📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Mortgage Free!!!

Darren36
Darren36 Posts: 6 Forumite
in Mortgages & endowments
I am 36 married with two little terrors. 9mths ago I suffered a Heart Attack at the ripe old age of 35. This was due to stress. I had a life insurance policy that paid out £100,000 so I decided to clear my mortgage which left enough for a nice holiday too. The H/A was very small, didn’t even know I was having one, and was lucky to take it as a warning sign. I now own my £250k house and now have an a less stressful life, however I am now £1000 a month better off and don’t know what to do with the cash. I want to invest it but don’t really know what to invest in. Gold, property, premium bonds???
Can anyone suggest what I should do?
Thanks

Comments

  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    Get over to the savings and investments section..

    And you could throw a bit my way too
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Save some,spend some, you've had a warning shot, enjoy life.
    As a wise man on this very forum said -"everybody in the graveyard is mortgage free". Take the terrors on good holidays and enjoy.

    You are fortunate.
    Space available for rent
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Always keep in your mind that money managers temd to have expensive lifestyles and the money can only come from your premiums.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Great story.

    Hopefully others will see the benefits of such protection and follow your steps as well in being covered.

    Hopefully we never have to use these covers, but by golly you are happy you have got them when you need to claim.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sorry to hear of your MI and maybe you should have a long look at your lifestyle and take life a bit slower.( maybe part time work / less stressful job)
    Well done on taking out the ill health insurance and getting a pay out from the insurance company.
    You have most of your wealth tied up in property already ! Your home so build up savings in Cash ISA,s ( you and OH ) and consider long term savings.
    Good Luck
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture