Michael discusses financial independence in an Irish context. Join him as he shares stories of his own journey towards financial independence, interviews others on FIRE related topics and tries to work out the best path to early retirement in Ireland.
Episodes
Friday Sep 06, 2019
Friday Sep 06, 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.
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