Was Mortgage Free until 52!!!

A_Frayed_Knot

gallygirl wrote: »

It's always worth everyone reminding themselves of this, isn't it? In the past I've seen people planning to pay off the mortgage and then, maybe 10 years later, worry about pensions. Recently posters seem to have longer term plans which is great - who wants to work to be 70 before retiring ? It's so important to have a plan 'in the round' even if you are prioritising the mortgage first.

Exactly, my plans were well thought out before taking on a mortgage till I am 70 :eek: even if I say so myself


Then came across this site - which has helped enormously - bringing my target much closer than I could have hoped for:j

tattycath

A_Frayed_Knot wrote: »

Exactly, my plans were well thought out before taking on a mortgage till I am 70 :eek: even if I say so myself


Then came across this site - which has helped enormously - bringing my target much closer than I could have hoped for:j

That's brilliant :j
I still need to sort mine. I have several bit pensions but nowhere near enough to live on.

shangaijimmy

The better educated I get about the mortgage (mainly from this site) the more knowledgable I get about retirement funds etc...

Moneycoach

gallygirl wrote: »

It's always worth everyone reminding themselves of this, isn't it? In the past I've seen people planning to pay off the mortgage and then, maybe 10 years later, worry about pensions. Recently posters seem to have longer term plans which is great - who wants to work to be 70 before retiring ? It's so important to have a plan 'in the round' even if you are prioritising the mortgage first.

Exactly.
Keep one eye on today and one eye on tomorrow.


Plus, delaying saving for retirement means you miss out on vital years of compound interest, 10 years is a long time.


However, it is encouraging to read that people are thinking about both of these more.

EatingTheElephant

I'm certainly thinking about retirement more now thanks to everyone on here. Definitely need to improve the long term plan this year.

A_Frayed_Knot

gallygirl wrote: »

It's always worth everyone reminding themselves of this, isn't it? In the past I've seen people planning to pay off the mortgage and then, maybe 10 years later, worry about pensions. Recently posters seem to have longer term plans which is great - who wants to work to be 70 before retiring ? It's so important to have a plan 'in the round' even if you are prioritising the mortgage first.

Even though took mortgage out to finish when I was 70 :eek: there was no way it was going to finish then Just gave myself a 2 yr fix (to renovate) then took eye off the ball for 1 year plus tut tut :doh: , then got back on the right track and have been steaming ahead, since

Moneycoach wrote: »

Exactly.
Keep one eye on today and one eye on tomorrow.

Plus, delaying saving for retirement means you miss out on vital years of compound interest, 10 years is a long time.

However, it is encouraging to read that people are thinking about both of these more.

My late dad retired when he was 50 :eek: (I've missed that boat) which was part of his plan, the unfortunate part of that was he only had 19 years retirement. Life is just too short

So the benefits of investing and a good pension scheme are extremely important, along with early retirement plans, as I said - Life is just too short - to be working a day more than you have to.

bexster1975

Hi AFK

Sorry about your dad. I would say though that today, with a state retirement age of 68 he would have had 12 months retirement had he not enabled himself to retire early. That's quite a sobering thought.

Have a good weekend

Bexster

A_Frayed_Knot

Yes Bexster

That's why its important not to work a day more than you have to.

I also have to say though, that although being MF and early retirement is important, you have to live along the journey, which is why although I want to be MF asap, I don't take it too seriously. I still have my luxuries, and if I really need and want something, I won't stop go and getting it.

My favourite word is Balance (of every kind including bank ... :rotfl:)


How many sleeps now?

bexster1975

Only 15 sleeps AFK!

In honour of your comments, I have just spent a fairly sizeable sum on treats for myself this morning! Just because I can and I have a lovely weekend to enjoy them. Not a NSD for me today. Shall we declare where we are at the end of the month?

Bexster

gallygirl

A_Frayed_Knot wrote: »

I also have to say though, that although being MF and early retirement is important, you have to live along the journey, which is why although I want to be MF asap, I don't take it too seriously. I still have my luxuries, and if I really need and want something, I won't stop go and getting it.

Don't you find you actually want less anyway? Then when you do have a luxury you enjoy it much more than if it was yet another 'thing' mindlessly bought on the weekly trip to clothes shops etc :T.