FIRE Through The Mortgage - MF by 55 - LATEST

Firegirl

Hi Everyone,

I've started a brand new diary!!!! I have decided I want to recalc my figures in line with retiring by 55.

I'll keep you in suspense for now but I'll pop back later with some figures.

19 Years - MF at 55
May Year - Remaining debt
May 2015 - £239,992
May 2016 - £228,450
May 2017 - £216,793
May 2018 - £205,020
May 2019 - £193,132
May 2020 - £181,125
May 2021 - £169,000
May 2022 - £156, 754
May 2023 - £144,388
May 2024 - £131,898
May 2025 - £119,286
May 2026 - £106,548
May 2027 - £93,684
May 2028 - £80,693
May 2029 - £67,574
May 2030 - £54,324
May 2031 - £40,943
May 2032 - £27,430
May 2033 - £13,783
May 2034 - £0:j

Firegirl

14 Years - MF at 50
May Year - Remaining debt
May 2015 - £239,992
May 2016 - £223,962
May 2017 - £207, 700
May 2018 - £191, 314
May 2019 - £174,766
May 2020 - £158,054
May 2021 - £ 141,176
May 2022 - £124, 132
May 2023 - £106,918
May 2024 - £89,535
May 2025 - £71, 979
May 2026 - £54,249
May 2027 - £36, 344
May 2028 - £18,261
May 2029 - £0 :j

Firegirl

Thats my figures and signature updated - the journey begins!!!! 19 year plan most realistic but may aswell aim high!

Luckyinlife

Fantastic Target :]

Retiring at 55 would be amazing what would you do for an income once you stopped working ?

Firegirl

Well I might not actually retire at 55 but def want to be mortgage free. Another plan in the back of my mind is to buy to let. I want to get my mortgage down significantly before doing that so its a while off!

Firegirl

Just checked ebay and I have a bid for a £40 item!!! Very chuffed with that because I listed it about 10 times!!! yeeee haaaa:beer:

Luckyinlife

Ya the buy to let idea is a good one but so expensive to get into to start with

good work on the ebay stuff i sold £20 worth of stuff yesterday wooo :]

Firegirl

It's something I've thought about for a very long time but I need to get this hefty mortgage down a bit first!

Firegirl

I've just been having a look at another forum about making extra income. I tried swag bucks before but that was too much effort! I didn't like giving away all my data either. I'm a Test Analyst so there's gotta be something.

I'll look into elance but not sure about it or others like it. I could rattle up a nice spreadsheet pretty quick for a few quid!

Firegirl

It's actually killing me not to go for coffee before collecting the kids but it will save me £20 a month if I skip this regular trip!

Firegirl

Yay - £40 eBay sale successful! And I think I'm going to start moving even the small amounts I save from things like resisting a coffee and start moving it to my mortgage too. I know it won't make a difference overnight but it'll add up over the years I'm sure.