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Prosperous soul in the making
Comments
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Thanks HSL and Mark. On track for a May / June finish. Still excited this morning. Just have to avoid tripping up between now and the finish line.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/254 -
well done, its so exciting, almost at the finish line x4
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That's absolutely phenomenal SH! I expect you to be dancing all round the house seeing the difference in just a few months.Mortgage started 2020, aiming to clear 31/12/2029.4
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Blimey, over 50% this year!
That's some going.If it's not adding up, compound it!4 -
Thanks @Four_Seasons @Grogged @MovingForwards
We've been paying off around 55-60% of net income so challenging but doable as our interest only mortgage payment is so low...
In other news my belated Mother's Day present arrived from my son today - a personalised Journal with my initials and the words 'Beautiful Chaos' on the front. It's very pretty. He gets me...
Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/254 -
So pleased for you to be making such great progress on the debts. That journal sounds gorgeous - enjoy!4
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Congratulations on the payments! What huge progress you've made.
Journal sounds lovely
"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee3 -
You're doing amazingly well and the journal sounds like a lovely & thoughtful gift.4
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The journal sounds lovely and inspirational.My mortgage free diary: +++ Divide by Cucumber Error. Please reinstall universe and reboot+++
GNU Mr Redo4 -
Thanks Blackcats, Jwil, WelshKitty and Redofromstart
Had an okay day today. Just caught up on Rich H Poor H. It's amazing to hear stories where in like 6 years people have turned their lives around. I think my next focus has to be my weight which has been up and down in lockdown. The last couple of weeks I've lost 4lbs having hit my worst ever weight - but what I need is sustained weight loss. Still working out how to change that aspect of my life. Getting control of £ gives me hope I can do the same with food.
Have a good weekend all.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/255
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