What you all gonna do when your mf

black_taxi_2

work less hours/save a bit/a few short breaks a year/enjoy some nice class restaurants

someday_soon

stop the OCD which forces me to check the MFW pages 5 times a day

.....well probably:o

Mallotum_X

If things go according to plan we will be in our late 30s when MF, we havent yet decided but possibly work 1 day a week less , travel more, or start saving to do the house up!

adwat

someday_soon wrote: »

stop the OCD which forces me to check the MFW pages 5 times a day

.....well probably:o

Same here! Mind you I probably won't - just to keep my hand in so to speak.

pupsicola

Im 37 and have been mortgage free 8 years now. I had a fantastic job in the city and earnt a fortune but it didn't make me happy. I realised early on that at some point the money bubble was going to burst and to stick with it and get myself financially secure while I could.

The dream was too move to the coast and re-train into a job I would love. Im now a part time teaching assistant and absolutley love what I do.

The only regret I have is that I missed out on my twenties as all I did was work. Wish I had taken it a bit slower and had some more balance.

zzzLazyDaisy

I was a highly paid professional, and was mortgage free by the time I was 40.

Five years later I had a bad car accident which left me disabled and put me out of work. The fact that I was already mortgage free has meant the difference between 'coping' and just 'surviving'. It was the best thing I ever did!

Carafan

We are half way through our 10 year plan to be able to move to the coast and for hubbie to work less hours.

We downsized 5 years ago (in value but not in size) and paid off most of our mortgage. The last 5 years have been spent renovating our house and adding value to it to enable us to downsize again!
We hope to pay off our mortgage by the end of 2011 and once mortgage free we will have 4 years to save, save, save.

Then we can move to the coast, hubbie can buy his boat and hopefully work a lot less!

Imelda

pupsicola wrote: »

Im 37 and have been mortgage free 8 years now. I had a fantastic job in the city and earnt a fortune but it didn't make me happy. I realised early on that at some point the money bubble was going to burst and to stick with it and get myself financially secure while I could.

The dream was too move to the coast and re-train into a job I would love. Im now a part time teaching assistant and absolutley love what I do.

The only regret I have is that I missed out on my twenties as all I did was work. Wish I had taken it a bit slower and had some more balance.

This is exactly the situation my DH and I are in, although I have gone back to uni part time (and now work part time, contract work in my former job). My DH works himself to the bone, 6am- 8pm is the norm. There is no way we could contemplate having kids, he would never see them!

By the time we are MF I should hopefully be working full time in my new job and DH can leave and decide what he wants to do.

Good to hear someone has actually managed to escape!

pupsicola

Thanks Imelda. I remember feeling just like you when I was trying to be mf. It is very easy to work yourself into the ground.

I took what I thought at the time were big risks and invested in other property, then let it. At that time it was a pretty safe bet. There were flats that could be snapped up for peanuts and during the 4 years it took to clear the mortgage they trippled in price.
Having a dad who is a painter and decorator and a bit handy with the diy helped.

Look closely at all the options and make sure the money you are piling into the mf aim is being best placed.