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  • FIRST POST
    • Karmacat
    • By Karmacat 16th Jan 14, 7:37 PM
    • 27,467Posts
    • 149,125Thanks
    Karmacat
    Breaking Through, Travelling On
    • #1
    • 16th Jan 14, 7:37 PM
    Breaking Through, Travelling On 16th Jan 14 at 7:37 PM
    Hello

    I think a few people on this board know me already, from the dfw board

    I really need the focus of an mse diary - debts are all paid off, except for about 40% of a French mortgage - but income has been declining, and is currently pitiful. And without a diary, I've lost focus on getting the best deal for the things I *do* need to spend out on, like insurance, and Christmas train tickets, that sort of stuff. So I've come back properly after pootling about on other people's threads, and on general threads too, to be fair

    The focus is so that I can replace lost income - so that I can have a holiday of my choosing, for instance - and stopping digging into my savings for ordinary living expenses would be nice too Its also so that I can get my pension up beyond "miserable penury" - its kind of urgent, as under the system that lasted till about 15 years ago, I'd be retiring at the end of this year But I'm not, sadly. The aim is to retire in July 2016, when my younger sister retires, with a reasonable pension.

    One complication in earning more is that between arthritis, energy issues and the need to stay available to what clients I have, I can't / don't want to, take a second job. So more income has to be through other work - patchwork, portfolio, call it what you like (I know I do ).
    Retired August 2016
Page 1
    • Karmacat
    • By Karmacat 16th Jan 14, 7:44 PM
    • 27,467 Posts
    • 149,125 Thanks
    Karmacat
    • #2
    • 16th Jan 14, 7:44 PM
    • #2
    • 16th Jan 14, 7:44 PM
    And that was my post 17,300! Oh my word!

    Anyway, here's the list, this is what can make me the income and pension I'm aiming for:

    - house and garden maintenance! Its always unexpected to me, but its always there I need it for my standard of living, and to maintain and increase the value of my investment. Growing veg and fruit will help things too, and I'm learning about foraging, which is amazing. And when I retire I want to rent out the house, buy a van and pootle around Europe admiring the scenery.

    - check my outgoings - I've gradually got worse and worse at this since I finished my last dfw diary. Must do better.

    - maintain ability to do current paid work. I'm a counsellor, sure - but this bit is more about getting the tax declaration in and the tax payment made, the professional re-accreditation work done, next year's reaccreditation started, professional insurance at the right level, that sort of thing. The behind the scenes stuff.

    - the French apartment - it'll be paid off in about 4.5 years - its never, ever paid for itself, and was possibly the worst financial decision I ever made, but its done now, and when I do pay it off, I can choose to take long holidays there (its near Chamonix ) as well as rent it out.



    - I'm starting up a website – its taking much longer than I thought, and I'm wary of mentioning it in case I break rules, but friends have said that the rule on here is about not touting for business – and I'm certainly not, I'm working on the content – still – its taking much longer than I thought it would.


    - One of the really fun things about the website is thinking about what to sell – a dear friend wants to buy a scroll saw, what kind of stuff can he make thats relevant to my themes? What can I make that people would want to buy? How can I make it in quantity, given the arthritis?



    - How can I attract people into the website? Seasonal giveaways, maybe – so I've been having great fun designing a colouring in page, one version for children, and another much more detailed one for grownups. I love that.


    - I'm writing a novel I intend to be the next John Wyndham (famous SF author, famous in the SF world, anyway).


    - I'm **still** hoping to trade – but I'm not going to mention that regularly, anybody who knows me will know that I've been rabbiting on about the blasted trading for years, literally years. I can't seem to get it going yet, but its the only real failure I've ever had in terms of achieving what I really want to achieve, so I'm going to keep going. But quietly.



    That'll do. Details later.
    Retired August 2016
    • muddywhitechicken
    • By muddywhitechicken 16th Jan 14, 7:51 PM
    • 3,629 Posts
    • 33,372 Thanks
    muddywhitechicken
    • #3
    • 16th Jan 14, 7:51 PM
    • #3
    • 16th Jan 14, 7:51 PM
    Welcome to MFW

    Best of luck with your plans

    MWCx
    • Karmacat
    • By Karmacat 16th Jan 14, 9:05 PM
    • 27,467 Posts
    • 149,125 Thanks
    Karmacat
    • #4
    • 16th Jan 14, 9:05 PM
    • #4
    • 16th Jan 14, 9:05 PM
    Thank you MWC!
    Retired August 2016
    • rtandon27
    • By rtandon27 16th Jan 14, 9:54 PM
    • 1,925 Posts
    • 11,655 Thanks
    rtandon27
    • #5
    • 16th Jan 14, 9:54 PM
    • #5
    • 16th Jan 14, 9:54 PM

    Karma's got a new diary!


    Welcome Back!!!
    Mine/Hers: May 2011£10835.33May 2016£4709.46Oct 2016£0
    Not Mine/His: June 2016£8175.38Oct 2016£0
    Grand Total£0
    PSST - WE ARE DEBT FREE!!! (24 OCT 2016)
    (With heartfelt thanks to those who have gone before us & their indubitable generosity.)
    • gallygirl
    • By gallygirl 16th Jan 14, 10:00 PM
    • 16,382 Posts
    • 107,291 Thanks
    gallygirl
    • #6
    • 16th Jan 14, 10:00 PM
    • #6
    • 16th Jan 14, 10:00 PM
    Good luck Karma, good to see you here .
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • Karmacat
    • By Karmacat 16th Jan 14, 10:41 PM
    • 27,467 Posts
    • 149,125 Thanks
    Karmacat
    • #7
    • 16th Jan 14, 10:41 PM
    • #7
    • 16th Jan 14, 10:41 PM
    **beams happily**



    Its good to be back!

    One really good piece of news already this evening is that I've done much more than I thought of the accounts work for the submission thats coming up in a fortnight's time. V happy about that

    Night'night all
    Retired August 2016
    • ZTD
    • By ZTD 16th Jan 14, 11:24 PM
    • 23,072 Posts
    • 39,607 Thanks
    ZTD
    • #8
    • 16th Jan 14, 11:24 PM
    • #8
    • 16th Jan 14, 11:24 PM


    And when I retire I want to rent out the house, buy a van and pootle around Europe admiring the scenery.
    Originally posted by Karmacat
    It's strange, a lot of people want to do that when they retire. A guy at work retired to do that. Hopefully you'll get to do it.

    - I'm writing a novel I intend to be the next John Wyndham (famous SF author, famous in the SF world, anyway).
    Originally posted by Karmacat
    What attracts you to John Wyndham?

    That'll do. Details later.
    Originally posted by Karmacat
    Plenty time.
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."
    OMD 'Julia's Song'
    • skint_spice
    • By skint_spice 17th Jan 14, 7:48 AM
    • 11,209 Posts
    • 23,473 Thanks
    skint_spice
    • #9
    • 17th Jan 14, 7:48 AM
    • #9
    • 17th Jan 14, 7:48 AM
    Happy new diary KC, I hope all your plans come together and July 2016 doesn't seem that far away really so not too long to go now!
    mmm...still thinking, planning and plotting for aims in 2017
    • Karmacat
    • By Karmacat 17th Jan 14, 8:32 AM
    • 27,467 Posts
    • 149,125 Thanks
    Karmacat
    Originally posted by ZTD


    It's strange, a lot of people want to do that when they retire. A guy at work retired to do that. Hopefully you'll get to do it.
    I'm sure I will. Already done it on a small scale, travelling by train and staying in hostels, for a couple of months. I can do more! And I've already rented out places I've owned when I've gone off and done different things, I've done that twice. Its just putting the two together

    And I gotta tell you, Z, I don't think its strange eminently sensible, is what I'd call it I'm dead logical me Spock's my favourite, not Kirk

    What attracts you to John Wyndham?
    I found his books when I was about 14! I love apocafic, always have, books, fanfic, films - you known I like Larry Niven too

    Plenty time.
    You said it right there I have to get a builder in to work on the pointing (rainwater is surging through one wall in an unbelievable way) and while he's doing that, I'll be working on the structure of the garden. Can't plant anything in this rain and this clay soil, so its about setting things up, and getting rid of the weeds that nearly took over when I had my virus last autumn.

    Happy new diary KC, I hope all your plans come together and July 2016 doesn't seem that far away really so not too long to go now!
    Originally posted by skint_spice
    Thank you Skinty Its not long, is it! I plan a relaxing summer here, then pootling about being productive and seeing to stuff for my mum and other family, then in spring, I'm off. That last long trip I did, I was in Greece when spring got under way, and I was already booked to come home - I really want to see the spring flowers bloom on Mount Olympus, see them right the way through this time
    Last edited by Karmacat; 17-01-2014 at 8:35 AM.
    Retired August 2016
    • Karmacat
    • By Karmacat 17th Jan 14, 4:55 PM
    • 27,467 Posts
    • 149,125 Thanks
    Karmacat
    First victory to report

    My house insurance is due this week ... I've stuck with a very small firm up in Yorkshire for about 4 years, since it was recommended by my professional organisation - it had been really hard to get a good premium because I have counselling clients at home. This year, it was time to bite the bullet, so I went through Martin's linkie to confused.com - mid range policy from Admiral (a FTSE 100 company, so *fairly* safe ) came up a lot less; talking to them upped the price a bit - I believe strongly in full disclosure with insurers, so I told them about the fence blowing down last year, and installing a 2nd toilet upstairs (the bathroom is downstairs) ... and about several clients being in the house (one at a time).

    Result! A saving of just over £90! I'm really chuffed it was that simple, but horrified I hadn't done it before
    Retired August 2016
    • rtandon27
    • By rtandon27 17th Jan 14, 6:00 PM
    • 1,925 Posts
    • 11,655 Thanks
    rtandon27
    ... but horrified I hadn't done it before...
    Originally posted by Karmacat
    Dear KC hindsight is 20/20! You didn't do it before because now it's time! Can't beat yourself up over it. Well done on saving £90 - that's a fair chunk!
    Mine/Hers: May 2011£10835.33May 2016£4709.46Oct 2016£0
    Not Mine/His: June 2016£8175.38Oct 2016£0
    Grand Total£0
    PSST - WE ARE DEBT FREE!!! (24 OCT 2016)
    (With heartfelt thanks to those who have gone before us & their indubitable generosity.)
    • DedicatedDFW
    • By DedicatedDFW 17th Jan 14, 6:40 PM
    • 4,234 Posts
    • 13,906 Thanks
    DedicatedDFW
    Hey KC! a' la Benny The Ball

    I am so glad you have a diary again - i liked popping into your old one

    Your post really struck a chord with me - I started my thread on here for the focus this would give me - i felt after clearing the debt i needed the new challenge and target

    I have subscribed to your thread too - just today i had a mild panic about providing for my retirement - My plans may be slightly different to yours and by the time i get to being able to do something about them i.e having the money to do them i am worried it'll all be a bit late in the day I want to move into our 'forever until retirement home' And have 3 btl and 1 holiday home for income & hols I don't have a good pension - i changed jobs a few times when i was much younger and lost all my pension money as it just went into fees as there was no ability to access the funds or transfer to my new company pension After losing out a couple of times i then decided not to bother with a pension and do that when i was in a job / company i knew i wanted to stick with - got to that point and was thinking about what contributions to make in order to 'catch up' and i was made redundant. I definitely don't want to stay in the job i'm in now either and having an income when we are older does concern me.

    I'd also like to find out more and invest in stocks and shares too

    John Wyndham fan

    I am also in the position of wanting to maintain and improve our home too

    With your apartment in france i am sorry you said it wasn't a good investment but it is over half way to being all yours now Is this the mortgage you are focusing on paying off

    And please tell me that its a lovely camper van you are going to get

    And well done on the £90 too
    CC1:T £2531 £1460
    MORTGAGE OVERPAYMENTS: £10575.20 Target £12,100
    MF Date: August 2042 May 2035
    Declutter 1000 things by Xmas 2015! 53/1000
    • Greying Pilgrim
    • By Greying Pilgrim 17th Jan 14, 7:49 PM
    • 3,570 Posts
    • 39,101 Thanks
    Greying Pilgrim
    Ay up Karma - found ya!

    Greying
    'Ich habe genug'

    'I am not in the pursuit of happiness, only in the discovery of joy' - Joyce Grenfell
    • ZTD
    • By ZTD 17th Jan 14, 8:18 PM
    • 23,072 Posts
    • 39,607 Thanks
    ZTD
    And I gotta tell you, Z, I don't think its strange eminently sensible, is what I'd call it I'm dead logical me Spock's my favourite, not Kirk
    Originally posted by Karmacat
    Strange more in that there's so many who want to do it. You'd think there would be at least some people who'd retire to never get up off the Turkish beach - but no...travel.

    I found his books when I was about 14! I love apocafic, always have,
    Originally posted by Karmacat
    Fan of the cosy apocalypse?
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."
    OMD 'Julia's Song'
  • Habibiboo

    Just delurking so say hi and well done on the insurance ~ my personal MFW challenge this year is to not let any of them just automatically renew but to check that they're the best value option and if not, to swap, so your success has inspired me to stick to my guns on that one, so thank you
    Stash busting 2014 45 / 60 (balls of yarn)!
    2014 Sealed Pot #2136 ?/£500
    House: Decluttering 322 / 365
    Original mortgage £149,000£117,750;£112,500 MFW 2014#69 GOAL 1: £109 K April GOAL 2: £103 K by Sept GOAL 3: < £100k by end of 2014 MF goal: Nov 2020 - 4 years early
    • Pippilongstocking
    • By Pippilongstocking 17th Jan 14, 9:15 PM
    • 14,673 Posts
    • 95,965 Thanks
    Pippilongstocking
    Pops by tips a nod, fluffs up the cushions, settles in.

    You're back - yay!

    Well done love on the savings - great start!
    Last edited by Pippilongstocking; 17-01-2014 at 9:24 PM.
    Pippi's Debt Free Diary
    • beanielou
    • By beanielou 17th Jan 14, 9:36 PM
    • 46,548 Posts
    • 165,466 Thanks
    beanielou
    Shiny new diary
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Ellidee
    • By Ellidee 17th Jan 14, 9:44 PM
    • 6,091 Posts
    • 16,706 Thanks
    Ellidee
    Found you *subscribes*
    Nothing is so fatiguing as the eternal hanging on of an uncompleted task. William James
    • Karmacat
    • By Karmacat 17th Jan 14, 9:49 PM
    • 27,467 Posts
    • 149,125 Thanks
    Karmacat
    Hi folks! RT, Greying, Pippi you're lovely for finding me without me actually telling you, I feel quite hidden away here because dfw has been home for so long, but obviously I'm not

    Hey KC! a' la Benny The Ball

    I am so glad you have a diary again - i liked popping into your old one
    Originally posted by DedicatedDFW
    thank you!

    Your post really struck a chord with me - I started my thread on here for the focus this would give me - i felt after clearing the debt i needed the new challenge and target
    I think as dfwers, we really had a focus, and lots of ways to express that focus and determination - now, its fuzzier, but with the financial crisis going on and on, its even more important.

    I have subscribed to your thread too - just today i had a mild panic about providing for my retirement - My plans may be slightly different to yours and by the time i get to being able to do something about them i.e having the money to do them i am worried it'll all be a bit late in the day I want to move into our 'forever until retirement home' And have 3 btl and 1 holiday home for income & hols I don't have a good pension - i changed jobs a few times when i was much younger and lost all my pension money as it just went into fees as there was no ability to access the funds or transfer to my new company pension After losing out a couple of times i then decided not to bother with a pension and do that when i was in a job / company i knew i wanted to stick with - got to that point and was thinking about what contributions to make in order to 'catch up' and i was made redundant. I definitely don't want to stay in the job i'm in now either and having an income when we are older does concern me.

    I'd also like to find out more and invest in stocks and shares too
    Absolutely, the pension I'll have at the moment is rubbish - the very best that find.co.uk gives me is £50 a week so the new income methods I'm rabbiting about simply *have* to work. Sorry you've lost out tho , thats bad. I've been self employed for a long time, so what I *do* have is tucked into private schemes - plural. I don't trust any of them! Thinking of BTL ... I was bored doing the tax thing, and had a look at places comparatively near to where my mum is (because I've offered to look after her if she needs it) and really nice flats in Preston are as low as £25k ... but they rent out for £90 p.w. or so! Even if you tweak those figures, there's income there ... I do perhaps *think* too much but its relaxing

    John Wyndham fan
    Excellent

    I am also in the position of wanting to maintain and improve our home too

    With your apartment in france i am sorry you said it wasn't a good investment but it is over half way to being all yours now Is this the mortgage you are focusing on paying off
    You're dead right! Its this place: http://en.wikipedia.org/wiki/Les_Contamines-Montjoie. Mortgage was E75k originally, its now £34k. As for the maintenance, I'm just doing bits right now, the focus has to be the tax, but I'm on a roll again

    And please tell me that its a lovely camper van you are going to get

    And well done on the £90 too
    Yep And thank you

    This is very long! Better answer Z separately ...
    Retired August 2016
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