Irish Financial Independence & Personal Finance Podcast

All Podcast Episodes

Listen to The Irish FIRE Podcast on the following platforms

Episode 34: Peer to Peer Lending, with David Jelly from Property Bridges

Tuesday, 15th October 2019

In this episode, Michael talks with David Jelly from Property Bridges. David founded Property Bridges in 2018 and has seen it grow to over 2,000 investors. David shares his knowledge of the peer to peer lending space - both in Ireland and within Europe. David also shares about an exciting development that Property Bridges is working on - which will allow Irish investors to invest in Property Bridges through a pension!

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Episode 33: Happiness VS Financial Independence

Friday, 11th October 2019

In this episode, Michael explores the idea that happiness and financial independence is a trade off. He challenges the listener to start living their life as if they were retired, and to start doing the things that they want to do now - rather than waiting until retirement.

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Episode 32: Should you cruise your way to financial independence

Tuesday, 8th October 2019

In this episode, Michael explores a concept known as cruise FI - where you focus your engery on building a large pension pot which you can then access in retirement. Once you have that retirement saving, you can then relax, knowing that you have the large pension available.

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Episode 31: How to get started on your financial independence journey

Tuesday, 1st October 2019

In this episode Michael lists the 7 steps that he followed when he started pursuing financial independence. Michael tackles the "how" to FI, and gives practical steps for you to get started on your own FI journey.

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Episode 30: Talking money with Aoife Gaffney

Thursday, 26th September 2019

In this episode, Michael talks to Aoife Gaffney, AKA Prudence Money Penny. Aoife is a Certified Behavioural Money Coach (CMC), Accredited Business All Stars Thought Leader, professional speaker and writer and former financial adviser. Michael interviews Aoife about a person's relationship with money, how you can improve your view point with money and just share general tips and advise when it comes to managing money!

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Episode 29: Why my investment portfolio is so unconventional

Monday, 23rd September 2019

In this episode, Michael explores the different tax rules around investments in Ireland and explain why he invests in certain assets based on the tax rates. He explains that tax rates are all about incentives and explores the good and bad investments based on tax rates. He highlights three investment tools that are tax efficient - pensions, capital gains tax and corporate tax - and explores options around each of these.

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Episode 28: Multiple Income Potentials

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.

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Episode 27: How we use credit cards to manage our cash flow

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.

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Episode 26: All you need to know about active and passive FOREX trading

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.

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Episode 25: Talking Pensions with Ralph Benson from Moneycube

Wednesday, 11th September 2019

In this episode, Michael talks to Ralph Benson from Moneycube. Ralph is on a mission to add more transparency to pensions and investment products.

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Episode 24: Pay off debt or invest... how about both!

Friday, 6th September 2019

In this episode, Michael tackles the question of should you focus of paying debt (or your mortgage) quicker by making extra repayments, or should you invest.

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Episode 23: Financial Independence with Guy Davis

Wednesday, 4th September 2019

In this episode, Michael talks with Guy Davis. Guy is a long time friend who Michael meet back to 2004. Guy started his financial Independence journey when he was 18 (he is in his mid 30's now.) What makes his story special, is that he began investing before the 2008 financial crisis, so has survived a recession and came out the other side better for it.

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Episode 22: The Financial Independence Trap

Friday, 30th August 2019

In this episode Michael discusses the trap between time and money. He mentions that there is no magic number and that what we are ultimately looking for when we aim for financial Independence, is time freedom.He mentions to start micro managing your FI journey and focus on yearly goals, rather than focusing on the final "big number".

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Episode 21: Talking Financial Independence with Alvar Damen

Wednesday, 28th August 2019

In this episode, I am interviewed by Alvar Damen from the Financial Independence Europe podcast. We discuss various FI topics, from trying to be financially independent in Ireland to trying to be financially independent with kids.

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Episode 20: How to build scalable businesses with Stephen Somers

Monday, 26th August 2019

In this episode, Michael talks with Stephen Somers from Marketplace Super Heroes. Stephen talks about how he built a scalable business selling products on Amazon. Stephen covers topics such as how it is possible to set up a business selling directly on Amazon and how to go about that process, from finding a product to sell, finding the supplier, to using the Amazon FPA system where Amazon will ship the product on your behalf, including dealing with the customer service and shipping.

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Episode 19: Legal tax deducations when you own a company

Monday, 19th August 2019

In this episode, Michael looks at some of the tax deductions available for corporations. The episode covers expenses which can be claimed for both international listeners, as well as expenses specific to Ireland. He highlights that company owners can take advantages of so many tax reducing methods that are not available for PAYE earners.

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Episode 18: Is financial independence a journey or a destination?

Friday, 16th August 2019

In this episode, Michael explores the concept that financial independence is as much about your mindset and enjoying the journey of financial freedom. He suggests that perhaps there is no "pot of gold at the end of the rainbow" and explains why his decision to cut down to part time work was to help enjoy the journey to financial independence.

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Episode 17: Talking Financial Independence with Rob of the Green

Wednesday, 14th August 2019

In this episode, Michael talks with Rob O'Donohue from the 1% Better Podcast. We discuss many aspects of financial independence, but the big take away from the interview is adapting your lifestyle to start living like your financially independent!

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Episode 16: Welcome to the information age

Wednesday, 7th August 2019

In this episode, Michael explores the idea around what the information age means to the new way to earn money and challenges some of the traditional conventions, such as the 9-5 working hours, the 8 hour work day, working 5 days a week and working in an office. He challenges the listener to think about their own career choice to ask is there another way that you could be considering to make money?

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Episode 15: The August '19 Update

Wednesday, 7th August 2019

In this episode, Michael gives an update on his own personal financial independence journey, from talking about the scalable businesses he is developing, giving an update on his causal work hours experiment and discussing his overall investment portfolio.

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Episode 14 - Ways to increase your income - part 3

Monday, 5th August 2019

In this episode, Michael explains how to increase your income by building scalable businesses. He gives specific examples by explaining about some of the scalable businesses he is developing and challenges you to see if you could start your own scalable business.

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Episode 13 - Ways to increase your income - part 2

Friday, 2nd August 2019

In this episode, Michael explores the option of being a contractor or freelancer by invoicing through a corporation. He discusses the various ways of invoicing and how changing to a "value based" billing model had significant advantages to the traditional time billing model. He also discusses the tax advantages of contracting through a corporation VS the traditional PAYE employee model.

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Episode 12 - Ways to increase your income - part 1

Wednesday, 31st July 2019

In this episode, Michael discusses the best ways to increase your income, while avoiding paying excess tax. It can be very difficult in Ireland to get ahead financially when the personal tax rates hit 50% on only a very average income. Michael discusses ways to minimum your tax liability, while giving you a vehicle to increase your income in a tax efficient structure. This is part 1 of a 3 on ways to increase your income.

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Episode 11 - Why you should invest in the sharemarket

Monday, 29th July 2019

On this episode, Michael discusses why he invests in the S & P 500 and why you should consider it also. Michael discusses the mindset needed to invest in the share market and why he invests in low cost index funds rather than selecting his own stocks

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Episode 10 - Financial Independence with Vince Doherty

Saturday, 27th July 2019

On this episode Michael has an interview with Vince Doherty. Vince has been interested in financial independence for the last 3 years and is the founder of the 'Financial Independence Ireland' meet up group. Vince shares his own story, explains what he invests in and shares details about his meet up group.

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Episode 9 - What we teach our kids about financial independence

Wednesday, 10th July 2019

Find out what we teach our children about financial independence and how we try to get them to see how the world looks from an investing point of view.

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Episode 8 - Let the good times roll

Tuesday, 2nd July 2019

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?".

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Episode 7 - How long would it take to be financially independent saving €3000 per month

Monday, 1st July 2019

Michael crunches the numbers in this episode to calculate how many years one would need to invest €3000 per month to be financially independent. He also discusses his plan A and plan B for financial Independence, and explains why he feels building businesses might be a short cut to financial Independence.

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Episode 6: How to get started in peer to peer lending

Tuesday, 25th June 2019

Michael gives a brief history of the peer to peer lending industry in Europe and explains why p2p lending is a good asset class. He recommends a p2p lender in Europe and explains how to get started in peer to peer lending.

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Episode 5: Persistence, the difference between success and failure

Tuesday, 25th June 2019

In this episode, Michael discusses the art of having persistence and shares stories about how success is often only one step away from failure. He also shares his own experience about how failure in his managed FOREX trading investments eventually led to success.

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Episode 4: How to become financially independent as a PAYE earner?

Tuesday, 18th June 2019

If you're hoping to become financially independent as a PAYE earner, than you are at a disadvantage. But don't fret! As Michael offers a solution to earn revenue through additional methods.

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Episode 3: Why your house isn't an asset?

Tuesday, 18th June 2019

A lot of us take pride in our homes as we become emotionally attached to them. In this episode Michael discusses why your house isn't an asset, and that your house might be the biggest difference between whether or not you will be able to reach financial freedom.

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Episode 2: How to take control of your money?

Tuesday, 11th June 2019

What's the first step in obtaining financial independence? Well, it's your spending habits of course! On today's episode, Michael talks about how he eliminated wasteful spending and offers tips on how to cut expenses. The episode also covers how he manages his money to ensure spending is managed each and every month.

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Episode 1: Introduction into financial freedom

Wednesday, 5th June 2019

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.

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