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
October 11, 2019
In this episode, Michael explores the idea that happiness and financial independence is a trade off.
He challenges the listener to start living their life as if they were retired, and to start doing the things that they want to do now - rather than waiting until retirement.
Show Notes:
Mad Fientist Article:
https://www.madfientist.com/best-and-worst-about-fi
Events:
To book in for the Pension Aware event, visit:
https://www.firepodcast.ie/events
October 8, 2019
In this episode, Michael explores a concept known as cruise FI - where you focus your energy on building a large pension pot which you can then access in retirement. Once you have that retirement saving, you can then relax, knowing that you have the large pension available.
Michael crunches the numbers when it comes to putting €500 per month into a pension from the age of 30. He also gives a summary of how he plans to cruise his way to FI through using a pension.
Show notes:
To view free events that you can attend visit:
https://www.firepodcast.ie/events
![Ep 30: Talking money with Aoife Gaffney]()
September 26, 2019
In this episode, Michael talks to Aoife Gaffney, AKA Prudence Money Penny. Aoife is a Certified Behavioural Money Coach (CMC), Accredited Business All Stars Thought Leader, professional speaker and writer and former financial adviser.
Michael interviews Aoife about a person's relationship with money, how you can improve your view point with money and just share general tips and advise when it comes to managing money!
Quotes from the episode:
"The different between an opinion and a pizza, is you opt for a pizza."
"A bargain is only a bargain if you needed the thing in the first place and you had planned to pay full price for it."
"The word budget doesn't sit right with me.... we call it a personal spending plan."
"Make spending decisions based on a plan, not whats in your bank balance."
"I see money as a friend... if you only spoke to them once a year, they're not going to hang around... "
Show Notes:
Cork Financial Independence Meet Up Group:
https://www.meetup.com/Financial-Independence-Ireland-Cork
Link to Aoife's books on Amazon:
https://www.amazon.co.uk/Prudence-Moneypenny/e/B00VDGJMG8?ref=sr_ntt_srch_lnk_1&qid=1569489209&sr=1-1
Email Aiofe: [email protected]
For events and webinars visit:
www.firepodcast.ie/events
September 23, 2019
In this episode, Michael explores the different tax rules around investments in Ireland and explain why he invests in certain assets based on the tax rates.
He explains that tax rates are all about incentives and explores the good and bad investments based on tax rates.
He highlights three investment tools that are tax efficient - pensions, capital gains tax and corporate tax - and explores options around each of these.
Show Notes
For events and webinars visit:
www.firepodcast.ie/events
September 20, 2019
In this episode, Michael explores the idea of building potential income streams, in the hope that if one of them takes off, the upside payoff will give unlimited potential.
He talks about why he made the decision to work part time - in the hope of using more of his time to work on various projects which might have a bigger upside in the long run.
Michael mentions how financial Independence isn't just a financial journey, its a personal discovery journey!
He talks about how to leverage other people's time and focus on taking baby steps to shift your focus from a single income steam, to multiple income steams.
Show Notes
For events and webinars visit:
www.firepodcast.ie/events
