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.
Wednesday, 1st September 2021
I have reflected a lot since recording my final episode on the podcast. Many of you have commented that there was a good bit of emotion in the episode, and you would be right. I was frustrated. Having worked hard for 3.5 years to build an investment portfolio, I was still so far away from hitting FI. I’ve spent the last few weeks researching alternative FIRE approaches. Some form of early retirement had to be possible in Ireland - surely early retirement isn’t just reserved for those who live in the US. When I reflect, I tend to go into deep thought about certain things, and this was one of those times. How can it be possible to retire early in the US with no decent state pension scheme and free health care, yet here in Ireland, with access to so much state support, early retirement didn’t seem possible. 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!