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EXIT STRATEGY - How Much Is Enough?
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mercuri



Joined: 03 May 2005
Posts: 4599
Location: KL

PostPosted: Wed Mar 29, 2006 3:13 pm    Post subject: Reply with quote

nick1994 wrote:
what happended 2 twinky........... Question



prolly got herself soaked in cough mixture! darn! Very Happy
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glen999



Joined: 12 Oct 2005
Posts: 410
Location: Singapore

PostPosted: Wed Mar 29, 2006 9:10 pm    Post subject: Reply with quote

10mil is not enough if you think it's not enough.

1 mil is enough if you think it's enough.
________
Body Science


Last edited by glen999 on Fri Mar 11, 2011 2:20 pm; edited 1 time in total
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winnie the pooh



Joined: 24 Jan 2006
Posts: 1999

PostPosted: Thu Mar 30, 2006 9:33 am    Post subject: Reply with quote

profound!
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assaji



Joined: 23 Feb 2006
Posts: 49

PostPosted: Thu Mar 30, 2006 11:14 am    Post subject: Reply with quote

glen999 wrote:
10mil is not enough if you think it's not enough.

1 mil is enough if you think it's enough.

I think minimum would be RM2m for a middle class life.
RM400 k for children's eucation, RM150 k for several change of cars. Bal of RM1.45m earn average 5% pa will give you RM6k a month. Spend average RM5k a month, save RM1 k to compensate for inflation. Use the capital of RM1.45m to pay for medical bills in the last years of your life.
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winnie the pooh



Joined: 24 Jan 2006
Posts: 1999

PostPosted: Thu Mar 30, 2006 11:32 am    Post subject: Reply with quote

rm150k for several change of cars? if you've got rm2m before retire, you'll probably be driving (or been driven in) a benz e-class...

"with rm150k you'll probably looking at changing cars twice (proton) in your retirement... that translates to about a car every decade."

me thinks just hold on to your e-class until either of you croak first!


Last edited by winnie the pooh on Thu Mar 30, 2006 11:35 am; edited 1 time in total
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nick1994



Joined: 24 Apr 2005
Posts: 6116

PostPosted: Thu Mar 30, 2006 11:34 am    Post subject: Reply with quote

dei....now proton having cheap sale lar......sudah kurang berapa tu...5%....




150K may just get u 3 biji............not 2......
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winnie the pooh



Joined: 24 Jan 2006
Posts: 1999

PostPosted: Thu Mar 30, 2006 11:37 am    Post subject: Reply with quote

three proton or one e-class, i ask you?
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nick1994



Joined: 24 Apr 2005
Posts: 6116

PostPosted: Thu Mar 30, 2006 11:42 am    Post subject: Reply with quote

...aiyah no need merc lar macam tu.............3 proton v 1 honda, i alredi angkat the honda.......
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winnie the pooh



Joined: 24 Jan 2006
Posts: 1999

PostPosted: Thu Mar 30, 2006 11:45 am    Post subject: Reply with quote

so with rm150k, you'd rather make a change to a honda accord sometime within your retirement years instead of changing protons every 8 years or so, right?

back to square one... whatever makes you happy. anyway, if u b*mi, why the hell would you need rm400k for your children's education, i ask you.
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nick1994



Joined: 24 Apr 2005
Posts: 6116

PostPosted: Thu Mar 30, 2006 11:47 am    Post subject: Reply with quote

...thats coz the education includes 'skiing trips 2 aspen' and prob an aston martin as transport mar..........
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winnie the pooh



Joined: 24 Jan 2006
Posts: 1999

PostPosted: Thu Mar 30, 2006 11:48 am    Post subject: Reply with quote

Idea
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assaji



Joined: 23 Feb 2006
Posts: 49

PostPosted: Thu Mar 30, 2006 12:11 pm    Post subject: Reply with quote

CArs also got some resale value. So RM150 k can juggle around - depending what car you buy and long you keep it. RM400k for children's education also estimate - depends how "productive" you are and how smart your children.
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nick1994



Joined: 24 Apr 2005
Posts: 6116

PostPosted: Thu Mar 30, 2006 12:14 pm    Post subject: Reply with quote

....... Laughing oso depends on what your children define as 'education'.........
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winnie the pooh



Joined: 24 Jan 2006
Posts: 1999

PostPosted: Thu Mar 30, 2006 12:45 pm    Post subject: Reply with quote

in short:

"10mil is not enough if you think it's not enough.

1 mil is enough if you think it's enough."

Laughing Laughing Laughing
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blue.sky



Joined: 22 Apr 2005
Posts: 265

PostPosted: Thu Mar 30, 2006 1:04 pm    Post subject: Reply with quote

For me is when i have a vehicle which can generate 10K eg. interest per month.

It will be enough for me.

PS: But I will still go to work (for job which i like)

Dreaming now ... Laughing
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The Mole



Joined: 09 Jul 2005
Posts: 842

PostPosted: Thu Mar 30, 2006 1:21 pm    Post subject: Reply with quote

Ok if your kids require RM400k for education, RM5k a month is just enough for THEIR pocket money.
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assaji



Joined: 23 Feb 2006
Posts: 49

PostPosted: Thu Mar 30, 2006 1:28 pm    Post subject: Reply with quote

The Mole wrote:
Ok if your kids require RM400k for education, RM5k a month is just enough for THEIR pocket money.

Foreign education is blardy expensive. It costs RM100k per child per year. Even if do twinning course, 2 years here - 2 years overseas, it'll cost RM300k total - per child. Of coz the alternatives is to send your children to Unitar or Universiti Sabah, or Uni Telekom or whatever.
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The Mole



Joined: 09 Jul 2005
Posts: 842

PostPosted: Thu Mar 30, 2006 1:46 pm    Post subject: Reply with quote

OR make sure your kids study hard and win scholarships. Otherwise you'll realise that these costs don't just end when they graduate. They'll just think that parents are eternal cash cows when they get by fine without having to struggle much.
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nick1994



Joined: 24 Apr 2005
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PostPosted: Thu Mar 30, 2006 1:48 pm    Post subject: Reply with quote

4 sum

instead parents, read government
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glen999



Joined: 12 Oct 2005
Posts: 410
Location: Singapore

PostPosted: Thu Mar 30, 2006 1:48 pm    Post subject: Reply with quote

winnie the pooh wrote:
rm150k for several change of cars? if you've got rm2m before retire, you'll probably be driving (or been driven in) a benz e-class...


if you buy e-class, then you will think that 10m is still not enough Laughing Laughing Laughing
________
Yamaha Xv920R


Last edited by glen999 on Fri Mar 11, 2011 2:20 pm; edited 1 time in total
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alexey



Joined: 31 Oct 2005
Posts: 104

PostPosted: Thu Mar 30, 2006 1:58 pm    Post subject: Reply with quote

in the world of relativity, can I say :

phase I : work hard to save money (1st bucket of gold)
phase II : investing in med-high risk profile (start making small commitment, such as car, etc.)
phase III : making serious commitment (producing kids), switching from high-risk to med/low risk.
Phase IV : Releasing commitment & switching to low risk investment profile. e.g. children grow up; entering uni; retirement from daily job, etc.

I would say, if you accumulate a contented 2 mil at Phase III; you are unlikely to clean-off your hands; simply because you still have open-ended commitment (parent's health need; children education, etc.). Your mentality also actively engaged with investment.

What I'm trying to say is : cleaning-off hand is closely related to commitment & mentality (which closely tied to age).

if you take away other aspects, and just looking at $$$ wise; your assumption now might be true just for 1 single moment, and might just become invalid before you know it.

I'm in Phase II turning to Phase III now.... Well, I can't even see the end of my commitment yet... Smile I would say, it will be forever before cleaning off.

cheers, with smiles.
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Change is a process of doing it, not thinking about it...
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The Mole



Joined: 09 Jul 2005
Posts: 842

PostPosted: Thu Mar 30, 2006 1:58 pm    Post subject: Reply with quote

RM10m not enough? Blame Soros!!
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mercuri



Joined: 03 May 2005
Posts: 4599
Location: KL

PostPosted: Thu Mar 30, 2006 3:24 pm    Post subject: Reply with quote

alexey wrote:
in the world of relativity, can I say :

phase I : work hard to save money (1st bucket of gold)
phase II : investing in med-high risk profile (start making small commitment, such as car, etc.)
phase III : making serious commitment (producing kids), switching from high-risk to med/low risk.
Phase IV : Releasing commitment & switching to low risk investment profile. e.g. children grow up; entering uni; retirement from daily job, etc.

I would say, if you accumulate a contented 2 mil at Phase III; you are unlikely to clean-off your hands; simply because you still have open-ended commitment (parent's health need; children education, etc.). Your mentality also actively engaged with investment.

What I'm trying to say is : cleaning-off hand is closely related to commitment & mentality (which closely tied to age).

if you take away other aspects, and just looking at $$$ wise; your assumption now might be true just for 1 single moment, and might just become invalid before you know it.

I'm in Phase II turning to Phase III now.... Well, I can't even see the end of my commitment yet... Smile I would say, it will be forever before cleaning off.

cheers, with smiles.


most intelligent answer the whole day. Very impressive. Very Happy
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nick1994



Joined: 24 Apr 2005
Posts: 6116

PostPosted: Thu Mar 30, 2006 3:34 pm    Post subject: Reply with quote

.....i smell sum sarcasm here.........being directed at me....................... Laughing



want 2 polish shoe izit.........
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mercuri



Joined: 03 May 2005
Posts: 4599
Location: KL

PostPosted: Thu Mar 30, 2006 3:56 pm    Post subject: Reply with quote

nick1994 wrote:
.....i smell sum sarcasm here.........being directed at me....................... Laughing



want 2 polish shoe izit.........


eh? dun u think it's impressive? Got phases summore! so which phase are u in? III? Shocked
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