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** Jock_Tight** mortgage free diary

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  • ammonite
    ammonite Posts: 1,429 Forumite
    First Anniversary Combo Breaker
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    Congratulations, what an inspiration you are ! Enjoy your celebrations :)
  • Dragonrider
    Dragonrider Posts: 168 Forumite
    First Anniversary Combo Breaker
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    Congratulations!
    What's next?!

    Dragonrider
  • edinburgher
    edinburgher Posts: 13,482 Forumite
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    Dragonrider wrote: »
    Congratulations!
    What's next?!

    Dragonrider

    You should do a 'post MFW diary' to inspire us all to stick with it - cheerful tales of stacking investments up and generally living the high life ;)
  • Jock_Tight
    Jock_Tight Posts: 414 Forumite
    Mortgage-free Glee!
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    edinburgher wrote: »
    You should do a 'post MFW diary' to inspire us all to stick with it - cheerful tales of stacking investments up and generally living the high life ;)

    We are looking at 3 holidays abroad next year :cool:
    * New York for my 40th in January
    * Fuerteventura for a week in May
    * Las Vegas for our 10th wedding anniversary in October (group of us going) [ this has been on the cards for a couple of years and we already have ~£1k each saved up from collecting £2 coins!! ]

    At the start of 2013 I will be setting up SO's to absorb the extra cash. AVC, possibly Index Tracker (S&S ISA) and further cash savings. Ideally consume the same amount I have been paying into the mortgage, that way I dont have the temptation to go splurge it.......

    My VW Bora is now 12 years old, 150k miles however still going strong, trying to hold on for as long as possible however will come a point when it needs replaced.

    Mo money mo problems :)
    5/10/12 : Mortgage Free :)
  • ztan
    ztan Posts: 400 Forumite
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    Oh how I envy you Jock... well done!
    MFW 2010- £112,500 + 20% Equity Loan = £150,000 35 years :o
    2013- £108,877.28 + 20% / current OP = 19 years :T
    Target to be Shared Equity Free- 2016
    Target for holiday to Australia- 2014
    Currently training for a Commando Challenge- drop and give me 20
  • edinburgher
    edinburgher Posts: 13,482 Forumite
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    The holidays sound fab and the index tracker in a S&S ISA sounds like a great use for some of the spare cash. I pay into one of the Vanguard Lifestrategy funds which is a fund of tracking funds. The Monevator blog is a good read for passive investors :)
  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
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    agree with edin on vanguard
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • Jock_Tight
    Jock_Tight Posts: 414 Forumite
    Mortgage-free Glee!
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    edinburgher wrote: »
    The holidays sound fab and the index tracker in a S&S ISA sounds like a great use for some of the spare cash. I pay into one of the Vanguard Lifestrategy funds which is a fund of tracking funds. The Monevator blog is a good read for passive investors :)

    Seen the Monevator blog a while back, thats where I got the idea of passive investing as a means of getting into the S&S ISA side of things. Have been using my cash ISA allowance over the past several years so that side is sorted.

    Will have a look into Vanguard, cheers ;)
    5/10/12 : Mortgage Free :)
  • edinburgher
    edinburgher Posts: 13,482 Forumite
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    Good stuff. Also remember that you can convert transfer cash ISAs into S&S ISAs (but sadly not the other way) :)
  • Jock_Tight
    Jock_Tight Posts: 414 Forumite
    Mortgage-free Glee!
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    Been a while so I thought I would update!

    Cost us ~£160 to have the standard security discharged and land registry updated via solicitor, deeds now in our possession.

    Turn 40 this Sunday (13th) :beer:

    Off to the Canaries for a week end of January for some sun :D
    Will also do New York later in the year then Vegas in October.

    Jock :)
    5/10/12 : Mortgage Free :)
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