In this episode, Michael discusses the great myth or lie about the FIRE movement, the notion of early retirement. He mentions that most people that achieve FIRE don't actually retire in the traditional sense and continue bringing in some form of income.
While they might retire from the traditional corporate world, chances are income will still come in one way or another, so we should plan for this when looking at our own early retirement planning.
Show Notes
Living a FI:
https://livingafi.com/2021/03/17/the-2021-early-retirement-update
Mr Money Mustache:
https://www.mrmoneymustache.com/2012/05/14/first-retire-then-get-rich
Madfientist
https://www.madfientist.com/third-year-of-freedom
Mr Money Mustache - Definition of Retired:
https://www.mrmoneymustache.com/2013/02/13/mr-money-mustache-vs-the-internet-retirement-police
1500 Days
https://www.1500days.com/thankful-to-be-thankful
Choose FI Quote:
https://money.com/married-couple-fire-million-financially-independent
Savoteur
https://savoteur.com/are-fire-bloggers-truly-chasing-fire
Money Flamingo
https://www.moneyflamingo.com/the-retirement-lie
Follow my FI Progress:
https://www.firepodcast.ie/newsletter
The Barista FIRE Approach
What Should I Be Investing In?
Selling up and moving to the Canaries
The Irish Savers Action Group Interview
Passive Income - The Alternative Way to FIRE?
Should I set up a company for my investments?
Saying No to 50% Tax
Financial Independence with Dave G
Embracing Frugality
Name Your Sacrifice
Talking Financial Independence with Ken, from the Humble Penny
Buying an Investment Property with No Deposit
Talking Property with Gavin J Gallagher
The Realities of Dealing with Bad Investments
The Four Pillars of Success
Talking Financial Independence with Alan Donegan
Realisations of 2020
Life After Rugby - The Jamie Heaslip Interview
Investing During a Downturn
What is Money Anyway?
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