Gallygirl's "A journey of 121,226.67 pounds begins with a single penny" diary

skint_spice

S0d that - I'm watching Alan Titchmarsh and having a wee glass of wine that's how rock and roll I am:D

earthgirl

Amazing progress as always, your diary always has me giggling! Thanks x

gallygirl

I need a new kettle .

Love THIS one :T.

Will probably get THIS one or similar. On the basis the first one would probably leave a funny taste in my mouth every time I used it :rotfl:.

tjp70

£79.99 for a kettle :eek:

Fortune_Smiles

But does it have an internal light :rotfl::rotfl::rotfl:


Fortune x

gallygirl

Fortune_Smiles wrote: »

But does it have an internal light :rotfl::rotfl::rotfl:


Fortune x

:rotfl: No, so bought a £25 one that does :T

gallygirl

Quiet 15 minutes before friends arrive so done some [STRIKE]scheming[/STRIKE] planning. Just stolen my post reserved for 2015 objectives for the above post as wanted some clarity.

gallygirl wrote: »

10 Retirement Steps:

1. Sell BTL 1.
2. Buy new BTL (1a) around 20k cheaper and easier to maintain.
3. Pay difference between 1 and 1a off the mortgage of BTL 2 to clear altogether, will leave savings untouched. (Much cogitation needed as would lose the tax relief. However, as the mortgage balance is around 20k and mortgage rate is 2.5% we'd only be gaining around £220 tax relief anyway. Is it worth losing that for the psychological boost of paying mortgage off? Or should we pay off own mortgage, but that's only 1.5%. We can get more than that in savings. Better to not pay off either and keep savings. But I want to pay off the mortgage. Repeat. And repeat. And repeat. Then pay the mortgage on BTL 2 off
4. Recarpet upstairs in our house. They were decent but already down when we moved in so are now around 17 years old, thin and stretching (which I guess means the underlay has disintegrated). We'd need to recarpet before we could let so I'd like to have a period of nice carpets in the meantime. (Oops, did I forget to mention that Mr GG )
5. Possibly pay large lump sum off own house. That would only leave around 12k on part 1 of that mortgage :T. Obviously we would need to repeat argument at no.3 a good few times first.
6. Clear (or fully offset, see 3 above ) the remaining 12k.
7. Increase rent on BTL 3. Loathe to do as she's an excellent tenant and has done a lot of improvements, but need to do it.
8. Clear (or fully offset, see 3 above ) remaining mortgage on our house. By the time I get to step 8 it will be around 50k and I want it gone in 16 months from now :eek:
8. Get decent market rent for BTL 4, i.e. the house Mr GG's brother is in.
9. Empty own house and rent out, henceforth it will be known as BTL 5
10. Naff off to Spain :T

1 & 2 hopefully happening and the house we are hoping to buy has a tenant paying £50 more than we had on last property . No. 8 is out of our hands but really needs to happen before 9 and 10 can take place. Will be concentrating on getting all our other ducks in a row for now

ljaneyr

Tilly_MFW_in_6_YRS wrote: »

Is there a 'dummie' guide to that?

If anyone finds a copy, I desperately need one! :rotfl:


Wow GG, what a list! It is our aim to be in that position one day - naff off to France instead though

Alchemilla

Naff off to Spain sounds goooood.

edinburgher

Alchemilla wrote: »

Naff off to Spain sounds goooood.

Indeed.

I only worry she'll end up with accidental fincas