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
Sunday Feb 25, 2024
Sunday Feb 25, 2024
In this episode, Michael takes a close look at intentional money spending. He explains how becoming good at spending money is a skill and gives examples of good and bad money spending habits.
Show Notes
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Tuesday Feb 13, 2024
Tuesday Feb 13, 2024
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/
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Sunday Jan 28, 2024
Sunday Jan 28, 2024
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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Monday Jan 15, 2024
Monday Jan 15, 2024
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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Friday Dec 15, 2023
Friday Dec 15, 2023
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:
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Friday Nov 10, 2023
Friday Nov 10, 2023
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
Tuesday Oct 10, 2023
Tuesday Oct 10, 2023
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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Friday Sep 22, 2023
Friday Sep 22, 2023
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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Friday Sep 08, 2023
Friday Sep 08, 2023
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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Thursday Aug 24, 2023
Thursday Aug 24, 2023
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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