We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Gallygirl's "A journey of 121,226.67 pounds begins with a single penny" diary
Options
Comments
-
GG, you are truly inspiring. To look back and see what you have achieved! You must be over the moon. I one day wish to emulate your success, but alas, I am risk averse, so will probably retire at 67 years with a modest pension. I will be happy with this, but aspire to greater things, which I try to reach with baby steps.
One day..
6 more sleep to the grand vacance. Wonderful.Still striving to be mortgage free before I get to a point I can't enjoy it.
Owed at the end of -
02/19 - £78,400. 04/19 - £85,000. 05/19 - £83,300. 06/19 - £78,900.
07/19 - £77,500. 08/19 - £76,000.0 -
Done :T.
Threepennygate update - shop has closed
. Not good for the staff I know but made me smile 
.
End of an era GG. I think this was one of my personal highlights in your diary ... such memories :dance:February13 - £74990 (or thereabouts)
MND - Let's go for 2020 'cos it's got a nice ring to it:D
C'mon nattypants:cool:0 -
I'm hoping to invest in BTLs for retirement as well, GG. Since I'm so late into the pension game this seems like a good option (and house shopping + decent returns on my money sounds like too much fun to miss out on).
Expect me to be knocking on your door for advice when I can finally get this part of the plan started (have been crunching numbers over the past few days, I might be able to start saving up for a BTL deposit sooner than I think, OoooOOoooh!)
I'd love a passive income spreadsheet :smileyhea I've got a few other plans up my sleeves for creating passive income (that are rather more afforadable in the first instance than a BTL
), maybe I can ratchet those up over the next little while and get the pennies trickling in :think:
Loved the cashflow game, it's very illuminating of the various issues that can keep you stuck in the rat race, which you may not be so clearly aware of in real life. Food for thought and all that. I got out of there eventually, though my little madam bought a boat as well, I could have kicked her! I was an airline pilot the second time, flew off to my dream of a cabin in the woods in no time! :rotfl:a penny picker upper. MFW approx 78% to go | FIRE 3 years worth (30% savings rate: now aiming for 40%!) | Normality is a paved road; it's comfortable to walk, but no flowers grow on it | Whatever you're meant to do, do it now. The conditions are always impossible | The only thing you absolutely have to know, is the location of the library0 -
What is it with them and their flipping boats :eek:. Interesting how much longer it took when you started off as a janitor (hardly surprising :rotfl:) and mine were a very fertile bunch as wellPearla*Merle wrote: »Loved the cashflow game, it's very illuminating of the various issues that can keep you stuck in the rat race, which you may not be so clearly aware of in real life. Food for thought and all that. I got out of there eventually, though my little madam bought a boat as well, I could have kicked her! I was an airline pilot the second time, flew off to my dream of a cabin in the woods in no time! :rotfl:. Funny how I was quite risk averse really, unless I'd coined it in I wouldn't look at the big deals.
PS house shopping is great fun. Just don't impulse buy. Though the accidental house has turned out to be a v good buy :T. A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
Mortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0 -
Meant to be then No impulse buying here, places we were looking at last year had to have rental potential so I've had all the basics drilled in to me, alas. :rotfl:
I was the same at ignoring the big deals, it's comforting to know I can think sensibly at times a penny picker upper. MFW approx 78% to go | FIRE 3 years worth (30% savings rate: now aiming for 40%!) | Normality is a paved road; it's comfortable to walk, but no flowers grow on it | Whatever you're meant to do, do it now. The conditions are always impossible | The only thing you absolutely have to know, is the location of the library0 -
What is it with them and their flipping boats :eek:. Interesting how much longer it took when you started off as a janitor (hardly surprising :rotfl:) and mine were a very fertile bunch as well. Funny how I was quite risk averse really, unless I'd coined it in I wouldn't look at the big deals.Pearla*Merle wrote: »Meant to be then No impulse buying here, places we were looking at last year had to have rental potential so I've had all the basics drilled in to me, alas. :rotfl:
I was the same at ignoring the big deals, it's comforting to know I can think sensibly at times
After I'd played it a couple of times, I tried playing with just the small deals, and never trying the big deals at all. I made stacks of money on shares - mainly by buying 1000 at a time whenever they crashed to $1 each - but I never got to build up my passive income. I did have quite a few BTLs on the go, but then there was some annoying card about interest rates going up so that I had to surrender all my rental properties to the bank. It was particularly annoying because by that stage I'd made hundreds of thousands of dollars of cash, and could quite easily have paid off all the mortgages on all the BTLs if it had let me, but that's not an option. So I started trying to build up again, and then the game crashed.
Lesson learnt - to escape the rat race, you need to move on to the big deals once you can reasonably afford them. (Oh, and the other lesson learnt is never to lend to family because they never ever pay it back! ) Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.0 -
gally...your achievements are truly inspirational. You have motivated me to stop OPing my mortgage (going on to a fixed deal imminently that limits what I can OP anyway) and using the money I would have OPed to save up for a BTL deposit.Mortgage (original/ current):193,000 (23/09/11)/ £102,500 (07/11/2019)
2019 Challenges: Make £300 a month: £9.71/£300 (January)0 -
2 more sleeps to go...Still striving to be mortgage free before I get to a point I can't enjoy it.
Owed at the end of -
02/19 - £78,400. 04/19 - £85,000. 05/19 - £83,300. 06/19 - £78,900.
07/19 - £77,500. 08/19 - £76,000.0 -
-
Maths was never my strong point..
Still, 3 more and then you are off. Are you getting excited yet?Still striving to be mortgage free before I get to a point I can't enjoy it.
Owed at the end of -
02/19 - £78,400. 04/19 - £85,000. 05/19 - £83,300. 06/19 - £78,900.
07/19 - £77,500. 08/19 - £76,000.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards