Time to Face The Music

RelievedSheff

alt80 said:

@RelievedSheff Having had a bit of a !!!!!! situation myself not with adverse but having to remo my btls to a !!!!!! stupid level just to live on the personal side I get the whole not wanting to get into the old situation again.

I look back and think what a !!!!!! !!!!!! I was, there was no need for it and I’d be in a whole different position now had I not been a !!!!!! for the majority of my 30s. Def don’t want to spend my 40s a cokehead with ridiculous spending habits can tell you that much however is what it is just need to move on. Like you with the adverse. Tbh you’re an inspiration for moving on not just going !!!!!! crazy because you’ve !!!!!! up in the past.

Where you and I differ I 100% don’t get the mortgage free thing - cheapest finance you’ll ever get. Looking forward to doubling my res mortgage and on the BTL side I’d take a new one everyday if the right place and I could, I’m not even joking best way to level up.

The mortgage rate may be cheap but it is also for the largest amount we will ever borrow. The sooner it is gone and paid for the better and it will free up loads of spare cash, which in turn will mean we have to borrow less for other things like cars, etc.

joedenise

I think your attitude to finance now is right; there is no need to be continuing to borrow.  Why finance a car when you could get one for cash when the time comes.  We bought ours outright at about a year old with only 1100 miles on it; with our previous car as trade in plus cash.  I'm so glad we went down that route.  As were both around 70 now we're hoping that this car will do us but if we do need to get another at least we'll be able to finance it ourselves again.

We do still use credit cards but get paid off every month in full.  Don't ever want to be in debt again.  I'm sure you'll get to exactly the same position once the mortgage is gone.

alt80

@RelievedSheff could be just my attitude that’s skewed mate idk. I can sort of see where you are coming from if you are happy long term with the property you have and aren’t interested in levelling up, I don’t get why you wouldn’t want more but what I get or don’t get isn’t your problem really haha. I know people like you who are happy with what they have and don’t want to level up they always seem really content generally. 

@enthusiasticsaver whilst I don’t get why the !!!!!! anyone would want to not work ever again, I’m with you re ones like your sister and brother. I come across those types every once in a while, used to employ one and fml he was hard work constantly moaning about the job encroaching on his life etc but was desperate for the money to pay for holidays abroad (not talking cheap getaways either ha) to get away from his job. !!!!!! hilarious. 

RelievedSheff

alt80 said:

@RelievedSheff could be just my attitude that’s skewed mate idk. I can sort of see where you are coming from if you are happy long term with the property you have and aren’t interested in levelling up, I don’t get why you wouldn’t want more but what I get or don’t get isn’t your problem really haha. I know people like you who are happy with what they have and don’t want to level up they always seem really content generally. 

@enthusiasticsaver whilst I don’t get why the !!!!!! anyone would want to not work ever again, I’m with you re ones like your sister and brother. I come across those types every once in a while, used to employ one and fml he was hard work constantly moaning about the job encroaching on his life etc but was desperate for the money to pay for holidays abroad (not talking cheap getaways either ha) to get away from his job. !!!!!! hilarious. 

We are perfectly happy with our home and the location. There are only two of us and the dog so we really don't need anything bigger.

We can both picture ourselves living here when we are older. It will be a nice manageable size when we are retired.

We have no desire to saddle ourselves with more debt to buy a bigger house that we will have to sell when we get older and can't maintain it.

As soon as we are able to we will be cutting our working hours down to 4 days a week, maybe even 3 depending how the figures work out. Neither of us wants to be in the position where we are just living to work. There is far more to life than work.

joedenise

Absolutely agree @RelievedSheff.  You've definitely got your head screwed on right!

beanielou

All coming down nicely 

milann

I’m with you Relieved Shefff….we paid our mortgage several years ago saved most of what we paid on the mortgage on a loan to part fund some house improvements….the rest on a few fun things. Once that was paid we saved for cars and other things we used to get loans for. The paying off of the mortgage was the springboard to not having to get in further debt. Our house is big enough for us most of the time. Dh is still working part time because he enjoys it but can finish and we should be able to manage nicely…..not rolling in it but still able to enjoy our motorhome 😁

Sun_Addict

You definitely have the right mindset. 

beanielou

@milann.  Any update on the motorhome?

alt80

@RelievedSheff it wasn't a criticism mate, I think you're in a brilliant position - if you're happy that's all that matters doesn't matter if me or anyone else understands your reasoning.

I'll only move for the right place, love my current home tbf could stay and I wouldn't be sad to stay but there's another one left definitely though next one probably will be last home unless I can level up again which after next one I think is a real stretch. Wouldn't matter to me how much I had to pay others to maintain my property so long as I don't wind up in some little box and can enjoy my property after all its where we all end up spending our later years.

You are similar to my sister and her husband re work and cutting down your working hours etc. As of last week they both work 4 days a week, both not that much older than me log off end of working day etc. She's bright but not much drive when she got into her career idk why. I just hope they don't wind up 60 and wondering what could have been.