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....

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.

Holding Malaysia Ringgit for FIRE = playing fire. Look at Sri Lanka, and good luck.🤞

Most of us Malaysians have a blind spot, i.e. the long term value of MYR. I believe in retirement planning you should always factor that in. Of course that means more work to be done, but make sure you cover that side of the risk just in case we hit RM6 to a dollar over next 20 years.

Perhaps that is one of the reasons that our FM said
"Fixation of ringgit versus US dollar must stop, says Tengku Zafrul
By Luqman Hakim
August 6, 2022
https://www.nst.com.my/news/nation/2022/08/...s-tengku-zafrul

Indirect telling the gomen got no idea how to stop the slides?? 🤔🤔

When I see this FIRE thread, I feel like weeping. For a few months in 2021, when stock markets were at their pick, FIRE was within reach.

The freaking Biden takes office and freaking Xi began the tech crackdown/inflexible Covid policy/whatever and things went south.

be sure to update parents' insurance coverage up to 100 years old as well. unless you don't mind sending them to government hospital.

II got this reply from my agent, ..... Looks like no untung. 😱

It's more or less fixed but the insurance company can ask you to topup if needed. If they didn't ask to topup means it's fixed.

My son went to international school.and.now in college. He no Gip a Pak about brands and certainly don't follow herd. It's all about the parents upbringing.

disappointing with so much of downfall during covid.... made a dent to retirement saving
anyway, do you guys think rm3.5mil is enuff to survive?

approx 5% returns pa...
age 50
3.5mil x5% PA = RM14,500 PER MONTH

Then why are you asking whether Rm14.5k is adequate?

How much in EPF considered alot? 1m?

Why on earth waste your money buying new house and yet still renovate 🤦‍♀️ and it means wasting more money and letting developer to profit more instead

Hi forumers,

Need your opinion if I can achieve FIRE with below numbers.
In other words, can i quit my main job (salary 1 in below).
I have 2 small kids currently at the age of 7.
I have accumulated this much of wealth and quite worn out with my current job.
What could be the best strategy to move forward with this status.

Saving & Investment
Saving in FD : 200k  ( 4.0 % pa return )
Saving in Current Acc. : 250k (i keep there to reduce interest for Home Loan 1)
Saving in Current Acc :  320k  ( i keep there to reduce interest for Home Loan 2)
Unit Trust : 230k
Share Market : 100k
ASNB : 60k
Retirement Money :  350k ( will receive if i quit my job )

Liability & Expenses
Home Loan 1 : 280k Outstanding  ( monthly 1.3k)  - current market value of property : 1 mil
Home Loan 2 : 680k Outstanding  ( monthly 3.5k)  - current market value of property : 1.3 mil
Home Loan 3 :  170k  Outstanding  (monthly 0.5k)  - abandoned project. servicing bank interest.

Monthly Fixed Expenses :  12k ( insurance, home loan, child education, Utilities, current house rental,etc)
Monthly Variable Expenses :  3k ( food, travel , leisure , etc. )

Income
Salary 1 : 35k  ( My Income  )
Salary 2 :  7k ( Wife Income)
Rental  1 : 10k ( Short-term Rental income from  Home 1)
Rental  2 : 1.6k ( Normal annual rental )