After retirement, unless staying with children, one or two bed room apartment would be sufficient for most people. Rental of these types of unit are plentiful.

Hi l, I'm 30 y/o this year. I have abit of disposal of income

I dumped all of them to fd and recently I'm looking for other instruments to dump my monies. I have been actively purchasing property with a rental yield of 6percent as roi. But recently I think that property purchase is too much of hassle and I think fd rate is too low.

I'm not keen of bursa because I'm not disciplined enough.

Looking for advices on how to further grow my wealth

Before you want to retire early please consider two below big ticket items first. Settle already?

1. If you have kids, how long you feed them until they feed themselves
2. If your elderly parents still around, how long you feed and support them until they are gone

Once you clear above 2 big ticket items, then you talk about your own retirement or fire. Item 1 can be avoided if you don't have kids. Item 2 can be avoided if your parents are financially capable or they deceased already. One biggest worry is Item 1 or Item 2 kena some "expensive illness" then you really need a lot of monies. Insurance can cover but I don't think they cover all or for some "expensive illness" doubt insurance is adequate.

I am not so sure about Msia insurance they can insure all the way to age 100? Insurer confirm lose monies if sell you the policy until 100 years old? You mean medical and hospitalization to age 100 correct?

Many medical & hospitalization plans until 100 yo in the market, only thing is high premium.

nothing is certain.... anyone who tells you otherwise most probably is either not experienced enough or have an agenda.

that's why people say it is good to diversify....

I bought ILP like 15 years ago and been obediently paying my monthly premium since then.... now it has equity funds worth of like 30K rm.... not great, but not bad.

Hi forumers,

Need your opinion if I can achieve FIRE with below numbers.
In other words, can i quit my main job (salary 1 in below).
I have 2 small kids currently at the age of 7.
I have accumulated this much of wealth and quite worn out with my current job.
What could be the best strategy to move forward with this status.

Saving & Investment
Saving in FD : 200k  ( 4.0 % pa return )
Saving in Current Acc. : 250k (i keep there to reduce interest for Home Loan 1)
Saving in Current Acc :  320k  ( i keep there to reduce interest for Home Loan 2)
Unit Trust : 230k
Share Market : 100k
ASNB : 60k
Retirement Money :  350k ( will receive if i quit my job )

Liability & Expenses
Home Loan 1 : 280k Outstanding  ( monthly 1.3k)  - current market value of property : 1 mil
Home Loan 2 : 680k Outstanding  ( monthly 3.5k)  - current market value of property : 1.3 mil
Home Loan 3 :  170k  Outstanding  (monthly 0.5k)  - abandoned project. servicing bank interest.

Monthly Fixed Expenses :  12k ( insurance, home loan, child education, Utilities, current house rental,etc)
Monthly Variable Expenses :  3k ( food, travel , leisure , etc. )

Income
Salary 1 : 35k  ( My Income  )
Salary 2 :  7k ( Wife Income)
Rental  1 : 10k ( Short-term Rental income from  Home 1)
Rental  2 : 1.6k ( Normal annual rental )

Yes and they allow the global premier link that make life easier. I can setup my kid hsbc oversea under MY premier without fulfilling UK premier requirements. With this... all FX transfer have no charges and oversea hsbc ATM debit is free too when I travel.

Recently I have some old UK notes which I just walked into UK hsbc and they swapped to new poly bills for me without charges.