Welcome! My name is Michael and I am on a journey towards financial independence.
In 2017 I made the decision to start to 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 produces enough monthly income to cover my monthly expenses - at that point, I will be truly financially independent.
I record podcast episodes, so join me as I discuss my journey towards financial independence and hear about the challenges and successes I have along the way.
I also publish my portfolio updates on a monthly basis. You can also register as a member for free and receive a monthly newsletter when you subscribe.
Friday, 1st October 2021
Last month I gave my presentation titled "Early Retirement Made Possible". I love presenting and I always find I learn so much about my own journey when I need to prepare for a presentation. Up until recently I've been frustrated with FIRE because I felt that to follow the 4% rule was so difficult in Ireland, largely due to the high tax rates. Yes, we can push everything into our pension, but that then rules out early retirement, with no option to retire in our 30's or 40's. It wasn't until I dug a little deeper, that I realised that perhaps we don't need to apply the 4% rule so strictly in Ireland 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!