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Hope is not an Effective Financial Strategy

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Comments

  • savingholmes
    savingholmes Posts: 28,912 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on all that you've achieved despite family and pet illness. Happy New Year!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £175.8K Equity 32.38%
    2) £4.3K Net savings after CCs 13/5/25
    3) Mortgage neutral by 06/30 (AVC £20.6K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 26.3/£127.5K target 20.63% updated 16/5
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.4K updated 16/5
  • Cheery_Daff
    Cheery_Daff Posts: 17,060 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Ah yes, good point - we have a temporary dog at the minute and I feel like I've walked miles already today - should have put the pedometer on!
  • CathT
    CathT Posts: 7,132 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    That's a great steps count!

    With regards to inflation I'm starting to think we will need to be mortgage free just to be able to pay the council tax and energy bills! 
    June 2025 - part 1 - £19,145 part 2 - £21,973 Total - £41,118 29 months to go!
  • Well done SJ - I'm going to take a leaf out of your book next year and do my steps!

    Fortune x

    Mortgage: 100% paid Emergency Fund: 100%
    A Better View 🌄 'Being on the edge isn't as safe, but the view is better' - Ricky Gervais
  • savingholmes
    savingholmes Posts: 28,912 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on those steps - that's phenomenal!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £175.8K Equity 32.38%
    2) £4.3K Net savings after CCs 13/5/25
    3) Mortgage neutral by 06/30 (AVC £20.6K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 26.3/£127.5K target 20.63% updated 16/5
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.4K updated 16/5
  • Jessy103
    Jessy103 Posts: 2,204 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Very in awe of your steps and dedication, SJ! I've become a bit lazy with mine and was very tempted to attach my fitbit to one of the dogs collars so they could do the work for me 😂
    Mortgage Balance as of Jan 25 £23,500
    Starting Mortgage Balance (June 2019) £72,000.
    Aiming to be mortgage free by my 40th birthday, June 2026!
  • Well done on your steps. I do feel like I’ve achieved when I get my 10k in daily but haven’t always achieved it. 
    DFW (08/08) £64,346.53 Gone (02/19)
    MFW (08/08) £118k Gone (09/23)
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