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The impossible dream
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Every so often - more as I get older - I like to look back to see where I have come from and to re-align where I want to be. Interestingly, my focus has not changed. I still want to be mortgage free. What I haven't achieved was success in the time frame I set myself. I note I had just recently become 48yrs old when I began my journey. Here I am at 55 and still walking the long walk. But I think I would like to make this happen by my 58th birthday. Which would mean I would be doing this for 10 year if successful.
A lot has happened so far and in another 3 years, a lot more can happen. But I can look back and count my blessings at all the things I have achieved. What I have gained along the way. Yes, I will be 10 years older, but I am richer in ways that cannot be measured. I have paid back and borrowed at least three times along the way, and I am still within spitting distance of the finish line. If I manage this in the next 3 years, then it will have been a great rollercoaster ride.
Right. 3 years to go! August 2023, here I come!What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park4 -
Glad your cleaner came. Woohoo. No shame needed. Giving someone work in these troubled times is to be celebrated.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/252 -
Thanks for that Savings. We have to remember that we are giving people work if they want it, and that is so important nowadays.
Managed to pay another £13 into my laptop loan today from Prolific. Only £30 to go. One Poll a bit slow, at £8.00 of £25. I think Yougov may come up with my £50 before I get to the £25 from One Poll. Either way, I have high hopes of this being the month. If not, definitely next month.
Just got a reminder through to buy pet insurance. Something that was not actively budgeted for. So many things jump up to bite you at this time of year. Anyway, I will have a shop around.What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park1 -
Well done on the payments. You are getting closer to freedom - always good.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/252 -
Right. Another money shuffle has been taking place this weekend.
I have just paid my visa card off and will be 0.37p in credit. I am assuming that because it was paid before the payment date, there will be no charge next month? Oh well, I will find out soon enough, but as of right now, I believe I have no visa debt.
I just filled the car with diesel, so I should be ok for a week or so.
I have money in the account to pay the cat insurance when it is due next month, which is good.
I have money in the account to pay the cleaner - she is coming fortnightly.
I have money in the account for the electrical survey as required under this new legislation.
I have money to make another payment into the holiday account next month.
I have money to meet my car loan.
I have money to make a small overpayment on the mortgage this month.
I have been shopping and hopefully shouldn't need to buy anything until at least Saturday.
I actually used cash and have saved a £2 and 3 x 50p coins.
I only have to make another £30 on my surveys to pay off the laptop interest free loan.
Still a long way to go on the mortgage.
Still a long way to go on the car loan.
But I think I am doing ok.
What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park4 -
Very OK I'd say 😀 There's a lot of people who wouldn't be able to say the above with the same confidence. Well done xMortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!2 -
Thank you South_coast. This is not easy, but I feel I am in a good place for a short period. I am not one of the lucky ones and things tend to go pear shaped for me quite quickly. But, I hope that with my Top Cashback, Nectar Points and Shop & Scan, I should have a reasonable Christmas and again, not need to dip into credit. All I have to really concern myself with is looking to find work in the New Year. And I will worry about that in the New Year. I want to get to January with no other debt, with the mortgage reducing at a reasonable speed and the car payments being made with little bits extra thrown in for good luck. I can only hope.What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park4 -
It's really does sound like you are in a good place hope that feeling lasts. Glad you got a cleaner should make a big difference use that energy one something else you really enjoy. Good luck with the job hunting I know what it's like. New Year should be an ok time to look if we're still in the same sector a lot of funding will come to an end in March so best to get in before then. Well that's what I'm hoping for. Take care.
Save £12k in 25 No 49
PB Win 21 £225, 22 £275, 23 £900, 24 £750 Balance Dec 25 £32.7K
Plan to move to Denmark for FIRE by Autumn 2025 “May your decisions reflect your hopes not your fears”
New diary aiming for fire https://forums.moneysavingexpert.com/discussion/6414795/mortgage-free-now-aiming-for-fire#latest3 -
Cheers TG. If I spot anything I think is in your field, I will let you know.What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park2 -
Yes! Just checked my credit card and I am now officially .37p in credit! Oh happy day!What I do not give, you must never take by force.
Mortgage outstanding - 30/12/22 - £25,900. 31/01/23 - £22,300. 28/02/23 - £20,500. 31/03/23 - £17,500. 30/04/23 - £15,800. 30/05/23 - £13,800. 31/06/23 - £11,300. 31/07/23 - £9,800. 31/08/23 - £8,300. 30/09/23 - £6,000. 31/10/23 - £3,000. 30/11/23 - £1,200. 06/12/23 - £00.00
God save us everyone, As we burn inside the fire of a thousand suns, For the sins of our hands, The sins of our tongues, The sins of our fathers, The sins of our young. Linkin Park3
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