Michael discusses financial independence in an Irish context. Join him as he shares stories of his own journey towards financial independence, interviews other...
In this episode, Michael shares the news that he has been asked to write regularly on personal finance for The Irish Independent and how writing on a main stream newspaper has meant that his near FI status is now being shared on a national scale! He discusses the challenges and joys of transitioning to semi-retirement, from embracing flexibility in his work schedule to tackling more household tasks. Looking ahead, Michael outlines his family’s plans for 2025, including a long-awaited trip to New Zealand and paying off a personal loan for solar panels and vehicle upgrades. He explains the financial balancing act of covering these expenses, working less, and managing higher taxes while letting his FI portfolio coast.
Show Notes
Read The Irish Independent article here:
https://archive.ph/NDQLZ
Subscribe to the newsletter:
https://www.firepodcast.ie/newsletter
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12:33
The Transition to Semi Retirement
In this episode, Michael discusses how embracing a low-cost lifestyle has helped him and his family move closer to Financial Independence. He shares updates on his portfolio, his transition into semi-retirement, and the conscious trade-offs he's made to prioritise time freedom over material wealth.
Show Notes:
The Three Phases of FI
https://www.firepodcast.ie/three-phases-of-fi
Limerick FI Meet Up Group:
https://www.meetup.com/financial-independence-limerick/
Subscribe to the monthly newsletter:
https://www.firepodcast.ie/newsletter
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13:30
Realisations on 100 Episodes
In this episode, Michael celebrates episode 100 of The Irish FIRE Podcast by looking back over the last 7 years of his FIRE journey, and giving his reflections on a year by year basis since he started his journey in 2018.
Michael is now only a few months away from hitting FI, and Michael shares his thoughts on both how his journey has panned out, but also what he expects from the future once he reaches FI.
Show Notes
Subscribe to the monthly newsletter:
https://www.firepodcast.ie/newsletter
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18:05
When FIRE Goes Horribly Wrong
In this episode, Michael dives into the Playing with FIRE documentary and explores the balance between achieving financial independence and living a fulfilling life in the present. He discusses the Rieckens' journey, the challenges they face, and whether the sacrifices they make are truly aligned with their core mission of spending more time as a family.
Show Notes
Learn more about An Dúlra Co-Op (planting native forests):
https://www.andulra.ie/co-op
Youtube "Playing with Fire Full Documentary" to find the Playing with Fire Documentary
Mr Money Mustache FIRE video:
https://www.youtube.com/watch?v=8-Li_sFNc4Q
Join the newsletter and keep in touch with monthly updates:
https://www.firepodcast.ie/newsletter
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17:56
What Would Ramit Say?
In this episode, Michael explores some of the ideas from Ramit Sethi and his book, podcast and TV program 'I will Teach You To Be Rich' and 'How to Get Rich'.
He challenges some of the idea's that Ramit presents when it comes to personal finance, and factors in some of the things which Ramit tends to overlook about the FIRE movement.
Show Notes
Mad Fientist interview with Ramit:
https://www.madfientist.com/ramit-sethi-interview/
Carl & Mindy interview with Ramit:
https://www.youtube.com/watch?v=Fm3jlsW7W34
Ramit's website:
https://www.iwillteachyoutoberich.com/
Ramit's Netflix show:
https://www.netflix.com/title/81410436
Subscribe to the newsletter & following my FIRE progress:
https://www.firepodcast.ie/newsletter
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.
Ireland