Michael Houghton: ‘One of the real joys of becoming financially secure is reaching a point where payday no longer defines your month’

Combining an increased savings rate with the power of compound interest will accelerate your path to financial freedom

Living from payday to payday leads to higher levels of anxiety. Photo: Getty

Back in 2019, I launched a podcast and blog that chronicled our family’s journey to financial independence (FI). Each month, we tracked our progress and shared updates, providing a transparent window into the ups and downs of our path.

Looking back now, it makes for fascinating reading. It took us three years to build our freedom fund to €100,000, yet in our final year, our portfolio grew by an incredible €200,000.

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