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 Aug 11, 2023
Friday Aug 11, 2023
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
Friday Jul 28, 2023
Friday Jul 28, 2023
In this episode, Michael discusses everything solar panels related! He goes through his own experience of having solar panels installed 12 months ago and lists the pro's and con's of installing solar panels. Solar panels can be a great investment, but what factors should you consider before installing solar panels? Michael looks to answer these questions in this episode.
Show Notes
Subscribe to the newsletter:
https://www.firepodcast.ie/newsletter
Solar Panel Installers worth getting a quote from:
Eco Green Resources - https://www.egr.ie
Dolphin Utilities - https://dolphinutilities.com
Open Solar - https://www.aksolar.ie
Saturday Jul 15, 2023
Saturday Jul 15, 2023
In this episode, Michael is interviewed by Joshua from The Art of Money and Communication Podcast. The interview covers various aspects, from trying to FIRE with children, embracing FIRE in a high inflation environment, discussing other FIRE influences and discussing some of the core aspects of FIRE - such as being uncomfortable and compounding your ability to earn, save and reduce expenses.
Show Notes:
The original recording can be found at:
https://podcasts.apple.com/ie/podcast/high-inflation-high-ambitions-unlocking-financial-independence/id1508117788?i=1000616927112
Subscribe to the monthly newsletter:
https://www.firepodcast.ie/newsletter
Friday Jun 30, 2023
Friday Jun 30, 2023
In this episode, Michael interviews Joshua from The Art of Money & Communication Podcast.
Joshua is originally from Wales and now living in London. He is an Opera Singer and has been pursing FIRE for a number of years.
Michael & Joshua talk about a range of FIRE topics, from happiness in your career, trying to FIRE in the arts industry, following a simple investment strategy, how to decide to a job, to getting your partner onboard with FIRE.
Show Notes:
Listen to Joshua's Podcast at:
https://podcasts.apple.com/gb/podcast/the-art-of-money-communication/id1508117788
Subscribe to the Newsletter:
https://www.firepodcast.ie/newsletter
Friday Jun 16, 2023
Friday Jun 16, 2023
In this episode, Michael responses to a listener email. The email asked Michael why he doesn't look to apply more moderation and consistency to his FI journey. Michael responses by talking about the elephant in the room - that FIRE is extreme and that to make it work long term, it often needs to be done in phases.
He also talks about how compounding not only investments, but also our ability to earn income and reduce expenses, ultimately is what makes ones FI journey not a linear thing.
Show Notes:
Download and try The Die With Zero Calculator:
https://www.moneyflamingo.com/free-resources/
Subscribe to the Monthly Newsletter:
https://www.firepodcast.ie/newsletter
Friday Jun 02, 2023
Friday Jun 02, 2023
In this episode, Michael talks with Laura Mansbridge, a mortgage broker based in Limerick. Michael and Laura talk everything mortgages, including mortgages for first time buyers, equity release, buying property through a company and a pension, advantages of using a mortgage broker and associated costs.
Show Notes:
Laura can be reached at:
Email - [email protected]
Phone - 087 942 1243
Disclaimer: Information in this episode is for education purposes only. When it comes to mortgages, all situations are different. Please consult your own mortgage broker or contact Laura directly to answer any specific questions.
Subscribe to the monthly newsletter: https://www.firepodcast.ie/newsletter
Friday May 19, 2023
Friday May 19, 2023
In this episode, Michael covers the second part of his 12 FIRE rules. In part two, he covers his 5 rules related to income and investing. Michael shares his advise around why income is the most important FIRE attribute, the importance of an emergency fund, why keeping investing simple is the best approach and that average market returns are OK!
He also provides a quick personal update on his FIRE journey in life post Flamingo FIRE!
Disclaimer: Michael is not a financial advisor and any investment advise in this episode is for entertainment purposes only.
Show Notes:
Subscribe to the monthly newsletter at:
www.firepodcast.ie/newsletter
Friday May 05, 2023
Friday May 05, 2023
In this episode, Michael covers his 12 FIRE rules. In part one, he covers his 7 rules related to managing expenses. Since 2018, Michael has actually decreased his annual expenses, even with rising inflation. He lists his 7 rules related to how his family have reduced expenses overtime.
He also provides a quick personal update on his FIRE journey, which has hit a significant milestone in May 2023.
Show Notes:
Subscribe to the newsletter:
https://www.firepodcast.ie/newsletter
Track Michael's Monthly Progress:
https://www.firepodcast.ie/progress
Friday Apr 21, 2023
Friday Apr 21, 2023
In this episode, Michael gives his five key takeaways from the book 'Die with Zero', which has because a bit of a stable for FIRE enthusiasts. He lists his five main takeaway points from the book and gives his own take on how he has implemented changes after listening to the book.
Show Notes
Listen to the book:
https://www.youtube.com/watch?v=nCsfH3U51jA
Sign up to the newsletter:
https://www.firepodcast.ie/newsletter
Friday Apr 07, 2023
Friday Apr 07, 2023
In this episode, Michael discusses one of the hidden secrets of the FIRE movement - the element of luck, or chance! Luck (both good and bad) plays a huge role in one's ability to hit FIRE and is often underrated. Michael gives examples of those in the FIRE community that have experienced good luck on their journey, as well as giving examples of his own good luck from the last 5 years.
Show Notes:
March blog update:
https://www.firepodcast.ie/march-2023-portfolio-update
Example of typical Market Watch article with an early retiree who was nothing but lucky
(in this case, they borrowed significant money from his in-laws)
https://www.businessinsider.com/real-estate-investing-passive-income-teacher-retires-early-2021-2
Subscribe to the newsletter:
https://www.firepodcast.ie/newsletter