Path to FIRE FUND

[blackfriar]

@lichtoefur Your monthly expenses is 13K MYR?

 

[seanparnell]

@blackfriar maybe he stays at sg?

 

[lichtoefur]

@seanparnell Bro, this is assumption for retirements expenses for a household with two kids , is that too high? Idk , take a look at my analysis at the earlier reply

 

[blackfriar]

@lichtoefur Kids means you have a wife unless you plan to do all the heavy lifting. So, 50/50 la since feminism is the buzz word nowadays.

2M is achievable.

 

[lichtoefur]

@blackfriar Haha agree man, 50/50 is good, but the questions still stand. Is there any downside to just go for S&P500?

 

[russman]

@lichtoefur There is possibility that everyone else does better than S&P 500, which is what happened during 1970s and 2000s, my suggestion is VWRA which is global market cap

 

[blackfriar]

@lichtoefur I don’t see any downside because if the S&P crashes and you lose your money, everyone is pretty much fucked anyways.

Edit: I think u shouldn’t ignore EPF. My brother who works in Canada still tops up his EPF.

 

[lichtoefur]

@blackfriar Thanks man, I agree, except it is not exactly liquid unless I hit the myr 1M, 10 years is a long time, gotta plan it out