In it for the Long Haul
In the final episode of the podcast, Michael gives his final thoughts on achieving FI in Ireland. He explains that given the structure of Irish tax system, we are forced to take a longer term approach to FI and realistically early retirement in Ireland is more likely to take place when one is in their 50's. Quotes from the episode: "The FIRE movement has been a great thing to get me thinking about my retirement, however I think there is a fine line between education and obsession." "The past always feels like it was yesterday and the future always feels so far away. 10 years ago wasn't so long ago, but 10 years time feels like its a lifetime away." "There are so many great things about the FIRE movement, but at the core it is about spending less than we earn." "Financial Independence can sometimes feel like your trying to dig yourself out of a hole." "FIRE is ultimately a time freedom movement, money is simply the tool to get us there." Show Notes: View my latest portfolio update here: https://www.firepodcast.ie/june-2021-portfolio-update Join the newsletter list and lets keep in touch: https://www.firepodcast.ie/members