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Debt-free so Where Next?

JCofRamsgate
JCofRamsgate Posts: 2 Newbie
in Debt-free wannabe
Hello - I've just recently got myself debt-free by selling my house and boat (yeah - I know - a hole in the water to throw money into!!!!) and am renting while I think about what to do next. This board no longer seems appropriate, so where should I be looking for suggestions as to what to do with my £130K?

Comments

  • BabyBetty
    BabyBetty Posts: 196 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Switch gears and check out the other forums - Savings and investing etc.

    BB
    Original debt at LBM July 2008, £47, 654.34. Debt at January 2016, £21,443. Barclaycard [STRIKE]£9,000[/STRIKE]£8,756, Tesco cc [STRIKE]£3000[/STRIKE]£1,136. Debenhams storecard [STRIKE]£350[/STRIKE]£263, OD [STRIKE]£3,500[/STRIKE] £3,000, Corp Tax £3,036, Study loan £1,750, Smaller debts £2,000.

    Since my LBM I have not been fully committed so now I have had a 2nd LBM.
    Aiming to be debt free by December 2016:D
  • Broken_hearted
    Broken_hearted Posts: 9,553 Forumite
    The pub well done
    Barclaycard 3800

    Nothing to do but hibernate till spring
  • andy40
    andy40 Posts: 171 Forumite
    Part of the Furniture
    send it to me :-)
    After all, money does not make you happy!
  • Bufger
    Bufger Posts: 1,857 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    i would say it depends on how old you are, the state of your pension and if you have any dependables etc (also if you have a regular income). Personally i would do some serious investment research and have a go on the stock market! Only 1 go on something you've researched heavily. Then i'd buy a small house and be mortgage free!
    MFW - <£90k
    All other debts cleared thanks to the knowledge gained from this wonderful website and its users!
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