FIRE (Financial Independence, Retire Early) Movement

[radioshack]

How many of you are aggressively saving and increasing your investment AUM, so that it reaches a point when your passive recurring income is enough to substain your lifestyle?

 

[Wishdom]

Me. hoping to reach 100k by this year. 28 years old.

 

[Piozzo]

trying hard for FI but RE pretty subjective to me....

 

[jack-320]

Reach FI first, RE will come soon

Then again earn more; spend minimial, reinvest the rest

Good luck all

 

[SKenny]

I am a FIRE supporter.

BTW, I retired in my 40's.

 

[kcarrey]

where to invest?

How many of you are aggressively saving and increasing your investment AUM, so that it reaches a point when your passive recurring income is enough to substain your lifestyle?

 

[addict951]

I am a FIRE supporter.

BTW, I retired in my 40's.

Kenny, what’s your AUM? ok to share!

 

[rstopel]

I did when I was in my 30's but then realized that staying home with kids and wife is worse than work soooo...now work to add second home for myself only (man cave).

Posted from PCWX using Mi A3

 

[Wishdom]

I did when I was in my 30's but then realized that staying home with kids and wife is worse than work soooo...now work to add second home for myself only (man cave).

Posted from PCWX using Mi A3

What if you weren't married?

Sent from Ilovennp using GAGT

 

[SKenny]

Kenny, what’s your AUM? ok to share!

Paisleh to share the total amount lah. Let's say I have sufficient to maintain my pre retirement lifestyle all throughout my retirement.

However I gpgt part of it, which is the balance in my CPF. Small amount only hor.

 

[coyote]

My passive income surpassed my expenses many years back, then I've gotten married, financial freedom got pushed out by couple of years, then come my first son, then it got push out by 18 years, then come my second son, retirement pushed out by another 2 years, then comes covid-19, then I have to start all over again.

 

[onegoal]

I mid 40s still gotta work to pay my house loans.

 

[LPPLKPKB]

My passive income surpassed my expenses many years back, then I've gotten married, financial freedom got pushed out by couple of years, then come my first son, then it got push out by 18 years, then come my second son, retirement pushed out by another 2 years, then comes covid-19, then I have to start all over again.

It means you never really achieved financial independent in the first place.

 

[rstopel]

What if you weren't married?

Sent from Ilovennp using GAGT

That might work better. Each situation has it's pro and cons. I think for me retirement with someone who is fin and most importantly emotionally independent would be best. It's a bonus if you share common interests.
Retire without partner can but a bit lonely for me. Not really the flirtybtype like changing girls like underwear

Posted from PCWX using Mi A3

 

[PlayDough]

Here mostly FIRED. Not FIRE.

 

[strangerjun]

Hope to have passive income 2.5k pm in today standards

 

[keytheboogamer]

Fire in the hole. Boom

 

[focus1974]

The only way to FIRE is to buy a HDB BTO and then pay it off...
then buy another property and pay it off.

Done.. No need think too much about stocks or other investments.

Most people cannot make money from stocks one..

 

[Chopin]

28yo, hoping to hit 100k by end of year, exclude cpf

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[apriliasiao]

i don't believe in fire as it will involve in putting all your investment into either high yielding securities or junk bonds in order to gain enough payout to sustain your lifestyle. Too much risk premium if you ask me.
I prefer having a balanced portfolio investing into different markets and assets.