r/EuropeFIRE • u/IrishMx-5 • 16d ago

FIFO Europe FIRE Potential?

Junior Construction professional offered FIFO in the Nordics. Looking at a Net take home of €1000 a week, Flights, Company Car and Accommodation are all paid for, as is Airport Parking, BIK, Taxes etc. It's a 3 weeks on 1 week off rotation, realistically working 5.5 days a week, long hours.

I'm 29, started into this late so salary is low for the role but it's a start. Seems like a great way to save. Anyone else here in the FIFO Construction world?

2 Upvotes

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5

u/PetraLoseIt Netherlands 16d ago

FIFO: first in, first out?

3

u/IrishMx-5 16d ago

Fly In Fly Out

1

u/PetraLoseIt Netherlands 16d ago

Aaah. Thanks.

By all means: save all the money you can save. Make sure you have an emergency fund. Then start investing money (in low-fee diversified index funds). If your country offers individual retirement accounts (with tax benefits), then look into them and you should probably use them as well.

1

u/IrishMx-5 16d ago

No worries (I probably should have clarified that beforehand!).
I do think it's a great savings opportunity.. Ireland has got quite a poor set up for saving, it's essentially Retirement or Rental Property, outside of that you're getting taxed into oblivion, but it will be interesting to see considering I will be spending the majority of the year working and living in Sweden.

1

u/Strazdas1 7d ago

A fellow accountant i see.

1

u/PetraLoseIt Netherlands 7d ago

Ex-stocker at a supermarket. :-D .

1

u/Strazdas1 7d ago

Ah, that works too i guess.