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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#latest8 -
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) £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 29/7/251
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