The Irish FIRE Podcast
Ep 69: What Should I Be Investing In?

Ep 69: What Should I Be Investing In?

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?

To keep up to date with Michael's journey, subscribe to the monthly newsletter at:
https://www.firepodcast.ie/members

Ep 68: Selling up and moving to the Canaries

Ep 68: Selling up and moving to the Canaries

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:
https://www.firepodcast.ie/members

Ep 67: The Irish Savers Action Group Interview

Ep 67: The Irish Savers Action Group Interview

February 20, 2021

In this episode, Michael interviews Sean and Sinead from The Irish Savers Action Group (ISAG) Interview.  They are on a mission to promote financial literacy and to push positive progressive changes in the Irish investment tax rates.

You can learn more about ISAG at the following places:

ISAG Website:
https://isag.ie

ISAG Facebook Page:
https://www.facebook.com/groups/255087048882194

Join The Irish FIRE Monthly Newsletter at:
https://www.firepodcast.ie/members

Ep 66: Passive Income - The Alternative Way to FIRE?

Ep 66: Passive Income - The Alternative Way to FIRE?

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:
https://www.firepodcast.ie/register

Ep 65: Should I set up a company for my investments?

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

Ep 64: Saying No to 50% Tax

Ep 64: Saying No to 50% Tax

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

 

Ep 63: Financial Independence with Dave G

Ep 63: Financial Independence with Dave G

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

Ep 62: Embracing Frugality

Ep 62: Embracing Frugality

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

Ep 61: Name Your Sacrifice

Ep 61: Name Your Sacrifice

September 7, 2020

In this episode, Michael discusses the sacrifices one needs to make when pursuing financial independence.  He relates it back to his own decision and mentions why he realised that his time freedom movement was taking him away from his ultimate goal of becoming FI.

Show Notes

Fire HQ - Online FIRE Event:
https://www.firehq.ie

Mad Fientist - FI Laboratory
https://lab.madfientist.com

Savings Calculator
https://calculator.me/savings

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

Ep 60: Talking Financial Independence with Ken, from the Humble Penny

Ep 60: Talking Financial Independence with Ken, from the Humble Penny

August 17, 2020

In this episode, Michael talks with Ken, who runs the blog "The Humble Penny".

Ken is based in the UK and become financially independence at aged 34.  Topics covered in the interview include:

1. How Ken and his family were able to become financially independence within 10 years, through investments, multiple cashflow streams and businesses.
2. How can you use two hours per day to create a dream life.
3. How do you keep your get up and go and learn from your mistakes?
4. How do you deal with fame and finding the courage to put yourself out there?
5. Is your house an asset?  Should you pay off your mortgage, or invest?

Show Notes

The Humble Penny - https://thehumblepenny.com

Ken's Youtube Channel - https://www.youtube.com/channel/UCkAPVmQ4JF4ZWKVazSOmGFQ

Gathering Dreams - https://gatheringdreams.com

Financial Joy Academy - https://financialjoyacademy.com

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

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