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
Monday May 25, 2020
Monday May 25, 2020
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/
Tuesday Apr 28, 2020
Tuesday Apr 28, 2020
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
Tuesday Apr 14, 2020
Tuesday Apr 14, 2020
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
Tuesday Mar 31, 2020
Tuesday Mar 31, 2020
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
Tuesday Mar 17, 2020
Tuesday Mar 17, 2020
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!
Thursday Mar 05, 2020
Thursday Mar 05, 2020
In this episode, Michael chats with Alvar Damon, who provides a follow up interview after appearing on the podcast in 2019.
Alvar lists some of the active investing and money saving tips, and also discusses how he manages time and energy.
Show Notes:
https://www.bonkers.ie/
https://www.reddit.com/r/beermoney/
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Monday Feb 17, 2020
Monday Feb 17, 2020
In this episode, Michael talks about how he might just be a bad investor! In the last two years, he has been involved in so many investment scams, that he is now looking at ways to change direction when it comes to investing.
He talks about his own definition of what financial independence is for him and announces his new investment plan going forward - as well as a new organisation he is establishing.
Show Notes
Link to An Dulra - https://www.andulra.ie
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Monday Feb 03, 2020
Monday Feb 03, 2020
In this episode, Michael shares the story of the Envestio scam, which he unfortunately got caught up in.
He also shares some feedback from the last episode, and gives his advise on how best one should plan their investment portfolio, based on his experience with Envestio.
Show Notes
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Monday Jan 20, 2020
Monday Jan 20, 2020
In this episode, Michael shares the story of the day he lost €6,000, caused from being over leveraged in his trading account.
The story details how he reacts to some huge mistakes he made when trading the markets and the lessons that he learned from losing such a large amount of money in a short space of time.
Show Notes
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Monday Jan 06, 2020
Monday Jan 06, 2020
In this episode, Michael explores the energy that one puts into various tasks - from work, personal projects, investing and life in general. He noticed that while he had cut down his working hours to as little as possible, he still found himself without enough time.
Michael then came to the realisation that it wasn't time he was lacking - but energy. Michael discusses the concept of how one needs to manage their energy as well as their time - as there is only so much energy we have in one day.
Michael also gives an update on how life has been going since moving down to semi retirement hours and his goal for 2020.
Show Notes
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