In this episode, Michael republishes his interview on the Freedom Before FI podcast which covers his journey to financial independence and what life looks like along the way. He shares his story of moving from New Zealand to Limerick, raising a family of five, and how he’s built up a €700k+ investment portfolio split between property and stocks. Michael also talks about lifestyle design, seasonal and part-time work, and how keeping a 75% savings rate was possible while still enjoying life.
The interview also considers the human side of FI - how financial freedom has improved family life, the way he teaches his kids about money and investing, and what purpose looks like once work is optional. Michael shares what it’s like writing for The Irish Independent, filling his days with meaningful projects, and the habits and lessons that have shaped his path. Stick around until the end for a fun quick-fire round where Michael reveals the book that changed his perspective, the small things you can do this week to start investing, and the lessons he wishes he’d known ten years ago.
Show Notes:
Here are the links to the original interview:
https://open.spotify.com/show/0XxPgEeuGayTqaEwUE19mk
See the interview on Youtube:
https://www.youtube.com/watch?v=ndeNIEUwtn0
Become an Irish FIRE newsletter subscriber:
https://www.firepodcast.ie/newsletter
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50:35
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50:35
Life Options in a Post-FI World
In this episode, Michael shares what life really looks like after reaching Financial Independence. Spoiler: it's not all hammocks and golf rounds.
From repainting rental properties and managing guilt over working less, to the emotional weight of holding a full time job post-FI, this episode explores the unexpected complexities that come once you hit your FI number - and why "freedom" sometimes brings more questions than answers.
Michael unpacks:
The emotional cost of being a “nice guy” landlord
Delegating property tasks and embracing manual labour
Feeling out of sync with the 9-5 life (even when it’s “flexible”)
The surprise guilt of working less - and still feeling overcommitted
The temptation and reality of buying a holiday home
Lessons learned from an entrepreneurial brother-in-law
Why retirement isn't the answer - and FIRE is more about framework than finality
Show Notes
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18:20
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18:20
6 Year Anniversary Special - The Community Strikes Back
In this anniversary episode, Michael invites you into the heart of the Limerick FI community, sharing real stories from local members on their own FIRE journeys. You’ll hear how the Limerick WhatsApp and Meetup groups have helped people from all walks of life openly talk about money, investing, and intentional living - free from judgment or taboos.
Show Notes
Join the 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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17:22
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17:22
What FIRE is Really About
In this episode, Michael shares what a typical Tuesday looks like in his life now - not filled with long workdays or dramatic financial spreadsheets, but with meaningful work, family time, fitness, golf, and sunshine. He reflects on what FIRE really means to him: not quitting work, but having the freedom to design an extraordinary life on his own terms. Michael also responds to some recent criticism of their FIRE journey and offers his honest thoughts on what FIRE is really about.
Show Notes:
Join the newsletter at:
https://www.firepodcast.ie/newsletter
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19:49
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19:49
The €9 Cup Cakes that changed how we think about money
In this episode, Michael shares how a disagreement with his wife over a €9 cupcake sparked a deeper conversation about budgeting and money spending. He reflects on his evolving perspective on FIRE now that he’s technically financial independence, and how his life is gradually transitioning into semi-retirement.
He also discusses insights from a recent financial review with Ronan from Metis Ireland and answers a question he received in a WhatsApp group about being financially independent as a landlord.
Show Notes:
Follow Alan & Katie's Youtube Chanel:
https://www.youtube.com/@rebeldonegans
Become a newsletter subscriber:
https://www.firepodcast.ie/newsletter
The Irish FIRE Podcast explores the journey to financial independence and early retirement from an Irish perspective. Hosted by Michael Houghton, the podcast covers practical strategies for saving, investing, and working towards financial independence. Each episode dives into topics like tax efficiency, property investment, pensions, and lifestyle optimization, all tailored to the unique challenges and opportunities in Ireland. Whether you’re just starting out or well on your FIRE journey, The Irish FIRE Podcast offers actionable insights to help you achieve your financial goals.
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