Our Financial Journey Begins!


Greetings, I am Gatsby, Master of Coin (if you know, you know ;p), reporting for my first post here.

In 2020, we'll be starting our financial journey, which will be updated on a monthly basis. As a FIRE (Financial Independence, Retire Early) die-hard fan, I couldn't emphasize more on the importance of Emergency Savings or Rainy Days fund, you name it. Asalkan duit tu guna untuk kecemasan nanti lah senang cerita. That's the first baby step in pursuing the FIRE path.

For starters, one month worth of salary is recommended for beginner like us to reach for Emergency Fund. A quick google search later, we found out that the minimum wage in Malaysia is RM 1100.00, and in my personal opinion that it is not over ambitious for us to achieve that. We'll start slow, and allocate 10% of our Income into the Fund. Rome wasn't built in a day kan, consistency is the key here and we believe we will reach that goal.

Emergency Fund

As of 1st January 2020, 

  • Gatsby's Emergency Fund value stands at RM 664.96. 
  • Daisy's Emergency Fund starts fresh with a value of RM 0.00. 
2020 will be the year Daisy will start to contribute to her Emergency Fund, after I have successfully convinced her to set one. That's a big yay for us, although it's still a long way to go. 10,000 miles begin with a single step. 

Master of Coins, 
Gatsby







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