The Irish FIRE Podcast
Ep 49: What’s your Edge

Ep 49: What’s your Edge

March 17, 2020

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.

Forestry Crowd's first project is now available for investment. Details on the project is available at the following link:
https://www.forestrycrowd.com/project/caherlevoy-mountcollins-limerick-forest

Michael talks about his edge that has allowed him to work 12 hours per week - he mentions that people who are on an FI journey typically find an edge that allows them either to make extra money or give themselves extra time (or both).

He reveals his own edge and how he was able to adapt to make more money from his edge.

Finally, Michael reveals a final thought on the current market crash and why it isn't always as easy to buy when there are so many great bargains out there!

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Ep 48: Investing & Money Saving Tips with Alvar Damon

Ep 48: Investing & Money Saving Tips with Alvar Damon

March 5, 2020

In this episode, Michael chats with Alvar Damon, who provides a follow up interview (Alvar originally appeared on episode 36).

Alvar lists some of the active investing and money saving tips, and also discusses how he manages time and energy.

Show Notes:

https://www.bonkers.ie/

https://www.reddit.com/r/beermoney/

https://www.joinhoney.com

Episode Sponsor - Mintos. Cash back bonus:
https://www.mintos.com/en/l/ref/MINTOSCLUB.2BBCK1

Become a member (free registration)
https://www.firepodcast.ie/register

Ep 47: Money doesn’t grow on trees, or does it?

Ep 47: Money doesn’t grow on trees, or does it?

February 17, 2020

In this episode, Michael talks about how he might just be a bad investor! In the last two years, he has been involved in so many investment scams, that he is now looking at ways to change direction when it comes to investing.

He talks about his own definition of what financial independence is for him and announces his new investment plan going forward - as well as a new business he is establishing.

Show Notes

Link to Forestry Crowd - https://www.forestrycrowd.com

Episode Sponsor - Mintos. Cash back bonus:
https://www.mintos.com/en/l/ref/MINTOSCLUB.2BBCK1

Become a member (free registration)
https://www.firepodcast.ie/register

Ep 46: Bye Bye Envestio

Ep 46: Bye Bye Envestio

February 3, 2020

In this episode, Michael shares the story of the Envestio scam, which he unfortunately got caught up in.

He also shares some feedback from the last episode, and gives his advise on how best one should plan their investment portfolio, based on his experience with Envestio.

Show Notes

Episode Sponsor - Mintos. Cash back bonus:
https://www.mintos.com/en/l/ref/MINTOSCLUB.2BBCK1

Become a member (free registration)
https://www.firepodcast.ie/register

Ep 45: The Day I lost €6,000

Ep 45: The Day I lost €6,000

January 20, 2020

In this episode, Michael shares the story of the day he lost €6,000, caused from being over leveraged in his trading account.

The story details how he reacts to some huge mistakes he made when trading the markets and the lessons that he learned from losing such a large amount of money in a short space of time.

Show Notes

Episode sponsor: Property Bridges - https://bit.ly/2v7rr4j

Become an Irish FIRE Podcast Member at - https://www.firepodcast.ie/register

Ep 44: Time VS Energy

Ep 44: Time VS Energy

January 6, 2020

In this episode, Michael explores the energy that one puts into various tasks - from work, personal projects, investing and life in general. He noticed that while he had cut down his working hours to as little as possible, he still found himself without enough time.

Michael then came to the realisation that it wasn't time he was lacking - but energy. Michael discusses the concept of how one needs to manage their energy as well as their time - as there is only so much energy we have in one day.

Michael also gives an update on how life has been going since moving down to semi retirement hours and his goal for 2020.

Show Notes

Episode Sponsor - Mintos. Cash back bonus:
https://www.mintos.com/en/l/ref/MINTOSCLUB.2BBCK1

Become a member (free registration)
https://www.firepodcast.ie/register

Ep 43: Becoming the Mexican Fisherman

Ep 43: Becoming the Mexican Fisherman

November 25, 2019

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 stage where he can step into them more and as a result, is able to cut back on his web development hours and effectively has become semi retired as a result - working around 10 hours per week.

Quotes from the Episode:

"Forever has to start one day. We are so prone to look so far into the distance, we forget we need to make the leap at some point into retirement."

"The FIRE Movement is more of a time independence movement."

Show Notes:

The Mexican Fisherman on the Informed Decisions Podcast:
https://www.informeddecisions.ie/podcast97-the-mexican-fisherman/

Recent article about Michael developing hockey clubs in Munster:
https://www.irishexaminer.com/breakingnews/sport/munster-mission-is-to-grow-hockey-based-on-irelands-success-965845.html

Episode Sponsor - Mintos. Cash back bonus:
https://www.mintos.com/en/l/ref/MINTOSCLUB.2BBCK1

Become a member (free registration)
https://www.firepodcast.ie/register

Ep 42: The Opportunist Butterfly

Ep 42: The Opportunist Butterfly

November 12, 2019

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, happened because you said yes to something. Otherwise things just sort of stay the same.”
Danny Wallace, Yes Man

“The only time you have no opportunities is when you decide to stop taking them.”
Danny Wallace, Yes Man
 

Episode Sponsor: Property Bridges.  Sign up using the following link:
https://www.propertybridges.com/signup/?ref=71e09b1

Become a member:
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Ep 41: How Not to Start a Business

Ep 41: How Not to Start a Business

November 8, 2019

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://www.mintos.com/en/l/ref/MINTOSCLUB.2BBCK1

Become a member (free registration)
https://www.firepodcast.ie/register

Ep 40: How I became Financially Independent with Robert White

Ep 40: How I became Financially Independent with Robert White

November 5, 2019

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 able to start side hustles and earn extra income. Robert gives away his secret to how he was able to launch so many side businesses so quickly.

We talk in the interview about what Robert is doing now - and how life is different to him now since he became financially independent.

Show Notes:

Money Club - Free event on the 12th of November:
https://www.eventbrite.ie/e/money-club-networking-event-in-dublin-tickets-77078839885

Robert White Facebook Page:
https://www.facebook.com/mrwwlcb

Contact Robert at:
[email protected]

Checkout FIRE Hub:
https://firehub.eu/

Facebook page:
https://www.facebook.com/firehub.eu/

Facebook Group:
https://www.facebook.com/groups/fire.europe/

Become an Irish FIRE Podcast Member at:
https://www.firepodcast.ie/register