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In the first episode of 2021, Michael announces that the format of the show for 2021 will change slightly. Michael will answer questions he gets on financial independence from listeners this year - typically answering two or three questions per episode.Michael gives a quick update on his own financial journey, before answering the following questio…
 
In this episode, Michael discusses the strategies he has adopted to reduce his tax bill. He explains how he is able to reduce his actual effective personal tax rate to less than 9% living in Ireland (a high tax country). He also gives an update on his investment portfolio as at December 2020. Show Notes:Become an Irish FIRE Member at:https://www.fi…
 
Michael interviews Dave G, a co-host of the Limerick FI meet up group.Dave is based in Newcastle West, in Co. Limerick. Dave is originally from the UK and is a PAYE earner. He has a unique FIRE journey is looking to become FI through real estate investing.During the interview, we talk mindset, investing and how Dave keeps motivated on this FIRE jou…
 
In this episode, Michael mentions how his family embraced frugality and how they were able to reduce their expenses by a significant amount.He gives specific examples and leaves the episode with a challenge for you to take with you on how you can start embracing frugality.Show Notes:Buy a ticket for Fire HQ - www.firehq.iePete Adeney (Mr. Money Mus…
 
In this episode, Michael discusses the sacrifices one needs to make when pursuing financial independence. He relates it back to his own decision and mentions why he realised that his time freedom movement was taking him away from his ultimate goal of becoming FI.Show NotesFire HQ - Online FIRE Event:https://www.firehq.ieMad Fientist - FI Laboratory…
 
In this episode, Michael talks with Ken, who runs the blog "The Humble Penny".Ken is based in the UK and become financially independence at aged 34. Topics covered in the interview include:1. How Ken and his family were able to become financially independence within 10 years, through investments, multiple cashflow streams and businesses.2. How can …
 
In this episode, Michael provides specific details about how he was able to put a deal together to use equity from his home to purchase an investment property in Ireland.Show Notes:The Mortgage Broker: Hugh Mulcahy - https://www.fcfs.ie/team/hugh-mulcahy/ Become an Irish FIRE Podcast member at:https://www.firepodcast.ie/register…
 
In this episode, Michael talks with Gavin J Gallagher about property. Gavin owns and operates the East Point Business Park in Dublin, but has also worked on hundreds of property deals over the last 25 years.Quotes from the Episode:"If you go into it blind, you can lose your shirt in this [property] business"... "I wouldn't rush into this with your …
 
In this episode, Michael shares his recent experiences (in story telling format) of some of his failed investments and ventures and the outcomes and downsides from dealing with the consequences. He explains how he over-engineered financial independence and how while he initially freed up time by working part time, that free time was quickly taken a…
 
WHY YOU SHOULD LISTEN: You need this episode if you’ve ever laid awake at night imaging the worst things that could happen to the team in your care. You need this if you’ve questioned how you might handle adversity in the moment as well as how you’d continue to coach your team through trials with their teammates. You need to listen if you’re search…
 
In this episode, Michael reflects on how financial independence ties into success and how wealth is only 25% of deemed success. Michael discusses why one needs to target all four pillars of success to find true happiness and reflects on his own story about how he is applying the four pillars.Show Notes:For more information about the Love Trees Co-O…
 
WHY YOU SHOULD LISTEN: You need this episode if you’ve ever felt overwhelmed by situations going on inside your heart that you’re trying to balance with the things going on around you. You need this if you’ve ever felt down on yourself despite knowing you are meant for more than the status quo. You need to listen if you’re asking yourself, “What’s …
 
In this special first anniversary episode, Michael talks with Alan Donegan, a 41 year old entrepreneur from the UK, who became financially independent 18 months ago. Alan runs the Pop Up Business School and has helped teach thousands of people how to get started in the business world. This is a raw, honest interview with Alan, where he explains how…
 
In this episode, Michael reveals his realisations of 2020 and the changes he has made in response to learning from COVID 19. Apologies again for the sound quality on this episode, will have it fixed for the next episode. Show Notes: Open an account with Coinbase and get a €9 bonus:https://www.coinbase.com/join/hought_o2 Latest Update on Forestry Cr…
 
In this episode, Michael talks with Andy Edstrom, who is an expert on everything Bitcoin. He is a been a financial adviser for 7 years and was working in investors before then. We talk: - What its like to work on wall street. - Wolfe of Wall Street! - How a financial adviser turned to Bitcoin! - The advantages that Bitcoin has over other asset clas…
 
In this episode, Michael talks with former Irish Rugby International Jamie Heaslip. Jamie provides insights into what hes doing after rugby, but we also talk about the processing of success when playing rugby. Jamie talks about how he manages his investments, knowing that his rugby career was going to finish in his 30s. He talks about how he looks …
 
In this episode Michael talks about how he is investing during a downturn. He talks about some of the mistakes he has made and how he is looking to invest going forward. He also gives an update on what happens in Grupeer and how he is thinking about managing his P2P portfolio moving forward. Show Notes FIRE Dating: https://firedating.me Irish P2P P…
 
In this episode, Michael looks into the history of money and how the economy works. Mentions in the episode:- Coming off the gold standard- Fractional banking system- Understanding why central banks are printing money- Understanding that most of the money in our society is actually debt, not physical cash. He talks about how he is trying to leverag…
 
In this episode, Michael gives an update on life in Ireland since the Coronavirus outbreak. He mentions how he is taking new opportunities with the change of market conditions and what changes he has made since the Coronavirus. Michael talks about his edge that has allowed him to work 12 hours per week - he mentions that people who are on an FI jou…
 
Michael makes a big announcement in this episode. Michael has made the decision to start living in a "semi-retired" status. He talks about how the story of "The Mexican Fisherman" inspired him to work towards reducing his working hours as much as possible. Michael talks about how a couple of his projects which he has been working on are now at a st…
 
In this episode, Michael explores what can happen when you start to take opportunities, and the long term impact that that has when you start to take opportunities. He gives examples from his own hockey coaching business, as well as other examples. Quotes from the episode:“Probably some of the best things that have ever happened to you in life, hap…
 
In this episode, Michael lists the common errors he sees when it comes to starting a business. He lists some of the common errors, and then gives his advise on how to start a business quickly and more effectively. He gives his own examples of how he has been able to start projects quickly. Show Notes Episode Sponsor - Mintos. Cash back bonus:https:…
 
In this episode, Michael talks with Robert White. Robert is in his 30's and he and his wife Emma became financially independence in 2015. Robert is from Romania originally, but worked in Germany for a few years on his path to FI. In the interview, we talk about how Robert & Emma were able to become financially independent, we talk about how he was …
 
In this episode, Michael talks with Meagan from Mrs Money Hacker. Meagan covers loads of great information, including: - Her own background and how she is potentially 5 years away from FI. - How her family is dealing with FI with a new baby and how she is reducing her expenses with a family. - The environment and FI. How Meagan tries to reduce her …
 
In this episode, Michael provides feedback from what he learnt at the Madrid FIRE 2019 conference. Quotes from the episode: "Financial Independence isn't about money. Money is a tool to give you freedom with your time." "Financial Independence is about spending all your money!" "The best thing I can be doing for my kids, is not leaving them my mone…
 
In this episode, Michael talks to Alvar Damen. Alvar is a co host of the Financial Independence Europe podcast, is 26 years old and originally from The Netherlands, currently living in Scotland. Alvar talks about how he is trying to archive FI as an employee. He talks about some travel hacks that he has and touches on how important side projects ar…
 
In this episode, Michael lists the three potential paths to financial independence in Ireland. He explores a new path which he hasn't considered before, after talking to a person at the Limerick FI Meet Up who had recently retired by pursuing this method. Show Notes The Money Mindset November Webinar:https://www.firepodcast.ie/event/money-mindset-n…
 
In this episode, Michael talks with David Jelly from Property Bridges. David founded Property Bridges in 2018 and has seen it grow to over 2,000 investors. David shares his knowledge of the peer to peer lending space - both in Ireland and within Europe. David also shares about an exciting development that Property Bridges is working on - which will…
 
In this episode, Michael explores the idea that happiness and financial independence is a trade off. He challenges the listener to start living their life as if they were retired, and to start doing the things that they want to do now - rather than waiting until retirement. Show Notes: Mad Fientist Article:https://www.madfientist.com/best-and-worst…
 
In this episode, Michael explores a concept known as cruise FI - where you focus your energy on building a large pension pot which you can then access in retirement. Once you have that retirement saving, you can then relax, knowing that you have the large pension available. Michael crunches the numbers when it comes to putting €500 per month into a…
 
In this episode Michael lists the 7 steps that he followed when he started pursuing financial independence. Michael tackles the "how" to FI, and gives practical steps for you to get started on your own FI journey. Show Notes: Rich Dad Poor Dad:https://amzn.to/2mEsgxG A Simple Path to Wealth:https://amzn.to/2nsaKwX Money Master the Game:https://amzn…
 
In this episode, Michael talks to Aoife Gaffney, AKA Prudence Money Penny. Aoife is a Certified Behavioural Money Coach (CMC), Accredited Business All Stars Thought Leader, professional speaker and writer and former financial adviser. Michael interviews Aoife about a person's relationship with money, how you can improve your view point with money a…
 
In this episode, Michael explores the different tax rules around investments in Ireland and explain why he invests in certain assets based on the tax rates. He explains that tax rates are all about incentives and explores the good and bad investments based on tax rates. He highlights three investment tools that are tax efficient - pensions, capital…
 
In this episode, Michael explores the idea of building potential income streams, in the hope that if one of them takes off, the upside payoff will give unlimited potential. He talks about why he made the decision to work part time - in the hope of using more of his time to work on various projects which might have a bigger upside in the long run. M…
 
In this episode, Michael shares how he uses credit cards to manage his daily cash flow. He gives a history of how he found himself in €30,000 in credit card debt 12 years ago and what he learned from that experience. Today, Michael uses two credit cards to pay for his day to day expenses. He discusses how this strategy can be useful to improve cash…
 
In this episode, Michael shares some of his knowledge on the FOREX trading industry. He looks at various options around active and passive FOREX trading. Active trading is where you are in control over the trades that you carry out. Passive trading is where another trader trades on your behalf. Once the account is set up, the trading is fully passi…
 
In this episode, Michael talks to Ralph Benson from Moneycube. Ralph is on a mission to add more transparency to pensions and investment products. Pensions are a fantastic way to invest in an extremely tax efficient manner. For many in Ireland, especially those who are PAYE earners, a Pension is the most tax efficient route to invest. Ralph is look…
 
In this episode, Michael tackles the question of should you focus of paying debt (or your mortgage) quicker by making extra repayments, or should you invest. He looks at different options, such as:- Clearing off high interest debt.- Invest in cash producing assets. Once the cash flow from the investments pays for your mortgage, you will be effectiv…
 
In this episode, Michael talks with Guy Davis. Guy is a long time friend who Michael meet back to 2004. Guy started his financial Independence journey when he was 18 (he is in his mid 30's now.) What makes his story special, is that he began investing before the 2008 financial crisis, so has survived a recession and came out the other side better f…
 
In this episode Michael discusses the trap between time and money. He mentions that there is no magic number and that what we are ultimately looking for when we aim for financial Independence, is time freedom. He mentions to start micro managing your FI journey and focus on yearly goals, rather than focusing on the final "big number".…
 
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