The Irish FIRE Podcast

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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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

Events:
https://www.firepodcast.ie/events

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."

In this episode, Michael talks to Alvar Damen. Alvar is a co host of the Financial Independence Europe podcast, is 26 years old and originally from The Netherlands, currently living in Scotland.

Alvar talks about how he is trying to archive FI as an employee. He talks about some travel hacks that he has and touches on how important side projects are for him. He gives some examples of various side hustles that one could start.

He also talks about his FI number and the types of investments he has and how him and his girlfriend work together on their FI journey.

Show Notes:

Mad Fientist Spreadhsheet:
https://www.madfientist.com/financial-independence-spreadsheet/

MMM - Spreadsheet to rule them all:
https://docs.google.com/spreadsheets/d/1T6RgJnzZo1bdGHA0a5JBQqqSSEPX2xDrCT5zioWr9z8/edit

Getting in touch with Alvar at FI Europe Podcast:
Website: https://financial-independence.eu/
Facebook Page: https://www.facebook.com/financialindependenceeurope/
Facebook Group: https://www.facebook.com/groups/financialindependenceeurope/?ref=FIeuropetopnav
Twitter: https://twitter.com/fieurope
Instagram: https://www.instagram.com/fieurope

Events:
https://www.firepodcast.ie/events

In this episode, Michael lists the three potential paths to financial independence in Ireland. He explores a new path which he hasn't considered before, after talking to a person at the Limerick FI Meet Up who had recently retired by pursuing this method.

Show Notes

Limerick FI Ireland Meet Up Group:
https://www.meetup.com/financial-indepdence-limerick/

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

In this episode, Michael explores a concept known as cruise FI (Coast 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

In this episode Michael lists the 7 steps that he followed when he started pursuing financial independence. Michael tackles the "how" to FI, and gives practical steps for you to get started on your own FI journey.

Show Notes:

Rich Dad Poor Dad:
https://amzn.to/2mEsgxG

A Simple Path to Wealth:
https://amzn.to/2nsaKwX

Money Master the Game:
https://amzn.to/2o6RIw0

Come and join Michael at an event:
https://www.firepodcast.ie/events

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 Aoife: [email protected] 

For events and webinars visit:
www.firepodcast.ie/events

In this episode, Michael shares how he uses credit cards to manage his daily cash flow.

He gives a history of how he found himself in €30,000 in credit card debt 12 years ago and what he learned from that experience.

Today, Michael uses two credit cards to pay for his day to day expenses.  He discusses how this strategy can be useful to improve cash flow and decrease bank charges.