Masakan Tradisional Indonesia

Now even the star has written article to support the idea to postpone retirement age from 55 to 60.  It brought up a few points that seem inevitable but . . . every sensible personal finance guy would feel something has gone wrong somewhere. The fact remains that retiring at 55 in today's world seems a waste. The mortality age for Malaysians has risen Since when the definition of wastage of my retirement is up to anyone else to say ?  I may live longer and what is that got to do with you holding my money longer than you have promised before ? In the advancement of personal finance world, we are talking about retiring at 40's.  Since when retiring later become a good thing ? The retirement age in Indonesia and Thailand is 60  No one stop you to migrate there.  But right now the hot thing going is 1 Malaysia where all we talked about is how much we love our own land bla bla bla. A longer life based on a finite and short working career certainly would pu...

This is an extract of what I read in today's newspaper. More and more people start to carry this type of alternative concepts about retirement especially in this 21st century. You can't say its wrong. As a matter of fact, its a rather SMART way to go. But lie within is a huge hidden risk. The titles in above newspaper read: you don't need much during retirement, coz your liability has reduced living frugal is not hard, mentality is the key you don't need to prepare to retire ? By the time you retire, you probably don't have any more house loan or car loan to serve. Your body does not allow you to earn that much anymore. Chicks don't get attracted even if you sit in a Porsche. The bigger house you live in the harder it is for you to take care of it. In short, many people plan to 'maintain' their CURRENT lifestyle when they play for their retirement. The fact is you WILL NOT live the SAME lifestyle even if you are financially able to. Basically ...

There are many ways to retire. Some are easier than others. And some still think there is no way they can retire at all :) There are 2 main factors in retirement; 1. IN : how much do you have and 2. OUT : how much will you use during your retirement So naturally if you have more IN than OUT then you can retire. One of the ways is to calculate how much your OUT would be and then accumulate IN as fast as possible. You may have read that its rather simple for a single woman to retire at young age . There are 2 main influence on the figure OUT; 1. if you live a luxury life, it may take longer to retire ... if ever ... 2. if you live frugally, you may retire sooner. Some may think they live frugally but actually they may have been spending more than they should. A good way to quantify your OUT is to look at how you have been expensing for the past 10 years. It would most likely be how you will spend in future. The way we use our money is deeply embed in our subconscious. Its easie...

Is it best retire young ? Have you ever heard some people retire early at their 30s ? Do you think they got lucky or they must have own some businesses to become rich before they can retire ? Here are the stories of 2 persons who retired at their mid 30s and they only have worked for other people before. ( due to consent issues, the figures are generalized just to illustrate the concept ) They started working at their early 20s with starting salaries of $1,800 to $2,000. After more than 8 years of working, their monthly income were more than $6,000 and then it didn't increase any much further after that. Usually the salary big jump occurred during career move and they have changed career once or twice. Together with bonuses, they have earned a total of $800,000 in total after 12-15 years of working. Through out those time, they have saved aside a total of $175,000 . Initially they save their money in fix deposit getting about 2-3% return but very soon they move on the mutu...