Comments on: Potential shortcuts to financial independence https://mrsmoneyhacker.com/shortcuts-to-financial-independence/ Helping people view money differently while chronicling my own path to financial independence in Ireland and Canada Fri, 08 Jan 2021 11:04:15 +0000 hourly 1 https://wordpress.org/?v=6.9 By: Meagan https://mrsmoneyhacker.com/shortcuts-to-financial-independence/#comment-539 Fri, 08 Jan 2021 11:04:15 +0000 https://mrsmoneyhacker.com/?p=588#comment-539 In reply to Jeff.

Hi Jeff, thanks for that! Would you believe my Dad in Canada actually told me about that site a while ago? It seems most of those are fixer-uppers which I am not in the market for. I’m more interested in what you could buy that’s move-in ready with a decent BER rating. I definitely suffered from analysis paralysis but think I’ve gotten off the fence now and am focusing on paying off our mortgage and will then invest in ETFs. We still daydream and go down random rabbit holes when looking at other options but at least are working towards something and should we change direction at some stage, so be it.

]]> By: Jeff https://mrsmoneyhacker.com/shortcuts-to-financial-independence/#comment-538 Fri, 08 Jan 2021 04:33:18 +0000 https://mrsmoneyhacker.com/?p=588#comment-538 Dear Meagan
Have you looked at the Cheap Irish Houses website and Instagram page? Maggie from Co. Tipp does all the ‘hard yards’ finding properties < €100k. She also offers a €5 monthly subscription. Best of luck in your FIRE journey. Avoid analysis paralysis and jump in.
Jeff

]]> By: Working towards financial independence with a partner who spends more than you | Mrs. Money Hacker https://mrsmoneyhacker.com/shortcuts-to-financial-independence/#comment-101 Mon, 04 May 2020 20:57:14 +0000 https://mrsmoneyhacker.com/?p=588#comment-101 […] did a lot of analysis, looking at all conceivable options to reach financial independence as soon as possible. At the beginning, the analysis included a […]

]]> By: Meagan https://mrsmoneyhacker.com/shortcuts-to-financial-independence/#comment-18 Thu, 12 Dec 2019 11:04:07 +0000 https://mrsmoneyhacker.com/?p=588#comment-18 In reply to Thomas.

Thank you 🙂 In order to have 50k net income, you’d need to both be earning 30k just to cover your expenses (so 60k total). If you’re saving towards FI you’d want to be earning 60k each or more (or some split of that) so that you’d be able to save the other income – though the income tax is higher then so earning 120k total nets you 83k meaning you’d have 33k to invest rather than an additional 50k. Here is the calculator I use if you want to play around with some other scenarios https://download.pwc.com/ie/budget-2020/income-tax-calculator.html. Any other questions give me a shout 🙂

]]> By: Thomas https://mrsmoneyhacker.com/shortcuts-to-financial-independence/#comment-17 Thu, 12 Dec 2019 10:16:01 +0000 https://mrsmoneyhacker.com/?p=588#comment-17 Super breakdown of FI options.
Really useful to open the mind.
Thank you for sharing
In the base case “Both work to full FI” with 50k expense, what is the net income after tax in Ireland?

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