I was into SaaS back then. So the cost is actually my time as I did the code, design and business development all by myself. Grew it to a 5 figure income (MYR) before the market got really saturated and I had no choice but to leave it to die a slow death.

As long as we based our calculations to the Almighty EPF only...

we will never get the true figure of people's networth in malaysia.

Bro...the RM240k is a joke. Totally unrealistic. Their basis was based on decades ago and only been updated once or twice to the RM240k figures now.

When I was a kid, chap fan can be eaten for RM1. Now RM10 also cannot.

Yes, you need to do a calculation because everyone's assets are different. But if you want to live comfortably (and I mean no lavish lifestyle), RM 3 mil is roughly the net worth mount you will need in order to generate passive income PERPECTUALLY between RM5k to RM10k per month, depending on the type of assets your net worth is.

Sure you can get by with say RM500k....but you better find some source of active income and continue working and basically no retirement for you.

Here is a recent article on this issue. Although it's much lower than my calculations (because I want it runs PERPECTUALLY), this article at least set a much more realistic target even if you expect the retirement nest to dwindle down to zero but at least have 20 years to it. Again, RM240k is a joke.

https://ringgitplus.com/en/blog/retirement-...o-30-years.html

Seriously, they are all middle income workers and they are all doing well.
Aus does a lot for their citizens. Cheap education. Healthcare, etc.
Most own their own properties and can retire quite comfortably.

Funny, for FIRE without any fixed asset. 
As u encountered first hand KLSE is double edge sword. 
Portfolio has to includes  shophouse/ apartment to collect rental.
Money can depreciate over years.  But asset  relatively stable or longterm willappreciate. Rental income is the dividend

What i am trying to say is 5mil may seems alot now, in cash..
And she is spending the FD interest and KLSE dividend as monthly household expenses, hence losing the compounding magic (if not being re-invested)
Moreover in  another 20 or 30years , your 5mil will 'feel like' 2.5mil in PPP.
Only Fixed Asset with rental income will be stable in value.  Long term wise, the shop will appreciate.  and Rental also appreciate.

u have the best forced savings method ever!

bring back the usd lar to pump up our myr... so sad to see it now at 4.62....
tried to google search what was the lowest ringgit ever got during asian crisis (i thought it was like 4.8) but google returned that right now is the lowest...?????

TRue,... especially if the landlord is old and is not so physically able to chase the tenant.

I think,... SG REIT dividend income is still better,... but that's me.

Appreciating SGD, good quality REITs but must buy the correct REITs. Especially in these times of rising interest rate environment and of high inflation.

New millennials don't understand the TRUE value of money... just wants things spanking new.

YOLO, the government and country look bleak as well.

Hutang first, enjoy dulu, suffer later

Itu maciam ka. Mayb u guys too rich dun hav average Joe problem. Sometimes people hav been forced to look for new property as subsales need a chunk of money. At least 15-20% of d house value. Itu belum kira cost of renovate etc lagi.

Where got ppl buy new house renovate?

Where got ppl buy new house renovate?

Renovation won’t help FIRE. Let’s change topic. I’m bad manage my finance need help. Last time I young travel many country sometimes buy property by mistake thinking it’s the last time i willl move. Guess what, old now and back to Malaysia the best place.
Should I sell my flat in spore then convert to ringgit? I will lose exchange rate right? Also will I kena tax? Or should I just keep it in spore but it’s a problem cause I old that time can’t go there collect rent

Sorry I have a noob question..
Why KDI Save over Versa? Been seeing a lot of talk about parking short-term cash in KDI rather than Versa

i use both

versa slightly higher than kdi if not mistaken

but kdi clearly shows u ur money and u feel more secure looking at its interface

versa show u in their own units so its harder to understand

see also no mood adi

Money in and out of Kid Save is faster than Versa. If you do it before the cut off time by night money is in your account already.

it is unit trust but in the money market....that's why Versa shows in Units.

So much trouble to just see YOUR own actual money

KDI u open account straight away can see how much ringgit n cents u currently have

Versa some more register left right left right

Too much hassle for such small amount of interest

Like that i better all in tesla

It is not enough because your kid is still form 1. still got 10 years to go. You won't know how much education cost or how long it takes or what he wants to do.

If you plan to send overseas then ringgit depreciation be a problem in 6-7 years time. I'm not thinking positively on the ringgit so I might be wrong. 

You still can contribute to the society. Why need FIRE?

FIRE is stupid and already prove to be failure
You will die faster if you on FIRE.

Thats nice, so he FIRE-d in his 50s?