69 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 2017 I made the decision to start to journey towards financial freedom. I was sick of selling my time for money and realised that through the power of compounding interest, I could work 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

    • Investing
    • 4.8 • 35 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 2017 I made the decision to start to journey towards financial freedom. I was sick of selling my time for money and realised that through the power of compounding interest, I could work 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.

    Ep 69: What Should I Be Investing In?

    Ep 69: What Should I Be Investing In?

    In this episode, Michael discusses the options around what he invests in 2021 and provides an update on how his investments has changed over the last 3 years.
    He answers questions such as:
    - Do I still invest in Peer to Peer Lending?- What is the best way to save for my children's college fund?- What is the most tax efficient way to invest as a sole trader?- Why do I say that Cryptocurrency looks like a better investment than ETFs in Ireland?To keep up to date with Michael's journey, subscribe to the monthly newsletter at:https://www.firepodcast.ie/members

    • 19 min
    Ep 68: Selling up and moving to the Canaries

    Ep 68: Selling up and moving to the Canaries

    In this episode, Michael answers a question from Sinead, who has recently sold up her property in Ireland and has moved to the Canaries.
    Michael works through the numbers, to see if it is possible for Sinead to be financially independent within 5 years.
    To keep up to date with Michael's journey, subscribe to the monthly newsletter at:https://www.firepodcast.ie/members

    • 11 min
    Ep 67: The Irish Savers Action Group Interview

    Ep 67: The Irish Savers Action Group Interview

    In this episode, Michael interviews Sean and Sinead from The Irish Savers Action Group (ISAG) Interview.  They are on a mission to promote financial literacy and to push positive progressive changes in the Irish investment tax rates.
    You can learn more about ISAG at the following places:
    ISAG Website:https://isag.ie
    ISAG Facebook Page:https://www.facebook.com/groups/255087048882194Join The Irish FIRE Monthly Newsletter at:https://www.firepodcast.ie/members

    • 31 min
    Ep 66: Passive Income - The Alternative Way to FIRE?

    Ep 66: Passive Income - The Alternative Way to FIRE?

    In this episode, Michael explores an alternative way to becoming financially independent - by building passive income streams.Michael defines passive income as any income that isn't generated directly to your time (e.g. selling your time for money).Michael compares some recent passive income that he has started to generate for himself against a traditional FIRE portfolio, to show how passive income can play a vital part towards your FI journey.Show Notes:Things mentioned on the show:Wholesale Directory Website:https://www.wholesaledirectory.ieChoose FI - Interview with Mad Fientist:https://www.choosefi.com/mad-fientist-ep-288To member a FIRE Podcast member for free (and subscribe to the newsletter), visit:https://www.firepodcast.ie/register

    • 12 min
    Ep 65: Should I set up a company for my investments?

    Ep 65: Should I set up a company for my investments?

    In the first episode of 2021, Michael announces that the format of the show for 2021 will change slightly.  Michael will answer questions he gets on financial independence from listeners this year - typically answering two or three questions per episode.Michael gives a quick update on his own financial journey, before answering the following questions in this episode:1. Should I set up a company to use as a vehicle for my investments?2. Should I fear market crashes?3. When it comes to calculating your FI number, how do I handle extra expenses in the future?  Does this just mean that FI is pushed out further down the track, or is there another way of dealing with this?Email me your FIRE questions to michael@firepodcast.ie.Show Notes:Take a look at the "Irish Savers Action Group" - who are actively talking to TDs to change and encourage tax incentives on savings and investments:https://www.facebook.com/groups/255087048882194Become an Irish FIRE Member at:https://www.firepodcast.ie

    • 22 min
    Ep 64: Saying No to 50% Tax

    Ep 64: Saying No to 50% Tax

    In this episode, Michael discusses the strategies he has adopted to reduce his tax bill.  He explains how he is able to reduce his actual effective personal tax rate to less than 9% living in Ireland (a high tax country).
    He also gives an update on his investment portfolio as at December 2020.
    Show Notes:Become an Irish FIRE Member at:https://www.firepodcast.ie
     

    • 12 min

Customer Reviews

4.8 out of 5
35 Ratings

35 Ratings

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

Citch101 ,

Unbelievable

Encouraging others, unreal advise and great craic

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