September 16, 2019
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 passive.
Michael is running free live webinar's each month, covering both active and passive (copy trading) FOREX trading. To view the events and register, visit:
https://www.firepodcast.ie/events
Show Notes:
To find out more about Bizintra visit and receive a call back with more information on how their free trading education works, visit:
https://bit.ly/2kfqTnI
September 6, 2019
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 effectively mortgage free.
- Start making extra repayments on your debt and track it as an investment. Effectively borrow against your investment portfolio, with a promise to pay it back, plus interest.
Show notes:
Meet up Groups coming up:
12th September - Dublin meet up group:
https://www.meetup.com/Financial-Independence-Ireland/events/263068469/
18th September - Limerick meet up group:
https://www.meetup.com/meetup-group-chEBAcCR/events/263383580/
![Ep 23: Financial Independence with Guy Davis]()
September 4, 2019
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 for it.
Guy has always had this amazing ability to put time and freedom ahead of material possessions. This hasn't stopped his doing what he loves (such as traveling), but at this same time he has this vision to life his life in a relaxed, low cost life style.
Guy is originally from Brisbane in Australia, but is currently living in Auckland, New Zealand, and has two kids aged 7 and 4. We touch on his financial education approach with his kids during the interview.
Quotes from the episode:
"When there is blood on the streets, that's when you need to be buying stocks."
"If it is truly going to be the end of the financial system, the money in the bank is probably no good to you... so you may as well put it in equities as there is a very good chance your close to a bottom."
"Financial Independence is delaying the short term gratification, knowing that your going to get a better pay off down the track."
August 30, 2019
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".
August 16, 2019
In this episode, Michael explores the concept that financial independence is as much about your mindset and enjoying the journey of financial freedom. He suggests that perhaps there is no "pot of gold at the end of the rainbow" and explains why his decision to cut down to part time work was to help enjoy the journey to financial independence.
Show Notes:
Here is a link to the Mexican Fisherman episode by Paddy Delaney which I mention in the episode:
https://www.informeddecisions.ie/podcast97-the-mexican-fisherman/
August 14, 2019
In this episode, Michael talks with Rob O'Donohue from the 1% Better Podcast. We discuss many aspects of financial independence, but the big take away from the interview is adapting your lifestyle to start living like your financially independent!
The original episode can be found on the Rob of the Green website at:
https://robofthegreen.ie/episodes/michaelhoughton-ep122
