If you read the article carefully, it refers to a young couple with young kids and heavy commitment as they just started a family. They have kids expenses, maid's salary, house, car loan payment, etc. For you, with your RM13m, and the fact that you no longer have any commitments, your monthly expenses will be much lower. Once you pay your condo and car in full, you don't have any other loan obligations. Your expenses are food, utilities, car petrol, groceries. Not much for an old couple.
It is understandable why people don't want to quit even though they have more than enough. Most people don't have the guts to let go of power, money, ego, etc. Being retired doesn't mean you do nothing, you should volunteer your time to do lots of charity work, to feed the poor, the make a difference to the less fortunate. Enough of spending your life just for yourself and family, it is time you open your eyes, look at the world and make a difference. This is true courage.
Quote:
Originally Posted by Unregistered
We are still not 55 yet, so we intend to work till at least 55, and see how it goes from there.
We prefer to retire in Singapore for its dynamism, convenience, cleanliness and safety. Admittedly we have also looked at Thailand, Oz, NZ and of course M' sia as possible places to retire to. So far, S'pore still our top choice, but we have options.
We have been keeping track of developments, cost of living in the various places and cost of living in M' sia is creeping up especially JB, Malacca, KL and Penang. The locals are already complaining (see this report : When even RM12,000 a month isn?t enough to get by in Malaysia). RM12,000 pm is hardly enough for a decent lifestyle.
I always feel that for men, we need to work. Work gives us purpose in life, and defines who we are. |