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

Do anyone have any good house cleaning service to recommended?

We are first time new parent and have a 3 months old baby. With the new baby, most of our time is spent on the baby and like the house to be sweep, mop and tidy. I know there're those cleaning service that come to yr house to spend few hrs to clean up. Recommend by u guys will be great.

Thank you

Sangka baik, divorced and lost custody, she adopted a teenager

Okay riding along that good faith assumption.... Congratulations on having 5mil all to yourself! Going 100% low risk investment can already get yourself a comfortable life + end of life, and still have some to spare for your child. As you already mentioned, your expenses is below what your FD and dividend yield currently, that means your money can only grow.

Idk about financial planners and relationship managers so I can't give any input on that.

If I were you, I'd max out EPF self contribution every year because it yields the most dividend at low risk. You also don't need so much liquid funds since you have millions to go.
There's also ASNB you can go for (I personally don't have that yet so I'm just parroting the others).
SSPN has quite decent dividend and is also quite safe and more liquid than EPF. They announced about 4% last year compared to EPF 5~%?
For other low risk instruments, I'd consider investing in other currencies, and segregate them based on your trust in each global power (I'm assuming these 3: US/EU/CN). Buy some blue chip stocks overseas, something like that.

There's really no need to touch high risk investments like crypto, cuz you can already sleep well sitting on that money. Also, don't get scammed in any way. If anything sounds too good to be true, is definitely is.

I was wondering, did parent install spy app in your child's handphone?

My son (13 year old) got a phone now, and only allow to use when he is in the house and in weekend. I now thought of monitoring his phone, I know it's breach of privacy, but I like to sacrifice that for his safety and wellbeing.