The Element of Luck
In this episode, Michael discusses one of the hidden secrets of the FIRE movement - the element of luck, or chance! Luck (both good and bad) plays a huge role in one's ability to hit FIRE and is often underrated. Michael gives examples of those in the FIRE community that have experienced good luck on their journey, as well as giving examples of his own good luck from the last 5 years.Show Notes:March blog update:https://www.firepodcast.ie/march-2023-portfolio-updateExample of typical Market Watch article with an early retiree who was nothing but lucky(in this case, they borrowed significant money from his in-laws)https://www.businessinsider.com/real-estate-investing-passive-income-teacher-retires-early-2021-2Subscribe to the newsletter:https://www.firepodcast.ie/newsletter