There's an American-based calculation for achieving financial independence. It's the "4% rule" http://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/
The idea is you calculate how much your expenses will be, and treat that number as 4% of the money you should have invested, which assumes certain growth too I think. So you put away $1m or whatever it is, and live of 4% of that yearly.
In the context of living in Ireland, how have people worked towards financial independence? What have been the most successful avenues? Running your own business and investing in houses are ideas that come to mind.
The idea is you calculate how much your expenses will be, and treat that number as 4% of the money you should have invested, which assumes certain growth too I think. So you put away $1m or whatever it is, and live of 4% of that yearly.
In the context of living in Ireland, how have people worked towards financial independence? What have been the most successful avenues? Running your own business and investing in houses are ideas that come to mind.