In this episode, Michael discusses how embracing a low-cost lifestyle has helped him and his family move closer to Financial Independence.  He shares updates on his portfolio, his transition into semi-retirement, and the conscious trade-offs he's made to prioritise time freedom over material wealth.

Show Notes:

The Three Phases of FI https://www.firepodcast.ie/three-phases-of-fi

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

Subscribe to the monthly newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael celebrates episode 100 of The Irish FIRE Podcast by looking back over the last 7 years of his FIRE journey, and giving his reflections on a year by year basis since he started his journey in 2018. Michael is now only a few months away from hitting FI, and Michael shares his thoughts on both how his journey has panned out, but also what he expects from the future once he reaches FI. Show Notes Subscribe to the monthly newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael takes a close look at intentional money spending.  He explains how becoming good at spending money is a skill and gives examples of good and bad money spending habits. Show Notes Join the newsletter at: https://www.firepodcast.ie/newsletter

What has really changed between now and the recession? Michael explores the differences between the hard times and now and asks the question "are you really any better off?".

While the externals have changed, have things fundamentally changed for you personally? Michael discusses a few observations and challenges the idea that things are radically any different than they were a few years ago.

Sign up for the monthly newsletter at: https://www.firepodcast.ie/newsletter

Michael gives us his background about moving to Ireland in 2011 and explains about how he is planning on being financially independent, by cutting expenses, investing for monthly income, leaving the rat race and taking more opportunities.

He explains how in September 2018 he made the decision to cut down to part time work and that the best thing that money can buy is time freedom.

To register for any events, visit: https://www.firepodcast.ie

In this episode, Michael talks to Stephen about travel and FIRE.  Stephen is originally from Ireland but has spent time in Canada as well as countries all over the world.  Stephen spent 6 and a half years back packing around the world, while saving for FIRE.  Stephen works in hospitality, picking up jobs as he travels, traveling on a budget and saving for FI at the same time.

These days, Stephen is semi FI and he talks with Michael about how he built this lifestyle, how he will adapt with children, offers travel advise and how he defines his FIRE lifestyle.

Show Notes:

Follow Stephen at:

https://www.youtube.com/@outoftheboxtraveler

https://www.instagram.com/outoftheboxtraveler

JL Collins new book: https://www.amazon.co.uk/Pathfinders-Extraordinary-Stories-Financial-Independence/dp/B0CKWFWF95/

https://mrsmoneyhacker.com/

Subscribe to the newsletter: https://www.firepodcast.ie/newsletter

 In this episode, Michael talks with Andrew, who was last on the podcast in 2021 talking about Investment Trusts.  This time, Michael and Andrew compared property VS stock.  Likely the most discussed topic on many FIRE groups, what is the better investment, property or stocks?

Andrew looks at the pros and cons of each and makes a conclusion about the better investment.

Disclaimer: Michael and Andrew are not professional investors and nothing in this episode should be considered financial advise.

Show Notes:

Andrew's previous podcast episode: https://www.firepodcast.ie/investment-trusts-with-andrew

Join the newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael continues his conversation with Tom, a 26 year old pharmaceutical salesperson based in Wexford. In part two, we cover: - Tom discussed the power of the flexible work place and reasons not to worry about retiring early if you love your job. - Why the real journey from FIRE is to build a life you around work, rather than trying to escape from work. - Why the RE of FIRE is really just about leaving the 9-5 grind, more so than retiring in the traditional sense. - Michael compares his life from 2017 to today - to highlight how FIRE has changed his life. - Tom discusses how he plans to adjust his life for potentially having a family one day. - Tom discusses his financial education and how he discovered the FIRE movement. - Tom discusses property and why he likes investing in property - Tom and Michael give their opinion on cryptocurrency - Tom and Michael discuss compound interest. Show Notes: If you missed part 1 of the interview, go back and have a listen: https://www.firepodcast.ie/the-gen-z-fire-blue-print Subscribe to the newsletter: https://www.firepodcast.ie/newsletter

Tom, a 26 year old pharmaceutical salesperson based in Wexford, shares his FIRE story with Michael.  Tom was able to save €40,000 by the time he was 25 and purchase his first house aged 26. Tom's story is inspiring as he managed to avoid so many of the common financial pitfall's from such a young age.  His story shows what it possible when making sound financial decisions from a young age and is a blue print for anyone looking to pursue financial independence at any age. There will be more to come in part two of this interview. Show Notes: Follow Michael's process at: www.firepodcast.ie/newsletter

In this episode, Michael pays tribute to the Money Flamingo website (https://www.moneyflamingo.com).  He mentions how Tina's work has been a huge motivator for him, especially since 2021 and explores how many attributes from the Money Flamingo website are starting to apply to his own FIRE journey. Show Notes: Link to the Money Flamingo Article: https://www.moneyflamingo.com/time-to-semi-retire/ The Die with Zero Calculator: https://www.moneyflamingo.com/free-resources/ The Money Flamingo Podcast Interview: https://www.firepodcast.ie/flamingo-fire-the-money-flamingo-interview Subscribe to The Irish FIRE Podcast Monthly email: https://www.firepodcast.ie/newsletter

In this episode, Michael answers a few questions that he has received over the last few weeks from podcast listeners. These questions include: - What are the best broker accounts in Ireland? - What are the top two things Michael recommends when pursuing FIRE? - What are some of my options around travel expenses when self employed? - Questions around refinancing property to buy an investment property. Show Notes:

Investment Trusts with Andew: https://www.firepodcast.ie/investment-trusts-with-andrew-driver

Legal Deductions when you own your own company episode: https://www.firepodcast.ie/legal-tax-deducations-when-you-own-a-company Revenue guidelines on travel expenses: https://www.revenue.ie/en/employing-people/employee-expenses/travel-and-subsistence/index.aspx Mortgages with Laura Mansbridge: https://www.firepodcast.ie/mortgages-with-laura-mansbridge Sign up at the newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael discusses the basic things that one needs to do to become a property investor.  He covers the ins and outs of looking for the right property to buy, to negotiating through the sales process.  The episode covers things such as the Rent Pressure Zone in Ireland, but is also suitable for listeners overseas. Show Notes: Episode with Ken: https://www.firepodcast.ie/talking-financial-independence-with-ken-from-the-humble-penny Previous Episodes on Property: https://www.firepodcast.ie/mortgages-with-laura-mansbridge https://www.firepodcast.ie/buying-an-investment-property-with-no-deposit https://www.firepodcast.ie/buying-property-in-2022 https://www.firepodcast.ie/my-property-strategy https://www.firepodcast.ie/why-i-buy-property Rent Pressure Zone Calculator: https://www.rtb.ie/calculator/rpz Subscribe to the Newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael adds another chapter to his original episodes released back in 2019 on income.  He reviews various additional methods of potential ways to increase your income, including some of the recent methods being adopted by some members of the FIRE community.  Some of these methods are extreme, so please do your own research and take your own circumstances into account before pursuing any of these.

Show Notes:

Join the newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael introduces the 20:20 rule.  A simple concept that is a great starting point for anyone new to the FIRE movement.  He also gives some quick starting points on how to reduce expenses and increase income.

Show Notes:

Interview on RTE with Brendan O'Connor: https://www.rte.ie/radio/radio1/clips/22285693/ Subscribe to the Newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael dives into the Playing with FIRE documentary and explores the balance between achieving financial independence and living a fulfilling life in the present. He discusses the Rieckens' journey, the challenges they face, and whether the sacrifices they make are truly aligned with their core mission of spending more time as a family. Show Notes Learn more about An Dúlra Co-Op (planting native forests): https://www.andulra.ie/co-op Youtube "Playing with Fire Full Documentary" to find the Playing with Fire Documentary Mr Money Mustache FIRE video: https://www.youtube.com/watch?v=8-Li_sFNc4Q Join the newsletter and keep in touch with monthly updates: https://www.firepodcast.ie/newsletter

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

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

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

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

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

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 - laura@mortgageabc.ie 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

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

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

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

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

In this episode, Michael explores some of the ideas from Ramit Sethi and his book, podcast and TV program 'I will Teach You To Be Rich' and 'How to Get Rich'. He challenges some of the idea's that Ramit presents when it comes to personal finance, and factors in some of the things which Ramit tends to overlook about the FIRE movement. Show Notes Mad Fientist interview with Ramit: https://www.madfientist.com/ramit-sethi-interview/ Carl & Mindy interview with Ramit: https://www.youtube.com/watch?v=Fm3jlsW7W34 Ramit's website: https://www.iwillteachyoutoberich.com/ Ramit's Netflix show: https://www.netflix.com/title/81410436 Subscribe to the newsletter & following my FIRE progress: https://www.firepodcast.ie/newsletter

In this episode, Michael talks about how his perception of work as changed as his progress towards FI has progressed.  He mentions that there is a great sense of irony that the closer he moves to early retirement, the more he is enjoying work.  He talks about why this is and how work can still play an important part of your life in early retirement. Show Notes Blog Article One on Money Flamingo: https://www.moneyflamingo.com/the-many-paths-that-lead-to-fi/ Blog Article Two on Money Flamingo: https://www.moneyflamingo.com/the-many-paths-that-lead-to-fi-part-2/ Money Flamingo Facebook Group: https://www.facebook.com/groups/semiretirement

Subscribe to the newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael provides insights into his thinking around how to plan for withdrawals in early retirement.  He discusses the challenge of working out whether to pay down current mortgages on investment properties, or continue to buy new properties. He also provides a work update as he looks to scale back him working hours in 2023. Show Notes The Die with Zero Calculator: https://www.moneyflamingo.com/how-to-die-with-zero/ Case study on Michael on the Money Flamingo Blog: https://www.moneyflamingo.com/the-many-paths-that-lead-to-fi/ Article on Building Cashflow with Mortgages: https://www.firepodcast.ie/september-2022-portfolio-update Subscribe to the monthly newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael asks the question, is the traditional FIRE movement dead?  With so many great FIRE alternatives available now, he considers if the traditional route of work hard and retire is no longer applicable, especially in a post COVID world, where so many other income alternatives are available. Show Notes: Read the Money Flamingo Blog Article on the real definition of early retirement: https://www.moneyflamingo.com/what-does-fire-really-stand-for/ Follow my monthly updates & subscribe to the newsletter: https://www.firepodcast.ie

In this episode Michael talks with Anders Skagerberg, AKA The Coast FI Guy.  Coast FI is the concept of building a smallish portfolio and let it compound in the background, while you work part-time and wait until your portfolio grows enough large enough to fully retire. Quotes from the episode: "I don't have to do work that I hate for the rest of my life." "I think some of the most important work I have to do in my life, is to spend time with my kids and be a good Dad." "Coast FI just means that saving is optional.  That doesn't mean that you cannot save money while coasting to financial independence." "There are no true rules when your designing a custom FI strategy that works for your lifestyle." Show Notes What is Coast FI? https://www.moneyflamingo.com/coast-fi/ Coast FI Calculator: https://walletburst.com/tools/coast-fire-calc/ Get in Touch with Anders:

In this episode, Michael shares his reasons why he has been buying rental properties.  He explains that while landlords are currently leaving the property market, he is buying and his reasons for doing so.  Quotes from the episode: "I think landlords are forgetting that a tenant is paying down a mortgage.  Landlords fail to release the difference between cashflow and profit." "I remember looking at property back in 2013 when property prices were half of what they were today... there were still good deals, there were still bad deals" "As I see it, I'm not worried about what the property market is doing... what I care about, is can I find a deal I like." "No one will ever feel rich having a million euro broker account, but buy a few properties and you will feel rich in far more ways than just financially." Show Notes https://www.irishtimes.com/property/2023/01/21/landlords-have-their-say-investors-are-not-in-the-game-at-the-moment/ https://www.firepodcast.ie/buying-an-investment-property-with-no-deposit https://www.firepodcast.ie/my-property-strategy Subscribe to the monthly newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael discusses the great myth or lie about the FIRE movement, the notion of early retirement.  He mentions that most people that achieve FIRE don't actually retire in the traditional sense and continue bringing in some form of income. While they might retire from the traditional corporate world, chances are income will still come in one way or another, so we should plan for this when looking at our own early retirement planning. Show Notes Living a FI: https://livingafi.com/2021/03/17/the-2021-early-retirement-update Mr Money Mustache: https://www.mrmoneymustache.com/2012/05/14/first-retire-then-get-rich Madfientist https://www.madfientist.com/third-year-of-freedom Mr Money Mustache - Definition of Retired: https://www.mrmoneymustache.com/2013/02/13/mr-money-mustache-vs-the-internet-retirement-police 1500 Days https://www.1500days.com/thankful-to-be-thankful Choose FI Quote: https://money.com/married-couple-fire-million-financially-independent Savoteur https://savoteur.com/are-fire-bloggers-truly-chasing-fire Money Flamingo https://www.moneyflamingo.com/the-retirement-lie

Follow my FI Progress:

https://www.firepodcast.ie/newsletter

In this episode, Michael talks with Jesse Borst from Money Principles.  Jesse is a professional investor and has his own Youtube Channel, where he shares tips on financial freedom, personal finance and covers topics such as generational wealth. In this interview, Jesse talks about investing in 2022/23, the importance of building an investing strategy and offers great advice on how to think like a professional investor. Show Notes: Jesse's Youtube Channel: https://www.youtube.com/@MoneyPrinciples Instagram: https://www.instagram.com/money.principles TikTok: https://www.tiktok.com/@money.principles Subscribe to the Monthly Newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael discusses how he goes about buying investment property in Ireland.  He lists the requirements from the banks, to working with auctioneers, to the in's and out's of putting a property deal together in Ireland. He highlights the 9 steps he takes when it comes to working through a property deal and shares his experience of buying property in Ireland. To sign up for the newsletter visit: https://www.firepodcast.ie/newsletter

In this episode, Michael has a conversational style catch up with Alva Damon, who last appeared on the podcast back in early March 2020.  We talk everything FIRE from:

- FIRE strategies - Investing strategies - Property VS Index Funds - FIRE alternatives - Travel Hacking & Travel Tips - Enjoying the FIRE journey & more.

Show Notes:

Flight Deals: www.kiwi.com

Apply for a European Health Card: https://www2.hse.ie/services/schemes-allowances/ehic/apply/

Subscribe to the newsletter at:

https://www.firepodcast.ie/newsletter

In this episode, Michael reflects on his FIRE journey over the last 5 years and lists the top 10 regrets that he has had to date.

From Peer to Peer Lending, too much money in his pension, Forex Trading, Passive Income, Scalable Businesses, having to many companies and more!

Show Notes

Check out the Co-Op I Co-Founded: https://www.andulra.ie Company Strike of Services for €200 or so: https://www.closedforbusiness.ie/strike-off-services

Subscribe to the newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael explains and introduces the philosophy of 'The Simple Life' - a concept that his wife sold him on back in 2010.  It is a philosophy that ensures that his family can maintain a low cost lifestyle, while ensuring maximum happiness and contentment. If you ever wondered how Michael and his family are able to live in Ireland on approximately €40,000 euro per year - then this is the episode for you! Show Notes: Link to the Limerick FI Meet Up Group: https://www.meetup.com/financial-independence-limerick/ A breakdown of Michael's family monthly budget: https://www.firepodcast.ie/monthly-budget.png Subscribe to the monthly newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael gives an update on his overall FIRE progress and explains why semi-retirement will likely be the best path for his FIRE journey.

Michael has spent the last 12 months increasing his savings rate considerably and with that, he has been focusing on FIRE shortcuts.  However, in 2022 with high inflation, it has made it more and more difficult when it comes to planning for early retirement.

Michael explains why semi-retirement could be the best path for most, especially as it gives a balanced approach to early retirement.

To subscribe to the newsletter, visit: https://www.firepodcast.ie/newsletter

In this episode, Michael describes daily working life for him.  He briefly described what has happened to him work life over the last 12 months or so and explains how he handles getting through the daily grind.  He discusses how he views work and how he comes up with early exit strategies in the event that he decides that the daily grid isn't worth it.

Show Notes Follow the Newsletter at: https://www.firepodcast.ie/newsletter

In this episode, Michael shares a list of 12 ideas to help reduce expenses. With inflation running at 40 year highs, reducing expenses can be a great way to tackle the impact on inflation.

Be sure to subscribe to the Monthly Newsletter to keep up with Michael's latest portfolio updates: https://www.firepodcast.ie/newsletter Show Notes Article on  upgrading to a more economic car: https://www.firepodcast.ie/march-2022-portfolio-update Article on Solar Panel Investment: https://www.firepodcast.ie/july-2022-portfolio-update

Dolphin Utilities: https://dolphinutilities.com

In this episode, Michael shares his story of buying an investment property in 2022.

He shares his high's and low's of activity looking for an investment property in Limerick - and explains what has changed in 2022 when buying a property.

Show Notes

Join The Irish FIRE Newsletter by visiting:

https://www.firepodcast.ie/newsletter

In this episode, Michael talks to the author of the Money Flamingo Blog.  Tina is originally from Europe and is now living in Australia.  She become "Flamingo FI" in 2020 and has been living a semi retired lifestyle since then.

Tina tells her own story, and shares her wisdom of why she adopted Flamingo FI.  As she mentions, "the real goal is the happiness that you can achieve along the path [to FI]".

Show Notes: Check out Tina's blog at (and join her newsletter): https://www.moneyflamingo.com

Coast FI Grid https://www.moneyflamingo.com/coast-fi

Join The Irish FIRE newsletter at: https://www.firepodcast.ie/newsletter

In this episode, Michael takes a moment to reflect on the Ukraine War.  He mentions that it is hard to discuss personal finance when there is a war going on in Europe.  He talks about luck and the impact that that has on one's FIRE journey.

He mentions that it has become difficult to try to forecast investment returns over the next number of years and this makes planning for early retirement nearly impossible.  He touches on interest rates and the impact this will have on housing, as well as speculates on what might happen in the economy over the next year or two.

Show Notes:

https://www.youtube.com/thedogecoinmillionaire

Sign up for the newsletter: https://www.firepodcast.ie/newsletter

In this episode Michael discusses the three phases for FI.  Michael shares how he is currently at a full throttle FIRE stage, where he is looking to maximise his income potential. He mentions that working hard for a full months can be worth it, if it helps you move along quickly in your FI journey, or helps to secure another significant asset, such as an investment property. He mentions concept of the semi-retirement phase, where we look to cut back on making portfolio contributions and enjoy more time freedom.  He mentions the concept of Flamingo FIRE. He also discusses strategies in relation to inflation, and strategies to help dealing with high inflation. Show Notes CPI Calculation: https://www.cso.ie/en/interactivezone/visualisationtools/cpiinflationcalculator Flamingo FIRE: https://www.moneyflamingo.com

Sign up for the newsletter: https://www.firepodcast.ie/newsletter

In this special two year anniversary episode, Michael interviews Andrew Driver.  Andrew has been investing for a number of years and is well on his way to FI.

In the interview, we talk about Investment Trusts, which are a great way to get around the horrid Deemed Disposal tax that exists in Ireland.  Invest Trusts are taxed at 33% and dividends are taxed at your Income Tax Rate - so they are a tax efficient way to invest in Ireland.

Disclaimer: This interview is not financial advise - please take opinions on the interview for education purposes only.

Show Notes:

https://www.itinvestor.co.uk https://money-makers.co/money-maker-podcasts https://www.theaic.co.uk https://www.amazon.co.uk/Financial-Times-Guide-Investment-Trusts/dp/1292232544

Where to buy investment trusts: https://www.interactivebrokers.ie https://www.degiro.ie

Come and Meet Andrew at the Next Limerick Meet up Group - https://www.meetup.com/financial-indepdence-limerick

Subscribe to the newsletter to stay in touch with regular monthly updates: https://www.firepodcast.ie/members

In this episode, Michael discusses The Barista FIRE Approach - the concept of building a small portfolio and letting compounding grow the portfolio while not withdrawing from the portfolio until when you retire.

Barista FIRE is a great approach to FIRE in Ireland, as its an extremely tax efficient way to approach early retirement, and still allows for an early retirement age of 55.

Subscribe to the newsletter to stay in touch with regular monthly updates: https://www.firepodcast.ie/members

In this episode, Michael discusses the options around what he invests in 2021 and provides an update on how his investments has changed over the last 3 years.

He answers questions such as:

- Do I still invest in Peer to Peer Lending? - What is the best way to save for my children's college fund? - What is the most tax efficient way to invest as a sole trader? - Why do I say that Cryptocurrency looks like a better investment than ETFs in Ireland? To keep up to date with Michael's journey, subscribe to the monthly newsletter at: https://www.firepodcast.ie/members

In this episode, Michael concludes a 3 part series on his FI calculations.  He talks about how the Die with Zero Calculator is actually an improvement on the 4% rule and discusses the art of subtraction once one reaches (or gets close to) FI.

Show Notes

Link to Die with Zero Calculator: https://www.moneyflamingo.com/free-resources/

Link to my FI calculations: https://www.firepodcast.ie/img/fi-number-calculation.png

Link to online meet up on 31st July 2024: https://www.meetup.com/financial-independence-limerick/events/301861738/

Link to Mad Fientist Article: https://www.madfientist.com/happiness-through-subtraction/

Become a subscriber to the monthly newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael answers a question from Sinead, who has recently sold up her property in Ireland and has moved to the Canaries.

Michael works through the numbers, to see if it is possible for Sinead to be financially independent within 5 years.

To keep up to date with Michael's journey, subscribe to the monthly newsletter at: https://www.firepodcast.ie/members

In this episode, Michael interviews Sean and Sinead from The Irish Savers Action Group (ISAG) Interview.  They are on a mission to promote financial literacy and to push positive progressive changes in the Irish investment tax rates.

You can learn more about ISAG at the following places:

ISAG Website: https://isag.ie

ISAG Facebook Page: https://www.facebook.com/groups/255087048882194 Join The Irish FIRE Monthly Newsletter at: https://www.firepodcast.ie/newsletter