Are We FI Yet?

In this episode, Michael talks with Shane O'Brien, author of From Bucket List to Best Self. Shane, originally from Clare and now living in Castleconnell, Co. Limerick, recently wrote a book about the power of using a bucket list as a template for personal development. In the episode, he shares how FIRE and personal development go hand in hand and explains how developing a bucket list can support your journey to financial independence. He also opens up about overcoming a childhood tragedy and how his bucket list played a key role in helping him learn to swim” Show Notes Buy the book here: https://www.amazon.co.uk/Bucket-List-Best-Self/dp/B0DVS1L6WK Subscribe to the newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael explores whether his family has officially reached financial independence.  He breaks down their investment portfolio, rental income, and expected expenses to assess if they can sustain a €40,000 annual budget.  He also considers different strategies for managing withdrawals, potential risks, and what financial independence truly means beyond just the numbers. Finally, he reflects on the next steps in his post-FI journey, balancing work, purpose, and leisure. Show Notes: Michael on Ireland AM (about halfway through): https://play.virginmediatelevision.ie/watch/vod/52791801/ireland-am-fri-21-feb Sign up for the newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael sits down with Sjoerd Bak, founder of BAMillionaire.com. Originally from The Netherlands, Sjoerd moved to Ireland in 2006 and worked in the tech industry before becoming a qualified financial advisor. Today, he provides financial coaching to help professionals in the tech sector build financial literacy and achieve their financial goals. We dive deep into Sjoerd's own FIRE journey, and he shares valuable insights and advice that he offers to his clients on how to become financially independent. Show Notes: Connect with Sjoerd on Linked In: https://www.linkedin.com/in/sjoerdbak/ Visit Sjoerd's Website: https://www.bamillionaire.com/ Get Sjoerd's tracking template by subscribing to his newsletter: https://bamillionaire.kit.com/template Subscribe to The Irish FIRE Podcast Newsletter: https://www.firepodcast.ie/newsletter

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

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

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

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

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

In this episode, Michael explains and introduces the philosophy of 'The Simple Life' - a concept that his wife sold him on back in 2010.  It is a philosophy that ensures that his family can maintain a low cost lifestyle, while ensuring maximum happiness and contentment. If you ever wondered how Michael and his family are able to live in Ireland on approximately €40,000 euro per year - then this is the episode for you! Show Notes: Link to the Limerick FI Meet Up Group: https://www.meetup.com/financial-independence-limerick/ A breakdown of Michael's family monthly budget: https://www.firepodcast.ie/monthly-budget.png Subscribe to the monthly newsletter: https://www.firepodcast.ie/newsletter

In this episode, Michael concludes a 3 part series on his FI calculations.  He talks about how the Die with Zero Calculator is actually an improvement on the 4% rule and discusses the art of subtraction once one reaches (or gets close to) FI. Show Notes Link to Die with Zero Calculator: https://www.moneyflamingo.com/free-resources/ Link to my FI calculations: https://www.firepodcast.ie/img/fi-number-calculation.png Link to online meet up on 31st July 2024: https://www.meetup.com/financial-independence-limerick/events/301861738/ Link to Mad Fientist Article: https://www.madfientist.com/happiness-through-subtraction/ Become a subscriber to the monthly newsletter: https://www.firepodcast.ie/newsletter