The Irish FIRE Podcast
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:
https://www.firepodcast.ie/register

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

Ep 39: Robert Kiyosaki VS Financial Independence

Ep 39: Robert Kiyosaki VS Financial Independence

November 1, 2019

In this episode Michael looks at some of the lessons that Robert Kiyosaki teaches and compares them against the FI movement.

For example, Robert says:

"Saving is for losers."
"The sharemarket is nothing but a ponzi scheme."
"Debt is good if its good debt."

Michael explores this against what others in the FI community say, and then gives his own story about what he is trying to do based on Robert Kiyosaki's advise.

Show Notes:

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

Money Mindset event:
https://www.firepodcast.ie/event/money-mindset-november-2019

Link to purchase Rich Dad Poor Dad:
https://amzn.to/3225dLK

Link to updated portfolio:
https://www.firepodcast.ie/portfolio

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 38: Financial Independence with Mrs Money Hacker

Ep 38: Financial Independence with Mrs Money Hacker

October 30, 2019

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 carbon footprint while saving money!
- Being an employee VS being a contractor - and the advantages and disadvantages of both.

Show Notes:

Meagan's Blog:
https://mrsmoneyhacker.com/

Cork FI Meet up:
https://www.meetup.com/Financial-Independence-Ireland-Cork

Quit like a Millionaire Book:
https://amzn.to/2PzeWXk

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

Events:
https://www.firepodcast.ie/events

Ep 37: What I learnt from the Madrid FIRE 2019 Conference

Ep 37: What I learnt from the Madrid FIRE 2019 Conference

October 25, 2019

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 money... but teaching them how to become financially independent."

Show Notes:

Money Mindset Webinar:
https://www.firepodcast.ie/event/money-mindset-november-2019

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

Ep 36: Financial Independence as an employee, with Alvar Damen

Ep 36: Financial Independence as an employee, with Alvar Damen

October 22, 2019

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 are for him. He gives some examples of various side hustles that one could start.

He also talks about his FI number and the types of investments he has and how him and his girlfriend work together on their FI journey.

Show Notes:

Mad Fientist Spreadhsheet:
https://www.madfientist.com/financial-independence-spreadsheet/

MMM - Spreadsheet to rule them all:
https://docs.google.com/spreadsheets/d/1T6RgJnzZo1bdGHA0a5JBQqqSSEPX2xDrCT5zioWr9z8/edit

Getting in touch with Alvar at FI Europe Podcast:
Website: https://financial-independence.eu/
Facebook Page: https://www.facebook.com/financialindependenceeurope/
Facebook Group: https://www.facebook.com/groups/financialindependenceeurope/?ref=FIeuropetopnav
Twitter: https://twitter.com/fieurope
Instagram: https://www.instagram.com/fieurope

Events:
https://www.firepodcast.ie/events