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FIRE Through The Mortgage - MF by 55 - LATEST

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  • We all have a blip at sometime, strange though that most of us are all having blips at the same time.

    Must be something to do with the weather, or are all just fed-up at the same time,
    and with school holidays etc throws everyone out of sequence.

    We all usually realise we have "blipped" and make up for it the following couple of months :)
    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
  • shangaijimmy
    shangaijimmy Posts: 3,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    We can all recognise that a MFW journey is in the most cases a marathon. With changes in speed, tempo, intensity and hitting the wall! Thats how I'm viewing mine, slow and steady and just approaching the 10mile marker...
    MFW: Was: £136,000.......Now: £47,736.58......
  • Firegirl
    Firegirl Posts: 1,007 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    Thanks for the encouraging comments!!!!

    I’ve managed to change to a perm position but still with a good income. Look forward to a more steady monthly income and being able to plan around that!

    Exciting times!!
    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
  • Good start to the NY - and exciting times ahead - get planning :) targets are always a great challenge to me, but never set them too high - that's when they become a chore.
    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
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Congrats on the new perm position. How are you getting on?
    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 29/7/25
  • Firegirl
    Firegirl Posts: 1,007 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    I haven’t started it yet but really not much will change from my current contract role, until we get this project over the line!  So close so close!

    Now I have to work out why my accountant is charging me a full year of fees to close down my company.  I know they have to do a tax return but I think it’s a bit much asking for a full year of fees to do this.
    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
    Not been on here for ages! Hope your all keeping well.  So the job I had secured was pulled due to the current situation.  I was soooooo sooooooo disappointed and took me a few day’s to pick myself up, but now I’m focusing on the kids and once school finishes I have some courses I want to do to upskill.  I’m sure it will work out in the end.
    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
    So no joy on the job front but now 25% of the way through a web design course! I’m really enjoying it but it is hard for sure!
    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
    A glimmer of hope. The job that I was meant to start in May, that was pulled because of COVID-19, is on the cards again. Needs to go through all the approvals again and trying not to get my hopes up.  I’ll just take it as it comes but I really do have my hopes up if I’m honest!
    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
    That's great news, hope everything works out for you, sounds like your keen to get started.

    On the covid issue - I was 2 days off pension payout date when lockdown was announced.  After many, many calls and weeks and weeks later payout came - but couldn't spend it on anything !!!  Spoiled the fun somewhat.

    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
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