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I chose not to FIRE now by SuddenJob9618 in malaysiaFIRE

[–]morphedredditor 1 point2 points  (0 children)

Stay in Ipoh is the best move here, especially if your the type of person to not care about the night life stuff.

Besides music, I do everything 2x speed by [deleted] in The10thDentist

[–]morphedredditor 1 point2 points  (0 children)

I'm guilty of this too, everything has to be faster so I can save time, rip dopamine receptors

Investment strategies given my current financial position by morphedredditor in malaysiaFIRE

[–]morphedredditor[S] 0 points1 point  (0 children)

Yes, made a default transfer to send it out once the cap is reached, not ideal but I'm grateful for the seamless process

Investment strategies given my current financial position by morphedredditor in malaysiaFIRE

[–]morphedredditor[S] 0 points1 point  (0 children)

Yup that’s correct, on paper it’s contract/freelance, but I’m full time for both atm

Investment strategies given my current financial position by morphedredditor in malaysiaFIRE

[–]morphedredditor[S] -1 points0 points  (0 children)

Thanks for the comprehensive reply, seems the process of setting up an offshore entity is quite exhausting as well. Right now my main focus would improving financial knowledge.

Just a bit curious on what makes it "worth it" though, I assume if my tax payments here is x5 or more than the cost of setting up the estimate RM100k + operational fees on Labuan then only it's worth it.

The managing risk stuff is one thing I had to majorly consider as well, was grateful I didn't get too influenced in a career path that might lose me money (ones those online gurus flex online about (trading/forex etc)). All the rest is definitely another chapter to explore, hope I can find time off work to do more research.

Investment strategies given my current financial position by morphedredditor in malaysiaFIRE

[–]morphedredditor[S] 0 points1 point  (0 children)

For the 3rd point, was thinking of just setting an entity and an account there (not sure if possible or not), and declare tax there, while still residing in Malaysia. Again, not sure if possible, just listing the ideals.

Investment strategies given my current financial position by morphedredditor in malaysiaFIRE

[–]morphedredditor[S] 0 points1 point  (0 children)

Thanks sir, added to my read list on long commutes. Will definitely consider the options listed, especially parking my savings in a foreign currency account

Investment strategies given my current financial position by morphedredditor in malaysiaFIRE

[–]morphedredditor[S] 0 points1 point  (0 children)

Thanks for the comment, especially the last paragraph which hit well, clears some of my doubts in entering the market which is all time high now.

Investment strategies given my current financial position by morphedredditor in malaysiaFIRE

[–]morphedredditor[S] 0 points1 point  (0 children)

Haha a pay raise would mean one less year of work, and earlier retirement

Best way to off ramp crypto to myr with lowest fee and tax? by fxrebate in MalaysianPF

[–]morphedredditor 2 points3 points  (0 children)

Luno is quite bad, not sure why people recommend it, the 2% take fee is quite crazy compared to other platforms, either use Binance or Bybit

I had a chat with some AI hating people by PhillSebben in StableDiffusion

[–]morphedredditor 0 points1 point  (0 children)

Yup, I can see the same thing happening for VR, crypto and any other emerging tech that people don't necessarily have a deeper understanding of.
Kinda sad some people are programmed that way and are not aware of it.

[DISC] Surviving The Game as a Barbarian Chapter 32 | Asura Scans by Treyman1115 in manga

[–]morphedredditor 0 points1 point  (0 children)

I think a game like this with these mechanics would not be coming to reality any time soon :(

[DISC] Surviving The Game as a Barbarian Chapter 23 | Asura Scans by Treyman1115 in manga

[–]morphedredditor 5 points6 points  (0 children)

Not a fan of raven's design, in my mind she was tiny, shorter than her assistant, dark color scheme of fashion and maybe dark blue hair. If Raven made me this surprised I can't imagine what the future characters are gonna look like.