Michael Houghton is back on the podcast to talk about how his views on money, work, and investing have changed over the past seven years. A personal finance writer, Irish Independent columnist, and active property investor, Michael shares why financial independence is less about quitting work and more about creating options.

Paddy and Michael discuss the realities of FIRE, the role of purpose in retirement, and why Michael believes property can still be a powerful wealth building tool in Ireland when approached carefully. They also cover yields, refinancing, tax, leverage, and the practical risks of building a rental portfolio.

Key talking points

• Michael’s journey from New Zealand visitor to living in Ireland for 15 years

• How he and his family pursued FIRE by saving aggressively and working towards financial independence

• Why hitting your number does not always mean you want to stop working

• How he thinks about retirement, purpose, and the value of meaningful work

• Why he sees property as a strong long term wealth building tool

• The role of rental yield, leverage, refinancing, and bank appetite in building a portfolio

• The risks of property investing, including concentration, leverage, insurance, and tenant issues

• How property fits alongside pensions and other investments in an overall financial plan

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