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

U got me thinking also, i haven't find out how can I bring big amount of RM to SG.

For the short term, will put most RM in MY FD and small amt to buy some blue chips (Maybank, SIME, etc)in KLSE.

My friend also told me to open Maybank gold investment account.

Is 1 million usd aka 4 million myr enough to retire at the age of 26?

My concern is that the buying power of 1m usd will reduce a lot in 30 to 50 years, due to money printing, inflation etc.

Great to see so many feedbacks and suggestions.

Hopefully, will see more individuals, leave their comments here what they do about their finances when they are FIRE.

For this moment, I will move some money into SG into SG Reits. Will still keep big portion in MY FD

I think instead of fix deposit, money market fund - you can also consider to do private placement

if you have a few millions and if you only put a portion of it in private placement, it will be very very unlikely you will face something that require you to spend a few millions immediately.

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?

ya frugal... sometimes i wonder I am frugal or being stingy already 

You will be surprised. Most fire bloggers I read achieve fire by being frugal and living below their means and don't live pay cheque to pay cheque.

Frugal means immune from peers pressure.

Don't bother with bonds. Go straight for their reits.

Likely pushed/promoted by r.m.

Most r.m have wealth management products target to meet monthly. bank earn little from f.d.

while waiting for his response,...i think they are something like these ....
F = Fraser
A = Ascendas
C = CapitaLand
M = Mapletree

but not sure of their specific full names

That's wierd. How much portion you would put in fd? You alrdy have apple and Microsoft which give you way higher than 2%, then still go for fd?