The Irish FIRE Podcast
Ep 54: Realisations of 2020

Ep 54: Realisations of 2020

May 25, 2020

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 Crowd:
https://www.forestrycrowd.com

Mortgage Broker - Get in touch with Hugh
First Choice Financial Services
https://www.fcfs.ie/team/hugh-mulcahy

To become a Irish FIRE Member:
https://www.firepodcast.ie/register

Ep 53: Talking Bitcoin with Andy Edstrom

Ep 53: Talking Bitcoin with Andy Edstrom

May 11, 2020

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 classes.
- How Bitcoin can be a real life currency.
- Why invest in Bitcoin

Apologies for the sound quality of Michael's microphone in this episode!

Show Notes

Ray Delio - How the Economic Machine Works
https://www.youtube.com/watch?v=PHe0bXAIuk0

Square Cash App
https://cash.app

Buy Andrew's Book:
https://www.amazon.co.uk/Why-Buy-Bitcoin-Investing-Tomorrow/dp/1733219609

Swan Bitcoin
https://www.swanbitcoin.com

Get in Touch with Andy:

Twitter:
https://twitter.com/edstromandrew

Website:
http://www.andyedstrom.com

Ep 52: Life After Rugby - The Jamie Heaslip Interview

Ep 52: Life After Rugby - The Jamie Heaslip Interview

April 28, 2020

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 to create wealth, through investing in assets

We talk about how Jamie is dealing with the COVID 19 crisis, based on how he dealt with the highs and lows on the rugby field.

We talk about the process of beating the All Blacks in 2016 - and how the Irish were able to work backwards to work out a plan to beat the All Blacks.

We talk about what success means to Jamie and how he goes about the process of achieving success.

We talk about his involvement with Flender and how he sees the future of the P2P Industry in Ireland and the future of Flender.

Quotes from the episode:

"To create financial wealth, you need to own something"

"Don't stick your head in the sand.... address things straight on."

"Hard work beats talent a lot of the times"

"People are very quick to pass over wins.... you need to get comfortable not being able to control everything"

Follow Jamie on social media:

https://twitter.com/jamieheaslip
https://www.instagram.com/jamieheaslip

Sign up to Flender & Get behind Irish Business:
https://bit.ly/2xgAVeR

Ep 51: Investing During a Downturn

Ep 51: Investing During a Downturn

April 14, 2020

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 Platforms:

Flender
https://www.linkedfinance.com
https://www.propertybridges.com

JL Collins - A Simple Path to Wealth
https://www.amazon.co.uk/Simple-Path-Wealth-financial-independence/dp/1533667926

Ep 50: What is Money Anyway?

Ep 50: What is Money Anyway?

March 31, 2020

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 leverage debt and is actively looking for new deals to generate income by leveraging debt, particularly with his new venture Forestry Crowd.

Show Notes:

How the Economic Machine Works - Ray Dalio
https://www.youtube.com/watch?v=PHe0bXAIuk0

The History of Money:
https://www.youtube.com/watch?v=2nBPN-MKefA

Interested in learning about Forestry Crowd, visit:
https://www.forestrycrowd.com

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.

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!

Become a FIRE podcast member for free at:
https://www.firepodcast.ie

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

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