May 25, 2021
In this episode, Michael discusses The Barista FIRE Approach - the concept of building a small portfolio and letting compounding grow the portfolio while not withdrawing from the portfolio until when you retire.
Barista FIRE is a great approach to FIRE in Ireland, as its an extremely tax efficient way to approach early retirement, and still allows for an early retirement age of 55.
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April 16, 2021
In this episode, Michael discusses the options around what he invests in 2021 and provides an update on how his investments has changed over the last 3 years.
He answers questions such as:
- Do I still invest in Peer to Peer Lending?
- What is the best way to save for my children's college fund?
- What is the most tax efficient way to invest as a sole trader?
- Why do I say that Cryptocurrency looks like a better investment than ETFs in Ireland?
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March 24, 2021
In this episode, Michael answers a question from Sinead, who has recently sold up her property in Ireland and has moved to the Canaries.
Michael works through the numbers, to see if it is possible for Sinead to be financially independent within 5 years.
To keep up to date with Michael's journey, subscribe to the monthly newsletter at:
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January 28, 2021
In this episode, Michael explores an alternative way to becoming financially independent - by building passive income streams.
Michael defines passive income as any income that isn't generated directly to your time (e.g. selling your time for money).
Michael compares some recent passive income that he has started to generate for himself against a traditional FIRE portfolio, to show how passive income can play a vital part towards your FI journey.
Show Notes:
Things mentioned on the show:
Wholesale Directory Website:
https://www.wholesaledirectory.ie
Choose FI - Interview with Mad Fientist:
https://www.choosefi.com/mad-fientist-ep-288
To member a FIRE Podcast member for free (and subscribe to the newsletter), visit:
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![Ep 65: Should I set up a company for my investments?]()
January 16, 2021
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 questions in this episode:
1. Should I set up a company to use as a vehicle for my investments?
2. Should I fear market crashes?
3. When it comes to calculating your FI number, how do I handle extra expenses in the future? Does this just mean that FI is pushed out further down the track, or is there another way of dealing with this?
Email me your FIRE questions to [email protected].
Show Notes:
Take a look at the "Irish Savers Action Group" - who are actively talking to TDs to change and encourage tax incentives on savings and investments:
https://www.facebook.com/groups/255087048882194
Become an Irish FIRE Member at:
https://www.firepodcast.ie
December 7, 2020
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.firepodcast.ie
November 6, 2020
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 journey.
Show Notes:
Check out Dave's website at:
https://www.firedave.com
Dave and I both took part in the FIRE HQ event:
https://www.firehq.ie
Limerick FI Meet Up Group
https://www.meetup.com/financial-indepdence-limerick
Be sure to visit:
https://www.firepodcast.ie
October 22, 2020
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.ie
Pete Adeney (Mr. Money Mustache) - Full Talk at WDS 2016
https://www.youtube.com/watch?v=8BDWih309wc
Become an Irish FIRE Podcast member at:
https://www.firepodcast.ie/register
