61 episodes

My name is Michael and I am on a journey towards financial independence. Originally from New Zealand and now living in Ireland, I am happily married and a father of three boys. In 2018 I started my journey towards financial independence. Join me as I discuss my journey towards financial independence and hear about the challenges and successes I have along the way.

The Irish FIRE Podcast Michael Houghton

    • Business
    • 4.8 • 38 Ratings

My name is Michael and I am on a journey towards financial independence. Originally from New Zealand and now living in Ireland, I am happily married and a father of three boys. In 2018 I started my journey towards financial independence. Join me as I discuss my journey towards financial independence and hear about the challenges and successes I have along the way.

    Buying Property in 2022

    Buying Property in 2022

    In this episode, Michael shares his story of buying an investment property in 2022.

    He shares his high's and low's of activity looking for an investment property in Limerick - and explains what has changed in 2022 when buying a property.

    Show Notes

    Join The Irish FIRE Newsletter by visiting:

    https://www.firepodcast.ie/newsletter

    • 15 min
    Flamingo FIRE - The Money Flamingo Interview

    Flamingo FIRE - The Money Flamingo Interview

    In this episode, Michael talks to the author of the Money Flamingo Blog.  Tina is originally from Europe and is now living in Australia.  She become "Flamingo FI" in 2020 and has been living a semi retired lifestyle since then.

    Tina tells her own story, and shares her wisdom of why she adopted Flamingo FI.  As she mentions, "the real goal is the happiness that you can achieve along the path [to FI]".

    Show Notes:
    Check out Tina's blog at (and join her newsletter):
    https://www.moneyflamingo.com

    Coast FI Grid
    https://www.moneyflamingo.com/coast-fi

    Join The Irish FIRE newsletter at:
    https://www.firepodcast.ie/newsletter

    • 33 min
    Some Things Are More Important Than Money!

    Some Things Are More Important Than Money!

    In this episode, Michael takes a moment to reflect on the Ukraine War.  He mentions that it is hard to discuss personal finance when there is a war going on in Europe.  He talks about luck and the impact that that has on one's FIRE journey.

    He mentions that it has become difficult to try to forecast investment returns over the next number of years and this makes planning for early retirement nearly impossible.  He touches on interest rates and the impact this will have on housing, as well as speculates on what might happen in the economy over the next year or two.

    Show Notes:

    https://www.youtube.com/thedogecoinmillionaire

    Sign up for the newsletter:
    https://www.firepodcast.ie/newsletter

    • 13 min
    The Three Phases of FI

    The Three Phases of FI

    In this episode Michael discusses the tree phases for FI.  Michael shares how he is currently at a full throttle FIRE stage, where he is looking to maximise his income potential.

    • 12 min
    Investment Trusts with Andrew Driver

    Investment Trusts with Andrew Driver

    In this special two year anniversary episode, Michael interviews Andrew Driver.  Andrew has been investing for a number of years and is well on his way to FI.

    In the interview, we talk about Investment Trusts, which are a great way to get around the horrid Deemed Disposal tax that exists in Ireland.  Invest Trusts are taxed at 33% and dividends are taxed at your Income Tax Rate - so they are a tax efficient way to invest in Ireland.

    Disclaimer: This interview is not financial advise - please take opinions on the interview for education purposes only.

    Show Notes:

    https://www.itinvestor.co.uk
    https://money-makers.co/money-maker-podcasts
    https://www.theaic.co.uk
    https://www.amazon.co.uk/Financial-Times-Guide-Investment-Trusts/dp/1292232544

    Where to buy investment trusts:
    https://www.interactivebrokers.ie
    https://www.degiro.ie

    Come and Meet Andrew at the Next Limerick Meet up Group - https://www.meetup.com/financial-indepdence-limerick

    Subscribe to the newsletter to stay in touch with regular monthly updates:
    https://www.firepodcast.ie/members

    • 35 min
    The Barista FIRE Approach

    The Barista FIRE Approach

    In this episode, Michael discusses The Barista FIRE Approach - the concept of building a small portfolio and letting compounding grow the portfolio while not withdrawing from the portfolio until when you retire.

    Barista FIRE is a great approach to FIRE in Ireland, as its an extremely tax efficient way to approach early retirement, and still allows for an early retirement age of 55.

    Subscribe to the newsletter to stay in touch with regular monthly updates:
    https://www.firepodcast.ie/members

    • 13 min

Customer Reviews

4.8 out of 5
38 Ratings

38 Ratings

Natoxcxcxxx ,

Incredible content

Been searching for content like this I can follow along to, amazing stuff. Still trying to convince the fiancée….

skillzyshaw ,

Eye opening

Easy to listen to and very informative podcast. I am really enjoying the content and the Irish perspective. I would highly recommend!

listonia.green ,

Take control

Great to follow Michael on his FI journey, inspiring us all to take control of our finances

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