I want to be debt free before I am 40

inigma

After 29 years, 10 months and 3 weeks I have just brought a 2 bed flat, I moved my stuff today from my rented accommodation (My entire worldly possessions fit into a VW Golf).

I want to be mortgage free before I am 40.

Get ready for the diary.

wymondham

it's possible... will be watching your adventure!

Lixi_2

Me too Ini - 40 is my magic number (37 is my ideal target - i.e. 5 years), but I hpe that kids will get in the way and stop my overpayments. Will wait and see!

Good luck with your challenge. :-)

ManPants

inigma wrote: »

I want to be mortgage free before I am 40.

I am 41 in 7 months and it looks like we will achieve mortgage freedom within my 40th year!! Yeah!! (took 6 years in total following on from £46,000 deposit). The Which magazine overpayment calculator plus the thread on MSE are wonderful motivators!

Then we will get another 25 year mortgage for an apartment on the Kent coast where we will retire to eventually. Looking for a small one or two bedroom flat for £120k + which we can rent out for a couple of years to help clear that mortgage as well.

Good luck on mortgage freedom everyone!

Stupotstu