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?

Anyone FIRE without owning a house? Is it doable? Reason why I want to ask this is because I think house is a terrible investment, it won’t appreciate already compared to 2008 time due to property oversupply. Plus, have to pay mortgage interest which is 2x the house price, no rental yield due to own stay. 1 mil house need to pay almost 2mil after 35 years.

If let’s say we have 1million capital, instead of buying a house. Can’t we just put it to the equity market? US index fund, ASM, EPF etc and let it work?  Assuming a conservative 6% average annual return from S&P500, 1 million capital will yield 60k a year or 5k per month. Then use part of the passive income to pay rent at whatever place we like. The remaining use for daily expenses or reinvest it.

Can this method work?? Why I never hear people talk about this before? Rent in Malaysia isn’t too expensive anyway. 2-3k can get a decent place.

to be exact. 580k worth of asset, not cash

got jump start as my parents gave me 40k cash for ptptn full settlement. use the cash to buy bursa stocks and buy a cheap second hand car for work. being very thrifty with take home pay and usually set a side rm1k for stock investment. year end bonus also dump into shares. with dividend and capital gain as well as one-off gain on gloves and tech stocks during gloves mania back in covid/mco. use the gain to invest in Sg reits

i  have Tropicana Bonds 7.0%
i bought  cheap properties, rent can nett 10% or more
DRB HIcom Bond  coming 6+%
B Islam Bond 4.85%

but you have much more openings as your wife earhtprince,
if for me i would have maxed out that privilege first

"that privilege" would not earn just 4% only, i meant those others that can earn up to 16% eg units in bank rakyat etc..

as long as you have access to it, whack dont wait... used all kind of ways
just like how i whacked  my Amanah Saham Fixed price units last time...if you go  buy the normal way, tak dapat lah.
time  doesnt wait, opportunity comes whack hard

as at May 2022, my cheap properties performance the best of all my portfolios
sold of few to take profit and avoid cost of transfer name next time...

the answer is there, only you didnt catch it,
give me the greenlight to buy that BR units, i am quite sure i have a way to buy it

hint:

1).....whack dont wait...
now no more  , complain is too late..

2).. used all kind of ways ,,..if you go buy the normal way, tak dapat lah.,
same like last time when i got  lots of ASX fixed price units,
others at the same time complained how come they coudnt get
(go read old ASX thread see how i got those huge units)

3...time doesnt wait, opportunity comes whack hard
just like those properties i bought, less than 10 yrs ago
can you get them now?

the question you persistently ask there more like you dont believe bumis have
better gomen provided opportunities than that lowly PNB 4%...

but you are asking the wrong person for bumi opportunities
as i am not one of them...

but i strongly believe if  i am am a bumi,
my asset today would have doubled or even trippled what i have now,

do you get the message now?

Just a claim i made up?

It is like i tell you jumping from 14 floor you can die, 
you said i made it up and you need proof..
just how clever is that?

Hello @Lembu wake up, 
dont pretend dumb you cant fool people in here.


Special opportunities for bumis is  open secret
everyone in here knows, MattSalleh included.

Bumis  have a head-start in  so many areas,

that BR units paying 16%  only for Bumi is proof enough right?
pretend stupid is not the way to extract more info from me.

From schools (boarding,MARA),exams, Matrik vs STPM, scholarship,
job, promotion, business, licences , permits ,loans, IPO equities,
housing, ASB, ASM, etc...heck even tax also got special,
they can choose not to pay tax......

"While every working adult (includes business persons) is assessed on their annual income to see if they have taxable income, the Muslims may opt out of paying income tax even if they have taxable income. YES!! U read that correctly......."



i pay donations it is Tax RELIEF, they pay donations   it is TAX REBATE.

You must be blind not see that.
"... action in Malaysia covers not only higher education but also land reservation, quotas in public service, licences, permits, scholarships and grants. The most glaring inequity is seen when Bumi can buy houses costing more than RM1 million and still claim a discount from the market rate...."



"... A tax rebate is a reduction in the actual amount of income tax you have to pay – unlike tax reliefs, which merely reduce your chargeable income amount. Furthermore, the cap on the amount of tax rebate you can claim for zakat is subject to the maximum of tax charged......."

go bury your head in sands ,
stuck to your  PNB 4% to argue till lembu comes home..
4% is the best you know, ok ok ok
any thing better is all made up....
waste my breathe  showing you my ports..

becos
what i can do above,  they can do better
what they can do, many i cant do..

dont wanna waste  more pages for you..

One issue is EPF max RM60k/year so it will take 10 years for him to dump his fund all in even if only RM600k

Hi, I'm approaching 59 coming year end. Lost all motivation to work in self perceived stress environment.
Your msg got me thinking abt post retirement finances with regards to life styles.
Trying to understand what range of realistic acquired annual fixed passive income (assumption kwsp 5.5%; asmx 4.0%; sspn 3.0%) ..putting stocks aside vs mental/emotional well being.
A. $80-100K
B. $100-120K
C. $120-160K
D. $160-200K
E. >$200K

Means that will be your salary and will be kena tax. Just don't.

Previously some forummers mentioned that, sign some forms, ask your employer to deduct a bigger than the "statutory" rate of your part of your salary for kwsp contribution.

Putting your money into EPF means you have faith in the RM.

I put the least amount possible and direct all my money overseas as I have no fairh in Malaysian currency.

I can. But I choose not to. My investment are basically earning me 1-2 months salary every month (this is all foreign currency).

But I need to make it safer hence I am still working.

Quite a number of highly educated people are highly dedicated to their own FIRE mssion so much so that they have forgotten to live their lives well. Time passes very fast and in a blink of an eye, you are there,  not FIRE  but old .

To achieve FIRE , live modestly to enable us to save well, not frugally for frugality over the decades will inbred into our character. So what if we achieved  our mission, what if we are well off but also old and miserable.

guys , do u think rm3.5million  can fire for a man 55 yrs old with a kid just entering college and overseas degree?

nice... only need 2.2 million ringgit to be T01 in Malaysia...