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Key way points along the way are -
1. Clearing all your debt, (none mortgage).
2. Clearing or offsetting your whole mortgage from stoozing / savings.
3. Earning more in interest on your savings than you spend. Thus the whole of your income is surplus and goes back into savings.
4. Earning more in interest on savings compound by 3% more than you spend - Now this is near impossible to achieve but a good goal nonetheless.

P.S. I am at stage 3  ;)

Hi Deemy

Not meaning to be intrusive, but can you tell me how many years have gone into this endeavor and getting to stage 3?

Also, 2 is not necessarily an option for me at present, as till the time I am working, my rent is paid for by the organisation. Of course, I appreciate that the whole idea is to get to a stage where one does not have to depend on a job. But considering I've got to keep working till I reach stage 4 (if I do, that is), how do I chart such a series of steps for myself?

One thing I can think of is going for a BTL, and keep reducing the extent to which the mortgage payment is dependant on the rental inflows, till the time the whole of the rent is a net saving. The house then becomes an option for me to move in if and when I quit my job, or it becomes an investment which I can sell off at some stage, and buy another house more to my liking.

To clarify, all my expenses are paid for, in the form of allowances (including my house rent, conveyance, council tax, gas, electricity, water, even my TV licence) over and above which, I get a per diem allowance that is fairly generous. My domestic expenses come to about £350 a month which is the only outflow. So practically the whole of my salary and that of my wife goes into savings. What would be our stages / milestones?

deemy2004

Hi Deemy

Not meaning to be intrusive, but can you tell me how many years have gone into this endeavor and getting to stage 3?

Also, 2 is not necessarily an option for me at present, as till the time I am working, my rent is paid for by the organisation. Of course, I appreciate that the whole idea is to get to a stage where one does not have to depend on a job. But considering I've got to keep working till I reach stage 4 (if I do, that is), how do I chart such a series of steps for myself?

One thing I can think of is going for a BTL, and keep reducing the extent to which the mortgage payment is dependant on the rental inflows, till the time the whole of the rent is a net saving. The house then becomes an option for me to move in if and when I quit my job, or it becomes an investment which I can sell off at some stage, and buy another house more to my liking.

To clarify, all my expenses are paid for, in the form of allowances (including my house rent, conveyance, council tax, gas, electricity, water, even my TV licence) over and above which, I get a per diem allowance that is fairly generous. My domestic expenses come to about £350 a month which is the only outflow. So practically the whole of my salary and that of my wife goes into savings. What would be our stages / milestones?

First stooze was 4 years ago

Been a moneysaver / money hoarder for near a couple of decades I would have a lot more than what I have now, if it weren't for the dot com crash and bear market....

What I do is track the returns on all investments / savings on a monthly basis with the % annualsed return for that month.
Then I set about ways of upping the % return, maybe only marginally from month to month, but makes a difference.

The effect stoozing has is to up the % return a lot ! since the monies not yours so you don't have to worry about it, losing its value because of inflation.

For my % annualised return on all savings / investments is 5.44%, is then boosted to say 5.98% because of the effect of stoozing i.e. the amount generated in income from money thats not yours.


So create a table in excel, list all of your investments and savings, then generate a monthly rate and an annualsed rate of return % rate. Calc the % return of each item, weight adjusted for the total savings. Then look at ways of upping the % return on a month by month basis.

Goals that I suggest for yourself are -
1. To increase the amount of stoozed money to say £20k
2. To look to increase the overall % return on a monthly basis on savings / investments.
3. To increase your overall cash (i.e. actual value of your savings from both interest and wages) growth by a % every month,