Irish Financial Independence & Personal Finance Podcast

The Three Phases of FI

Monday 14th February 2022

In this episode Michael discusses the three phases for FI.  Michael shares how he is currently at a full throttle FIRE stage, where he is looking to maximise his income potential.

He mentions that working hard for a full months can be worth it, if it helps you move along quickly in your FI journey, or helps to secure another significant asset, such as an investment property.

He mentions concept of the semi-retirement phase, where we look to cut back on making portfolio contributions and enjoy more time freedom.  He mentions the concept of Flamingo FIRE.

He also discusses strategies in relation to inflation, and strategies to help dealing with high inflation.

Show Notes

CPI Calculation:

https://www.cso.ie/en/interactivezone/visualisationtools/cpiinflationcalculator

Flamingo FIRE:

https://www.moneyflamingo.com

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