Mortgage Free by April 2017

JimLad

Some intersting happenings this month on the side hustle front! Lets go!

Airbnb: £498 – A £120 increase on Februar, its going up and up!!. Would have been more if we didnt have a last minute cancellation from a fella that got turned away by customs! He was booked in for 9 nights. Luckily as he cancelled less than 48 hours before the reservation, we still got 50% of the fee. Money for nothing! Our regular cornish guest continutes to come every Tuesday we have free.

Adsense from Youtube: £56.80 - A good jump from last month. Mainly down to a random spike on Thursday the 17th of March where we randomly earned £22 in one day. Considering most days are between 1 and 2 pounds, thats a massive spike! Digging deeper into that it seems it was from adverts on my orange juicer review!

Amazon Affiliates from Youtube: £10.58 - Steady steady on this front. The highlight of purchases from this month was a “Tiffany Style Multi Colour Lighthouse lamp” which earned me a massive £3.36 comission. Besides that, from stuff i have actually reviewed on the tube of you, we sold 2 steam mops, 2 blenders, 2 mousemats, an external dvd writer and an in car smartphone holder.

Solar Panels: £55.81 – Getting sunnier! This also means that lots of excess energy is diverted to our hot water tank to heat it up. Free hot water! (You still get paid whether you export it to the grid or not.). Best day was March 13th where we earned £3.77.

Matched Betting: £58 – Two second leg matches of the champions league led to some nice offers from bet365. Just a few weeks to go on the football season so this income will dry up soon.

Thats a grand total of £679.19 earned outside of work in March. A £216 increase on last month! Woop woop!

:beer:

Luckyinlife

Amazing income Jim that would sort me out for a month haha good job

can you tell me more about the panels ? did they cost much to start with ? how did you go about getting them fitted any help from gov ?

JimLad

Luckyinlife wrote: »

Amazing income Jim that would sort me out for a month haha good job

can you tell me more about the panels ? did they cost much to start with ? how did you go about getting them fitted any help from gov ?

They cost us £5800 fully fitted and included the excess energy divertor to the hot water tank immersion heater. Prices are coming down all the time but the amount you get paid per kwh has dramatically reduced this year.

You signup for the payments from an energy company of your choosing (we use EDF) and I believe they then claim part of the cost off the gov. They pay you X amount per kwh produced and X amount extra per kwh exported (not used in your house). The amount you get paid is locked in and increases with inflation every year.

As they cannot actually measure the amount you export (meters only go one way) they deem that you export 50%. This means that its actually beneficial to you to use all the energy you can, hence the immersion divertor. There is a sensor on the cable coming into the house and when it senses electricity going OUT, it sends a siginal to a box connected to your immersion heater and it uses the excess electric to heat the hot water.

Between cheaper electricity bills, cheaper gas bills and the payments we make about £1000 per year, so around 6 years to break even.

If you have a south facing roof, 5-6k sitting around that you wont need in the next 6 years and you dont plan on moving house anytime soon, then IMO its a no brainer. Everything in guaranteed for 15+ years.

turtlemoose

thanks for the post on solar. Even though the price has dropped, I'm considering it (didn't have the money to do it before). I work for a maintenance company and we have a discount with an installer as part of our employee benefits. I think I'll get the free survey done and take it from there.

JimLad

Merry weekend everybody! Just updated the spreadsheet with our savings for the month.

Between us we have managed to save £3920 into our November overpayment fund.

This was massively boosted by both of us getting bonuses from work. :beer:

This takes our grand total currently to £38,320 and actually moves the expected best case mortgage freedom date to February 2017! :j

Hope you are all enjoying the lovely sunshine today, Until next time!

User1489

Thanks - it's nice to see someone with less than a year to go, helps us (me with 7 years to go) have something tangible to aspire to!

JimLad

rasputin_thorpedo wrote: »

Thanks - it's nice to see someone with less than a year to go, helps us (me with 7 years to go) have something tangible to aspire to!

Just need to keep plugging away!

Although we havent been doing this diary the whole time, we have been overpaying since we moved in 5 ish years ago and time flys!

JimLad

It’s a bank holiday bonanza!!

Airbnb: £464 – Similar to last month…Steady as she goes! Highlight of this momth was a very lovely French guy staying with us to visit his son who was studying at a local uni. You couldn’t get more stereotypical French if you tried! He spoke about as much English as I do French (aka next to nothing / C Grade GCSE). He gave us flowers and a bottle of wine to say thankyou though!.

Adsense from Youtube: £39.80 – Sadly no new videos in April so a little bit down. I do however have 3 in the works for May. One of them being a new smart TV so I have high hopes. Our old tv review is one of my best viewed videos.

Amazon Affiliates from Youtube: £12.46 – 591 clicks and a total of 9 items ordered. Highlights this month include the very best of aerosmith on CD and a rotary car buffer.

Solar Panels: £70.44 – Getting towards peak time of the year. Best day was April 20th where we earned £4.28. Must have been a lot less sunny this year though as the same month last year earned us £90.

Matched Betting: £64 – Two more bets on the champions league. Love it when the british teams get far in this competition as there are always such great deals!

Thats a grand total of £650.70 earned outside of work in April. A little bit down on last month but only a little! I predict May to be way down as we have 2 weeks where we cant do Airbnb due to travels / visitors. We shall see!!

:beer:

Luckyinlife

Really good work jim

Good luck this month with the extra income :]

Any new games for the pc yet ?

JimLad

Luckyinlife wrote: »

Really good work jim

Good luck this month with the extra income :]

Any new games for the pc yet ?

Nothing recently. I think im going to get overwatch at the end of may though. Currently im playing copious amounts of rocket league and battlefront