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2020 - 'Nothing in your life will change until you make the decision to change'

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  • savingholmes
    savingholmes Posts: 29,049 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Love all the books mentioned
    Good luck with iPad
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.8K Net savings after CCs 13/9/25
    3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
    (If took bigger lump sum = 54.5K or 42.7%)
    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 £4.8K updated 13/9/25
  • jwil
    jwil Posts: 22,243 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks @jwil, that’s really helpful. I shall have a look and a think! 
    beanielou said:
    Thanks @jwil, that’s really helpful. I shall have a look and a think! 
    Ditto from me.
    I just figure interest rates are so low now, I might as well be in with a (tiny) chance of winning something!  It's also easy access to withdraw, but not so easy that it's instant so I'm less likely to dip into it.

    Love all the books mentioned
    Good luck with iPad

    Thank you :)  I love talking about books and hearing what others are reading.

    "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 McGee
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