Working my way to
Financial FREEDOM

I am a frugal Irish guy working towards financial independence through a combination of property investing, living a frugal/minimalist lifestyle, DIY and learning.

MY FINANCIAL INDEPENDENCE GOALS

Below are the six goals I started with when I began my FIRE goal in 2017. A huge part of my motivation is developing the lifestyle I want. The vision is that work becomes something I chose to do some of the time rather than something I have to do all of the time. I put a high value on my free time. I like to use it to learn new skills, be productive, travel and hang out with my friends and family. 

Pay off my Mortage

FINANCIAL GOAL 1

I am planning to be mortgage free by 2025

Grow the Gap

FINANCIAL GOAL 4

Find ways to increase my income both actively through work and passively through investments.

Add Value to my House

FINANCIAL GOAL 2

I blog about the projects I do in my house and garden to add value. (Do try this at home?)

Save a Deposit

FINANCIAL GOAL 5

Save enough money for a deposit on an investment property that will pay me passive income.

Be Minimalist & Frugal

FINANCIAL GOAL 3

Living well within my means by spending less than I earn and finding ways to save money

Make Work Optional

FINANCIAL GOAL 6

I love my jobs(s) but not everyday. I want to get to a place where I work because I really want to, not because I have to.

I now review my financial goals periodically. Some have been achieved, some changed and some have even been set aside as I gain more experience or made mistakes. Since I started this FIRE journey in 2017, I have tried to make much more concrete and measurable goals that align with the six above. 

PAYING OFF MY Mortgage Early

Over paying your mortgage is a very motivating action to take that can save you thousands in interest. When I started overpaying my first mortgage, I was on a variable rate. Because the term of the mortgage didn't change, each overpayment I made came with a letter showing a reduction in my monthly repayment. I went from paying €750 pm to under €450 pm. 

Dublin Property Paid off 49%

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