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Midlife Musings and Measurable Goals
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Happy New Year!
"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 McGee5 -
well done for surviving 2020!
Wishing you a great year in '21 and I know you will achieve your hopes for the year
I think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine8 -
Happy 2021Achieve 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 29/7/256 -
Thank you for your posts everyone
Thank you to all the posters who wished me happy Christmas and happy new year. I wish the same for you all. Happy new year also, to all the lurkers who pop up from time to time with words of wisdom.
The last few days have been restful and enjoyable. I’ve been talking to friends and reconnecting with family. This year has forced me to rethink how I connect with people. I now eagerly await my phone so I can deepen my connections. I also want to begin to take photographs.
I have clarity on my house search at last. I will be going for a small house with a garden as it is more in line with my dream of rescuing a dog. Roll on 2021!
I have been slowly losing weight throughout the year. My weight loss had stalled but this morning it was another half a kilo off. This year, without dieting (just being mindful) I lost 9.5 kilos. My initial goal was 20 kilos but I am more than happy with 9.5 kilos.
Health-wise, I worked hard at improving my joints and had successful osteopathy. I ended 2020 without joint pain and with increased mobility
My outstanding achievement has been to meet my 2020 goal of putting the house on the market. Whatever happens I will continue to be proud of that.
Going forward in 2021 I want to focus on work and start to make some money from my creativity. I failed on this in 2020 but most freelancers probably struggled in 2020.
Financially I want to focus on savings and learn to live within a budget. Considering my income I am pleased I did not get into debt and there were no major financial mishaps.
I don’t intend to set new goals for 2021 I will just continue working on the goals outlined in my original post
I ended 2020 feeling positive: thankful for my health, thankful for family and friends and thankful for surviving the pandemic. I feel ready for 2021.
If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them
Emergency fund 100/1000
Buffer fund 0/100
Debt Free (again) 25/07202513 -
Wishing you all the very best in 2021 I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.7 -
Thank you Beanie. All the best for 2021 to you toobeanielou said:Wishing you all the very best in 2021 If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them
Emergency fund 100/1000
Buffer fund 0/100
Debt Free (again) 25/0720258 -
I like the idea of you getting a house and garden and a gorgeous dog. They do come with so much love...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 29/7/258 -
The right home and furbaby makes a huge difference, you will do it 🤗Mortgage started 2020, aiming to clear 31/12/2029.8
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Good luck with your 2021 goals. The house, garden and dog 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 McGee8
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Happy New Year DIA and hope you find the right house soon.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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