There was a similar discussed topic before, but the topic is closed now.

Starting here for me and others to share their experiences and their ideas about FIRE.

I am a single mum, and my only child recently just started working. I am in my late 40s, My plan now is going to FIRE.

I am now working already since last year because of the pandemic. And I don't plan to go back to work and will be doing my leisure things and charity works.

At the moment, my banking assets is around RM5million ( half in FD, rest in UT, KLSE). I got burn in KLSE this year because of gloves, and lesson learnt. I don't have any bank loans.

What i dunno what to do in my financials, should i look for a financial planner to help me plan?

What do ppl living in FIRE do with their money?

THanks

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?

After a month from my first post here. What i have done is

- open a SG banking account and transfer some RM to SGD (10%). THinking to buy some stable bonds with around 3.75-4% coupons (Mapletrees)
- open my stashaway with 2 risk group (18% and 36%)
- bought Maybank and Public bank shares in KLSE this week.
- Renew my FD (after mature last week) 2.6% 12 months

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.