In this episode, Michael reflects on the difference between financial independence (FI) and financial freedom through his own post-FI transition. After reaching FI in late 2024, he eased into a seasonal work schedule in 2025 and discovered that while his basic lifestyle was fully funded, larger, less-frequent expenses (big trips, renovations, car upgrades) weren’t comfortably covered. He unpacks why FI felt like a bit of a let down and shares the mindset and practical adjustments he’s making so compounding can carry him from FI toward true financial freedom.
Show Notes:
Interview with Paul Overy - Ask About Wealth:
https://www.youtube.com/watch?v=Hwo_Z_UswlI
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https://www.firepodcast.ie/newsletter
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13:17
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13:17
What Are You Grinding For?
In this episode, Michael shares the story of Anne, a woman working 65-hour weeks with a two-hour commute who came to a FIRE meet-up looking for reassurance that her grind was worth it. Instead, she walked away with a new perspective and within weeks, she handed in her notice. Anne has since transitioned into a lower-stress, family-friendly job that gave her back her time and quality of life.
Anne’s journey prompted Michael to reflect on his own. Having reached financial independence himself, Michael explains why he has chosen not to walk away from work. He discusses the benefits of public sector contracting, how flexibility and balance have transformed his relationship with work, and why sometimes continuing to work on your own terms can be more rewarding than leaving altogether.
FIRE, Michael argues, isn’t about never working again. It’s about freedom, balance, and choice. For Anne, that meant walking away. For Michael, it means staying but in a way that no longer feels like a grind.
Show Notes
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14:42
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14:42
The Freedom Before FI Interview
In this episode, Michael republishes his interview on the Freedom Before FI podcast which covers his journey to financial independence and what life looks like along the way. He shares his story of moving from New Zealand to Limerick, raising a family of five, and how he’s built up a €700k+ investment portfolio split between property and stocks. Michael also talks about lifestyle design, seasonal and part-time work, and how keeping a 75% savings rate was possible while still enjoying life.
The interview also considers the human side of FI - how financial freedom has improved family life, the way he teaches his kids about money and investing, and what purpose looks like once work is optional. Michael shares what it’s like writing for The Irish Independent, filling his days with meaningful projects, and the habits and lessons that have shaped his path. Stick around until the end for a fun quick-fire round where Michael reveals the book that changed his perspective, the small things you can do this week to start investing, and the lessons he wishes he’d known ten years ago.
Show Notes:
Here are the links to the original interview:
https://open.spotify.com/show/0XxPgEeuGayTqaEwUE19mk
See the interview on Youtube:
https://www.youtube.com/watch?v=ndeNIEUwtn0
Become an Irish FIRE newsletter subscriber:
https://www.firepodcast.ie/newsletter
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50:35
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50:35
Life Options in a Post-FI World
In this episode, Michael shares what life really looks like after reaching Financial Independence. Spoiler: it's not all hammocks and golf rounds.
From repainting rental properties and managing guilt over working less, to the emotional weight of holding a full time job post-FI, this episode explores the unexpected complexities that come once you hit your FI number - and why "freedom" sometimes brings more questions than answers.
Michael unpacks:
The emotional cost of being a “nice guy” landlord
Delegating property tasks and embracing manual labour
Feeling out of sync with the 9-5 life (even when it’s “flexible”)
The surprise guilt of working less - and still feeling overcommitted
The temptation and reality of buying a holiday home
Lessons learned from an entrepreneurial brother-in-law
Why retirement isn't the answer - and FIRE is more about framework than finality
Show Notes
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18:20
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18:20
6 Year Anniversary Special - The Community Strikes Back
In this anniversary episode, Michael invites you into the heart of the Limerick FI community, sharing real stories from local members on their own FIRE journeys. You’ll hear how the Limerick WhatsApp and Meetup groups have helped people from all walks of life openly talk about money, investing, and intentional living - free from judgment or taboos.
Show Notes
Join the Limerick FI Meet Up Group:
https://www.meetup.com/financial-independence-limerick
Subscribe to the monthly newsletter:
https://www.firepodcast.ie/newsletter
The Irish FIRE Podcast explores the journey to financial independence and early retirement from an Irish perspective. Hosted by Michael Houghton, the podcast covers practical strategies for saving, investing, and working towards financial independence. Each episode dives into topics like tax efficiency, property investment, pensions, and lifestyle optimization, all tailored to the unique challenges and opportunities in Ireland. Whether you’re just starting out or well on your FIRE journey, The Irish FIRE Podcast offers actionable insights to help you achieve your financial goals.
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