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 FI/RE - Financial Independence / Retire Early

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koja6049
post Mar 17 2025, 01:27 PM

On my way
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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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doesn't seem to be worth it in my opinion. If you are currently in one place then the other will be left vacant, no one taking care of it. If you rent out one of them, you won't be able to use it for your "half-year" stay unless you chase the tenant away for that half-year, i don't think any tenant would be pleased with this kind of arrangement.

And actually, do you really need to spend 6 months overseas in the same location, not boring meh? For me, I prefer to spend like 1 month in different countries. Like, Spend 1 month in Japan, come back Malaysia for 1 month, then go spend 1 month in Korea, and so on. That way more variety, and you don't need to just lock in so much money into one asset that doesn't generate any continuous returns until you sell it...
koja6049
post Mar 25 2025, 01:10 PM

On my way
****
Junior Member
610 posts

Joined: Feb 2018
QUOTE(Ramjade @ Mar 25 2025, 01:07 PM)
I got only 10 years left to work. I aim for FAT FIRE.If possible want to stop working now. Already LEAN FIRE.
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how fat is fat? To me, 10k/mth is already fat, 20k/mth is obese and unnecessary haha

i'm currently standing at 6k/mth, still working towards my goal
koja6049
post Oct 3 2025, 11:48 PM

On my way
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Junior Member
610 posts

Joined: Feb 2018
QUOTE(Ramjade @ Oct 3 2025, 11:30 PM)
You can if you retire at 33 or at 40. That's buying back time. If you are retiring at 55, 60, 65, sorry la. No buying back time then. That's the purpose of FIRE the RE - retire early. You step away before the official retirement age and become unemployed and unproductive to the country. 😁 (My goal)
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easier said than done. You cannot buy back time, because time really changes everything. What you're really buying is a different expectations of standards of living.

10 years ago my thinking was like you. I was just 30 y/o. I spent some time working in sg and earning equivalent of RM20k in malaysia. Calculated the amount needed for retirement already, all set for 40 y/o target. Then around 35 I came back to malaysia with a paycut to work the remaining 5 years, relax abit because already exceeded my target.

But coming back to malaysia changes everything since now i'm spending more time with family. family starts to have expectations. family wants to go for annual european trips. family wants to stay in bigger houses. well, I have the money, so why not? But after buying all these, retirement plan at 40 also went away, now i'm expecting to delay until 50.

unless you can really keep with the lifestyle and standards of living when you started your retirement plan at 30, then you can be successful in FIRE. But most people, including me, will have mindset change as time progresses and wealth accumulates. That's why I say it is easier said than done and don't count on it until you really reach that point in time whistling.gif
koja6049
post Oct 4 2025, 04:04 PM

On my way
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Junior Member
610 posts

Joined: Feb 2018
QUOTE(magika @ Oct 4 2025, 11:16 AM)
A decade or so ago when i just came into the forum, i said we need  at least 4 million for fire and everyone laugh at me. Fast forward to now, some even says need 10 million.
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you don't need 4 million to fire, nor 10 million. 1-2 million is good enough. The caveat is you don't go for overseas trips, stay in a 500k condo instead of 2 mil landed house, and drive an axia instead of bmw/mercs.

The problem is, when you really reach your 2 mil accumulated wealth, then most people will tend to buy that 2 mil landed, drive that bmw, and go for european holidays.

 

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