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FIRE Through The Mortgage - MF by 55 - LATEST

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  • maia_evo
    maia_evo Posts: 79 Forumite
    Third Anniversary
    Newbie to your diary here and maybe I'll start my own having been a lurker for a month or so...

    With regards to your LTD company, please please please don't do what I did and disregarded how much is needed to pay tax!
    Take care of the here and now and the future will be taken care of.
  • Firegirl
    Firegirl Posts: 1,007 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    Thanks for the tip! I'll keep an eye on that! The accountant is sending me a yearly projection statement based on what I think I will be paying myself, taking dividends and expenses.

    Start a diary, it's good fun and even when you fall off the wagon you can be chuffed when you get back on. 12 items listed on eBay horray!!!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position (Jan 2024) : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
  • Firegirl
    Firegirl Posts: 1,007 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    2 bids on my eBay items!!! Horray!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position (Jan 2024) : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
  • A_Frayed_Knot
    A_Frayed_Knot Posts: 3,308 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    Firegirl wrote: »
    2 bids on my eBay items!!! Horray!

    Fantastic :j

    I hope you make either £11 or £61, can you guess what for ? ? ? :D
    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
  • Kittenkirst
    Kittenkirst Posts: 2,468 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Love it AFK! Fingers crossed for a nice £61!
    First home- Oct’16 until June’21: £170.995- Overpayments made £13,784 (25% extra!).
    New forever home- Sep’21 £309,449 @ 2.05%. Plan to clear it before 30 years!!!!!!
  • Firegirl
    Firegirl Posts: 1,007 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    If I don't make £61 I'll top it up to £61 just for you!!!!:beer:
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position (Jan 2024) : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
  • Firegirl
    Firegirl Posts: 1,007 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    Total of £17 eBay bids so far! Listings are on until Saturday so watch this space.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position (Jan 2024) : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
  • A_Frayed_Knot
    A_Frayed_Knot Posts: 3,308 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    Kittenkirst wrote: »
    Love it AFK! Fingers crossed for a nice £61!
    Ah, so you know where I'm coming from then :)
    Firegirl wrote: »
    If I don't make £61 I'll top it up to £61 just for you!!!!:beer:
    :rotfl: :D :beer:
    Firegirl wrote: »
    Total of £17 eBay bids so far! Listings are on until Saturday so watch this space.
    I'm watching . . . . . :D Good Luck
    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
  • Firegirl
    Firegirl Posts: 1,007 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    My goodness- just got a yearly statement projection from my accountant. The contract I have is only for 6 months but Jesus if I can get a contract extension and stop myself going shopping my mortgage free journey will be seriously fast tracked! How am I gonna keep my feet on the ground! So this is how I'm gonna keep my feet on the ground.

    - keep ebaying
    - keep shopping for asda bargains
    -keep doing weekly meal planner even when busy
    - still plan a head for Xmas and shop for bargains
    - not tell hubby take home pay encase he gets ideas for a new car
    - spend not a penny over my norm until I see if I get a contract extension.

    Jobs I need to do:
    Sort out pension and see if I'm better putting some of the business profit into a pension plan rather than mortgage. Or look at but to let.
    Work out how much I need to save to last til kids are in high school and aim for that.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position (Jan 2024) : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
  • Firegirl
    Firegirl Posts: 1,007 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    eBay bids total £15 so far!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position (Jan 2024) : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
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