“I’ve already made 12k in 2 years on my house, in 20 years time I’m going to be rich”

meanmachine_2

People assume that, because you don't plan on having a wife, kids, a dog and a massive mortgage, you are condemning yourself to a life of misery!

People are stupid sometimes.

Woby_Tide

meanmachine wrote:

People assume that, because you don't plan on having a wife, kids, a dog and a massive mortgage, you are condemning yourself to a life of misery!

Going by your output on here I don't exactly have you down as the happiest bunny out there.......;)

A load of negative numbers with lots of zeroes on your mortgage statement might be just the pick me up you need:rotfl:

moneywise_2

This is a very good point and i try to point it out for many people.

When you get a mortgages ,, you are going to get some more debt
in latin
Mort = death
gage = Grip

a Death grip is what they are getting . imagine your money can make more money in just simple 4 % isa account of if your money is for long term you can think of other way to saving to get higher yield of interest.

so really the FTSE all share past record is about 12 % with compounds interest is going to get 3,685,870.69 which is a lot more then you though

one more point to make is while you saving money if you see some fantastic opportunities for investment you can consider for it rather then in your friend situation he can only say , " I can't afford it "

here is the whole break down of the saving calculation
Month Deposit Balance
Now 0.00 0.00
May-06 900.00 900.00
Jun-06 901.50 1,810.50
Jul-06 903.00 2,731.61
Aug-06 904.51 3,663.43
Sep-06 906.02 4,606.08
Oct-06 907.53 5,559.67
Nov-06 909.04 6,524.30
Dec-06 910.55 7,500.10
Jan-07 912.07 8,487.17
Feb-07 913.59 9,485.63
Mar-07 915.11 10,495.60
Apr-07 916.64 11,517.19
May-07 918.17 12,550.53
Jun-07 919.70 13,595.73
Jul-07 921.23 14,652.92
Aug-07 922.76 15,722.21
Sep-07 924.30 16,803.74
Oct-07 925.84 17,897.62
Nov-07 927.39 19,003.98
Dec-07 928.93 20,122.95
Jan-08 930.48 21,254.66
Feb-08 932.03 22,399.24
Mar-08 933.58 23,556.81
Apr-08 935.14 24,727.52
May-08 936.70 25,911.49
Jun-08 938.26 27,108.87
Jul-08 939.82 28,319.78
Aug-08 941.39 29,544.37
Sep-08 942.96 30,782.77
Oct-08 944.53 32,035.13
Nov-08 946.10 33,301.59
Dec-08 947.68 34,582.28
Jan-09 949.26 35,877.37
Feb-09 950.84 37,186.98
Mar-09 952.43 38,511.28
Apr-09 954.02 39,850.41
May-09 955.61 41,204.52
Jun-09 957.20 42,573.76
Jul-09 958.79 43,958.29
Aug-09 960.39 45,358.27
Sep-09 961.99 46,773.84
Oct-09 963.60 48,205.17
Nov-09 965.20 49,652.43
Dec-09 966.81 51,115.76
Jan-10 968.42 52,595.34
Feb-10 970.04 54,091.33
Mar-10 971.65 55,603.89
Apr-10 973.27 57,133.20
May-10 974.89 58,679.43
Jun-10 976.52 60,242.74
Jul-10 978.15 61,823.32
Aug-10 979.78 63,421.32
Sep-10 981.41 65,036.95
Oct-10 983.04 66,670.36
Nov-10 984.68 68,321.75
Dec-10 986.32 69,991.29
Jan-11 987.97 71,679.17
Feb-11 989.61 73,385.58
Mar-11 991.26 75,110.70
Apr-11 992.92 76,854.72
May-11 994.57 78,617.84
Jun-11 996.23 80,400.24
Jul-11 997.89 82,202.14
Aug-11 999.55 84,023.71
Sep-11 1,001.22 85,865.16
Oct-11 1,002.89 87,726.70
Nov-11 1,004.56 89,608.53
Dec-11 1,006.23 91,510.85
Jan-12 1,007.91 93,433.86
Feb-12 1,009.59 95,377.79
Mar-12 1,011.27 97,342.84
Apr-12 1,012.96 99,329.23
May-12 1,014.65 101,337.17
Jun-12 1,016.34 103,366.88
Jul-12 1,018.03 105,418.57
Aug-12 1,019.73 107,492.49
Sep-12 1,021.43 109,588.84
Oct-12 1,023.13 111,707.86
Nov-12 1,024.83 113,849.77
Dec-12 1,026.54 116,014.81
Jan-13 1,028.25 118,203.21
Feb-13 1,029.97 120,415.21
Mar-13 1,031.68 122,651.05
Apr-13 1,033.40 124,910.96
May-13 1,035.13 127,195.20
Jun-13 1,036.85 129,504.00
Jul-13 1,038.58 131,837.62
Aug-13 1,040.31 134,196.31
Sep-13 1,042.04 136,580.31
Oct-13 1,043.78 138,989.90
Nov-13 1,045.52 141,425.32
Dec-13 1,047.26 143,886.83
Jan-14 1,049.01 146,374.71
Feb-14 1,050.76 148,889.21
Mar-14 1,052.51 151,430.61
Apr-14 1,054.26 153,999.18
May-14 1,056.02 156,595.19
Jun-14 1,057.78 159,218.92
Jul-14 1,059.54 161,870.65
Aug-14 1,061.31 164,550.67
Sep-14 1,063.08 167,259.25
Oct-14 1,064.85 169,996.69
Nov-14 1,066.62 172,763.28
Dec-14 1,068.40 175,559.32
Jan-15 1,070.18 178,385.09
Feb-15 1,071.97 181,240.91
Mar-15 1,073.75 184,127.07
Apr-15 1,075.54 187,043.88
May-15 1,077.33 189,991.66
Jun-15 1,079.13 192,970.70
Jul-15 1,080.93 195,981.34
Aug-15 1,082.73 199,023.88
Sep-15 1,084.53 202,098.65
Oct-15 1,086.34 205,205.98
Nov-15 1,088.15 208,346.19
Dec-15 1,089.97 211,519.62
Jan-16 1,091.78 214,726.60
Feb-16 1,093.60 217,967.47
Mar-16 1,095.43 221,242.57
Apr-16 1,097.25 224,552.25
May-16 1,099.08 227,896.85
Jun-16 1,100.91 231,276.73
Jul-16 1,102.75 234,692.24
Aug-16 1,104.58 238,143.75
Sep-16 1,106.43 241,631.61
Oct-16 1,108.27 245,156.20
Nov-16 1,110.12 248,717.87
Dec-16 1,111.97 252,317.02
Jan-17 1,113.82 255,954.01
Feb-17 1,115.68 259,629.22
Mar-17 1,117.54 263,343.05
Apr-17 1,119.40 267,095.88
May-17 1,121.26 270,888.10
Jun-17 1,123.13 274,720.12
Jul-17 1,125.00 278,592.32
Aug-17 1,126.88 282,505.12
Sep-17 1,128.76 286,458.93
Oct-17 1,130.64 290,454.16
Nov-17 1,132.52 294,491.23
Dec-17 1,134.41 298,570.55
Jan-18 1,136.30 302,692.56
Feb-18 1,138.20 306,857.68
Mar-18 1,140.09 311,066.35
Apr-18 1,141.99 315,319.00
May-18 1,143.90 319,616.09
Jun-18 1,145.80 323,958.05
Jul-18 1,147.71 328,345.34
Aug-18 1,149.62 332,778.42
Sep-18 1,151.54 337,257.75
Oct-18 1,153.46 341,783.78
Nov-18 1,155.38 346,357.00
Dec-18 1,157.31 350,977.88
Jan-19 1,159.24 355,646.90
Feb-19 1,161.17 360,364.54
Mar-19 1,163.10 365,131.28
Apr-19 1,165.04 369,947.64
May-19 1,166.98 374,814.10
Jun-19 1,168.93 379,731.17
Jul-19 1,170.88 384,699.36
Aug-19 1,172.83 389,719.18
Sep-19 1,174.78 394,791.16
Oct-19 1,176.74 399,915.81
Nov-19 1,178.70 405,093.67
Dec-19 1,180.67 410,325.28
Jan-20 1,182.64 415,611.17
Feb-20 1,184.61 420,951.88
Mar-20 1,186.58 426,347.98
Apr-20 1,188.56 431,800.02
May-20 1,190.54 437,308.56
Jun-20 1,192.52 442,874.17
Jul-20 1,194.51 448,497.42
Aug-20 1,196.50 454,178.90
Sep-20 1,198.50 459,919.19
Oct-20 1,200.49 465,718.87
Nov-20 1,202.49 471,578.55
Dec-20 1,204.50 477,498.84
Jan-21 1,206.51 483,480.33
Feb-21 1,208.52 489,523.65
Mar-21 1,210.53 495,629.42
Apr-21 1,212.55 501,798.26
May-21 1,214.57 508,030.82
Jun-21 1,216.59 514,327.72
Jul-21 1,218.62 520,689.62
Aug-21 1,220.65 527,117.16
Sep-21 1,222.69 533,611.02
Oct-21 1,224.72 540,171.86
Nov-21 1,226.77 546,800.34
Dec-21 1,228.81 553,497.16
Jan-22 1,230.86 560,262.99
Feb-22 1,232.91 567,098.53
Mar-22 1,234.96 574,004.48
Apr-22 1,237.02 580,981.55
May-22 1,239.08 588,030.45
Jun-22 1,241.15 595,151.90
Jul-22 1,243.22 602,346.64
Aug-22 1,245.29 609,615.40
Sep-22 1,247.37 616,958.92
Oct-22 1,249.45 624,377.95
Nov-22 1,251.53 631,873.26
Dec-22 1,253.61 639,445.60
Jan-23 1,255.70 647,095.76
Feb-23 1,257.80 654,824.51
Mar-23 1,259.89 662,632.65
Apr-23 1,261.99 670,520.97
May-23 1,264.10 678,490.27
Jun-23 1,266.20 686,541.38
Jul-23 1,268.31 694,675.10
Aug-23 1,270.43 702,892.28
Sep-23 1,272.54 711,193.75
Oct-23 1,274.66 719,580.35
Nov-23 1,276.79 728,052.94
Dec-23 1,278.92 736,612.39
Jan-24 1,281.05 745,259.56
Feb-24 1,283.18 753,995.34
Mar-24 1,285.32 762,820.61
Apr-24 1,287.46 771,736.28
May-24 1,289.61 780,743.26
Jun-24 1,291.76 789,842.45
Jul-24 1,293.91 799,034.79
Aug-24 1,296.07 808,321.20
Sep-24 1,298.23 817,702.64
Oct-24 1,300.39 827,180.06
Nov-24 1,302.56 836,754.42
Dec-24 1,304.73 846,426.70
Jan-25 1,306.91 856,197.87
Feb-25 1,309.08 866,068.93
Mar-25 1,311.27 876,040.89
Apr-25 1,313.45 886,114.75
May-25 1,315.64 896,291.53
Jun-25 1,317.83 906,572.28
Jul-25 1,320.03 916,958.03
Aug-25 1,322.23 927,449.84
Sep-25 1,324.43 938,048.78
Oct-25 1,326.64 948,755.90
Nov-25 1,328.85 959,572.31
Dec-25 1,331.07 970,499.10
Jan-26 1,333.28 981,537.38
Feb-26 1,335.51 992,688.26
Mar-26 1,337.73 1,003,952.87
Apr-26 1,339.96 1,015,332.36
May-26 1,342.20 1,026,827.88
Jun-26 1,344.43 1,038,440.59
Jul-26 1,346.67 1,050,171.67
Aug-26 1,348.92 1,062,022.31
Sep-26 1,351.17 1,073,993.70
Oct-26 1,353.42 1,086,087.05
Nov-26 1,355.67 1,098,303.59
Dec-26 1,357.93 1,110,644.56
Jan-27 1,360.20 1,123,111.20
Feb-27 1,362.46 1,135,704.78
Mar-27 1,364.73 1,148,426.56
Apr-27 1,367.01 1,161,277.83
May-27 1,369.29 1,174,259.90
Jun-27 1,371.57 1,187,374.07
Jul-27 1,373.85 1,200,621.66
Aug-27 1,376.14 1,214,004.02
Sep-27 1,378.44 1,227,522.50
Oct-27 1,380.74 1,241,178.46
Nov-27 1,383.04 1,254,973.28
Dec-27 1,385.34 1,268,908.36
Jan-28 1,387.65 1,282,985.09
Feb-28 1,389.96 1,297,204.91
Mar-28 1,392.28 1,311,569.24
Apr-28 1,394.60 1,326,079.53
May-28 1,396.92 1,340,737.25
Jun-28 1,399.25 1,355,543.87
Jul-28 1,401.59 1,370,500.90
Aug-28 1,403.92 1,385,609.83
Sep-28 1,406.26 1,400,872.19
Oct-28 1,408.60 1,416,289.51
Nov-28 1,410.95 1,431,863.36
Dec-28 1,413.30 1,447,595.30
Jan-29 1,415.66 1,463,486.91
Feb-29 1,418.02 1,479,539.80
Mar-29 1,420.38 1,495,755.58
Apr-29 1,422.75 1,512,135.89
May-29 1,425.12 1,528,682.36
Jun-29 1,427.50 1,545,396.68
Jul-29 1,429.88 1,562,280.53
Aug-29 1,432.26 1,579,335.59
Sep-29 1,434.65 1,596,563.59
Oct-29 1,437.04 1,613,966.26
Nov-29 1,439.43 1,631,545.36
Dec-29 1,441.83 1,649,302.64
Jan-30 1,444.23 1,667,239.90
Feb-30 1,446.64 1,685,358.94
Mar-30 1,449.05 1,703,661.58
Apr-30 1,451.47 1,722,149.67
May-30 1,453.89 1,740,825.05
Jun-30 1,456.31 1,759,689.61
Jul-30 1,458.74 1,778,745.24
Aug-30 1,461.17 1,797,993.86
Sep-30 1,463.60 1,817,437.40
Oct-30 1,466.04 1,837,077.82
Nov-30 1,468.49 1,856,917.08
Dec-30 1,470.93 1,876,957.18
Jan-31 1,473.38 1,897,200.14
Feb-31 1,475.84 1,917,647.98
Mar-31 1,478.30 1,938,302.76
Apr-31 1,480.76 1,959,166.55
May-31 1,483.23 1,980,241.45
Jun-31 1,485.70 2,001,529.57
Jul-31 1,488.18 2,023,033.04
Aug-31 1,490.66 2,044,754.04
Sep-31 1,493.14 2,066,694.72
Oct-31 1,495.63 2,088,857.30
Nov-31 1,498.13 2,111,244.00
Dec-31 1,500.62 2,133,857.06
Jan-32 1,503.12 2,156,698.76
Feb-32 1,505.63 2,179,771.37
Mar-32 1,508.14 2,203,077.23
Apr-32 1,510.65 2,226,618.65
May-32 1,513.17 2,250,398.01
Jun-32 1,515.69 2,274,417.68
Jul-32 1,518.22 2,298,680.07
Aug-32 1,520.75 2,323,187.62
Sep-32 1,523.28 2,347,942.78
Oct-32 1,525.82 2,372,948.03
Nov-32 1,528.36 2,398,205.88
Dec-32 1,530.91 2,423,718.85
Jan-33 1,533.46 2,449,489.50
Feb-33 1,536.02 2,475,520.41
Mar-33 1,538.58 2,501,814.20
Apr-33 1,541.14 2,528,373.48
May-33 1,543.71 2,555,200.93
Jun-33 1,546.28 2,582,299.22
Jul-33 1,548.86 2,609,671.08
Aug-33 1,551.44 2,637,319.23
Sep-33 1,554.03 2,665,246.45
Oct-33 1,556.62 2,693,455.54
Nov-33 1,559.21 2,721,949.31
Dec-33 1,561.81 2,750,730.61
Jan-34 1,564.42 2,779,802.33
Feb-34 1,567.02 2,809,167.38
Mar-34 1,569.63 2,838,828.69
Apr-34 1,572.25 2,868,789.22
May-34 1,574.87 2,899,051.99
Jun-34 1,577.50 2,929,620.00
Jul-34 1,580.12 2,960,496.33
Aug-34 1,582.76 2,991,684.05
Sep-34 1,585.40 3,023,186.29
Oct-34 1,588.04 3,055,006.19
Nov-34 1,590.69 3,087,146.94
Dec-34 1,593.34 3,119,611.74
Jan-35 1,595.99 3,152,403.85
Feb-35 1,598.65 3,185,526.54
Mar-35 1,601.32 3,218,983.12
Apr-35 1,603.99 3,252,776.94
May-35 1,606.66 3,286,911.37
Jun-35 1,609.34 3,321,389.82
Jul-35 1,612.02 3,356,215.74
Aug-35 1,614.71 3,391,392.60
Sep-35 1,617.40 3,426,923.92
Oct-35 1,620.09 3,462,813.25
Nov-35 1,622.79 3,499,064.18
Dec-35 1,625.50 3,535,680.32
Jan-36 1,628.21 3,572,665.32
Feb-36 1,630.92 3,610,022.90
Mar-36 1,633.64 3,647,756.77
Apr-36 1,636.36 3,685,870.69

happenstance wrote:

Now thats not a quote from me but someone i know. I was looking at buying a property but came to the conculsion that they are too overinflated and a house is only worth what someone is preparted to pay for it. You havent made a penny untill you sell a property.

Anyway on to the point. My friend pays about 10'000 a year on a mortgage of 140'000 that lasts 30 years. So after paying 300k he'll own his house that cost 140k.

Now im taking another route, I travel about with my job and so dont really need anywhere other than a room to crash in the odd weekend. So i have not so great room in a shared house that costs 280pcm (inc tax, water, elec, bills). As im no money waster im currently saving about £900 a month. The intrest i get averages out at 3.927% pa from a combination of isa and bonds. Also I don't think my 280 is that much more than my friends bills for his house.

So roughtly Im saving 10'000 a year and after 30 years i will have £575'816.88 in very liquid accets and my friend will have a house worth 253'590 (based on inflation at 2% a year) that he has to maintain. Very rough figure as im not calculating the intrest daily but yearly.

Anyway does this make sence to anyone else or have i got my figures all wrong?

Jay1b

Well thanks for that, its a shame its not readable!!!

I disagree with the OP. In x years time the rent will go up, the mortgage amount wont.

I dont think house prices will rise much in the next few years (flatline probably), but i still just brought a month ago. Actually i've made £10K already. he he - but i think thats just down to luck and good haggling.

Woby_Tide

moneywise wrote:

This is a very good point and i try to point it out for many people.

When you get a mortgages ,, you are going to get some more debt
in latin
Mort = death
gage = Grip

a Death grip is what they are getting . imagine your money can make more money in just simple 4 % isa account of if your money is for long term you can think of other way to saving to get higher yield of interest.

so really the FTSE all share past record is about 12 % with compounds interest is going to get 3,685,870.69 which is a lot more then you though

one more point to make is while you saving money if you see some fantastic opportunities for investment you can consider for it rather then in your friend situation he can only say , " I can't afford it "

here is the whole break down of the saving calculation
Month Deposit Balance
Now 0.00 0.00
May-06 900.00 900.00
Jun-06 901.50 1,810.50
Jul-06 903.00 2,731.61
Aug-06 904.51 3,663.43
Sep-06 906.02 4,606.08
Oct-06 907.53 5,559.67
Nov-06 909.04 6,524.30
Dec-06 910.55 7,500.10
Jan-07 912.07 8,487.17
Feb-07 913.59 9,485.63
Mar-07 915.11 10,495.60
Apr-07 916.64 11,517.19
May-07 918.17 12,550.53
Jun-07 919.70 13,595.73
Jul-07 921.23 14,652.92
Aug-07 922.76 15,722.21
Sep-07 924.30 16,803.74
Oct-07 925.84 17,897.62
Nov-07 927.39 19,003.98
Dec-07 928.93 20,122.95
Jan-08 930.48 21,254.66
Feb-08 932.03 22,399.24
Mar-08 933.58 23,556.81
Apr-08 935.14 24,727.52
May-08 936.70 25,911.49
Jun-08 938.26 27,108.87
Jul-08 939.82 28,319.78
Aug-08 941.39 29,544.37
Sep-08 942.96 30,782.77
Oct-08 944.53 32,035.13
Nov-08 946.10 33,301.59
Dec-08 947.68 34,582.28
Jan-09 949.26 35,877.37
Feb-09 950.84 37,186.98
Mar-09 952.43 38,511.28
Apr-09 954.02 39,850.41
May-09 955.61 41,204.52
Jun-09 957.20 42,573.76
Jul-09 958.79 43,958.29
Aug-09 960.39 45,358.27
Sep-09 961.99 46,773.84
Oct-09 963.60 48,205.17
Nov-09 965.20 49,652.43
Dec-09 966.81 51,115.76
Jan-10 968.42 52,595.34
Feb-10 970.04 54,091.33
Mar-10 971.65 55,603.89
Apr-10 973.27 57,133.20
May-10 974.89 58,679.43
Jun-10 976.52 60,242.74
Jul-10 978.15 61,823.32
Aug-10 979.78 63,421.32
Sep-10 981.41 65,036.95
Oct-10 983.04 66,670.36
Nov-10 984.68 68,321.75
Dec-10 986.32 69,991.29
Jan-11 987.97 71,679.17
Feb-11 989.61 73,385.58
Mar-11 991.26 75,110.70
Apr-11 992.92 76,854.72
May-11 994.57 78,617.84
Jun-11 996.23 80,400.24
Jul-11 997.89 82,202.14
Aug-11 999.55 84,023.71
Sep-11 1,001.22 85,865.16
Oct-11 1,002.89 87,726.70
Nov-11 1,004.56 89,608.53
Dec-11 1,006.23 91,510.85
Jan-12 1,007.91 93,433.86
Feb-12 1,009.59 95,377.79
Mar-12 1,011.27 97,342.84
Apr-12 1,012.96 99,329.23
May-12 1,014.65 101,337.17
Jun-12 1,016.34 103,366.88
Jul-12 1,018.03 105,418.57
Aug-12 1,019.73 107,492.49
Sep-12 1,021.43 109,588.84
Oct-12 1,023.13 111,707.86
Nov-12 1,024.83 113,849.77
Dec-12 1,026.54 116,014.81
Jan-13 1,028.25 118,203.21
Feb-13 1,029.97 120,415.21
Mar-13 1,031.68 122,651.05
Apr-13 1,033.40 124,910.96
May-13 1,035.13 127,195.20
Jun-13 1,036.85 129,504.00
Jul-13 1,038.58 131,837.62
Aug-13 1,040.31 134,196.31
Sep-13 1,042.04 136,580.31
Oct-13 1,043.78 138,989.90
Nov-13 1,045.52 141,425.32
Dec-13 1,047.26 143,886.83
Jan-14 1,049.01 146,374.71
Feb-14 1,050.76 148,889.21
Mar-14 1,052.51 151,430.61
Apr-14 1,054.26 153,999.18
May-14 1,056.02 156,595.19
Jun-14 1,057.78 159,218.92
Jul-14 1,059.54 161,870.65
Aug-14 1,061.31 164,550.67
Sep-14 1,063.08 167,259.25
Oct-14 1,064.85 169,996.69
Nov-14 1,066.62 172,763.28
Dec-14 1,068.40 175,559.32
Jan-15 1,070.18 178,385.09
Feb-15 1,071.97 181,240.91
Mar-15 1,073.75 184,127.07
Apr-15 1,075.54 187,043.88
May-15 1,077.33 189,991.66
Jun-15 1,079.13 192,970.70
Jul-15 1,080.93 195,981.34
Aug-15 1,082.73 199,023.88
Sep-15 1,084.53 202,098.65
Oct-15 1,086.34 205,205.98
Nov-15 1,088.15 208,346.19
Dec-15 1,089.97 211,519.62
Jan-16 1,091.78 214,726.60
Feb-16 1,093.60 217,967.47
Mar-16 1,095.43 221,242.57
Apr-16 1,097.25 224,552.25
May-16 1,099.08 227,896.85
Jun-16 1,100.91 231,276.73
Jul-16 1,102.75 234,692.24
Aug-16 1,104.58 238,143.75
Sep-16 1,106.43 241,631.61
Oct-16 1,108.27 245,156.20
Nov-16 1,110.12 248,717.87
Dec-16 1,111.97 252,317.02
Jan-17 1,113.82 255,954.01
Feb-17 1,115.68 259,629.22
Mar-17 1,117.54 263,343.05
Apr-17 1,119.40 267,095.88
May-17 1,121.26 270,888.10
Jun-17 1,123.13 274,720.12
Jul-17 1,125.00 278,592.32
Aug-17 1,126.88 282,505.12
Sep-17 1,128.76 286,458.93
Oct-17 1,130.64 290,454.16
Nov-17 1,132.52 294,491.23
Dec-17 1,134.41 298,570.55
Jan-18 1,136.30 302,692.56
Feb-18 1,138.20 306,857.68
Mar-18 1,140.09 311,066.35
Apr-18 1,141.99 315,319.00
May-18 1,143.90 319,616.09
Jun-18 1,145.80 323,958.05
Jul-18 1,147.71 328,345.34
Aug-18 1,149.62 332,778.42
Sep-18 1,151.54 337,257.75
Oct-18 1,153.46 341,783.78
Nov-18 1,155.38 346,357.00
Dec-18 1,157.31 350,977.88
Jan-19 1,159.24 355,646.90
Feb-19 1,161.17 360,364.54
Mar-19 1,163.10 365,131.28
Apr-19 1,165.04 369,947.64
May-19 1,166.98 374,814.10
Jun-19 1,168.93 379,731.17
Jul-19 1,170.88 384,699.36
Aug-19 1,172.83 389,719.18
Sep-19 1,174.78 394,791.16
Oct-19 1,176.74 399,915.81
Nov-19 1,178.70 405,093.67
Dec-19 1,180.67 410,325.28
Jan-20 1,182.64 415,611.17
Feb-20 1,184.61 420,951.88
Mar-20 1,186.58 426,347.98
Apr-20 1,188.56 431,800.02
May-20 1,190.54 437,308.56
Jun-20 1,192.52 442,874.17
Jul-20 1,194.51 448,497.42
Aug-20 1,196.50 454,178.90
Sep-20 1,198.50 459,919.19
Oct-20 1,200.49 465,718.87
Nov-20 1,202.49 471,578.55
Dec-20 1,204.50 477,498.84
Jan-21 1,206.51 483,480.33
Feb-21 1,208.52 489,523.65
Mar-21 1,210.53 495,629.42
Apr-21 1,212.55 501,798.26
May-21 1,214.57 508,030.82
Jun-21 1,216.59 514,327.72
Jul-21 1,218.62 520,689.62
Aug-21 1,220.65 527,117.16
Sep-21 1,222.69 533,611.02
Oct-21 1,224.72 540,171.86
Nov-21 1,226.77 546,800.34
Dec-21 1,228.81 553,497.16
Jan-22 1,230.86 560,262.99
Feb-22 1,232.91 567,098.53
Mar-22 1,234.96 574,004.48
Apr-22 1,237.02 580,981.55
May-22 1,239.08 588,030.45
Jun-22 1,241.15 595,151.90
Jul-22 1,243.22 602,346.64
Aug-22 1,245.29 609,615.40
Sep-22 1,247.37 616,958.92
Oct-22 1,249.45 624,377.95
Nov-22 1,251.53 631,873.26
Dec-22 1,253.61 639,445.60
Jan-23 1,255.70 647,095.76
Feb-23 1,257.80 654,824.51
Mar-23 1,259.89 662,632.65
Apr-23 1,261.99 670,520.97
May-23 1,264.10 678,490.27
Jun-23 1,266.20 686,541.38
Jul-23 1,268.31 694,675.10
Aug-23 1,270.43 702,892.28
Sep-23 1,272.54 711,193.75
Oct-23 1,274.66 719,580.35
Nov-23 1,276.79 728,052.94
Dec-23 1,278.92 736,612.39
Jan-24 1,281.05 745,259.56
Feb-24 1,283.18 753,995.34
Mar-24 1,285.32 762,820.61
Apr-24 1,287.46 771,736.28
May-24 1,289.61 780,743.26
Jun-24 1,291.76 789,842.45
Jul-24 1,293.91 799,034.79
Aug-24 1,296.07 808,321.20
Sep-24 1,298.23 817,702.64
Oct-24 1,300.39 827,180.06
Nov-24 1,302.56 836,754.42
Dec-24 1,304.73 846,426.70
Jan-25 1,306.91 856,197.87
Feb-25 1,309.08 866,068.93
Mar-25 1,311.27 876,040.89
Apr-25 1,313.45 886,114.75
May-25 1,315.64 896,291.53
Jun-25 1,317.83 906,572.28
Jul-25 1,320.03 916,958.03
Aug-25 1,322.23 927,449.84
Sep-25 1,324.43 938,048.78
Oct-25 1,326.64 948,755.90
Nov-25 1,328.85 959,572.31
Dec-25 1,331.07 970,499.10
Jan-26 1,333.28 981,537.38
Feb-26 1,335.51 992,688.26
Mar-26 1,337.73 1,003,952.87
Apr-26 1,339.96 1,015,332.36
May-26 1,342.20 1,026,827.88
Jun-26 1,344.43 1,038,440.59
Jul-26 1,346.67 1,050,171.67
Aug-26 1,348.92 1,062,022.31
Sep-26 1,351.17 1,073,993.70
Oct-26 1,353.42 1,086,087.05
Nov-26 1,355.67 1,098,303.59
Dec-26 1,357.93 1,110,644.56
Jan-27 1,360.20 1,123,111.20
Feb-27 1,362.46 1,135,704.78
Mar-27 1,364.73 1,148,426.56
Apr-27 1,367.01 1,161,277.83
May-27 1,369.29 1,174,259.90
Jun-27 1,371.57 1,187,374.07
Jul-27 1,373.85 1,200,621.66
Aug-27 1,376.14 1,214,004.02
Sep-27 1,378.44 1,227,522.50
Oct-27 1,380.74 1,241,178.46
Nov-27 1,383.04 1,254,973.28
Dec-27 1,385.34 1,268,908.36
Jan-28 1,387.65 1,282,985.09
Feb-28 1,389.96 1,297,204.91
Mar-28 1,392.28 1,311,569.24
Apr-28 1,394.60 1,326,079.53
May-28 1,396.92 1,340,737.25
Jun-28 1,399.25 1,355,543.87
Jul-28 1,401.59 1,370,500.90
Aug-28 1,403.92 1,385,609.83
Sep-28 1,406.26 1,400,872.19
Oct-28 1,408.60 1,416,289.51
Nov-28 1,410.95 1,431,863.36
Dec-28 1,413.30 1,447,595.30
Jan-29 1,415.66 1,463,486.91
Feb-29 1,418.02 1,479,539.80
Mar-29 1,420.38 1,495,755.58
Apr-29 1,422.75 1,512,135.89
May-29 1,425.12 1,528,682.36
Jun-29 1,427.50 1,545,396.68
Jul-29 1,429.88 1,562,280.53
Aug-29 1,432.26 1,579,335.59
Sep-29 1,434.65 1,596,563.59
Oct-29 1,437.04 1,613,966.26
Nov-29 1,439.43 1,631,545.36
Dec-29 1,441.83 1,649,302.64
Jan-30 1,444.23 1,667,239.90
Feb-30 1,446.64 1,685,358.94
Mar-30 1,449.05 1,703,661.58
Apr-30 1,451.47 1,722,149.67
May-30 1,453.89 1,740,825.05
Jun-30 1,456.31 1,759,689.61
Jul-30 1,458.74 1,778,745.24
Aug-30 1,461.17 1,797,993.86
Sep-30 1,463.60 1,817,437.40
Oct-30 1,466.04 1,837,077.82
Nov-30 1,468.49 1,856,917.08
Dec-30 1,470.93 1,876,957.18
Jan-31 1,473.38 1,897,200.14
Feb-31 1,475.84 1,917,647.98
Mar-31 1,478.30 1,938,302.76
Apr-31 1,480.76 1,959,166.55
May-31 1,483.23 1,980,241.45
Jun-31 1,485.70 2,001,529.57
Jul-31 1,488.18 2,023,033.04
Aug-31 1,490.66 2,044,754.04
Sep-31 1,493.14 2,066,694.72
Oct-31 1,495.63 2,088,857.30
Nov-31 1,498.13 2,111,244.00
Dec-31 1,500.62 2,133,857.06
Jan-32 1,503.12 2,156,698.76
Feb-32 1,505.63 2,179,771.37
Mar-32 1,508.14 2,203,077.23
Apr-32 1,510.65 2,226,618.65
May-32 1,513.17 2,250,398.01
Jun-32 1,515.69 2,274,417.68
Jul-32 1,518.22 2,298,680.07
Aug-32 1,520.75 2,323,187.62
Sep-32 1,523.28 2,347,942.78
Oct-32 1,525.82 2,372,948.03
Nov-32 1,528.36 2,398,205.88
Dec-32 1,530.91 2,423,718.85
Jan-33 1,533.46 2,449,489.50
Feb-33 1,536.02 2,475,520.41
Mar-33 1,538.58 2,501,814.20
Apr-33 1,541.14 2,528,373.48
May-33 1,543.71 2,555,200.93
Jun-33 1,546.28 2,582,299.22
Jul-33 1,548.86 2,609,671.08
Aug-33 1,551.44 2,637,319.23
Sep-33 1,554.03 2,665,246.45
Oct-33 1,556.62 2,693,455.54
Nov-33 1,559.21 2,721,949.31
Dec-33 1,561.81 2,750,730.61
Jan-34 1,564.42 2,779,802.33
Feb-34 1,567.02 2,809,167.38
Mar-34 1,569.63 2,838,828.69
Apr-34 1,572.25 2,868,789.22
May-34 1,574.87 2,899,051.99
Jun-34 1,577.50 2,929,620.00
Jul-34 1,580.12 2,960,496.33
Aug-34 1,582.76 2,991,684.05
Sep-34 1,585.40 3,023,186.29
Oct-34 1,588.04 3,055,006.19
Nov-34 1,590.69 3,087,146.94
Dec-34 1,593.34 3,119,611.74
Jan-35 1,595.99 3,152,403.85
Feb-35 1,598.65 3,185,526.54
Mar-35 1,601.32 3,218,983.12
Apr-35 1,603.99 3,252,776.94
May-35 1,606.66 3,286,911.37
Jun-35 1,609.34 3,321,389.82
Jul-35 1,612.02 3,356,215.74
Aug-35 1,614.71 3,391,392.60
Sep-35 1,617.40 3,426,923.92
Oct-35 1,620.09 3,462,813.25
Nov-35 1,622.79 3,499,064.18
Dec-35 1,625.50 3,535,680.32
Jan-36 1,628.21 3,572,665.32
Feb-36 1,630.92 3,610,022.90
Mar-36 1,633.64 3,647,756.77
Apr-36 1,636.36 3,685,870.69

Firstly, isn't 'gage' actually pledge rather than grip and it's French in origin?


Secondly, can we all come and live in your house seeing as the money we save by not paying a mortgage allows us to live rent free and save it all?

Also I've no idea how your spreadsheet works, why does the saving go up every month? Is the death grip increasing every month?

happenstance

Cheers moneywise! I'll be a millionaire by Mar-26 hehe!

Jay1b I'm not saying its a plan for 30 years, just what im doing now and predicting what will happen if I continued for 30 years.

You say that you don't expect house prices to rise in the next few years, I agree they can either stay contstant or go down. Then for the next few years doesnt it make sence to save money and earn intrest. Whereas if I got a mortgage I would be paying mostly interest for the first few years.

happenstance

Woby_Tide: moneywise is adding the 900 a month I manage to save and adding the intrest on a monthly basis.

Woby_Tide

happenstance wrote:

Woby_Tide: moneywise is adding the 900 a month I manage to save and adding the intrest on a monthly basis.

but the £900 isn't constant, why is it increasing by £1.50 per month?

I still can't see any logical flow for how the balance is being calculated

happenstance

Woby_Tide wrote:

but the £900 isn't constant, why is it increasing by £1.50 per month?

I still can't see any logical flow for how the balance is being calculated

It’s just increasing by 1.50 for the first 2 months. The 900 is increasing as this is 900 plus the interest from the previous months balance then in the last column this is the 900 plus the interest from the previous month plus the previous balance. Or I assume it is.

Woby_Tide

happenstance wrote:

It’s just increasing by 1.50 for the first 2 months. The 900 is increasing as this is 900 plus the interest from the previous months balance then in the last column this is the 900 plus the interest from the previous month plus the previous balance. Or I assume it is.

OK, the £1.50 becomes £1.51 then it becomes £1.52 then £1.53 what is this mythical £1.50 that is earning interest?

So we pay in £900, earn £1.50 interest(because interest rates where the money is are at 6%) then next month we have £901.50 to deposit as we withdraw the interest to re-deposit it. So we now have £1,810.50 due to the interest on the money(interest rates are now 8% due to a good month on the FTSE). In the bank, now we deposit £903 which is the erm...which is the £900 we always deposit plus the erm....the £1.50 interest from the first month, plus the erm, the erm the £9 interest we earned last month so £900 + £1.50 + £9 is £903 so now we have £2731.61. So we've earned £27.31 in interest this month on all our money so rates are now 9%. So next month we need to deposit £900 +£1.50 + £9 + £27.31 = £904.51