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Future Proofing my life: Deposit saving then MFW journey in under 13 years
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Just popping in to say I have not forgotten about you all!!
Super busy doing my big summer side-hustle, lots of travel ...
Plus I have signed up for a website dev course and also a content creation course - online 5 hours every Wed and Thurs so I am also studying.
I have built 3 websites and made loads content - however the world keeps changing and its good to have a refresh
Those who ever read my first journal entry will be thrilled to hear (finally) I did my first workshop on my programme - offered it for free here as part of the education programme - they pulled a group of 16-23 and then 40-50s and I got incredible feedback - one person even dmd me via facebook to say how inspiring it was and how much they learnt .. and how fascinating it was. I did get a quick referral video but waiting to launch til after the current side hustle.
I am doing another workshop in Sept in Europe as part of my side hustle - this is partially why I am doing the website course to properly build and structure the website first.
The tutor keeps talking about what a great website MSE is - well structured etc but she had no idea of the forums we all live on in here
Money - I am keeping my ynab up to date so very clear how much I am spending on this side hustle in c advertising, travel etc) .. I am not quite half way in and at least 2/3rds covered costs.. So I am sure I will make money - how much I am not clear. in some cases the advance sales I can check daily but cash door sales I wont know til after I finish each stint!
In some cases I have been told I will get paid 8 weeks after the stint!! In others 10 days... so good i have savings!!DON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest11 -
Well done. Sounds really busy. Glad you made time for nature tooAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/252 -
tx @savingholmes hope all is well your end
Hope all of you here are having a fun summer.
I have won £25 on PB's this month - so despite having 50% less (£8.2k) in than last year (13-£16k during the year) approx I have won more - £500 over the last 8 months - won every month now got £8225 in
I did a second workshop on Sunday - based on my programme - a different angle - and got paid (about £125) - I am also getting a testimonial and got some pics and also they (the group who hired me to facilitate their monthly meet ) posted loads so ..
I finally set up the insta page for it - so now got 3 insta pages (personal, side hustle and this programme) and one I let drop but I have learnt from my content course to have diff socials for diff things cos of algorithms and later branding. Yet to build the website for it (got the domain) but i finished the 4 week website course now so got clarity.
Apparently one should not launch a website til you have 30 posts on it so... and then takes Google 6 months to really register it and start placing it in its page rankings.
This is the third section of my side hustle trip and is in a quiet city but still doing well relatively- the next place is a much bigger place with a larger audience I have been told so more sales. Should do as well in stop 4 as stop 2 where I did very well indeed. However I have been told this place now is the nice rest before a very busy period where lots of networking needed etc -
I have some small merchandise - badges, stickers etc. I have some teatowels coming but they are not ready yet - and probably not worth posting
as may not get here til after I leave. I will have them for the next trip - I was waiting for cash to come in (vs pulling from my savings) to order them but had not realised there was a 5 week production turnaround. Still I will pop them online and will have for future side hustles.
Yesterday I set up STRIPE for my company as a QR code in pounds - if you do in a foreign currency its too complicated (tax stuff) and received my first £1 !! I will be tracking it - I have been getting cash donations towards my badges etc which is covering food etc buit not everyone carries cash
Either way I am very excited about my first £1 online payment...
EDIT I actually received £2 via Stripe yesterdayWinning!
Its a beautiful small town where I type from and people keep giving me food!
(I am not begging) First a dozen freshly laid eggs as I was talking to their friend so we all got eggs, then I contacted people that chant the same things as I (nam myoho renge kyo) and whilst meeting them got freshly picked lettuce.. I said no to the HUGE courgette..
I am staying at peoples places and its amazing seeing how different everyone lives, levels of tidyness, kitchen surface stuff on etc. I am currently in the cleanest home ever - there is not a drop of water left anywhere ever! I am very inspired to declutter loads more when I get home - living out of 2 suitcases for 2 months (largely with stuff for the side hustle - banners etc) shows how much you dont need.
Just missed out on an award in one place so fingers crossed (awards help the marketing which is the only reason I care!)
However I did a small tv clip and a radio interview on the local news so small is good
I have now broken even and am in profit on the whole 2 month trip (covering flights, all expenses etc), even projecting for food and ubers in the next place, .. I had some expensive ads but as no-one knows me here the ads in the big brochure were to get me seen so worth it to garner the sales. Never done it before but I have had a few sellouts or near sellouts.
I have also covered the cost of my new iphone 16 pro max (which i LOVE ) no stress on batteries and also camera good enough to film as I am putting together a diary and a sizzle reel for this whole trip. I can even film my side hustle stuff - all good to have
Found a reasonably priced filmmaker so today I am off filming for the sizzle reel.
I am super busy though - got some side hustle stuff in Europe in early Sept I am also having to organise and promote... I really am looking to get this side hustle back to the full time work - which is was pre covid, so will plan on next steps when home.
DON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest6 -
Sounds amazing and very very busy!Save £20,000 in 2025. April 2k, May 3.5k3
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earthgirl2 said:Sounds amazing and very very busy!
I am also though choosing to not stress myself out as there is always something else I could do but as a one woman LaPlan it is not possible.
I may think of getting a VA next time!
@Watty1 I will reminding myself of your online platform for your course wtc when I get back end August to start building that - thinking to launch in OctoberDON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest3 -
You always sound so busy @LadyWithAPlan but also sound like you love it... Well done on all the sales of tickets etc your side hustle sounds amazing taking you to so many different countries 😍.MORTGAGE BALANCE when we moved Aug 2024, £120,000. January 1st £118,267.06. May 1st, £116, 123, June 1st, £115,536, New mortgage added for extension- £165,000 July 1st!Mortgage Overpayments - September-December, £152.46. J- £103.27, F- £115, M- £91.50, A- £100, M- £200, J- £200. J- £200. Aug-£200.
Total- £1362.23
Goal pay off 1% of current mortgage in 1 year. £1650
EF- first goal £300
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OK, so I now want a LaPlan tea towel....!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!3 -
Sounds awesome!! Investment in a VA has really helped me develop ideas. Highly recommended for the extra supportMade it to mortgage free but what a muddle that became
In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!3 -
In the tea towel queue! Glad all going well.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.3 -
Tx @beanielou @Watty1 @SouthCoast @debtfreewannabe321 for the well wishes.. I am busy but its happy busy... Plus meeting new people, getting inspired by them and the travelling.
I am now in profit -covered all costs and so every sale is now income - of course I am not counting my hours spent here and opportunity cost but have managed to do couple things of online work for clients. Have been paid a nice chunk on one of the stints (WISE bank is so great for overseas payments) and will get a decent chunk also next week. Looking at my pre sales on the final 2 weeks and a week out already got some nice starting sales so. However I have looked at the website they selling through and copy is badly pasted, no bolds, paragraphs etc so I am sorting that out. I have edited a 30sec video though that looks great
Big client keeps saying they will pay me and money coming in but as I am refusing to do any work for them til i get paid and sent them an interest statement - and they really need me to push forward on this work which will save them loads- and is required - I am trusting I can report next week cash coming in. If not I will be back in 2.5 weeks and then will look to get legal advice.
How great - an unexpected teatowel queue is growing ! ...
Its a fabulous teatowel to do with my sidehustle (my friend designed it) - a friend sells hers here for about £10 each but her cost is £2 as she printed in NZ whereas my UK teatowel print costs are just over £5 (exc design costs) - so I guess I will be aiming for £13 in UK and less elsewhere- they look fantastic from what I can see in the pic ... I will get to sell them in Europe when I do the Sept side hustle.. then online in UK - the initial cost though was just under £800 so .. they are washable at 40 etc and full colour
I may well do a LA Plan teatowel thoughand have some ideas for other teatowels.
I may need to go on a design course now.. or some friends here said they have learnt to screenprint themselves so I see a screen printing course hunt on my return.Watty1 said:Sounds awesome!! Investment in a VA has really helped me develop ideas. Highly recommended for the extra support
I now have a lot of knowledge on how to and what needs to be in the website and all the socials - got info overload tbh - so waiting til my return to process
HOUSE INSURANCE £143.35
Had to renew mine (all renters contents) but as I was abroad I was unable to get CB as none of the links were tracking in Quidc* or TCB. So just used Meerk*t again as at least I get some treats that way.
YNAB
As always this I am updating more than my QB work accts - as it is giving me up to date info on my spending as I travel. Nice to have been paid some cash as I have been pulling money from savings as I go so.DON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest1
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