SharkPod #47 "FIRE - Become Financially Independent and Retire in 6 Years" -With Irish FIRE Podcast Host - Michael Houghton
What is up SharkNation!
This podcast is dedicated to all the listeners out there who are trying to design a life they love. For those who wish to take back the power and self-determine of their future.
We are told we need to work until we are 65 and that our reward will be a financial freedom for a few years before the twilight of our lives kicks in.
What if you could retire in 5-10 years, no matter how old you are now?
What if you had a plan to escape the 9-5 as soon as possible and start living your life on your own terms?
The FIRE (Financial Freedom, Retire Early) movement may be what you have been looking for.
Michael is on a mission to retire 5 years 10 months from now, at the ripe old age for 43. You can do this too.
In the podcast we cover:
1. FIRE - What is it?
2. How to build a strategy for early retirement and how anyone can do it.
3. The power of having a plan and reasons why society is set up to ensure you need to work until your 60s.
4. Pensions in Ireland and how to build a pot of tax deferred money you can access as early as when you are 50.
5. Simple steps to get started on your Financial Freedom journey
After the show Luke used this calculator (https://playingwithfire.co/retirementcalculator/) to figure out when he can retire. He is aiming for 41 years old. You should use this calculator this too...
If you feel like supporting the podcast and like audio books, sign up for your free Audible account below!
Audible link here:https://www.amazon.co.uk/Audible-Free-Trial-Digital-Membership/dp/B00OPA2XFG?tag=sharkpod-21.
If you would like to hear more from Michael you should listen to his podcast "The Irish FIRE Podcast" Link below.
(https://open.spotify.com/show/1aEfstr3BcC3Q1IITvtyxq?si=y3OgrMWjRU2_lW-slinmmQ)
For feedback you can reach us on: Luke@shark.ie
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