There was a similar discussed topic before, but the topic is closed now.

Starting here for me and others to share their experiences and their ideas about FIRE.

I am a single mum, and my only child schooling. I am in my late 40s, My plan now is going to FIRE.

I am not working already since last year because of the pandemic. And I don't plan to go back to work and will be doing my leisure things and charity works.

At the moment, my banking assets is around RM5million ( half in FD, rest in UT, KLSE). I got burn in KLSE this year because of gloves, and lesson learnt. I don't have any bank loans.

What i dunno what to do in my financials, should i look for a financial planner to help me plan?

What do ppl living in FIRE do with their money?

THanks

This post has been edited by frostfrench: Apr 2 2025, 11:37 AM

Hi,

A few parameters to define on your own for a quick evaluation :

1. What average yearly expenses vs your passive income generated from your investment / cash ? - Objective is to live off this rather than depleting into the funds / assets itself as best possible.

2. Medical insurance coverage to take care of the major financial risk

3. Your estate planning for your child (are you planning to leave him or her a sizeable inheritance or take the route they should be successful by their own self ).

A financial adviser can help you to evaluate this and form a plan , but bear in mind it's best you have already a plan of what you want, use the FA for his skill and access to the financial instruments to achieve what you want. Don't get pull in to what the FA wants to sell.

This post has been edited by mytrader: Oct 7 2021, 11:48 AM

You have 5million and if you do not wish to stress too much... dump all in FD also can get 100k per year at 2% p.a. Can live comfortably without touching your principal already.

But if you want to do more about it, do self contribution to EPF, can contribute to SSPN, can invest in some lower risk UT to enhance your returns.

Thanks for the quick reply,
1. At the moment my expense below my FD interest generate and dividend from KLSE companies.
2. At the moment my medical insurance still ok
3. When I pass, will sure leave all to my child .

Thanks for the quick reply,

Yeah, was thinking dump all in FD, but with such low FD rate, am afraid it cannot cover the living inflation. Thanks for the reminder to self contribute to EPF, I am doing that for the past 3 years and will continue to do so yearly.

Many congratulations to you on achieving FIRE. Much respect to you. I hope you have sorted out your legacy planning as well in terms of wills/trust. Nowadays with Covid, life is really really unpredictable.

with the concern of these scenarios,...
even with your banking assets is around RM5million ( half in FD, rest in UT, KLSE).

then not easy to be fully and surely have peace of mind when FIRED.

the below quick evaluation is to take note....

if you don't know the numbers,...BEST is consult a financial consultant to evaluate holistically to determine if you can fully and peacefully be FIRE

This post has been edited by MUM: Oct 7 2021, 12:18 PM

Assuming you live till 80 ...

5,000,000 ÷ 40 years = 125,000 per year ÷ 12 = 10,417 per month.

Put your money in FD and cont charity work.

DONT 'fall in love again'.

Hi, thanks for creating this topic. I'm 28 years old, was from finance background. Have been trading KLSE stocks quite actively in the past and I've lower 7 figures (liquid assets like stocks, cash etc) in MYR this year. Expenses wise, I do not have much spending (no house loan obligation), hence, interests from my $ will be able cover for my modest living lifestyle.

For now, I'm like semi-retired as in I do not have a full-time job, with flexible time to monitor stocks/do some research. It was good but recently started to get bored and feel like exploring more stuffs in life, for example charity works eg. like you mentioned. Would like to learn from you guys on the time allocation vs. stuffs to do/new venture - as in how to spend it meaningfully. For now, its more like watching videos, doing research, trade/invest stocks which are less satisfying after some time.

Would like to share with you some of my humble opinions too. Since your highly liquid assets is RM5 million. Perhaps based on your risk appetite, you can allocate them into two categories: Low risk vs Moderate/High risk. Low risk assets may give you consistent interest/dividend on a regular basis, and you can ignore the price volatility since you will be holding them in the long term. Examples: FD, Cash, Big Cap companies with consistent dividend yield. I used the word 'consistent dividend yield' is that, some of the companies like glove companies, you may see their dividend yield for this year is high - during their industry up cycle when they're doing well. But the industry is cyclical in nature, hence, they are UNLIKELY to provide you consistent dividend yield over the years. For low risk assets, you should avoid these kind of stocks.

On the moderate/high risk assets, it can be stocks, unit trusts or corporate bonds - they may generate higher returns, but the risk factor is high too. I noticed that your investment strategy is quite diversified as you invested in SERBA bond/sukuk too. These are considered high risk asset - with certain default risk. With a investment portfolio (low risk vs high risk) that suits your appetite, you can have less worry and focus your time on things you would like to do.

Regarding to your question whether a financial planner would be good for you, it is very subjective - depending what kind of financial planners that you meet. For some of them, they objective is to sell you financial products to earn commission, there is a conflict of interest. I wouldn't deny there would be good ones that may help you to plan properly. Alternatively, you can talk to those individuals who have similar kind of networth, they may provide constructive opinions to you too without much conflict of interest.

Would also like to learn from you on the charity works.

as mytrader mentioned, a Financial Planner will help you understand your finances better and plan out the route for you.

You were correct in diversifying to other instruments n not limit yourself to just FD. There are many other investment options worth considering.

You were wrong in trying to follow the herd n jumping into the gloves.

I think more important than a financial planner is to improve your knowledge of investment products n asset classes.

Won’t get burn by gloves shares so long as you’re able to hold long term and not liquidate it

As long as it is paying dividends just to ride out the capital losses

You need to stay invested in the markets, otherwise inflation will be an issue some ways down the line. Work out an asset allocation that works for you (I'd recommend 30% Bonds, 70% Equities), and just park your money that way, readjusting the allocation once a year.

My two cents worth.
I believe in passive investing with low costs funds, annual rebalancing and asset allocation depending on my risk tolerance.
Unfortunately the only person who truly have your financial interests at heart is your ownself. Financial planners that I interviewed before this rarely are fiduciary and the tools at their disposal have high upfront fees and expense ratio.
There's nothing wrong with dumping the whole amount into FD as the principal amount is sort of guaranteed. Just live within your means and you don't lose any sleep. OTH there is currency and inflation risk.
There might be a place for diversifying into another country/currency and other assets which might do better than MYR and beats inflation. It depends on your risk tolerance and your expected duration / legacy for your child.

I know of a retired couple (not myself, I'm still hard at work) who is in similar situation. They put 60% of their money in FD with several banks earning about 2.3% interest. Another 20% in principal protected but higher yield instruments like HLB CRAN (yield not guaranteed) and the rest in equity. Only can tell the results 5 or 10 years later whether good or poor choices.

As per all experts in the group said, A genuine financial planner might can provide you some financial planning to achieve your goal. You might can meet up few financial planners to have some comparison on their presentation and proposals and choose the MOST that can fulfill all your needs and objectives.

Another option that u can get some opinion from your bank Relationship Manager as well. I'm sure they are happy to assist you as sure you are their VIP.

Do some comparison and get some opinion from your circle of friends, then u can have your own direction to go for your destination.

Just my 2cents sharing.

As only about 4% of adults in this country have over us$100k net worth; hence, >96% people opinion on wealth management and financial planning is unworthy.

with rm5 m a.u.m, suggest you to approach private banking of maybank, ambank and cimb; they could provide professional and realistic advise. As everyone risks appetite is different, they could tailor options for you.

This post has been edited by icemanfx: Oct 7 2021, 04:33 PM

was surprised that you stated about 4% of adults in Malaysia who have over RM500k networth. I thought it would be like 10-15%.

Basically at your age, go for low risk instrument unless you are trader with some proper lessons and much research only go into stock market.

Since you have put 1/2 to bank FD and UT or maybe EPF? Which I think capital guaranteed is something you are looking at.

Last get the will (for distribution) and Trust on financial arrangement in the event of CI/TPD/Coma.

Then do charity work or gardening/ reading/ drama to kill your time.

As reported by i.b wealth reports, which is consistent with data from epf, bnm, khazanah research institute, etc. for reasons, households debts in this country is among the highest in asia; many lifestyles is supported by borrowing.

This post has been edited by icemanfx: Oct 7 2021, 05:16 PM

Or for themselves.

Principal-agent problem. Not sure of local private banks, in SG Swiss private banks, at least from one client I know, the bankers keep "encouraging" you to trade in and out to collect "fees". For buy-and-hold style investment, not much fees to be collected and that is no longer the most lucrative business for them.

The lesson here is TS should read up finance books and gear up herself with financial knowledge on her own. Don't follow others blindly, even if that means your FA, always ask for second opinion. It helps too if you have banker friends (not in client-customer relationship).

It is wise to meet with a few banks to find out how they operate. certain private bank don't pay commission to their r.m. for reasons, billionaires bank with private bank and some for generations.


This post has been edited by icemanfx: Oct 7 2021, 05:24 PM

congrats to you sis.

good to know that, thanks for the info n heads up.

your only child started working at 8yo?

I think any individual who have RM5mil, they are among the top mind in the country. It is almost impossible not to have basic investment strategy. Unless inheritance or some toto windfall.

Sangka baik, divorced and lost custody, she adopted a teenager

Okay riding along that good faith assumption.... Congratulations on having 5mil all to yourself! Going 100% low risk investment can already get yourself a comfortable life + end of life, and still have some to spare for your child. As you already mentioned, your expenses is below what your FD and dividend yield currently, that means your money can only grow.

Idk about financial planners and relationship managers so I can't give any input on that.

If I were you, I'd max out EPF self contribution every year because it yields the most dividend at low risk. You also don't need so much liquid funds since you have millions to go.
There's also ASNB you can go for (I personally don't have that yet so I'm just parroting the others).
SSPN has quite decent dividend and is also quite safe and more liquid than EPF. They announced about 4% last year compared to EPF 5~%?
For other low risk instruments, I'd consider investing in other currencies, and segregate them based on your trust in each global power (I'm assuming these 3: US/EU/CN). Buy some blue chip stocks overseas, something like that.

There's really no need to touch high risk investments like crypto, cuz you can already sleep well sitting on that money. Also, don't get scammed in any way. If anything sounds too good to be true, is definitely is.

This post has been edited by Takudan: Oct 7 2021, 09:42 PM

For me I won't bother keeping money in Malaysia. But it's up to you. Reason is you don't want to hold a depreciating currency. Which means overtime your money buys less. Not to mentioned overtime your RM5M becomes smaller if you decided to dig into it.

I will open a sg bank account, transfer my money over slowly.
2nd step, open a good international brokerage.
FSM sg for buying sg stocks.
Interactive broker for buying overseas stock.
I don't recommend buying sg stocks but they are good for dividends especially their reits. They can give you 3-8%p.a.
Just buy parkway life, Fraser's logistics, Fraser's centerpoint, mapletree logistics, mapletree commercial, mapletree industrial, ascendas REIT, keppel DC REIT, keppel Pacific reits, prime reirs, United hamisphere reit and lastly elite commercial REIT (this is the highest quality reit as the tenant is the UK govt and paying I believed 7%p.a).
Non reits, Hongkongland, DBS/OCBC/UOB.

That's it. Beats any FD or any majority of unit trust in Malaysia. And protect your future purchasing power as well.

If you want more venture in HK market.
CKI infrastructure
CLP
Shenzhen international

Are all good picks. I used to owned them.

Never ever find a financial planner. They will con you into buying stuff you don't need. Majority of them are only interested in lining their own pockets as they are insurance agents/unit trust agents and are incentivise to sell products to generate commission. Hence already have conflict of interest. Do you ask a barber if you need a haricut?

Go and read up yourself. Plenty of blogs and YouTube video.
https://singaporeanstocksinvestor.blogspot.com/
(see all the link at the side, read all of them except CPF which is not relevant to us).
https://investmentmoats.com/stock-market-in...ting-resources/
https://stestocksinvestingjourney.blogspot....f-dividend.html
https://stestocksinvestingjourney.blogspot....-of-saving.html

Some YouTube video I recommend
Andrei jikh
Graham stephan
Our Rich Journey.

I have read basically everything I shared aboved.

I leaned everything on my own. Nobody taught me anything. I self taught myself. Trust me I went for a preview financial planner stuff which gave a talk at my company, it was rubbish. They are telling stuff I already know and trying to make things complicated. To the uninitiated, it was mind blowing. To me was just meh.Since that day, never. Besides financial planner won't be able to bring me to where I am today. But I thank the above as they were my teachers. Always remember live way below your means and keep things simple.

This post has been edited by Ramjade: Oct 8 2021, 12:39 AM

Currently FIRE

thanks to crypto lol

you could be right and gotta train him early, start working at 14yo.

This post has been edited by pendekartauhu: Oct 8 2021, 12:56 AM

Thank you everyone for your replies and suggestions.

What I really worried is our RM currency depreciation and inflation risk, so I am afraid the FD rates won't be sufficient.

What I will do now is read up and open a SG bank account, through CIMB MY and transfer my money in batches by Sunway Money.

after you had transferred to Sunway money (to protect against MYR depreciation) then do what? let it sits there?

This post has been edited by MUM: Oct 8 2021, 11:29 AM

judging by the reason for the transfer,...i think he will just let it sits there.
for the objective of the transfer is to protect the buying power of his money...
any mistakes in doing any risker things with that money can WIPEs OFF all the benefits gained from the protection from depreciation

I read SG Reits thread earlier. I going to monitor 2-3 reits ( the ones RamJade suggested) and put some money in SG reits.

I also thought of changing some RM here into USD

how many % of your 5 millions are you gonna transfer out to protect it from depreciation?
if it is just 5 or 10%....then what about the depreciation of the rest of the 90~95% of your MYR?

U got me thinking also, i haven't find out how can I bring big amount of RM to SG.

For the short term, will put most RM in MY FD and small amt to buy some blue chips (Maybank, SIME, etc)in KLSE.

My friend also told me to open Maybank gold investment account.

Don’t bother open Maybank Gold account if you like giving money to the banks

Buy GLD ETF with your money in SG

You can do around RM60k/day. Use transferwise and Sunway money. But if you want cheaper use Sunway money. Only pay RM1.00 and get the cheapest rate.

Majority of the people will just keep in bank account

Majority of the people will just keep in bank account
Actually not really. By buying FACEPM reits, chances of losing money is low as they are quality reits.
Don't try to scare people off. I never regretted going overseas. My only regret was buying sg stocks.

Just buy FACEPM reits
Frasers logistics
Fraser's center point
Capital land commercial
Elite REIT
Ascendas reit
Parkway life
Mapletree family if reirts


Don't bother with opening Maybank gold account. Avoid at all cost. If you really want to buy gold, open interactive broker and convert SGD to usd and buy spdr gld etf. You can't get any cheaper than spdr gld etf. You want to transfer huge amount, open business account with Sunway money. If you really want to preserve mkeny, buy etherrium.

Anyway Sunway money even though max rm30k transaction
/day is still cheap. Rm1.00/transaction and best rates in town. One month easily RM600k and only pay RM20. Very cheap in my option

RM30k x 20 days (4weeks and 5 working days).

This post has been edited by Ramjade: Oct 8 2021, 04:07 PM

with my limited knowing, and ramjade proves a point.
i starting to move my investment to US market via tiger broker sg and cimb sg.
the currency is one thing.
the other is US market (taking S&P500 index as a cue) has always been on a up and uptrend over a long period of time, unlike our bursa going up and down.

i dah insaf a bit and play it long.

moving to SREIT serve the purpose too. but I have limited fund, so i have to choose.

This post has been edited by cempedaklife: Oct 8 2021, 02:30 PM

rm 5m in sg can only open priority/premier or similar account; different service level and investment options available from private.

certain sg banks priority/premier account could trade stocks.

intra bank account transfer is not expensive and less hassle.

This post has been edited by icemanfx: Oct 8 2021, 04:30 PM

Same here. I got limited funds. Was a pure dividend investor before this year. Decided to change to growth and sell options. That way can get both capital gains and DIY dividends via options. Never been happier. Boost my dividend returns by around 1200%

This post has been edited by Ramjade: Oct 8 2021, 04:10 PM

Hi all. A very good informative thread for FIRE. Thank you very much OP for starting and others for sharing! Just curious, to open up a SG bank account, what bank is recommended and easy to open for Malaysian? All can be done online, I assumed?

Just an older perspective to TS - have the end-goal in mind, eg. Estate planning.

All the moving about to US / SG / etc brokerages & accounts - ensure it's worthwhile for your Will's Executor to file/execute your Will in those countries and retrieve
+
relevant Estate taxes, even if SG brokerage, it can be US Estate Laws U'll face like 45% taxed on anything above USD $60K.

Personally, i've moved my stuff back to "easier & cheaper" for my Will's Executor to perform their duties with less or no estate taxes.

Of course there will be some smarter folks saying to share userid & password with another or joint-account but.. look into the details and probabilities ya. Executability when needed +legality + impact.

Note - i'm 49 this year and based on the local brokerage charges / fees on dividends, no biggie based on the amount i'm transacting. Thus, the end-goal is more important to me for my family. When younger, yup all those cost are quite a big % impact thus worthwhile to have accounts like OptionsXpress, TDAmeritrade, etc.

No absolute right / wrong ya - just sharing what i've done & thought - different strokes for different folks & different stages of life.

This post has been edited by wongmunkeong: Oct 8 2021, 08:09 PM

I can vouch for the rates and overall quality of Sunway Money - just be noted that you need to wait a few days for your beneficiary to be verified, even if that's yourself for the very first time.

I been using them more than a year plus. Replaced instarem because it's too expensive.

Exactly the same reason why I don't invest a lot in SG. Moving your money back to MY AFTER your death could be an issue if your kid is not familiar with financial products.

I think one have to be careful of following blindly another's stock/reit/bond etc recommendations.
First, work out what's your timeline ie. duration of your investment.
Then determine your risk tolerance ie. the amount you're willing to see your investment drop without selling based on emotion.
Thirdly work out your asset allocation as this will determine 90% of your returns ie. Cash:Fixed income:equities ratio
Then decide on the MYR:FOREIGN CURR distribution.
During this time of self discovery, open a cimb SG online account and IBKR, endowus, fsm etc. depending on how much time you want to spend monitoring your investment and expenses you are willing to pay.
Transfer via Sunway money.
Distribute your money locally and overseas determined by your earlier local:overseas and cash:fixed income:equities allocation.

Live to enjoy your retirement and quality time w your child.


I believe the most difficult part in the whole process is not the opening of accounts and allocation of your asset. It is the discovery of one's inner psychology/relationship with the meaning of money eg. loss aversion, FOMO, greed and fear etc.

If one is not in old age, a solution to mitigate estate tax is to buy life insurance to cover likely estate tax amount. Your friendly r.m has other solutions e.g family trust.

This post has been edited by icemanfx: Oct 9 2021, 01:42 PM

We are fortunate that No Estate Tax in Malaysia yet. As an estate planner, family trust is good where u transfer all the money and properties to a trustee company b4 pass on. But really for Ultra High Influence market to build the financial wall or some other financial problems.

UHNWI have more options.

Estate tax was abolished as it taxed helang and Oren Kato the most; unlikely to reintroduce except people like Tony Pua at mof.

This post has been edited by icemanfx: Oct 9 2021, 03:23 PM

Made millions from crypto?

Is 1 million usd aka 4 million myr enough to retire at the age of 26?

My concern is that the buying power of 1m usd will reduce a lot in 30 to 50 years, due to money printing, inflation etc.

This post has been edited by sagethesausage: Oct 10 2021, 04:23 PM

If you can achieve 4m at age 26, you shouldnt stop what you are doing.

Your concern is unfounded. You assume inflation can grow, but your 1m USD can't. Money invested in a right way can outgrow inflation easily.

I would do that if you’re know how to earn enough lifetime passive income instead

Don’t concern too much about things that you cannot on control but learn to grow more lifetime passive income instead

This is the misconception and misunderstanding most people have.

the 1 million usd or 4 million ringgit is not just going to stay idle and do nothing. One is supposed to deploy the funds smartly to earn above inflation return while living off it.

Great to see so many feedbacks and suggestions.

Hopefully, will see more individuals, leave their comments here what they do about their finances when they are FIRE.

For this moment, I will move some money into SG into SG Reits. Will still keep big portion in MY FD

Instead of putting FD, you be better putting into MMF for quick liquidity with better compounded interests

I think instead of fix deposit, money market fund - you can also consider to do private placement

Private placement yes but how fast withdrawal and liquidity is the question as not all MMF are quick liquidity

if you have a few millions and if you only put a portion of it in private placement, it will be very very unlikely you will face something that require you to spend a few millions immediately.

If that the case better off buying Gold especially physical gold to hedge against inflation if it is for wealth preservation purposes rather putting MMF

The reason is for MMF is for short term interest while waiting for other buying opportunities not to preserve the growth

while most of the discussions revolve around the investment part, how about the expense control for FIRE?

Although one should save as much as possible, is there a guidance of the expenses allocation?

under FIRE, like max can only spend rm10 on food+grocery /day ah?

as frugal as possible.

ya frugal... sometimes i wonder I am frugal or being stingy already

personally, i used % of net active income - ie. excludes passive income.
as % is very easily fungible, U can customize to your own situation + aim to increase certain allocations to grow faster / when situation changes

i started with the aim of:
50% basic necessities
10% saving to invest
10% saving to create emergency buffer - when "enough" eg 6-12 months living expenses, re-channel to invest
10% feel good
10% accumulation for big purchases OR pay off debts
10% fudging for a combination of the above XD

The above is a mutation / self-customized from T Harv Eker's "secrets of the millionaire mind" guidelines.
There's also the "50/30/20 rule" - google it. Similar but since i know i'm not too disciplined, i needed the more detailed version above to focus on, to get into the habit

it was tough at first, VERY TOUGH.
especially after paying for a divorce to ensure my daughter is ok & rebuilding from the ashes. tough as in like 5% savings only..

after like 12-15 years, i more than recovered and was on >=20% saving to invest to <=40%, and my necessities fell to less than 50% coz my flexi mortgage was chopped down by prepayments. The prepayments were used as emergency buffer + war chest for "lelong buys" like stocks in 2020 Mar-Jun + lelong groceries that have long shelf-life & "for sure used" like milk powder, oats, soap.

I don't think people who achieved FIRE should live a frugal life. If that's the case, better add a few more years to achieve real FIRE. My own interpretation is to be able to live comfortably, eat semi luxuriously on weekends, travel locally every month and abroad twice yearly, play golf regularly and enjoy weekly massage session. These are rewards after years of working hard, investing and saving. Nevertheless still must have a monthly budget without fail.

Having said all that, I'm still a long way from FIRE.

You will be surprised. Most fire bloggers I read achieve fire by being frugal and living below their means and don't live pay cheque to pay cheque.

Most probably they don't saved more than enough before being fired.
If really enough, they don't hv to be frugal.
Those just aimed to be enough to be fired....will hv to live with the life they aimed when setting the target to fire.

The level of frugality is normally dictate by your habit. If you just try to be frugal when you are not, that won't last long. I don't think there is such thing as real FIRE either as everyone s definition of luxury can be very different.

I've been working hard, trying to invest smartly and to achieve FIRE in the not too distant future. Once achieved, I want to enjoy the better things in life but within a reasonable limit. I also don't want to die early, leaving my kins to enjoy my fruits of labour without me.

On the other hand, if one wants to live too frugally no need to achieve FIRE. Just enrol into a monastery as a monk/priest. With 'free' food and lodging, basically already FIRE. Kidding ...

No impulse spending and only spend necessity

The best is learn from Warren Buffett on how to control spending

Frugal is live within you’re means while stingy a whole new different game

Coupled most of the money have passive income which can cover their needs while being frugal to grow the passive income evenness bigger

Frugal means immune from peers pressure.

This post has been edited by icemanfx: Oct 20 2021, 04:49 PM

You need to know 2 things:

1. What is your target retirement age?
2. How much do you need to retire at that age?

Then it's easier to know if what you're saving is enough to get there. If you know what you need to save, then whatever you dont save just spend lor.

what age plan to retire? 45 or 50?

Over frugal also no good.
Money earned is for spend and use.
No use after life.

Over frugal may affect health and social.
Health - refuse to buy healthy food (don't need to be expensive, just normal natural food) and consume cheap junk food. In the end, affect health when aging and more money spent on medical only. Penny wise, pound foolish.
Social - Too stingy can affect socialize with other people, not going out with people, too calculative until affecting friendship.

Spend within yours mean.
Frugal is good habit
Over frugal is not.

what are you going to do when you retire at 45?

Plentiful. Just worry money not enough. At the low end, could play golf in the morning, long lunch, siesta, happy hours, long dinner. if stay in one place is boring could buy a yacht to sail the world, which many do. If boring with one cabin could move to different wine region at different time of the year.

This post has been edited by icemanfx: Oct 20 2021, 08:55 PM

Don’t forget impulse control as well

Just to add: a lot of people dream of saving up money so they can travel the world when they retire.

Counter point: travel is tiring, and most people usually crave for familiar comforts of home after a while.

And travelling to a lot of places involve jet lag, lots of walking, and just sensory overload. Or even hiking up to not so easy to reach places.
When you're older, you have less energy and not so easy to walk that much in a day anymore.

I think it's better to stagger out your vacation plans like once a year,
Take some time off and travel a bit when you're still young and able.

My strategy im saving 20-30% of my monthly income. And slowly invest it to create passive income.

Currently my rented out property is paying me averagely rm900-1200 nett per month after deducting all cost ex. Maintenance fee, tax, bills etc.

While my shares and crypto dividend is paying me out rm300-400 monthly on average.

My target is to have at least around rm3-5k of this passive-semi passive income.

Still far from my target.

I recently looking at vending machine business to be placed at some residential apartment. See how it goes. They say the cashflow from this biz is low. Low profit. But it is also low cost and risk. Rental for vending machine is only rm100-200 per month depending on the place density and traffic.

This post has been edited by MUM: Oct 20 2021, 10:23 PM

This applied to those join tour, have budget and time restriction.

If time and budget allowed, one could stay in city like barcelona, vineyard e.g loire valley or province like tuscany for weeks or months before moving to next place.

This post has been edited by icemanfx: Oct 20 2021, 10:48 PM

if you are NOT that kind of person that liked travelling, exploring and have no fear of unknown, hustles of travelling and problems that may come up....even when you are retired, travelling may not be your forte/likings.

great and fast way to have dementia

Not at all, one could join fraternity to keep brain vigilant. These organisations is worldwide except communist and taliban countries, which you can attend meeting and meeting like-minded people.

This post has been edited by icemanfx: Oct 21 2021, 09:41 AM

i also don't know what to do after retirement.
can just see myself playing games or watching netflix only...
sooner or later, i got bored again....