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 FI/RE - Financial Independence / Retire Early

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cempedaklife
post Oct 7 2021, 05:35 PM

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congrats to you sis.
cempedaklife
post Oct 8 2021, 02:29 PM

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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
cempedaklife
post Jul 25 2022, 04:49 PM

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QUOTE(square2 @ Jul 25 2022, 01:29 PM)
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
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you are doing great bro!
cempedaklife
post Jul 26 2022, 09:21 AM

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QUOTE(square2 @ Jul 26 2022, 08:42 AM)
Of cause there are sometimes in life i was labeled as

1. charsiew because no give monthly expenses/money to parents

2. cheapskate because go expensive restaurant with friends but order the cheaper menu

3. anti social because reject friend to go clubbing and hold your urge when friend ajak to massage/flower pub

4. forever alone because never go out spend on girls and go dating
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i only have problem with the first but everything else is okay by my book.
but hey, its your life rclxm9.gif
cempedaklife
post Jul 28 2022, 09:41 AM

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didnt read all. not sure why suddenly turn to kids giving money to parents.

but my take is this, I'm doing it now without asking as i know my family background. and still, i will enforce it with my kids next time. its not about the money, its about the commitment and responsibility. I have seen enough of people spending money lavishly while their parents save like a beggar, I've seen the mindset of people on money when there is no commitment. i don't want that.

granted, i will take their money, and put it in an account and give it back to them when i passes on. or when they need it in future, without telling them. I don't care if it's rm100/rm200/rm300, whatever, i want that responsibility and commitment instilled.

kthxbai.
cempedaklife
post Jul 29 2022, 12:56 AM

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QUOTE(bogletails @ Jul 28 2022, 10:29 PM)

Have you seen something in the opposite? Kid save like a beggar and do Fire while parent spending money on random sales from FB live all the time. That's what I am facing right now. They are still working in early 50s and doing quite ok financially. But they have this addiction of buying stuff they don't need, almost every week. I didn't give much to them because i know it's far better to invest it for future use rather wasting it to random salesperson on FB.

Sometimes I feel like in a dilemma. Not giving feel bad, giving also feel bad.  But I do tapao food all the time ya. that's my only contribution. Am I a charsiew?
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I agree with your view too. But im expressing from my own perspective and own situation, where i am in control of the parents part since im the parent , which im confident in myself and my life partner and hence i dont have the same situation as you.

This post has been edited by cempedaklife: Jul 29 2022, 12:58 AM
cempedaklife
post Feb 24 2025, 08:42 AM

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QUOTE(wongmunkeong @ Dec 5 2024, 01:00 PM)
it heavily depends on your chosen lifestyle cost. for me, my own total costs, including insurances, home maintenance, item replacement, etc - comes to about ~2.5K pm only. Thus, even if i add my immediate family's costs, not a big amount pa. cashflow needed, and thus, not as much as RM4.3 M investments needed smile.gif

in comparison, my older sibling will have to have more than i because of her taste buds and travelling hobby - get the idea?
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Just wondering how old are you, to put it into context.
cempedaklife
post Feb 24 2025, 09:49 AM

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QUOTE(wongmunkeong @ Feb 24 2025, 09:21 AM)
been in my 50s for several years now (oh my achy achy back, hams & back delts during and after DLs  cry.gif )
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thanks!
good to know and kudos.

coz if you are in the 20s, that doesn't mean much.
but now that you are in you 50s, the expenses cost is low. kudos and i assume your housing and transportation is pretty much sorted too.

cempedaklife
post Feb 24 2025, 07:51 PM

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QUOTE(gashout @ Feb 24 2025, 05:08 PM)
if you are financially independent by malaysian standard, but based overseas, will you work harder and longer to own a place overseas. then only plan fire?

i intend to retire both countries, splitting half time here and there. if own a place overseas, then need to work hard and invest well for another 5-10 years.
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Depends la. Got kids or not. Kids based where. If no kids. Half here half there you okay to rent a whole year and stay only 6month? If rent only when want, isn’t it a hassle? If buy will you leave it empty or want to Airbnb it for the other half year?

Really hard to say. If don’t think much of course both place wants to have property.

 

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