Welcome! My name is Michael and I am on a journey towards financial independence.
In 2018 I started my journey towards financial freedom. I was sick of selling my time for money and realised that through the power of compounding interest, I could work towards financial independence.
For me, the most important thing my money can buy is freedom for myself and my family. My ultimate goal is to build a portfolio that we can withdraw from to cover our expenses - at that point, we will be truly financially independent.
I record podcast episodes and provide monthly updates on progress in blog format. Join me as I discuss my journey towards financial independence and hear about the challenges and successes I have along the way.
You can also register as a member for free and receive a monthly newsletter when you subscribe.
Tuesday, 4th January 2022
From my own financial point of view, 2021 was a great year. I added €54,000 to my portfolio and my portfolio grew from around €125k at the start of the year to just over €220k. Far better than I could ever have imagined. However, I am also well aware that we now face a sharemarket that is showing signs of being overvalued and house prices in Ireland have increased over 10% in the last 12 months. Read More
Wednesday, 28th July 2021
In the final episode of the podcast, Michael gives his final thoughts on achieving FI in Ireland. He explains that given the structure of Irish tax system, we are forced to take a longer term approach to FI and realistically early retirement in Ireland is more likely to take place when one is in their 50's. Listen Now
Saturday, 5th June 2021
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. Listen Now
23rd September 2019
Been listening to your podcast for some time now, and greatly appreciate both the solo and the ones with guests. I think you're doing great traversing the somewhat unexplored European jungle of the FIRE mindset
13th September 2019
I’ve been listening to your podcast for the last few months and have never been so excited about money and thinking of the future!