i am 60.
And i am ready to rock and roll!
All ready for retirement.
But company still requires me as a consultant.
Since i do not work in KL, work life is good.
So i will continue to contribute till i am no longer required in the professional field.

Healthwise, i can still jog 5km easy and deadlift 100kg.

Yeah. That's me. 😂

You referring to 15k present value?
Best don't get married if you are too frugal.

Reason I asked Ramjade whether he was referring to present value?

Or a 15 year future value for him to retire at 45 years old?

You cannot assume inflation stay at zero till you retire in 15 years' time!
And as you may note from several write ups, 15k net is pretty much T5 to 10 territory.
Why do you need to have that if you are so damn thrifty?
You are never going spend that any way!

I am thrifty. But not Ramjade's extend.
I still enjoy lots of things while I save.
Yeah. I don't buy into super brands consumerism.

I travel. I enjoy foods, theatre,etc.

Now that my children have graduated and working, I am thinking: Should I burn 400k on a car?

Like those damn Alphards?

I prefer my Toyota Prados.

This post has been edited by prophetjul: Jan 1 2023, 04:23 PM

Like i mentioned that i am frugal but not to the extent that i have not enjoyed the fruits yet. i have been enjoying along the way. And found that there is still excess while i am already 60.
Spending 400k on a car will dent like 6% of my cash standing.
However, i have never spent 400k at a go before. i am not sure whether my mental capacity allows me to do so!
And i so not really care whether i drive a 400k car or wear a 100k watch.

The most enjoyable things i enjoy most is to be among my family and friends. Therefore i spend most of money on them. It's not too expensive most times.
i also spend on helping some of their children through higher learning amongst others.
So is you ask me maybe i will spend the 400k on helping them like so.

BUT i love travelling! Especially to meet up with family and friends in far away lands.

Spending 400k at a go is really a mental thing.
But if i do spend this on a car, i will get one in Australia where i do not have to pay exorbitant taxes on cars!

That's a thought!
One of my mates has already bought one. In Oz.
Maybe i will do that. Go around Oz in a camper. Wonder what my wife will say about that?

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

Rm1mil in 30 years is a MERE Rm308k in present terms.

Great advice, Bro.
And APP = Always preserve principal.

Yes. i can vouch for this scenario.
Get as high paying job as possible especially in your younger days. Save and invest. Time factor in investing.

That is a good point! Inflation eats up the principal.

Age of FIRE posters here

1. prophetjul 60

It's all relative.

Apa kenbak 1 ?

Oh...young man/woman?

Women also need FIRE.

Single parent? Yes.