Financial Independence

All Podcast Episodes

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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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