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.
In this episode, Michael provides specific details about how he was able to put a deal together to use equity from his home to purchase an investment property in Ireland.
Show Notes:
The Mortgage Broker:
Hugh Mulcahy - https://www.fcfs.ie/team/hugh-mulcahy/
Become an Irish FIRE Podcast member at:
https://www.firepodcast.ie/register
In this episode, Michael talks with Gavin J Gallagher about property. Gavin owns and operates the East Point Business Park in Dublin, but has also worked on hundreds of property deals over the last 25 years.
Quotes from the Episode:
"If you go into it blind, you can lose your shirt in this [property] business"... "I wouldn't rush into this with your eyes closed."
"Be the Dealmaker."
"This [property] is a team business."
"The first deal is the best you will do, because of the tight learning curve."
Show Notes:
Gavin's Website:
https://gavinjgallagher.com
Gavin's Podcast (Behind the Facade):
https://podtail.com/en/podcast/behind-the-facade/
Subscribe to the Newsletter:
https://www.firepodcast.ie/newsletter
In this episode, Michael shares his recent experiences (in story telling format) of some of his failed investments and ventures and the outcomes and downsides from dealing with the consequences.
He explains how he over-engineered financial independence and how while he initially freed up time by working part time, that free time was quickly taken away by over committing to too many ventures.
The episode provides some good advise - hopefully you can learn from his mistakes!
In this episode, Michael reflects on how financial independence ties into success and how wealth is only 25% of deemed success.
Michael discusses why one needs to target all four pillars of success to find true happiness and reflects on his own story about how he is applying the four pillars.
Show Notes: Show Notes:
For more information about the An Dúlra Co-Op:
https://www.andulra.ie
Subscribe to the newsletter:
https://www.firepodcast.ie/newsletter
In this special first anniversary episode, Michael talks with Alan Donegan, a 41 year old entrepreneur from the UK, who became financially independent 18 months ago.
Alan runs the Pop Up Business School and has helped teach thousands of people how to get started in the business world.
This is a raw, honest interview with Alan, where he explains how he was able to become financially independent and what life is like for him now.
Show Notes:
Tony Robbins - Notes from a Friend:
https://www.amazon.co.uk/dp/074340937X/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1#ace-g1653177716
JL Collins - A Simple Path of Wealth
https://www.amazon.co.uk/Simple-Path-Wealth-financial-independence/dp/1533667926/ref=sr_1_1?crid=1AW50L0NBSZG2&dchild=1&keywords=jl+collins+simple+path+to+wealth&qid=1591262032&s=books&sprefix=jl+collins%2Cstripbooks%2C139&sr=1-1
Alan's Blog
https://www.alandonegan.com/
Pop up Business School
https://www.popupbusinessschool.co.uk/
Listen to more of Alan's podcast - The Rebel Entrepreneur Podcast
https://podcasts.apple.com/ie/podcast/rebel-entrepreneur/id1506404790
Subscribe to the newsletter:
https://www.firepodcast.ie/newsletter
In this episode, Michael reveals his realisations of 2020 and the changes he has made in response to learning from COVID 19.
Apologies again for the sound quality on this episode, will have it fixed for the next episode.
Show Notes:
Mortgage Broker - Get in touch with Hugh
First Choice Financial Services
https://www.fcfs.ie/
In this episode, Michael talks with former Irish Rugby International Jamie Heaslip. Jamie provides insights into what hes doing after rugby, but we also talk about the processing of success when playing rugby.
Jamie talks about how he manages his investments, knowing that his rugby career was going to finish in his 30s.
He talks about how he looks to create wealth, through investing in assets
We talk about how Jamie is dealing with the COVID 19 crisis, based on how he dealt with the highs and lows on the rugby field.
We talk about the process of beating the All Blacks in 2016 - and how the Irish were able to work backwards to work out a plan to beat the All Blacks.
We talk about what success means to Jamie and how he goes about the process of achieving success.
We talk about his involvement with Flender and how he sees the future of the P2P Industry in Ireland and the future of Flender.
Quotes from the episode:
"To create financial wealth, you need to own something"
"Don't stick your head in the sand.... address things straight on."
"Hard work beats talent a lot of the times"
"People are very quick to pass over wins.... you need to get comfortable not being able to control everything"
Follow Jamie on social media:
https://twitter.com/jamieheaslip
https://www.instagram.com/jamieheaslip
Sign up to Flender & Get behind Irish Business:
https://bit.ly/2xgAVeR
In this episode Michael talks about how he is investing during a downturn. He talks about some of the mistakes he has made and how he is looking to invest going forward.
He also gives an update on what happens in Grupeer and how he is thinking about managing his P2P portfolio moving forward.
Show Notes
FIRE Dating: https://firedating.me
Irish P2P Platforms:
Flender
https://www.linkedfinance.com
https://www.propertybridges.com
JL Collins - A Simple Path to Wealth
https://www.amazon.co.uk/Simple-Path-Wealth-financial-independence/dp/1533667926
In this episode, Michael looks into the history of money and how the economy works.
Mentions in the episode:
- Coming off the gold standard
- Fractional banking system
- Understanding why central banks are printing money
- Understanding that most of the money in our society is actually debt, not physical cash.
He talks about how he is trying to leverage debt and is actively looking for new deals to generate income by leveraging debt, particularly with his new venture Forestry Crowd.
Show Notes:
How the Economic Machine Works - Ray Dalio
https://www.youtube.com/watch?v=PHe0bXAIuk0
The History of Money:
https://www.youtube.com/watch?v=2nBPN-MKefA
In this episode, Michael gives an update on life in Ireland since the Coronavirus outbreak. He mentions how he is taking new opportunities with the change of market conditions and what changes he has made since the Coronavirus.
Michael talks about his edge that has allowed him to work 12 hours per week - he mentions that people who are on an FI journey typically find an edge that allows them either to make extra money or give themselves extra time (or both).
He reveals his own edge and how he was able to adapt to make more money from his edge.
Finally, Michael reveals a final thought on the current market crash and why it isn't always as easy to buy when there are so many great bargains out there!
