The Irish FIRE Podcast

In this episode, Michael talks to Stephen about travel and FIRE.  Stephen is originally from Ireland but has spent time in Canada as well as countries all over the world.  Stephen spent 6 and a half years back packing around the world, while saving for FIRE.  Stephen works in hospitality, picking up jobs as he travels, traveling on a budget and saving for FI at the same time.

These days, Stephen is semi FI and he talks with Michael about how he built this lifestyle, how he will adapt with children, offers travel advise and how he defines his FIRE lifestyle.

Show Notes:

Follow Stephen at:

https://www.youtube.com/@outoftheboxtraveler

https://www.instagram.com/outoftheboxtraveler

JL Collins new book:
https://www.amazon.co.uk/Pathfinders-Extraordinary-Stories-Financial-Independence/dp/B0CKWFWF95/

https://mrsmoneyhacker.com/

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 In this episode, Michael talks with Andrew, who was last on the podcast in 2021 talking about Investment Trusts.  This time, Michael and Andrew compared property VS stock.  Likely the most discussed topic on many FIRE groups, what is the better investment, property or stocks?

Andrew looks at the pros and cons of each and makes a conclusion about the better investment.

Disclaimer: Michael and Andrew are not professional investors and nothing in this episode should be considered financial advise.

Show Notes:

Andrew's previous podcast episode:
https://www.firepodcast.ie/investment-trusts-with-andrew

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In this episode, Michael continues his conversation with Tom, a 26 year old pharmaceutical salesperson based in Wexford.

In part two, we cover:

- Tom discussed the power of the flexible work place and reasons not to worry about retiring early if you love your job.
- Why the real journey from FIRE is to build a life you around work, rather than trying to escape from work.
- Why the RE of FIRE is really just about leaving the 9-5 grind, more so than retiring in the traditional sense.
- Michael compares his life from 2017 to today - to highlight how FIRE has changed his life.
- Tom discusses how he plans to adjust his life for potentially having a family one day.
- Tom discusses his financial education and how he discovered the FIRE movement.
- Tom discusses property and why he likes investing in property
- Tom and Michael give their opinion on cryptocurrency
- Tom and Michael discuss compound interest.

Show Notes:

If you missed part 1 of the interview, go back and have a listen:
https://www.firepodcast.ie/the-gen-z-fire-blue-print

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Tom, a 26 year old pharmaceutical salesperson based in Wexford, shares his FIRE story with Michael.  Tom was able to save €40,000 by the time he was 25 and purchase his first house aged 26.

Tom's story is inspiring as he managed to avoid so many of the common financial pitfall's from such a young age.  His story shows what it possible when making sound financial decisions from a young age and is a blue print for anyone looking to pursue financial independence at any age.

There will be more to come in part two of this interview.

Show Notes:

Follow Michael's process at:
www.firepodcast.ie/newsletter

In this episode, Michael pays tribute to the Money Flamingo website (https://www.moneyflamingo.com).  He mentions how Tina's work has been a huge motivator for him, especially since 2021 and explores how many attributes from the Money Flamingo website are starting to apply to his own FIRE journey.

Show Notes:

Link to the Money Flamingo Article:
https://www.moneyflamingo.com/time-to-semi-retire/

The Die with Zero Calculator:
https://www.moneyflamingo.com/free-resources/

The Money Flamingo Podcast Interview:
https://www.firepodcast.ie/flamingo-fire-the-money-flamingo-interview

Subscribe to The Irish FIRE Podcast Monthly email:
https://www.firepodcast.ie/newsletter

In this episode, Michael answers a few questions that he has received over the last few weeks from podcast listeners.

These questions include:
- What are the best broker accounts in Ireland?
- What are the top two things Michael recommends when pursuing FIRE?
- What are some of my options around travel expenses when self employed?
- Questions around refinancing property to buy an investment property.

Show Notes:

Investment Trusts with Andew:
https://www.firepodcast.ie/investment-trusts-with-andrew-driver

Legal Deductions when you own your own company episode:
https://www.firepodcast.ie/legal-tax-deducations-when-you-own-a-company

Revenue guidelines on travel expenses:
https://www.revenue.ie/en/employing-people/employee-expenses/travel-and-subsistence/index.aspx

Mortgages with Laura Mansbridge:
https://www.firepodcast.ie/mortgages-with-laura-mansbridge

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In this episode, Michael discusses the basic things that one needs to do to become a property investor.  He covers the ins and outs of looking for the right property to buy, to negotiating through the sales process.  The episode covers things such as the Rent Pressure Zone in Ireland, but is also suitable for listeners overseas.

Show Notes:

Episode with Ken:
https://www.firepodcast.ie/talking-financial-independence-with-ken-from-the-humble-penny

Previous Episodes on Property:
https://www.firepodcast.ie/mortgages-with-laura-mansbridge
https://www.firepodcast.ie/buying-an-investment-property-with-no-deposit
https://www.firepodcast.ie/buying-property-in-2022
https://www.firepodcast.ie/my-property-strategy
https://www.firepodcast.ie/why-i-buy-property

Rent Pressure Zone Calculator:
https://www.rtb.ie/calculator/rpz

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In this episode, Michael adds another chapter to his original episodes released back in 2019 on income.  He reviews various additional methods of potential ways to increase your income, including some of the recent methods being adopted by some members of the FIRE community.  Some of these methods are extreme, so please do your own research and take your own circumstances into account before pursuing any of these.

Show Notes:

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In this episode, Michael introduces the 20:20 rule.  A simple concept that is a great starting point for anyone new to the FIRE movement.  He also gives some quick starting points on how to reduce expenses and increase income.

Show Notes:

Interview on RTE with Brendan O'Connor:
https://www.rte.ie/radio/radio1/clips/22285693/

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In this episode, Michael discusses some strategies around how he and his family grocery shop.  He mentions some of the traps that he see's when shopping for food and shares some tips on how you can reduce your grocery bill.

He also shares the one item in Aldi that hasn't gone up in price for many years, as well as another item which has increased in price by 500% over the last year or so!

Show Notes:

Come along to an online or face to face meet up:
https://www.meetup.com/financial-independence-limerick

Watch How to Get Rich on Netflix:
https://www.imdb.com/title/tt27206017/

Join the newsletter:
https://www.firepodcast.ie/newsletter