EDMW Retirement Thread

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cyke69sg

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RinoaX said:
Hopefully I can reach my FIRE in 10-12 years time and join this thread.
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Hope you achieve it!
You can still participate in the thread. Share your progress how close you are etc. Encourage one another.
 
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cyke69sg

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jumpthepig said:
My net worth keeps growing every month because I spend way less than what I make in passive income. Money is completely off my mind! 😂
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That's an awesome feeling! 👍

I know how it feels too. I don't have to spend any of my monthly passive income. It is all DRIP to snowball. The next month get more.
 
yokine3a

yokine3a

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cyke69sg said:
Sounds like it is only on weekends then. Sat or and Sun. Once a month? Every 3 months?

That's not much. Why you say you got not much time for other things? What you do the other 28 days a month?
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Once a mth, every 3 mths activities all have.

Becos I also do reading n watching YT on phone, so besides sleeping, not much time to spare 🤣
 
yokine3a

yokine3a

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DragonFire said:
This is one way of retirement.

I finally decided to build out a small machine shop. I’ve always enjoyed tinkering with my hands and that is what I will spend my extra time on.
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Your post reminds me of that great angmo who do free bicycle repairs in sg. He gains my absolute salute. Hope we can have more ppl like you guys to give back something to the society.
 
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imooi2018

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RSKeisuke said:
it's a backup plan in case COL in thailand gets out of control.

in central thailand, the options are udon thani, khon kaen or korat as these places are equipped with good class hospitals (khon kaen esp.. it's sort of the medical centre for that part of thailand)

these cities do not suffer as much the inflation we see in recent years hitting BKK and even CNX. These cities are not backwards.. i'd equate them to be like penang, JB level.

the drawback is having to transit in BKK or DMK each time you want to rush back to SG

another place to consider is huahin, a possibility.

I struck off these places for the following reasons:
CNX - smoke season (Feb to May), somewhat getting expensive thanks to digital nomads, koreans, prc and taiwanese.
BKK - unless living in outer suburbs, the crazy amount of traffic and people makes living there like no diff from singapore, and it's getting really expensive (think living long term and not as a 1-week tourist)
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Thanks for sharing and good to know.
Korat near to KhaoYai and Lopburi is a plus
 
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Little turtles

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d3n said:
IMO.

1. SG may have good medical facilities but comes at a price, else where in BKK, they are famous for medical treatments too (not just plastic surgery) and cheaper as well.

2. hawker food is no longer affordable, price has been increasing as well. You know, BKK street food or non touristy place is half the price of a hawker food. The same plate of chicken rice is only $2.50 in BKK and SG is $4 (some place still selling $3.50 but lesser and lesser), some hawker food (newer gen stall owners) even sell their food at $7-8! Look at those recent hype hokkien noodles, no $6 no talk. Once those old time stall owners close shop, those new gen will not sell you this kind of price anymore due to high rental cost.

3. Actually, BKK, as compared to SG, has cheaper flights anyway also; SG is not really the base of asia, and it is getting expensive, with higher fuel cost and airport tax. TIP: If you fly to China/Japan/Korea from BKK, the tickets are dirt cheap.
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BKK.........
1. Heavily congested, much worse than SGP
2. Communication issues
3. Weather even hotter and equally humid
4. Weed issues
5. Less safe..... recent school shootout, following US style
6. Strrets are heavily polluted
Etc

Anyway, if one needs to worry about $6 -$8 meals, then Singapore is not an ideal place to retire. Make no mistake about this. This type of food pricing is already lower than Australia, North America, Europe, Scandinavian countries
 
Lchlch

Lchlch

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cyke69sg said:
Aim higher bro.
Must put some buffer for when markets are down or bear.
Stress test. Down 25%. Down 50%.
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I dnt spend much nor like eat expensive meal, holidays, just a solitude, foc exercises will do...
 
d3n

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Little turtles said:
BKK.........
1. Heavily congested, much worse than SGP
2. Communication issues
3. Weather even hotter and equally humid
4. Weed issues
5. Less safe..... recent school shootout, following US style
6. Strrets are heavily polluted
Etc

Anyway, if one needs to worry about $6 -$8 meals, then Singapore is not an ideal place to retire. Make no mistake about this. This type of food pricing is already lower than Australia, North America, Europe, Scandinavian countries
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i never say i retiring in BKK.

we are talking about COL, if u can have lower COL, why not? like i say, SGD burn faster in SG than in BKK, unless you are very well off, you probably have to work till 60s non stop.

the idea is to retire earlier, stop slogging till 60s and enjoy lower COL instead of someday have to pick cardboards on the street.

i already explain, its not difficult to learn Thai language, if you know hanyu pinying.

if you are not staying in BKK, congestion is not an issue.

all asian countries are hot and humid, northern thailand have very cool weather. Even northern vietnam have cool weathers.

anyway u scare this and that, you stay in SG sua, i will be chilling after 55 years old and see you still complaining why 60s still working. :sneaky:

sinkies is very funny, always worry and think this way:

- must top up to hit ERS
- scare old liao not enough money, work and working until dunno when stop
- keep complaining things getting expensive
- too brain washed by SG gov that sg is safe / clean heaven
- blah blah blah

so when will you ever retire? 70? 75? by then whats the joy? when u cannot do most of the things already. Give u so much money every month, how will you spent it? See doc and get medication?
 
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Little turtles

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d3n said:
i never say i retiring in BKK.

we are talking about COL, if u can have lower COL, why not? like i say, SGD burn faster in SG than in BKK, unless you are very well off, you probably have to work till 60s non stop.

the idea is to retire earlier, stop slogging till 60s and enjoy lower COL instead of someday have to pick cardboards on the street.

i already explain, its not difficult to learn Thai language, if you know hanyu pinying.

if you are not staying in BKK, congestion is not an issue.

all asian countries are hot and humid, northern thailand have very cool weather. Even northern vietnam have cool weathers.

anyway u scare this and that, you stay in SG sua, i will be chilling after 55 years old and see you still complaining why 60s still working. :sneaky:
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Lol your earlier posts compared with BKK !!
Trying hard to change goalposts??

Anyway, like i said, if $6- $8 meals need to worry, then SGP is not for you.
Your own situation does not represent situation of others.
 
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