We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum's text editor will shortly be getting an update, adding a bunch of handy new features to use when creating new posts. Read more in our how-to guide

Trials and tribulations of a Debt Free Wannabee!

1252253255257258270

Comments

  • savingholmes
    savingholmes Posts: 29,135 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks Verbatim

    Sorry I have not been on much - I have been writing my new website!

    Over the last 3 days or so I have written probably 80% of my website, now need to come up with a privacy and terms of use policy and download a code of ethics and I will be almost ready to rock and roll!

    In the morning I am being coached for an hour and then I am coaching someone else for a hour (for free). Hope it goes well.

    I have now finalised things with work - picked up my stuff and dropped off theirs - that felt really weird but at least it done now. From Wednesday I will officially be on holiday rather than sick and from the same time next week my notice period will be over and I will be "free"

    At the moment I only have the one interview lined up - so need to perhaps look some more to see if there is anything else locally I have missed. I have been trying to keep an eye out for roles but nothing has jumped out to me as being local at the mo other than what I have already applied for...
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £169.8K Equity 37.1%
    2) £1.3K Net savings after CCs 16/1/26 (but owed £1.1K) so £2.4K
    3) Mortgage neutral by 06/30 (AVC £34.8K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 40.6/£127.5K target 31.8% 16/11/25
    (If took bigger lump sum = 62.7K or 49.2%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5.2K updated 16/1/26
  • In_my_dreams
    In_my_dreams Posts: 1,192 Forumite
    Wow you sound so positive and have achieved a lot in a small space of time. Obviously resigning was completely the right thing to do!

    Keep up the good work :)
    1st debt - Next [STRIKE]£583.32[/STRIKE] [STRIKE]£408.71 [/STRIKE] £0 :j
    2nd debt - MBNA - £6,618.52
    First in many many to go - baby steps and all that!
    First lump sum to go - fingers crossed!
    08/06/09 - [STRIKE]£11,497.68[/STRIKE] NOW - £9,757.75
  • Wow SH - you have achieved so much in such a short space of time!

    Best of luck with the coaching :-)
  • clearmydebts
    clearmydebts Posts: 6,485 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    Wow - is all I can say. It is great to see you going down the road you want to :)

    You have inspired me to re-think a coaching career myself. I was very interested about 3 years ago but didn't pursue it.
    Total (Aug 19):€58,567 Now:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • savingholmes
    savingholmes Posts: 29,135 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks IMD, CMD and LHB

    I am excited about coaching again and really believe I can make a difference. I have been coached twice now - and coached 2 other people once in this last week so feel as if I am back on track. Now I am settle on a niche, it is easier too as I can use similar techniques with different clients and encourage them to use similar tools.

    I now have the password again to download my ethics statement and put it on my website.... still have a privacy and terms of use doc to sort out tho. May see if there are any free samples on the net I can use....
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £169.8K Equity 37.1%
    2) £1.3K Net savings after CCs 16/1/26 (but owed £1.1K) so £2.4K
    3) Mortgage neutral by 06/30 (AVC £34.8K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 40.6/£127.5K target 31.8% 16/11/25
    (If took bigger lump sum = 62.7K or 49.2%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5.2K updated 16/1/26
  • savingholmes
    savingholmes Posts: 29,135 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hi all - especially hypno. It looks like I have found some professional indemnity insurance for more like what hypno pays. For £100 it looks like I can cover personal and business coaching referred by the company I did my original coaching with. Luckily I am within the 7 days of the distance selling regs so should be able to cancel the other one and go with this one..... Wish me luck!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £169.8K Equity 37.1%
    2) £1.3K Net savings after CCs 16/1/26 (but owed £1.1K) so £2.4K
    3) Mortgage neutral by 06/30 (AVC £34.8K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 40.6/£127.5K target 31.8% 16/11/25
    (If took bigger lump sum = 62.7K or 49.2%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5.2K updated 16/1/26
  • bevan840
    bevan840 Posts: 1,014 Forumite
    Part of the Furniture Combo Breaker
    Good luck :) Things are looking much brighter for you SH :) it's been a tough journey for you and I'm glad that things are now fitting into place for you :) shows us all that it can happen :D

    PS Gizmo is coming home tonight :D
    :idea: Jan 09. Debt @ LBM - £11936.55 Debt at worst - £12600.55 Current Debt (01/03/2012) £8,859.51 29.7% Paid off
    Honeymoon Fund £410.40/£6000 House Deposit £1.50
    :A Proud to be dealing with my debts. DFW Nerd 1177 :A
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    Great to hear you've made such great progress on the web site and getting back to coaching. Hope your interview goes well
    2019 fashion on a ration 0/66 coupons
  • Lurker1972
    Lurker1972 Posts: 779 Forumite
    Blimey, what a lot you've achieved since resigning

    well done you
    I do not make mistakes, I learn lessons.
    I work to live, not live to work.
    I love to live & live to love.
    Good enough is exactly that.
  • savingholmes
    savingholmes Posts: 29,135 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks guys... ironically probably spending at least 14 hours a day doing setting my business up. I am conscious that if I do manage to get a job soon I will have much less free time to set anything up so trying to get as much done now as poss.

    Now financially - must cancel one set of insurance and put in place anotehr

    Need to input some holidays and expenses

    Need to send off some coaching agreements to my pro-bono clients
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £169.8K Equity 37.1%
    2) £1.3K Net savings after CCs 16/1/26 (but owed £1.1K) so £2.4K
    3) Mortgage neutral by 06/30 (AVC £34.8K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 40.6/£127.5K target 31.8% 16/11/25
    (If took bigger lump sum = 62.7K or 49.2%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5.2K updated 16/1/26
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
  • 353.3K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 454.9K Spending & Discounts
  • 246.4K Work, Benefits & Business
  • 602.6K Mortgages, Homes & Bills
  • 178K Life & Family
  • 260.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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.