Very hard to retire la as you get close to the age limit especially if you doing well in one career which also mean you at your highest earning capacity.

And even you have to be declared or forced to retire at 60, one will find way to continue stay employed.

I can't imagine seating idling being unproductive. I don't mind to cut back the hours and have a little work life balance and enjoy the fruits ...

And when you being in position of power as manager or leader, you will find it very bored not being challenged or dealing with crisis. I told my wife if I really retire, I go back to college for a master or doing some courses to keep the brain from going senile.

If you don't mind me asking, are you below 50?

You saying kid still have 3-4yrs education presumably tertiary.. hence armchair deduction/assumption you are below 50?

This post has been edited by gamenoob: May 20 2023, 08:49 AM

Ah OK OK. I'm in same situation except no retirement yet. Got to slaughtered for 3 more years and then I can chillax a bit and get that JDM coupe or convertible while I'm officially "loanable" by the bank.

At that rate, do you still have insurance payment? Or that purely living expenses?

I know insurance meant different thing for different folks, I'm hoping to paid enough when I hit 60 and let it run on its own up till 80. Worst case, go to G hospital as earlier discussed if insurance cash balance dries up.

Small short terms loan that can be terminated with ease is still OK la like car. But of course clear it before retire. If things goes as plan, car loan will end when kid finish college and then down size to a city with the residual balance and that Coupe if I'm still physically fit to touge

Car like my only vice and as long as manageable with logical plan, it's acceptable pleasure la..


Mortgages is no no for me when hit 45yrs old as I cleared them in 5 years when lock in period expired. As many said it's a sense of huge relief and accomplishments when the mortgage is settled and deed is transfered to your name....

Now just need to worry if future SIL have such planning....

This post has been edited by gamenoob: May 20 2023, 10:18 AM

Looking very much toward this....had my fair share of dealing with morons from these 2 countries.

Can be shocking for some of these Ahole when they deal with supposedly reserve asian that bite back hard

This is the number I’m aiming for too including the kid as well even if they hitting working bracket soon. The gap is now how to get another 50% more to cater for those unexpected non regular expenses.

Just wanted to be safe/conservative to plan for it. If kid fully settled down, then it’s bonus la.

Impressive

And you attain such at such early age.

Looking back I'm still like blur fool at 30 until got married and settled down.

Nothing a right women that came along and snap you back to the right path....

To hit such at early age is really impressive Ramjade.

What industry/role is this? Got opening for retire to be folks? 😅

Aiseh you saying batman 1172 either doing real work or useless mgmt role as he said oversee and lead...

Travelling can be taxing. Used to do them when younger. Living off suitcase. Fly off Sunday night home Friday evening within region. Fly to chiangmai and midweek to Jakarta and then home and another route next week.

Can be tough for the young. 80% of my colleagues then are either single or divorced,.... or going to....

Very true.

This thread keep me company especially that scam forex MG and FD promo as im waiting for some to matured... even when travelling to Japan. You folks Keep me company while I'm lost in the sea of nihon jin....

If you all bitch and whine on property, here in Japan, house is a depreciating asset and has been depressing since the bubble burst.

House prices will dropped until nominal land value and the next gen will mortgage again to have a rebuilding cost for a new structure.

Plus the aging issues, there are many akiya aka abandoned house here that you technically can have almost for free.... with loads of caveat.....

This post has been edited by gamenoob: May 30 2023, 09:45 PM

Generally those akiya or free/low cost abandoned house are usually with poor location and abandoned for a good reason. Not so much of ex dead owner but rather it cost too much to be rebuilt hence abandoning it. Japan still have inheritance tax which can be prohibitive which is why some offspring rather not having such unless it commercially viable to be inherited for rebuilding. There tend to be situated in country side even within Tokyo or Osaka. With such huge sizes and pocket of area with little access ie train or amenities, it’s fall off the typical Japanese radar. Some soc med trend now in YT with increasing foreign content creators jumping in and buy such and rebuild them for their content. The Chinese investor has been lured onto it for quite a while now (not the YT type) and convert them to Airbnb etc. but Japan city ordinance on such are grey and complicated that commercial return is questionable unless it is located in a prime location like very close to train station etc.

Those that can be rebuild and resell with profits are generally rare and would have been taken up by the owner or real estate company.

This post has been edited by gamenoob: May 31 2023, 08:27 AM

Talking about personal finances, any recommendations on expense tracker app that easy to use and can be ported out to excel and most importantly free?

Don’t need any fancy future retirement planning etc. it’s nice to have but not a must.

Currently I’m doing it old school way that I will tabulate all my expenses every few days with the receipts from CC.

I use Cc for all my expenses as much as possible instead of cash for the receipt and record to ease reconciliation later. I will pay even massimo bread with Cc… 😅 only tough part is food court and roadside with no such facilities hence the apps tracker for it if any.

Thanks

Will check them out..thx

Now rarely liao premium selection. Maybe those super cold model like GT..

40k gbp are those top school like Imperial College London, LSE, etc doing engineering..not sure fir medical. If he spent 60k, maybe doing medical. If kid do well, he will recover ROI

Anyway at that age, they at peak earning, why quit when you get paid top dollar... so may not necessarily to FIRE. Unless he is really crapped on his fin mgmt, they should have some backup exit plan somewhere

Indeed, some balance needed. Don't be so "HUG POK" otherwise can't enjoy n kaput

Like my wife say, your son in law will drive that porsche instead of you... not that I can afford one.

I presume you are younger than 55? Long way to go to think of such. Clear your bucket list... without kid or any left behind next gen, you are cleared for many choices..... work so hard to get where you are... enjoy it

Hsbc banking facilitate foreign transaction quite easily especially for parent sending kids oversea. They will open foreign bank account, ATM, credit etc. Couple with EGA multi currency.. it's easy ..

the AUM is the same or even lower than local bank. Actually its amongst the lowest...