Welcome to The Irish FIRE Podcast. My name is Michael and I am on a journey towards financial independence.
Originally from New Zealand and now living in Ireland, I am happily married and a father of three boys!
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. In 2018 I was able to invest €46,000 towards my portfolio. I am on track to add another €46,000 to my portfolio in 2019.
For me, the most important thing my money can buy is freedom for myself and my family. In 2018 I was able to cut down from full time work to part time. This was my first step towards freeing up my time and seeing a lifestyle change as a result of my decision to chase financial freedom.
I will continue to grow my portfolio on a monthly basis and you can track my progress here. 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.
Friday, 20th September 2019
In this episode, Michael explores the idea of building potential income streams, in the hope that if one of them takes off, the upside payoff will give unlimited potential. He talks about why he made the decision to work part time - in the hope of using more of his time to work on various projects which might have a bigger upside in the long run. Listen Now
Wednesday, 18th September 2019
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. Listen Now
Monday, 16th September 2019
In this episode, Michael shares some of his knowledge on the FOREX trading industry. He looks at various options around active and passive FOREX trading. Listen Now
Tuesday, 25th June 2019
Taking your first step into the investing world isn’t going to be as difficult as you might think. I would definitely recommend the peer to peer investing world as a great place to start. Read More
Tuesday, 18th June 2019
Buying a house can be such an emotional decision. Too often, we forget to see the bigger picture – that this is actually going to cost money each month for a very, very long time. Too often we’re quick to make decisions about property for emotional reasons and we don't always factor in those financial reasons. If you’re going to achieve financial independence, the type of house that you’re living in will have a major impact on that. So if you’re looking for housing or trying to get on the property ladder, or if you’re on the ladder and considering an upgrade, then try and think with your head, as well as your heart. Read More
26th August 2019
Amazing content and insight - your podcasts are like my thoughts and goals articulated clearly in a New Zealand accent.
23rd August 2019
It is great to come across someone doing this and sharing their experience in Ireland.