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

Om Podcasten

My name is Michael and I am on a journey towards financial independence. Originally from New Zealand and now living in Ireland, 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.