Can i achieve FIRE in 5 years time ?

[wlalala]

2 years enough

 

[RinoaX]

If you can earn this kind of money but still ask this type of question.


I'd say no.

 

[focus1974]

Background:

• 30M. BBFA single
• wants to FIRE by 35. Tired of the corporate world

Annual income:

• 700-850k p.a. base + bonus + RSU

Expenses- $3.5k per month

• food, transport, groceries: $3k/month
• Mom allowance $400 ( Lie to them about my salary, they think i earn $4000 per month )
• No car

Current investing plan: ( can advice more ? )

• $10000 every month DCA into VWRA via IBKR
• $1000/month into crypto;

Portfolio: Stocks and bonds:

• $400k stocks
• $100k SG reits and banks
• $300k Roboadvisors
• $200k bonds - tbill/ssb
• $100k crypto
• $300k cpf
• $500k cash

I would get the biggest property i can afford with installment instead of pumping $10k every month into equities.

 

[ashethen]

$1.9mil net worth for someone who is earning 800k pa is quite pathetic.

but can FIRE lor if what you said about your monthly expenses is true

 

[1982-1994]

Mom allowance $400 ( Lie to them about my salary, they think i earn $4000 per month

Charsiew spotted

 

[standarture]

If you can earn this kind of money but still ask this type of question.


I'd say no.

On SG reddit is basically flooded with these type of posts. Apparent high earners in management level jobs, earning up to 300kpa, but have no idea how to manage their money and somehow save a lot?

 

[Laguna123]

300k robotadviser??? I thought this one is lose money investment?

 

[Justanewbie]

800K pa you still on EDMW waste time for what

 

[nasilemak100]

 

[mastermember]

Lol.... Make him feel good and special lor

 

[joogii]

Quite funny... Some of the figures there not quite add up...

Probably those 6 figures all remove last 0 add up better....

 

[bakasora]

I saw this leddit post.

 

[evilduxy]

u wan say 800-900m per yr also can

bbfa edmwer famous for csb

mod pls close useless charsiew thread earn so much give parent 400 nia shld have told the dad to shoot into tissue paper

 

[tellyphone]

For a 30 year old. That's impressive..

What industry are you in?

You could have bought properties..

 

[EdenHazard]

How does one draw 700k pa at age 30? Even my ceo does not earn that much

 

[IAmChiobu12M]

Background:

• 30M. BBFA single
• wants to FIRE by 35. Tired of the corporate world

Annual income:

• 700-850k p.a. base + bonus + RSU

Expenses- $3.5k per month

• food, transport, groceries: $3k/month
• Mom allowance $400 ( Lie to them about my salary, they think i earn $4000 per month )
• No car

Current investing plan: ( can advice more ? )

• $10000 every month DCA into VWRA via IBKR
• $1000/month into crypto;

Portfolio: Stocks and bonds:

• $400k stocks
• $100k SG reits and banks
• $300k Roboadvisors
• $200k bonds - tbill/ssb
• $100k crypto
• $300k cpf
• $500k cash

What do you work as 850k???

 

[TimsTom]

Cause He already can LEAN FIRE and retire.

Ic. I learnt new terms when i google lean fire

 

[koster]

income 800k
expenses 3.5k * 12 = 42k
invest 130k

where does the remaining money go to???

TS for sure is not an accountant

 

[CubicHair]

Which laundromat you operating?

 

[Okmolly]

I think readers need to be wary of possible manipulation here.

what's the true agenda of the ts? selling course soon?



Read HWZ Forum Rules!

True agenda = bragging and act stupid… mod can close bragging trend