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£70k - 2 years and counting - NOW PAID 08/04/22!!!!!

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Comments

  • savingholmes
    savingholmes Posts: 29,114 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Just caught up to find your MFW journey almost done. Congratulations on putting yourselves in that position.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.3K Equity 36.55%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
    (If took bigger lump sum = 62K or 48.6%)
    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 £5.1K updated 14/11/25
  • MrsLovely
    MrsLovely Posts: 104 Forumite
    Fourth Anniversary 100 Posts Mortgage-free Glee! Name Dropper
    savingholmes said:
    Just caught up to find your MFW journey almost done. Congratulations on putting yourselves in that position.
    Thanks saving Holmes. Almost there!
    Dec 2010=£160k.
    Mortgage free date 9th Apr 22 😎
    E fund - £10,005/£20,000
  • L9XSS
    L9XSS Posts: 438 Forumite
    Third Anniversary 100 Posts Mortgage-free Glee! Name Dropper
    MrsLovely said:
    savingholmes said:
    Just caught up to find your MFW journey almost done. Congratulations on putting yourselves in that position.
    Thanks saving Holmes. Almost there!
    Very very close now! Best of luck with 2022 and again well done for what your (very near) to achieving! Please let us know when the day arrives,
  • AgathaSquirrel
    AgathaSquirrel Posts: 303 Forumite
    Fourth Anniversary 100 Posts Photogenic Name Dropper
    So exciting. Well done!
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 mortgage of £103000
    July 2021 mortgage of £97000
    November 2021 mortgage of £93000
    December 2022 mortgage of £79000
    December 2023 mortgage of £73000
    March 2024 mortgage of £70000
    May 2024 mortgage of £68000
    October 2024 mortgage of £65000
    February 2025 mortgage of £63000
    March 2025 mortgage of £45000 and interest of £6.07 per day
    November 2025 mortgage of £41000 and interest of £5.62 per day
  • MrsLovely
    MrsLovely Posts: 104 Forumite
    Fourth Anniversary 100 Posts Mortgage-free Glee! Name Dropper
    L9XSS said:
    MrsLovely said:
    savingholmes said:
    Just caught up to find your MFW journey almost done. Congratulations on putting yourselves in that position.
    Thanks saving Holmes. Almost there!
    Very very close now! Best of luck with 2022 and again well done for what your (very near) to achieving! Please let us know when the day arrives,
    Will certainly let you all know and will be shouting from the rooftops, albeit on here of course!! 
    Dec 2010=£160k.
    Mortgage free date 9th Apr 22 😎
    E fund - £10,005/£20,000
  • caeler
    caeler Posts: 2,638 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    Only one more payment to go! 
  • jennystarpepper
    jennystarpepper Posts: 824 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    How 'lovely'  - congratulations, really pleased for you.

    Glad you are getting away from a toxic work place, working with an awful set of people set me on the path of being a MFW.


    MFW - 01.10.21 £63761   01.10.22 £50962   01.10.23 £39979   01.10.24 £27815. 01.01.25. £17538
    01.03.25 £14794.    01.04.25 £12888
    01.05.25. £11805. 12.05.25  £9997   05.06.25  £8898. 
     01.07.25. £7975  01.08.25 £6968 01.09.25 £5956. 01.10.25 £4979

  • MrsLovely
    MrsLovely Posts: 104 Forumite
    Fourth Anniversary 100 Posts Mortgage-free Glee! Name Dropper
    jennystarpepper said:
    How 'lovely'  - congratulations, really pleased for you.

    Glad you are getting away from a toxic work place, working with an awful set of people set me on the path of being a MFW.


    Hi jennystarpepper (great name!), I've been so lucky until now to work for great people.  Sorry you had a toxic workplace, but as you say.....as a result, you'll be mortgage free! X
    Dec 2010=£160k.
    Mortgage free date 9th Apr 22 😎
    E fund - £10,005/£20,000
  • Mrs_Money_Penny
    Mrs_Money_Penny Posts: 1,333 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Congratulations xx
    2025 Decluttering 15113⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️
    2024 Decluttering 11728⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️
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