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.ie Choose FI - Interview with Mad Fientist: https://www.choosefi.com/mad-fientist-ep-288 To member a FIRE Podcast member for free (and subscribe to the newsletter), visit: https://www.firepodcast.ie/register

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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