FIRE (Financial Independence, Retire Early) Movement

[d9lives]

I want to work for 3 more years.

When I retire,
I will retake CrossFit and Muay Thai and sign up for powerlifting.
Probably will take classes in bali, bangkok, anywhere, just keep moving.
Build my body, see the world, immerse myself in local cultures, foods, girls....
The world is my oyster...

I can't believe there are people who don't know what to do after retirement.

 

[DevilPlate]

I want to work for 3 more years.

When I retire,
I will retake CrossFit and Muay Thai and sign up for powerlifting.
Probably will take classes in bali, bangkok, anywhere, just keep moving.
Build my body, see the world, immerse myself in local cultures, foods, girls....
The world is my oyster...

I can't believe there are people who don't know what to do after retirement.

Recently i receive FB feeds showing fit fit elderly in their 70-80s….maybe next time u can inspire others to stay fit till old age too

 

[elloz123]

I want to work for 3 more years.

When I retire,
I will retake CrossFit and Muay Thai and sign up for powerlifting.
Probably will take classes in bali, bangkok, anywhere, just keep moving.
Build my body, see the world, immerse myself in local cultures, foods, girls....
The world is my oyster...

I can't believe there are people who don't know what to do after retirement.

sounds exciting I would love to take those Muay Thai boot camps in Thailand. Too bad I’m married with kids lmao.

 

[d9lives]

sounds exciting I would love to take those Muay Thai boot camps in Thailand. Too bad I’m married with kids lmao.

Life is too short to let your kids ruin your retirement fun.
Don't wait until you're too old for anything.

 

[celtosaxon]

I’m turning 53 this year, and that is another reason why I felt it was the right time to take a chance and pull the trigger. My father retired at 57 and even now, 30 years later, he is still enjoying his retirement, no regrets. I’m prepared to not have a job for the rest of my life, if that is my fate.

 

[revhappy]

I’m turning 53 this year, and that is another reason why I felt it was the right time to take a chance and pull the trigger. My father retired at 57 and even now, 30 years later, he is still enjoying his retirement, no regrets. I’m prepared to not have a job for the rest of my life, if that is my fate.

I like to link to the Maslow's hierarchy of needs. At low levels it is about psychological and safety needs. Most people remain stuck at this level. But few people rise above that and start valuing love and belonging, prioritizing family etc. But to reach this level we need to be financially secure. After being financially secure if we are still stuck at low levels doesn't make sense.

 

[d9lives]

After being financially secure if we are still stuck at low levels doesn't make sense.

Let me copy paste....
Psychologists use the term “enmeshment” to describe a situation where the boundaries between people become blurred, and individual identities lose importance. Enmeshment prevents the development of a stable, independent sense of self.

Just look around you, many people behave this way.

Their jobs are all they talk about, their jobs have become their identities.

How about people whose lives revolve around their kids? They have become mere shells of their former selves.

 

[BBCWatcher]

Maybe initially 2M = 6-8M but inflation is quite high in India.
However if u continue to keep in USD, shd do well also.

Indian equity and bond markets are well developed, so they beat the local inflation. I also have allocation to global index funds.

Inflation still matters. You might beat inflation, but you'll beat it by less if inflation is higher. I agree with DevilPlate that India's inflation rate will probably be somewhat higher than (for example) Singapore's inflation rate.

If you expect higher inflation, there are ways to cope with it. For example, if you're buying an escalating life annuity you can simply pick one that has 5%/year escalation instead of 3%/year. (Or an Indian rupee CPI-linked escalating life annuity from a high quality insurer if such a thing exists.) Naturally a life annuity with a 5%/year slope costs more than a life annuity with a 3%/year slope. As another example, some countries offer inflation-indexed (real return) bonds. If they're otherwise good bonds (good credit quality, etc.) then it might make sense to have a portion of retirement assets invested in such bonds. As a third example, a modest primary residence that you own helps mitigate housing inflation. You still have the option to sell the home if you ever need to monetize it — for example, if you're otherwise basically tapped out at age 98. Then you can sell your home (at an inflated price hopefully), rent housing for a couple or few more years, and pay for the other necessities of life such as food.

 

[hwmook]

I want to work for 3 more years.

When I retire,
I will retake CrossFit and Muay Thai and sign up for powerlifting.
Probably will take classes in bali, bangkok, anywhere, just keep moving.
Build my body, see the world, immerse myself in local cultures, foods, girls....
The world is my oyster...

I can't believe there are people who don't know what to do after retirement.

Girls? I need to recheck your posts, I thought you are married.

 

[d9lives]

Girls? I need to recheck your posts, I thought you are married.

I am married. Why though?
I am not interested in exercising or hanging out with ahpeks.

 

[qhong61]

I am married. Why though?
I am not interested in exercising or hanging out with ahpeks.

So must hang out with girls?
How abt ur wife?
Leave her to rot at home?

 

[qhong61]

Life is too short to let your kids ruin your retirement fun.
Don't wait until you're too old for anything.

They didn't ask to be born.

 

[CrashWire]

My daughter's school term starts in India from Jun. So that is the D date for me and I work backwards from there in terms of notice to my employer(1 month) notice to my landlord(2 months).

I remember the discussion from a while back, and I'm still really curious if your daughter had any input on whether she would prefer to live and study in Singapore or India.

 

[Romeo007]

I am assuming the EU country is Ireland as they have English medium free public school. I understand Netherlands also has English medium options, although you have to pay, it is cheaper than the intl schools in Singapore.

Why don't you also find a relaxed job in the EU country?

I will probably find a job or keep myself busy with other things but I am happy to spend time with my kids for now.

I think the most important thing is to have a social life whether it's from work or from joining a club, etc, if not the feeling of loneliness will set in.

 

[revhappy]

I remember the discussion from a while back, and I'm still really curious if your daughter had any input on whether she would prefer to live and study in Singapore or India.

Well, it is not a choice for us to make. We applied for PR many times and got rejected. Our stay is linked to my job here. My job is linked to my employment pass.

So I could lose my job or I could lose my employment pass and then we have to go back. It is just a matter of time, eventually we have to go back.

If the end goal is to go back, then might as well go early and get acclimatized.

My daughter goes to an Indian international school here. Her application to local school for phase 3 was rejected. She can complete her A level in the international school. After that if she has to go to NUS/NTU she faces tough competition. If she doesn't get then we have to send her back to India or to some foreign country.

Let's say she gets in NTU/NUS, again there is no assurance that she will find a job here as a foreigner nor any assurance that she will get EP to work here.

So to me all that uncertainty is not worth it. My daughter is 13 years old now. We go back to India and she can do her 5 years of schooling there, she will very quickly forget Singapore and then atleast she has a base there. She can do her college in India or overseas, depending on her interest and her grades.

Regarding, my daughter's reaction about going back to India, she seems pretty excited because she can have pets in India. Singapore is too strict too many rules for keeping pets. In India we have a landed house, we can have a dog and a cat. So she is looking forward to it.

Also, a few of her classmates are now moving back to India. Although, in their cases the father stays back and works in Singapore and sends back family to India as the kids reach advanced schooling stage. In our case we go back as a family unit. So both my wife and daughter are okay with the decision. Most of my wife's Indian friends have left Singapore in the last few years.

 

[BBCWatcher]

I remember the discussion from a while back, and I'm still really curious if your daughter had any input on whether she would prefer to live and study in Singapore or India.

Well, it is not a choice for us to make. We applied for PR many times and got rejected. Our stay is linked to my job here. My job is linked to my employment pass.

So I could lose my job or I could lose my employment pass and then we have to go back. It is just a matter of time, eventually we have to go back....

....So to me all that uncertainty is not worth it....

For the record it's generally possible in this situation for a child to stay in Singapore on a Student's Pass with one parent staying on a LTVP for some continuity of education. And/or, when the child is old enough, boarding school in Singapore. However, this option is quite expensive, and I think it's limited to only one LTVP (one parent or grandparent). In other words, it'd involve family separation.

Personalised Employment Passes and ONE Passes offer somewhat greater immigration stability (more than 30 days to leave), but they're only available to top income individuals. The current minimum for a PEP is a fixed monthly salary of $22,500. Moreover, a PEP is only available once per lifetime, lasts only 3 years, and is not renewable.

Let's suppose you're working in Singapore on an S Pass or EP, your immediate family is all here in Singapore (one or more children in school, for example), and...bang, you have to leave, within 30 days. But let's suppose not everyone in your household holds the same passport. Where do you go? In many cases you have a double move. Part of your family goes to Country X, and another part of your family waits in Country Y pending Country X's visa approval to reunite with the family. Maybe Country X's visa requires thousands of dollars in fees and a year or more to process. And that's assuming the visa is granted. In addition, you've got the cost of two households in two countries to bear.

I think a lot of people don't know about how their governments' immigration rules affect real families, including potentially their own. I'm still learning about various governments' immigration rules. Generally they seem to be getting more hostile to family unity and stability. That's not good for anyone IMHO.

 

[d9lives]

So must hang out with girls?
How abt ur wife?
Leave her to rot at home?

Bruh...we are not some kind of insecure high school kids.
Just hang out, not hook up, nothing hanky panky.
Wife can always join or be with her gangs. She is even more social than I am.

 

[limster]

Bruh...we are not some kind of insecure high school kids.
Just hang out, not hook up, nothing hanky panky.
Wife can always join or be with her gangs. She is even more social than I am.

totally agree.

those who FIRE or practising trial run of FIRE will know that for fitness activities on weekdays, there are a lot more ladies then men. The ladies will have dropped off their children at school/enrichment in their giant Merc/Porsche/BMW SUV then head to the gym (not activesg gym lol).

if you meet them regularly at gym, then normally you will say hi and make some small talk. no need to be antisocial just because you are married.

 

[DevilPlate]

totally agree.

those who FIRE or practising trial run of FIRE will know that for fitness activities on weekdays, there are a lot more ladies then men. The ladies will have dropped off their children at school/enrichment in their giant Merc/Porsche/BMW SUV then head to the gym (not activesg gym lol).

if you meet them regularly at gym, then normally you will say hi and make some small talk. no need to be antisocial just because you are married.

me thinking of joining neighbourhood aerobics session also 90% Aunties whahahaha

 

[yslvlys]

I'll choose standard plan.
I want more money when I am still able to enjoy nice meals, travel, and boink2x.

Bruh...we are not some kind of insecure high school kids.
Just hang out, not hook up, nothing hanky panky.
Wife can always join or be with her gangs. She is even more social than I am.