In this episode, Michael discusses some strategies around how he and his family grocery shop.  He mentions some of the traps that he see's when shopping for food and shares some tips on how you can reduce your grocery bill.   He also shares the one item in Aldi that hasn't gone up in price for many years, as well as another item which has increased in price by 500% over the last year or so!   Show Notes:   Come along to an online or face to face meet up:  https://www.meetup.com/financial-independence-limerick   Watch How to Get Rich on Netflix:  https://www.imdb.com/title/tt27206017/   Join the newsletter:  https://www.firepodcast.ie/newsletter

In this episode, Michael discusses some strategies around how he and his family grocery shop.  He mentions some of the traps that he see's when shopping for food and shares some tips on how you can reduce your grocery bill. He also shares the one item in Aldi that hasn't gone up in price for many years, as well as another item which has increased in price by 500% over the last year or so! Show Notes: Come along to an online or face to face meet up: <a href="https://www.meetup.com/financial-independence-limerick" rel="nofollow" target="_blank">https://www.meetup.com/financial-independence-limerick</a> Watch How to Get Rich on Netflix: <a href="https://www.imdb.com/title/tt27206017/" rel="nofollow" target="_blank">https://www.imdb.com/title/tt27206017/</a> Join the newsletter: <a href="https://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter</a>

The Great Supermarket Ripoff

In this episode, Michael discusses everything solar panels related!  He goes through his own experience of having solar panels installed 12 months ago and lists the pro's and con's of installing solar panels.  Solar panels can be a great investment, but what factors should you consider before installing solar panels?  Michael looks to answer these questions in this episode.  Show Notes  Subscribe to the newsletter: https://www.firepodcast.ie/newsletter  Solar Panel Installers worth getting a quote from: Eco Green Resources - https://www.egr.ie Dolphin Utilities - https://dolphinutilities.com Open Solar - https://www.opensolar.com

In this episode, Michael discusses everything solar panels related!  He goes through his own experience of having solar panels installed 12 months ago and lists the pro's and con's of installing solar panels.  Solar panels can be a great investment, but what factors should you consider before installing solar panels?  Michael looks to answer these questions in this episode. Show Notes Subscribe to the newsletter: <a href="https://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter </a>Solar Panel Installers worth getting a quote from: Eco Green Resources - <a href="https://www.egr.ie/" rel="nofollow" target="_blank">https://www.egr.ie</a> Dolphin Utilities - <a href="https://dolphinutilities.com" rel="nofollow" target="_blank">https://dolphinutilities.com</a> Open Solar - <a href="https://www.opensolar.com/" rel="nofollow" target="_blank">https://www.opensolar.com</a>

Are Solar Panels a Good Investment?

In this episode, Michael is interviewed by Joshua from The Art of Money and Communication Podcast.  The interview covers various aspects, from trying to FIRE with children, embracing FIRE in a high inflation environment, discussing other FIRE influences and discussing some of the core aspects of FIRE - such as being uncomfortable and compounding your ability to earn, save and reduce expenses. Show Notes:  The original recording can be found at: https://podcasts.apple.com/ie/podcast/high-inflation-high-ambitions-unlocking-financial-independence/id1508117788?i=1000616927112  Subscribe to the monthly newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael is interviewed by Joshua from The Art of Money and Communication Podcast.  The interview covers various aspects, from trying to FIRE with children, embracing FIRE in a high inflation environment, discussing other FIRE influences and discussing some of the core aspects of FIRE - such as being uncomfortable and compounding your ability to earn, save and reduce expenses. Show Notes: The original recording can be found at: <a href="https://podcasts.apple.com/ie/podcast/high-inflation-high-ambitions-unlocking-financial-independence/id1508117788?i=1000616927112" rel="nofollow" target="_blank">https://podcasts.apple.com/ie/podcast/high-inflation-high-ambitions-unlocking-financial-independence/id1508117788?i=1000616927112 </a> Subscribe to the monthly newsletter: <a href="https://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter</a>

The Art of Money and Communication Interview

In this episode, Michael interviews Joshua from The Art of Money &amp; Communication Podcast. Joshua is originally from Wales and now living in London.  He is an Opera Singer and has been pursing FIRE for a number of years. Michael &amp; Joshua talk about a range of FIRE topics, from happiness in your career, trying to FIRE in the arts industry, following a simple investment strategy, how to decide to a job, to getting your partner onboard with FIRE.   Show Notes: Listen to Joshua's Podcast at: https://podcasts.apple.com/gb/podcast/the-art-of-money-communication/id1508117788   Subscribe to the Newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael interviews Joshua from The Art of Money &amp; Communication Podcast. Joshua is originally from Wales and now living in London.  He is an Opera Singer and has been pursing FIRE for a number of years. Michael &amp; Joshua talk about a range of FIRE topics, from happiness in your career, trying to FIRE in the arts industry, following a simple investment strategy, how to decide to a job, to getting your partner onboard with FIRE.  Show Notes: Listen to Joshua's Podcast at: <a href="https://podcasts.apple.com/gb/podcast/the-art-of-money-communication/id1508117788" rel="nofollow" target="_blank">https://podcasts.apple.com/gb/podcast/the-art-of-money-communication/id1508117788</a> Subscribe to the Newsletter: <a href="https://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter</a>

FIRE is for Everyone - Interview with Joshua

In this episode, Michael responses to a listener email.  The email asked Michael why he doesn't look to apply more moderation and consistency to his FI journey.  Michael responses by talking about the elephant in the room - that FIRE is extreme and that to make it work long term, it often needs to be done in phases.  He also talks about how compounding not only investments, but also our ability to earn income and reduce expenses, ultimately is what makes ones FI journey not a linear thing.  Show Notes:  Download and try The Die With Zero Calculator: https://www.moneyflamingo.com/free-resources/  Subscribe to the Monthly Newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael responses to a listener email.  The email asked Michael why he doesn't look to apply more moderation and consistency to his FI journey.  Michael responses by talking about the elephant in the room - that FIRE is extreme and that to make it work long term, it often needs to be done in phases. He also talks about how compounding not only investments, but also our ability to earn income and reduce expenses, ultimately is what makes ones FI journey not a linear thing. Show Notes: Download and try The Die With Zero Calculator: <a href="https://www.moneyflamingo.com/free-resources/" rel="nofollow" target="_blank">https://www.moneyflamingo.com/free-resources/</a> Subscribe to the Monthly Newsletter: <a href="https://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter</a>

The Elephant in the Room

Laura Mansbridge

In this episode, Michael talks with Laura Mansbridge, a mortgage broker based in Limerick.    Michael and Laura talk everything mortgages, including mortgages for first time buyers, equity release, buying property through a company and a pension, advantages of using a mortgage broker and associated costs. Show Notes: Laura can be reached at: Email - laura@mortgageabc.ie Phone - 087 942 1243 Disclaimer: Information in this episode is for education purposes only.  When it comes to mortgages, all situations are different.  Please consult your own mortgage broker or contact Laura directly to answer any specific questions. Subscribe to the monthly newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael talks with Laura Mansbridge, a mortgage broker based in Limerick.    Michael and Laura talk everything mortgages, including mortgages for first time buyers, equity release, buying property through a company and a pension, advantages of using a mortgage broker and associated costs. Show Notes: Laura can be reached at: Email - <a href="mailto:laura@mortgageabc.ie">laura@mortgageabc.ie</a> Phone - 087 942 1243 Disclaimer: Information in this episode is for education purposes only.  When it comes to mortgages, all situations are different.  Please consult your own mortgage broker or contact Laura directly to answer any specific questions. Subscribe to the monthly newsletter: <a href="https://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter</a>

Mortgages with Laura Mansbridge

In this episode, Michael covers the second part of his 12 FIRE rules. In part two, he covers his 5 rules related to income and investing. Michael shares his advise around why income is the most important FIRE attribute, the importance of an emergency fund, why keeping investing simple is the best approach and that average market returns are OK!   He also provides a quick personal update on his FIRE journey in life post Flamingo FIRE!   Disclaimer: Michael is not a financial advisor and any investment advise in this episode is for entertainment purposes only.   Show Notes:  Subscribe to the monthly newsletter at:  www.firepodcast.ie/newsletter

In this episode, Michael covers the second part of his 12 FIRE rules. In part two, he covers his 5 rules related to income and investing. Michael shares his advise around why income is the most important FIRE attribute, the importance of an emergency fund, why keeping investing simple is the best approach and that average market returns are OK! He also provides a quick personal update on his FIRE journey in life post Flamingo FIRE! Disclaimer: Michael is not a financial advisor and any investment advise in this episode is for entertainment purposes only. Show Notes: Subscribe to the monthly newsletter at: <a href="http://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">www.firepodcast.ie/newsletter</a>

My 12 FIRE Rules - Part 2

In this episode, Michael covers his 12 FIRE rules.  In part one, he covers his 7 rules related to managing expenses.  Since 2018, Michael has actually decreased his annual expenses, even with rising inflation.  He lists his 7 rules related to how his family have reduced expenses overtime.   He also provides a quick personal update on his FIRE journey, which has hit a significant milestone in May 2023.   Show Notes:   Subscribe to the newsletter:  https://www.firepodcast.ie/newsletter   Track Michael's Monthly Progress:  https://www.firepodcast.ie/progress

In this episode, Michael covers his 12 FIRE rules.  In part one, he covers his 7 rules related to managing expenses.  Since 2018, Michael has actually decreased his annual expenses, even with rising inflation.  He lists his 7 rules related to how his family have reduced expenses overtime. He also provides a quick personal update on his FIRE journey, which has hit a significant milestone in May 2023. Show Notes: Subscribe to the newsletter: <a href="https://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter</a> Track Michael's Monthly Progress: <a href="https://www.firepodcast.ie/progress" rel="nofollow" target="_blank">https://www.firepodcast.ie/progress</a>

My 12 FIRE Rules - Part 1

In this episode, Michael gives his five key takeaways from the book 'Die with Zero', which has because a bit of a stable for FIRE enthusiasts.  He lists his five main takeaway points from the book and gives his own take on how he has implemented changes after listening to the book.  Show Notes  Listen to the book: https://www.youtube.com/watch?v=nCsfH3U51jA  Sign up to the newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael gives his five key takeaways from the book 'Die with Zero', which has because a bit of a stable for FIRE enthusiasts.  He lists his five main takeaway points from the book and gives his own take on how he has implemented changes after listening to the book. Show Notes Listen to the book: <a href="https://www.youtube.com/watch?v=nCsfH3U51jA" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=nCsfH3U51jA</a> Sign up to the newsletter: <a href="https://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter</a>

5 Takeaways from ’Die With Zero’

In this episode, Michael discusses one of the hidden secrets of the FIRE movement - the element of luck, or chance!  Luck (both good and bad) plays a huge role in one's ability to hit FIRE and is often underrated.  Michael gives examples of those in the FIRE community that have experienced good luck on their journey, as well as giving examples of his own good luck from the last 5 years.  Show Notes:  March blog update: https://www.firepodcast.ie/march-2023-portfolio-update  Example of typical Market Watch article with an early retiree who was nothing but lucky (in this case, they borrowed significant money from his in-laws) https://www.businessinsider.com/real-estate-investing-passive-income-teacher-retires-early-2021-2  Subscribe to the newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael discusses one of the hidden secrets of the FIRE movement - the element of luck, or chance!  Luck (both good and bad) plays a huge role in one's ability to hit FIRE and is often underrated.  Michael gives examples of those in the FIRE community that have experienced good luck on their journey, as well as giving examples of his own good luck from the last 5 years. Show Notes: March blog update: <a href="https://www.firepodcast.ie/march-2023-portfolio-update" rel="nofollow" target="_blank">https://www.firepodcast.ie/march-2023-portfolio-update</a> Example of typical Market Watch article with an early retiree who was nothing but lucky (in this case, they borrowed significant money from his in-laws) <a href="https://www.businessinsider.com/real-estate-investing-passive-income-teacher-retires-early-2021-2" rel="nofollow" target="_blank">https://www.businessinsider.com/real-estate-investing-passive-income-teacher-retires-early-2021-2</a> Subscribe to the newsletter: <a href="https://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter</a>

The Element of Luck

Michael discusses financial independence in an Irish context.  Join him as he shares stories of his own journey towards financial independence, interviews others on FIRE related topics and tries to work out the best path to early retirement in Ireland.

The Irish FIRE Podcast

Michael makes a big announcement in this episode. Michael has made the decision to start living in a "semi-retired" status. He talks about how the story of "The Mexican Fisherman" inspired him to work towards reducing his working hours as much as possible. Michael talks about how a couple of his projects which he has been working on are now at a stage where he can step into them more and as a result, is able to cut back on his web development hours and effectively has become semi retired as a result - working around 10 hours per week. Quotes from the Episode: "Forever has to start one day. We are so prone to look so far into the distance, we forget we need to make the leap at some point into retirement." "The FIRE Movement is more of a time independence movement." Show Notes: The Mexican Fisherman on the Informed Decisions Podcast: https://www.informeddecisions.ie/podcast97-the-mexican-fisherman/ Recent article about Michael developing hockey clubs in Munster: https://www.irishexaminer.com/breakingnews/sport/munster-mission-is-to-grow-hockey-based-on-irelands-success-965845.html Subscribe to the newsletter https://www.firepodcast.ie/newsletter

Michael makes a big announcement in this episode. Michael has made the decision to start living in a "semi-retired" status. He talks about how the story of "The Mexican Fisherman" inspired him to work towards reducing his working hours as much as possible. Michael talks about how a couple of his projects which he has been working on are now at a stage where he can step into them more and as a result, is able to cut back on his web development hours and effectively has become semi retired as a result - working around 10 hours per week. Quotes from the Episode: "Forever has to start one day. We are so prone to look so far into the distance, we forget we need to make the leap at some point into retirement." "The FIRE Movement is more of a time independence movement." Show Notes: The Mexican Fisherman on the Informed Decisions Podcast: <a href="https://www.informeddecisions.ie/podcast97-the-mexican-fisherman/" rel="nofollow" target="_blank">https://www.informeddecisions.ie/podcast97-the-mexican-fisherman/</a> Recent article about Michael developing hockey clubs in Munster: <a href="https://www.irishexaminer.com/breakingnews/sport/munster-mission-is-to-grow-hockey-based-on-irelands-success-965845.html" rel="nofollow" target="_blank">https://www.irishexaminer.com/breakingnews/sport/munster-mission-is-to-grow-hockey-based-on-irelands-success-965845.html</a> Subscribe to the newsletter <a href="https://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter</a>

Becoming the Mexican Fisherman

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. Show Notes: Rich Dad Poor Dad: https://amzn.to/2mEsgxG A Simple Path to Wealth: https://amzn.to/2nsaKwX Money Master the Game: https://amzn.to/2o6RIw0 Come and join Michael at an event: https://www.firepodcast.ie/events

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. Show Notes: Rich Dad Poor Dad: <a href="https://amzn.to/2mEsgxG" rel="nofollow" target="_blank">https://amzn.to/2mEsgxG</a> A Simple Path to Wealth: <a href="https://amzn.to/2nsaKwX" rel="nofollow" target="_blank">https://amzn.to/2nsaKwX</a> Money Master the Game: <a href="https://amzn.to/2o6RIw0" rel="nofollow" target="_blank">https://amzn.to/2o6RIw0</a> Come and join Michael at an event: <a href="https://www.firepodcast.ie/events" rel="nofollow" target="_blank">https://www.firepodcast.ie/events</a>

How to get started on your financial independence journey

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".

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".

The Financial Independence Trap

Robert White

In this episode, Michael talks with Robert White. Robert is in his 30's and he and his wife Emma became financially independence in 2015. Robert is from Romania originally, but worked in Germany for a few years on his path to FI. In the interview, we talk about how Robert &amp; Emma were able to become financially independent, we talk about how he was able to start side hustles and earn extra income. Robert gives away his secret to how he was able to launch so many side businesses so quickly. We talk in the interview about what Robert is doing now - and how life is different to him now since he became financially independent.  Show Notes: Robert White Facebook Page: https://www.facebook.com/mrwwlcb Contact Robert at: wlcbblog@gmail.com Checkout FIRE Hub: https://firehub.eu/ Facebook page: https://www.facebook.com/firehub.eu/ Facebook Group: https://www.facebook.com/groups/fire.europe/ Subscribe to the newsletter at: https://www.firepodcast.ie/newsletterhttps://www.firepodcast.ie/newsletter

In this episode, Michael talks with Robert White. Robert is in his 30's and he and his wife Emma became financially independence in 2015. Robert is from Romania originally, but worked in Germany for a few years on his path to FI. In the interview, we talk about how Robert &amp; Emma were able to become financially independent, we talk about how he was able to start side hustles and earn extra income. Robert gives away his secret to how he was able to launch so many side businesses so quickly. We talk in the interview about what Robert is doing now - and how life is different to him now since he became financially independent. Show Notes: Robert White Facebook Page: <a href="https://www.facebook.com/mrwwlcb" rel="nofollow" target="_blank">https://www.facebook.com/mrwwlcb</a> Contact Robert at: <a href="mailto:wlcbblog@gmail.com">wlcbblog@gmail.com</a> Checkout FIRE Hub: <a href="https://firehub.eu/" rel="nofollow" target="_blank">https://firehub.eu/</a> Facebook page: <a href="https://www.facebook.com/firehub.eu/" rel="nofollow" target="_blank">https://www.facebook.com/firehub.eu/</a> Facebook Group: <a href="https://www.facebook.com/groups/fire.europe/" rel="nofollow" target="_blank">https://www.facebook.com/groups/fire.europe/</a> Subscribe to the newsletter at: <a href="https://www.firepodcast.ie/register" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter</a><a href="https://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter</a>

How I became Financially Independent with Robert White

Alvar Damen

In this episode, Michael talks to Alvar Damen. Alvar is a co host of the Financial Independence Europe podcast, is 26 years old and originally from The Netherlands, currently living in Scotland. Alvar talks about how he is trying to archive FI as an employee. He talks about some travel hacks that he has and touches on how important side projects are for him. He gives some examples of various side hustles that one could start. He also talks about his FI number and the types of investments he has and how him and his girlfriend work together on their FI journey. Show Notes: Mad Fientist Spreadhsheet: https://www.madfientist.com/financial-independence-spreadsheet/ MMM - Spreadsheet to rule them all: https://docs.google.com/spreadsheets/d/1T6RgJnzZo1bdGHA0a5JBQqqSSEPX2xDrCT5zioWr9z8/edit Getting in touch with Alvar at FI Europe Podcast: Website: https://financial-independence.eu/ Facebook Page: https://www.facebook.com/financialindependenceeurope/ Facebook Group: https://www.facebook.com/groups/financialindependenceeurope/?ref=FIeuropetopnav Twitter: https://twitter.com/fieurope Instagram: https://www.instagram.com/fieurope Events: https://www.firepodcast.ie/events

In this episode, Michael talks to Alvar Damen. Alvar is a co host of the Financial Independence Europe podcast, is 26 years old and originally from The Netherlands, currently living in Scotland. Alvar talks about how he is trying to archive FI as an employee. He talks about some travel hacks that he has and touches on how important side projects are for him. He gives some examples of various side hustles that one could start. He also talks about his FI number and the types of investments he has and how him and his girlfriend work together on their FI journey. Show Notes: Mad Fientist Spreadhsheet: <a href="https://www.madfientist.com/financial-independence-spreadsheet/" rel="nofollow" target="_blank">https://www.madfientist.com/financial-independence-spreadsheet/</a> MMM - Spreadsheet to rule them all: <a href="https://docs.google.com/spreadsheets/d/1T6RgJnzZo1bdGHA0a5JBQqqSSEPX2xDrCT5zioWr9z8/edit" rel="nofollow" target="_blank">https://docs.google.com/spreadsheets/d/1T6RgJnzZo1bdGHA0a5JBQqqSSEPX2xDrCT5zioWr9z8/edit</a> Getting in touch with Alvar at FI Europe Podcast: Website: <a href="https://financial-independence.eu/" rel="nofollow" target="_blank">https://financial-independence.eu/</a> Facebook Page: <a href="https://www.facebook.com/financialindependenceeurope/" rel="nofollow" target="_blank">https://www.facebook.com/financialindependenceeurope/</a> Facebook Group: <a href="https://www.facebook.com/groups/financialindependenceeurope/?ref=FIeuropetopnav" rel="nofollow" target="_blank">https://www.facebook.com/groups/financialindependenceeurope/?ref=FIeuropetopnav</a> Twitter: <a href="https://twitter.com/fieurope" rel="nofollow" target="_blank">https://twitter.com/fieurope</a> Instagram: <a href="https://www.instagram.com/fieurope" rel="nofollow" target="_blank">https://www.instagram.com/fieurope</a> Events: <a href="https://www.firepodcast.ie/events" rel="nofollow" target="_blank">https://www.firepodcast.ie/events</a>

Financial Independence as an employee, with Alvar Damen

Vince Doherty

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. You can follow Vince at his blog at Ignite my FIRE. To join the Dublin Financial Independence meet up group click here.

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 '<a href="https://www.meetup.com/Financial-Independence-Ireland" rel="nofollow" target="_blank">Financial Independence Ireland</a>' meet up group. Vince shares his own story, explains what he invests in and shares details about his meet up group. You can follow Vince at his blog at <a href="http://ignitemyfire.ie/" rel="nofollow" target="_blank">Ignite my FIRE</a>. To join the Dublin Financial Independence meet up group <a href="https://www.meetup.com/Financial-Independence-Ireland" rel="nofollow" target="_blank">click here</a>.

Financial Indepdence with Vince Doherty

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. This episode originally appeared on the Financial Independence Europe podcast: https://financial-independence.eu/podcast/061-enjoying-the-road-to-fi-michael-playing-with-fire/

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. This episode originally appeared on the Financial Independence Europe podcast: <a href="https://financial-independence.eu/podcast/061-enjoying-the-road-to-fi-michael-playing-with-fire/" rel="nofollow" target="_blank">https://financial-independence.eu/podcast/061-enjoying-the-road-to-fi-michael-playing-with-fire/</a>

Talking Financial Independence with Alvar Damen

Guy Davis

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. Guy has always had this amazing ability to put time and freedom ahead of material possessions. This hasn't stopped his doing what he loves (such as traveling), but at this same time he has this vision to life his life in a relaxed, low cost life style. Guy is originally from Brisbane in Australia, but is currently living in Auckland, New Zealand, and has two kids aged 7 and 4. We touch on his financial education approach with his kids during the interview. Quotes from the episode: "When there is blood on the streets, that's when you need to be buying stocks." "If it is truly going to be the end of the financial system, the money in the bank is probably no good to you... so you may as well put it in equities as there is a very good chance your close to a bottom." "Financial Independence is delaying the short term gratification, knowing that your going to get a better pay off down the track."

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. Guy has always had this amazing ability to put time and freedom ahead of material possessions. This hasn't stopped his doing what he loves (such as traveling), but at this same time he has this vision to life his life in a relaxed, low cost life style. Guy is originally from Brisbane in Australia, but is currently living in Auckland, New Zealand, and has two kids aged 7 and 4. We touch on his financial education approach with his kids during the interview. Quotes from the episode: "When there is blood on the streets, that's when you need to be buying stocks." "If it is truly going to be the end of the financial system, the money in the bank is probably no good to you... so you may as well put it in equities as there is a very good chance your close to a bottom." "Financial Independence is delaying the short term gratification, knowing that your going to get a better pay off down the track."

Financial Independence with Guy Davis

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. He looks at different options, such as: - Clearing off high interest debt. - Invest in cash producing assets. Once the cash flow from the investments pays for your mortgage, you will be effectively mortgage free. - Start making extra repayments on your debt and track it as an investment. Effectively borrow against your investment portfolio, with a promise to pay it back, plus interest.

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. He looks at different options, such as: - Clearing off high interest debt. - Invest in cash producing assets. Once the cash flow from the investments pays for your mortgage, you will be effectively mortgage free. - Start making extra repayments on your debt and track it as an investment. Effectively borrow against your investment portfolio, with a promise to pay it back, plus interest.

Pay off debt or invest... how about both!

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. Show Notes: Here is a link to the Mexican Fisherman episode by Paddy Delaney which I mention in the episode: https://www.informeddecisions.ie/podcast97-the-mexican-fisherman/

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. Show Notes: Here is a link to the Mexican Fisherman episode by Paddy Delaney which I mention in the episode: <a href="https://www.informeddecisions.ie/podcast97-the-mexican-fisherman/" rel="nofollow" target="_blank">https://www.informeddecisions.ie/podcast97-the-mexican-fisherman/</a>

Is financial independence a journey or a destination?

In this episode, Michael provides feedback from what he learnt at the Madrid FIRE 2019 conference. Quotes from the episode: "Financial Independence isn't about money. Money is a tool to give you freedom with your time." "Financial Independence is about spending all your money!" "The best thing I can be doing for my kids, is not leaving them my money... but teaching them how to become financially independent."

In this episode, Michael provides feedback from what he learnt at the Madrid FIRE 2019 conference. Quotes from the episode: "Financial Independence isn't about money. Money is a tool to give you freedom with your time." "Financial Independence is about spending all your money!" "The best thing I can be doing for my kids, is not leaving them my money... but teaching them how to become financially independent."

What I learnt from the Madrid FIRE 2019 Conference

In this episode, Michael explores the energy that one puts into various tasks - from work, personal projects, investing and life in general. He noticed that while he had cut down his working hours to as little as possible, he still found himself without enough time. Michael then came to the realisation that it wasn't time he was lacking - but energy. Michael discusses the concept of how one needs to manage their energy as well as their time - as there is only so much energy we have in one day. Michael also gives an update on how life has been going since moving down to semi retirement hours and his goal for 2020. Show Notes Subscribe to the newsletter https://www.firepodcast.ie/newsletter

In this episode, Michael explores the energy that one puts into various tasks - from work, personal projects, investing and life in general. He noticed that while he had cut down his working hours to as little as possible, he still found himself without enough time. Michael then came to the realisation that it wasn't time he was lacking - but energy. Michael discusses the concept of how one needs to manage their energy as well as their time - as there is only so much energy we have in one day. Michael also gives an update on how life has been going since moving down to semi retirement hours and his goal for 2020. Show Notes Subscribe to the newsletter <a href="https://www.firepodcast.ie/newsletter" rel="nofollow" target="_blank">https://www.firepodcast.ie/newsletter</a>

Time VS Energy

The Best Multi-Part Documentaries, with documentaries on Obama, Federer vs Nadal, the making of Star Wars, Netflix vs Blockbuster and more. Add episodes you're interested into your queue below!

Best Multi-Part Documentaries

The best podcasts on investing. For anyone interested in the stories in the investing industry, whether it's an interview with Ray Dalio or Ed Thorp to the writer of The Big Short. This topic includes the most fascinating stories from all the best investors. Add episodes you're interested into your queue below!