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@snapdragon01 Aye aye.

I'm getting a 7 figure payment next month. I wanted to put it all into USD ETFs as per the Bogleheads philosophy. However, the exchange rate is so bad. So my options are: Stick to plan. Convert lumpsum to USD; or Build a 12-mth FD ladder. Convert to USD upon maturity. In a way, this would...

@dw4559 Yes. It is. I'm sorry :( But genuinely still need advice.

@pablob Yea, I thought about omitting the inheritance part but I needed to mention it to explain the rationale for preferring the riskier option A over B. Yes, most likely going to keep working. As pointed out by others, the inheritance amount is never guaranteed. And as you said, be agressive...

@ineedadvice101 It's really a self-esteem thing. I'm hoping not to rely on that RM20m as best as I can since it's not 'my money'. The RM2m on the other hand is money I made myself, and I hope to say that I can just use that to stand on my own. My hope is that the RM20m can just pass on to my kids.

@blinkshadow182 ah yeah. edited to explain what FIRE stands for. wish you all the best on your financial journey.

@racheldiane Oh. I didn't know that.

@magda0316 I started off in VOO (S&P) but then got hit by the witholding tax and then read this article that was shared on this subreddit and decided it made sense so moved everything to VWRA. I understand that there's some bias towards developed economies because the methodology of stock...

@debwater Yeah, discretionary and lifestyle are technically both discretionary spending. I split them out because while discretionary covers everything under the sun, the lifestyle category covers very specific items that my wife and I are spending on (pilates and gaming). In my budgeting app...

@npy recurring breakdown. I think some of the numbers are high because they are annual subscriptions. also, a lot of my subscriptions are packages that are more than what i personally need because I buy it and share it with the entire family, eg all the streaming services. Allowance to Mother...

@npy Right now i'm getting like RM20k/mth in salary. so I'm able to have savings. I don't really have a structure right now as to when I put the money into investments.

Breakdown of lifestyle is basically 50% my wife's pilates, and 50% my video gaming hobbies. I should meantion that I bought a PS5 over the period, but I balanced it off by selling my PS4, so net net it was about RM2k spent.

@npy This is the discretionary breakdown: CATEGORIESSPENDING Wife's spendingRM8,517.97 ChildrenRM3,196.09 HomeRM2,574.23 My spending RM1,170.79 Gifts/OccassionsRM1,082.70 UnbudgetedRM734.66 OutingsRM700.00

@juneel There's definitely opportunity to cut. But I'm not sure how to establish that with my wife.

@amberzon This is total over 6 months. Sorry i'll edit that in.

@amberzon to be clear, maid is 3 times a week, 8 hours each time. she spends most of her time looking after the young kids... she does cook, but yeah... i think there's something wrong there. i think i need her to cook bigger portions so we can carry forward to lunch. thanks for the insight.

@debwater Ya, here's my spending breakdown. Do let me know which items seem abnormally high. Total spending over 6 months CATEGORIES SPENDING DiscretionaryRM17,552.28 (wife bought an iPad pro during this period) House UpkeepRM15,473.57 (maid salary + others) FrequentRM14,748.70 Child...

Ok, managed to find some decent leads here: https://ringgitohringgit.com/personal-finance-community/financial-planner-in-malaysia/

@freedom7 Totally agree. But haven't found one yet that doesn't push products. That's why I just want to put all my money in EPF or ETF.

@mattmanticus Yeah... I'm thinking the same. Sigh.