blessed2day
New member
I am very fortunate to be in the position of receiving RM2 million at the end of this year from selling my business. I am in my early 30s, and am grateful to have a loving wife and two beautiful young children. I have 2 cars, a home, and no liabilities.
I am seeking this community's advice on how to achieve FIRE (Financial Indepence, Retire Early) with the RM2 million, as well as to pass down more wealth to my children than I will receive from my inheritance. My household spending is RM18,000 per month. I have about RM250,000 in my bank account and RM100,000 in VWRA.
In 20 years time, I should inherit >RM20mil in Malaysian real estate assets and cash.
While I am so fortunate to eventually receive this inheritance, I hope that FIRE may be achieved independent of it.
I have two investment options in mind:
I am leaning towards Option A because of my inheritance. Firstly, the inheritance is based in Malaysia, thus I should diversify out of Malaysia. Secondly, the existance of the inheritance means that I can take more risk in my personal RM2mil investment.
I would greatly appreciate your advice on Option A/B or any other Options C, D, E... etc.
While I plan to FIRE... realistically I am probably still going to continue to work, but just that now it would be for passion and purpose rather than financial.
Edit 1: added what FIRE is.
Edit 2: just learnt that EPF has a contribution cap... So I guess I have to go option a?
I am seeking this community's advice on how to achieve FIRE (Financial Indepence, Retire Early) with the RM2 million, as well as to pass down more wealth to my children than I will receive from my inheritance. My household spending is RM18,000 per month. I have about RM250,000 in my bank account and RM100,000 in VWRA.
In 20 years time, I should inherit >RM20mil in Malaysian real estate assets and cash.
While I am so fortunate to eventually receive this inheritance, I hope that FIRE may be achieved independent of it.
I have two investment options in mind:
- Option A: Invest everything in VWRA, draw down 3% per year, and reduce spending to live within that amount.
- Option B: Invest everything in EPF, draw down 3% per year, and reduce spending to live within that amount.
I am leaning towards Option A because of my inheritance. Firstly, the inheritance is based in Malaysia, thus I should diversify out of Malaysia. Secondly, the existance of the inheritance means that I can take more risk in my personal RM2mil investment.
I would greatly appreciate your advice on Option A/B or any other Options C, D, E... etc.
While I plan to FIRE... realistically I am probably still going to continue to work, but just that now it would be for passion and purpose rather than financial.
Edit 1: added what FIRE is.
Edit 2: just learnt that EPF has a contribution cap... So I guess I have to go option a?