8 Years Later: The FIRE Mistakes That Shaped My Journey

In this episode, Michael shares the full story of his journey to financial independence - from moving to Ireland from New Zealand in 2011, to building a life with more freedom, less money stress, and far more intention around how he lives. What started as a normal middle-class life of earning and spending gradually changed after meeting a friend living a very different kind of life - one built around time freedom rather than consumerism. That experience opened his eyes to the FIRE movement and set him on a very different path over the next 8 years. Michael talks about the mistakes he made early on, from poor pension decisions to chasing high returns through unregulated investments that ultimately cost him time, money, and peace of mind. Looking back, one of the biggest lessons was that investing does not need to be exciting to work. The more he chased shortcuts, the more complicated things became. Real progress came when he focused on the basics: tracking spending, saving consistently, automating where possible, thinking long term, and keeping investing simple. He also reflects on what life looks like today, how money stress affected relationships in the early years, and how even reaching the first stages of financial independence can transform your life long before retirement. This conversation covers the hard lessons, the funny stories, the mindset shifts, and the practical habits that shaped his journey. If you’re new to The Irish FIRE Podcast, this is the perfect place to start. Show Notes: Money Bootcamp with Justin: Get the monthly newsletter with updates on Michael's FIRE journey: This episode has been sponsored by KennCo Insurance . KennCo Underwriting Ltd T/A KennCo Insurance is regulated by The Central Bank of Ireland.

You can listen to 8 Years Later: The FIRE Mistakes That Shaped My Journey online on Radio and Podcast. Open the player on this page to stream the available audio.

8 Years Later: The FIRE Mistakes That Shaped My Journey is an episode from The Irish FIRE Podcast by Michael Houghton.

This episode is 41:49 long.

This episode was published on Mar 30, 2026.

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