The Irish FIRE Podcast

In this episode Michael talks about how he is investing during a downturn. He talks about some of the mistakes he has made and how he is looking to invest going forward.

He also gives an update on what happens in Grupeer and how he is thinking about managing his P2P portfolio moving forward.

Show Notes

FIRE Dating: https://firedating.me

Irish P2P Platforms:

Flender

JL Collins - A Simple Path to Wealth

In this episode, Michael looks into the history of money and how the economy works.

Mentions in the episode:

He talks about how he is trying to leverage debt and is actively looking for new deals to generate income by leveraging debt, particularly with his new venture Forestry Crowd.

Show Notes:

How the Economic Machine Works - Ray Dalio

The History of Money:

In this episode, Michael gives an update on life in Ireland since the Coronavirus outbreak. He mentions how he is taking new opportunities with the change of market conditions and what changes he has made since the Coronavirus.

Michael talks about his edge that has allowed him to work 12 hours per week - he mentions that people who are on an FI journey typically find an edge that allows them either to make extra money or give themselves extra time (or both).

He reveals his own edge and how he was able to adapt to make more money from his edge.

Finally, Michael reveals a final thought on the current market crash and why it isn't always as easy to buy when there are so many great bargains out there!

In this episode, Michael chats with Alvar Damon, who provides a follow up interview after appearing on the podcast in 2019.

https://www.joinhoney.com

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In this episode, Michael talks about how he might just be a bad investor! In the last two years, he has been involved in so many investment scams, that he is now looking at ways to change direction when it comes to investing.

He talks about his own definition of what financial independence is for him and announces his new investment plan going forward - as well as a new organisation he is establishing.

Show Notes

Link to An Dulra - https://www.andulra.ie

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In this episode, Michael shares the story of the Envestio scam, which he unfortunately got caught up in.

He also shares some feedback from the last episode, and gives his advise on how best one should plan their investment portfolio, based on his experience with Envestio.

Show Notes

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In this episode, Michael shares the story of the day he lost €6,000, caused from being over leveraged in his trading account.

The story details how he reacts to some huge mistakes he made when trading the markets and the lessons that he learned from losing such a large amount of money in a short space of time.

Show Notes

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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

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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:

Recent article about Michael developing hockey clubs in Munster:

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In this episode, Michael explores what can happen when you start to take opportunities, and the long term impact that that has when you start to take opportunities.  He gives examples from his own hockey coaching business, as well as other examples.