📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Future Proofing my life: Deposit saving then MFW journey in under 13 years

1290291292294296

Comments

  • savingholmes
    savingholmes Posts: 28,997 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done.  Sounds really busy. Glad you made time for nature too
    Achieve 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 29/7/25
  • earthgirl2
    earthgirl2 Posts: 528 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Sounds amazing and very very busy! 
    Save £20,000 in 2025. April 2k, May 3.5k
  • LadyWithAPlan
    LadyWithAPlan Posts: 3,760 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    Sounds amazing and very very busy! 
    I feel hugely busy but all fun, lets see how to market and sell better etc. Massive efforts always leaves to massive results.
    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 October
    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#latest
  • debtfreewannabe321
    debtfreewannabe321 Posts: 9,495 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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
  • South_coast
    South_coast Posts: 5,916 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    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!!!
  • Watty1
    Watty1 Posts: 6,948 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Sounds awesome!!   Investment in a VA has really helped me develop ideas.  Highly recommended for the extra support 
    Made 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 !!
  • beanielou
    beanielou Posts: 95,829 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    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.
  • LadyWithAPlan
    LadyWithAPlan Posts: 3,760 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 8 August at 7:51PM
    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 though ;)   and 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 
    May i ask how it best helped on ideas and follow through? - assume you have a decent VA who has experience in online courses etc as opposed to one who does not. Can you recommend them or how best to find one?

    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#latest
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.4K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.4K Work, Benefits & Business
  • 599.7K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 258K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.