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  • FIRST POST
    • museumworker
    • By museumworker 15th Jul 17, 10:22 PM
    • 1,906Posts
    • 10,896Thanks
    museumworker
    The mindful MFW: A healthy, happy journey to a mortgage free life!
    • #1
    • 15th Jul 17, 10:22 PM
    The mindful MFW: A healthy, happy journey to a mortgage free life! 15th Jul 17 at 10:22 PM
    Hi all! Some of you may know me from my last two diaries (museumworkers quest to consign the mortgage to history and Making the Future Happen). A lot DID happen during my last diary, mostly things that threw me off the MFW course, including an unexpected (but much loved) third child and a new full time job! These are both changes for the better, but adjusting to even less time with even more responsibilities unfortunately took its toll on my health and wellbeing as well as our finances.

    Anyway, I now feel like I've turned a corner - my health is improving, I'm settled at work, we have local childcare arranged (no more commuting with a toddler and buggy come September!) and we are starting to tackle the mortgage again. Rather selfishly I would like a new diary to mark this new phase as I feel a bit like my old one is, well, if not stained then a bit dog-eared. And who doesn't like the feel of a crisp new diary, all shiny, new and full of hope!

    This time my journey to mortgage freedom has to be healthy and happy. I can't let myself get ill again, the whole family suffers. The mindfulness part is more aspiration than reality at the moment! However I've gained so much benefit from the mindfulness work that I have done that I really want to make it an integral part of my life. And I really want to enjoy my time with the kids, aged (nearly) 3, 5 and 14, and nurture my relationship with the very neglected OH. We love to travel and have days out, though usually there's a discount voucher and a packed lunch to hand if you look closely enough! Of course there will be challenges along the way, but if I can build personal resilience and keep a positive outlook I'll be much better placed to deal with them.

    I would love it if you read and posted along - words of encouragement, suggestions, comments, questions, observations, witticisms, light ribbing - and the occasional reprimand if I start being self-negligent!

    Some facts that always help at the start of a diary:
    Mortgage balance at start of MF journey, March 2011: £190,000
    Current balance July 2017: £95,979.89
    Mortgage rate: 2.39% fixed at Feb 2016 for 5 years.

    OPs in 2017 to date: £9,249.16
    Total OPs 2011-16: £45k

    LTV when house purchased 2008: 83%
    Estimated Current LTV: 15%
    Old mortgage rate: 5.09%
    Old mortgage monthly payment: £1,200
    Current mortgage monthly payment: £623.15

    Original end date at renewal: February 2036
    Current end date with no further OPs: October 2033 [guestimate, will check next time I call]
    Target: April 2022 = £1,200 pm OP / £14,400 pa OP
    Stretch target: September 2021 = £1,400 pm OP / £16,800 pa OP
    Super stretch target: April 2021 = £1,600 pm OP / £19,200 pa OP

    Just realised that means am possibly talking only 4 years or so until we're mortgage free ! Wow, that feels so unreal - but incredibly motivating!!

    Lots more to say, but right now we're off to bed. Thanks for reading!
    Last edited by museumworker; 19-07-2017 at 1:07 PM.
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
Page 1
    • greent
    • By greent 15th Jul 17, 10:41 PM
    • 6,197 Posts
    • 62,748 Thanks
    greent
    • #2
    • 15th Jul 17, 10:41 PM
    • #2
    • 15th Jul 17, 10:41 PM
    Was just about to gently admonish you for a late-ish posting - and then read the last sentence! - hope you're on your way to a good night's sleep xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £4151/£3286
    Net sales 2017 £1152.39/£500 PAYDOX17 £11333/£10k Decluttered 1515/2017 items
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 16th Jul 17, 6:56 AM
    • 302 Posts
    • 1,229 Thanks
    wishingthemortgaheaway
    • #3
    • 16th Jul 17, 6:56 AM
    • #3
    • 16th Jul 17, 6:56 AM
    I've read some of your previous diaries so I'm quite excited to have rejoined the mfw journey at the point you start a new one.

    You deserve a medal for halving your mortgage repayments. Just think how much power all your previous ops have had and will have in the future.

    All the best on the next chapter of your diary.
    • louloubelle79
    • By louloubelle79 16th Jul 17, 8:21 AM
    • 166 Posts
    • 67 Thanks
    louloubelle79
    • #4
    • 16th Jul 17, 8:21 AM
    • #4
    • 16th Jul 17, 8:21 AM
    Well done on what you have achieved so far, I am also trying to balance life in general and using mindfulness, yoga and tai chi to help keep stress in check.
    Hoping to be mortgage free by 2026 age 47
    Current rate 2.79% fixed for 10 years
    Current mortgage end date: 03/10/2043
    MFW Starting Mortgage Jan 17 - £114,703
    • Kantankrus Mare
    • By Kantankrus Mare 16th Jul 17, 9:06 AM
    • 4,784 Posts
    • 10,891 Thanks
    Kantankrus Mare
    • #5
    • 16th Jul 17, 9:06 AM
    • #5
    • 16th Jul 17, 9:06 AM
    Another one here that has discovered yoga and mindfullness.........though my mission for being mortgage free has gone out the window to be replaced with savings for holidays.

    Will watch your journey with interest.
    Make £10 a day challenge Jan/£215.84/ Feb £146.45/ Mar £192.55/Apr £171.20/ May £156.40/june £95.55/ Jul £383.85/Aug £211.60/Sep £167.45
    Walk 2000 miles in 2017....1452.69 miles
    • newgirly
    • By newgirly 16th Jul 17, 10:39 AM
    • 5,772 Posts
    • 39,523 Thanks
    newgirly
    • #6
    • 16th Jul 17, 10:39 AM
    • #6
    • 16th Jul 17, 10:39 AM
    Happy new diary MW
    MFW 21
    Target for 2017 £38,545 / £14,264 paid so far

    Mortgage £47,330 4 years 8 months left. Total owed £63,993 planning to clear in 24 months
    WW target - 29.5 lb start date 11/5/17 so far 16.5lb lost.
    • CathT
    • By CathT 16th Jul 17, 2:46 PM
    • 5,287 Posts
    • 36,333 Thanks
    CathT
    • #7
    • 16th Jul 17, 2:46 PM
    • #7
    • 16th Jul 17, 2:46 PM
    Love your first post MW. You have made so much progress with your mortgage since you first started a diary. Will be following this one again with interest. I've just started a bit of mindfulness but am not doing it as well or as often as I should.
    August 2017 -
    part 1 - £79,967
    part 2 - £46,351
    Total - £126,318
    • museumworker
    • By museumworker 16th Jul 17, 7:03 PM
    • 1,906 Posts
    • 10,896 Thanks
    museumworker
    • #8
    • 16th Jul 17, 7:03 PM
    • #8
    • 16th Jul 17, 7:03 PM
    Was just about to gently admonish you for a late-ish posting - and then read the last sentence! - hope you're on your way to a good night's sleep xx
    Originally posted by greent
    I'm sure there will be plenty of opportunities to use the waggly finger emoji during this diary! Admonish is such a great word too . Slept well although felt very drained most of today, it is very humid in London so that probably doesn't help! Hope you've had a good weekend.
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • museumworker
    • By museumworker 16th Jul 17, 7:07 PM
    • 1,906 Posts
    • 10,896 Thanks
    museumworker
    • #9
    • 16th Jul 17, 7:07 PM
    • #9
    • 16th Jul 17, 7:07 PM
    I've read some of your previous diaries so I'm quite excited to have rejoined the mfw journey at the point you start a new one.

    You deserve a medal for halving your mortgage repayments. Just think how much power all your previous ops have had and will have in the future.

    All the best on the next chapter of your diary.
    Originally posted by wishingthemortgaheaway
    Welcome back Wish! Good to see you back on the MFW boards too. Have subscribed to your diary and look forward to cheering you on.

    It was quite an eye opener writing that opening post, I've been a bit hard on myself for not doing too well the last few years but seeing it in black and white made me realise how much progress we HAVE made. We are already talking about what we can do to celebrate mortgage freedom in 4-5 years!
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • museumworker
    • By museumworker 16th Jul 17, 8:56 PM
    • 1,906 Posts
    • 10,896 Thanks
    museumworker
    Well done on what you have achieved so far, I am also trying to balance life in general and using mindfulness, yoga and tai chi to help keep stress in check.
    Originally posted by louloubelle79
    Thanks louloubelle, congrats on starting your MFW journey. Do you have a diary? All mindfulness and yoga tips gladly accepted. I tried tai chi but haven't got the patience (misss the point).
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • Viking_mfw
    • By Viking_mfw 16th Jul 17, 9:06 PM
    • 60 Posts
    • 260 Thanks
    Viking_mfw
    Excellent title for your new diary. Looking forward to following along
    • Courgette
    • By Courgette 16th Jul 17, 9:12 PM
    • 1,710 Posts
    • 17,710 Thanks
    Courgette
    Arghhhhhhh!!! I keep losing posts!

    I'm trying to say, if it'll let me, happy new diary, awesome OPs and self care for the win!
    A reminder to myself: Persistence Pays Off
    Mortgage 1: £95,000 £78,900 at 3.1%
    Mortgage 2 (BTL): £83, 489.15 at 2.99% (I.O.)
    Savings (S&S ISA): £3000 Plus 6 months emergency savings earning 3%
    • museumworker
    • By museumworker 16th Jul 17, 9:20 PM
    • 1,906 Posts
    • 10,896 Thanks
    museumworker
    Another one here that has discovered yoga and mindfullness.........though my mission for being mortgage free has gone out the window to be replaced with savings for holidays.

    Will watch your journey with interest.
    Originally posted by Kantankrus Mare
    Thanks for posting, and well done on your £10 a day challenge! I used to love doing that, so will definitely be joining in at some point. Although am focusing on KonMari-img the house at the moment so may not have much to sell by time am ready . I love a holiday, and have had some real light bulb life changing moments during them, so think well worth saving for. Where are you hoping to go?

    All yoga and mindfulness tips welcomed
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • museumworker
    • By museumworker 16th Jul 17, 9:24 PM
    • 1,906 Posts
    • 10,896 Thanks
    museumworker
    Happy new diary MW
    Originally posted by newgirly
    Thanks newgirly! (no emoji for herbal tea high fiving! )
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • museumworker
    • By museumworker 16th Jul 17, 9:30 PM
    • 1,906 Posts
    • 10,896 Thanks
    museumworker
    Love your first post MW. You have made so much progress with your mortgage since you first started a diary. Will be following this one again with interest. I've just started a bit of mindfulness but am not doing it as well or as often as I should.
    Originally posted by CathT
    Thanks CathT, and you too with all of your home improvements! Glad you'll be following along.

    I often feel like that about my mindfulness practice, I've been most successful with the headspace app, and the guy really makes me feel ok about my mind wandering, he has a very gentle approach to help bringing your mind back to the breath.
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • Kittenkirst
    • By Kittenkirst 16th Jul 17, 9:39 PM
    • 1,572 Posts
    • 8,080 Thanks
    Kittenkirst
    Hey MW, I shall be cheering you on and gentle reminding you to be kind to yourself along the way
    2017 MFW #20 - OP £1914.25/ £2150. 89%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £161.63

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Kantankrus Mare
    • By Kantankrus Mare 16th Jul 17, 9:45 PM
    • 4,784 Posts
    • 10,891 Thanks
    Kantankrus Mare
    Thanks for posting, and well done on your £10 a day challenge! I used to love doing that, so will definitely be joining in at some point. Although am focusing on KonMari-img the house at the moment so may not have much to sell by time am ready . I love a holiday, and have had some real light bulb life changing moments during them, so think well worth saving for. Where are you hoping to go?

    All yoga and mindfulness tips welcomed
    Originally posted by museumworker
    Oh next holiday is already booked. We usually holiday towards end of May to the beginning of June. We have been to the same place in northern Corfu twice and this year we decided change was in order so we went on a cruise. Although we enjoyed it.....not sure if cruising is for us so we are back to Corfu next year. The last couple of years are the first we could get away without worrying about the kids. Old enough to look after themselves now. So going abroad is still a bit novel.

    I have used the free headspace app and really enjoyed it but didnt subscribe once the free time was up.

    Need to find a good class on youtube to start doing a bit at home.
    I normally do classes at the gym but dont think 1 or 2 classes is enough. So any recommendations gratefully received.
    Make £10 a day challenge Jan/£215.84/ Feb £146.45/ Mar £192.55/Apr £171.20/ May £156.40/june £95.55/ Jul £383.85/Aug £211.60/Sep £167.45
    Walk 2000 miles in 2017....1452.69 miles
    • museumworker
    • By museumworker 16th Jul 17, 10:06 PM
    • 1,906 Posts
    • 10,896 Thanks
    museumworker
    Excellent title for your new diary. Looking forward to following along
    Originally posted by Viking_mfw
    Thank you Viking, and have also subscribed to your new diary. Congrats on the house offer and look forward to following your progress.
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • museumworker
    • By museumworker 16th Jul 17, 10:08 PM
    • 1,906 Posts
    • 10,896 Thanks
    museumworker
    Arghhhhhhh!!! I keep losing posts!

    I'm trying to say, if it'll let me, happy new diary, awesome OPs and self care for the win!
    Originally posted by Courgette
    That one got through - well done for perserving! Need to catch up on your diary... actually probably need to read the whole thing again as I have a memory like a sieve so can't remember where I left it !

    Let me know if you make it to London again, hopefully this time the self-care will mean I'm well enough to meet up!
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • museumworker
    • By museumworker 16th Jul 17, 10:09 PM
    • 1,906 Posts
    • 10,896 Thanks
    museumworker
    Hey MW, I shall be cheering you on and gentle reminding you to be kind to yourself along the way
    Originally posted by Kittenkirst
    Thanks Kitten, cheers and gentle reminders much appreciated. Feel free to start throwing things if I'm not listening though .
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
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