Ask About Wealth How to F.I.R.E - Financial Independence Retire Early
In this episode of Ask About Wealth, Paul tackles one of the most misunderstood yet life-changing ideas in finance: the FIRE movement, Financial Independence, Retire Early. With just 3% of Irish people believing they can retire by 55, Paul explores why the majority are stuck in the rat race and how you can break free.
Learn how to calculate your financial freedom number, avoid the traps set by biased financial advice, and understand the real impact of tax and fees on your wealth. This episode offers a clear, actionable roadmap to becoming financially free, even if you’re starting late.
Key Takeaways:
- The 5 essential questions you must answer to calculate your “freedom number”
- How tax and fees silently erode your wealth, and how to stop it
- Why investing through a pension can double your return vs. doing it personally
- How starting early (like Alex) can shave 10+ years off your working life
- Why most financial advice is biased, and what impartial advice really looks like
You can use the Financial Freedom calculator here:
https://askaboutwealth.ie/tools/financial-freedom-calculator
Join The Masterclass:
https://askaboutwealth.ie/MasteringYourFinances
Ask About Wealth helps Ireland’s high earners preserve and grow wealth:
https://linktr.ee/askaboutwealth
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