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 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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Monday Nov 25, 2019
Monday Nov 25, 2019
Michael makes a big announcement in this episode. Michael has made the decision to start living in a "semi-retired" status. He talks about how the story of "The Mexican Fisherman" inspired him to work towards reducing his working hours as much as possible.
Michael talks about how a couple of his projects which he has been working on are now at a stage where he can step into them more and as a result, is able to cut back on his web development hours and effectively has become semi retired as a result - working around 10 hours per week.
Quotes from the Episode:
"Forever has to start one day. We are so prone to look so far into the distance, we forget we need to make the leap at some point into retirement."
"The FIRE Movement is more of a time independence movement."
Show Notes:
The Mexican Fisherman on the Informed Decisions Podcast:
https://www.informeddecisions.ie/podcast97-the-mexican-fisherman/
Recent article about Michael developing hockey clubs in Munster:
https://www.irishexaminer.com/breakingnews/sport/munster-mission-is-to-grow-hockey-based-on-irelands-success-965845.html
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Tuesday Nov 12, 2019
Tuesday Nov 12, 2019
In this episode, Michael explores what can happen when you start to take opportunities, and the long term impact that that has when you start to take opportunities. He gives examples from his own hockey coaching business, as well as other examples.
Quotes from the episode:
“Probably some of the best things that have ever happened to you in life, happened because you said yes to something. Otherwise things just sort of stay the same.”
―
“The only time you have no opportunities is when you decide to stop taking them.”
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Friday Nov 08, 2019
Friday Nov 08, 2019
In this episode, Michael lists the common errors he sees when it comes to starting a business. He lists some of the common errors, and then gives his advise on how to start a business quickly and more effectively.
He gives his own examples of how he has been able to start projects quickly.
Show Notes
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Tuesday Nov 05, 2019
Tuesday Nov 05, 2019
In this episode, Michael talks with Robert White. Robert is in his 30's and he and his wife Emma became financially independence in 2015.
Robert is from Romania originally, but worked in Germany for a few years on his path to FI.
In the interview, we talk about how Robert & Emma were able to become financially independent, we talk about how he was able to start side hustles and earn extra income. Robert gives away his secret to how he was able to launch so many side businesses so quickly.
We talk in the interview about what Robert is doing now - and how life is different to him now since he became financially independent.
Show Notes:
Robert White Facebook Page:
https://www.facebook.com/mrwwlcb
Contact Robert at:
[email protected]
Checkout FIRE Hub:
https://firehub.eu/
Facebook page:
https://www.facebook.com/firehub.eu/
Facebook Group:
https://www.facebook.com/groups/fire.europe/
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https://www.firepodcast.ie/newsletterhttps://www.firepodcast.ie/newsletter
Friday Nov 01, 2019
Friday Nov 01, 2019
In this episode Michael looks at some of the lessons that Robert Kiyosaki teaches and compares them against the FI movement.
For example, Robert says:
"Saving is for losers."
"The sharemarket is nothing but a ponzi scheme."
"Debt is good if its good debt."
Michael explores this against what others in the FI community say, and then gives his own story about what he is trying to do based on Robert Kiyosaki's advise.
Show Notes:
Link to purchase Rich Dad Poor Dad:
https://amzn.to/3225dLK
Link to updated portfolio:
https://www.firepodcast.ie/portfolio
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Wednesday Oct 30, 2019
Wednesday Oct 30, 2019
In this episode, Michael talks with Meagan from Mrs Money Hacker. Meagan covers loads of great information, including:
- Her own background and how she is potentially 5 years away from FI.
- How her family is dealing with FI with a new baby and how she is reducing her expenses with a family.
- The environment and FI. How Meagan tries to reduce her carbon footprint while saving money!
- Being an employee VS being a contractor - and the advantages and disadvantages of both.
Show Notes:
Meagan's Blog:
https://mrsmoneyhacker.com/
Cork FI Meet up:
https://www.meetup.com/Financial-Independence-Ireland-Cork
Quit like a Millionaire Book:
https://amzn.to/2PzeWXk
Friday Oct 25, 2019
Friday Oct 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."