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

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Comments

  • I looked up the site you linked but some people seem to think the site is a scam... it seems to have mixed reviews... 

    Your plans sound good though. 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.1K Net savings after CCs 14/5/26 (but owed £1.3K) so £3.4K
    3) Mortgage neutral by 06/30 (AVC £41.6K + Lump Sums DB £4.6K + (25% of SIPP 1.4K) = 47.6K of £127.5K target 37.33% 16/5/26 (If took bigger lump sum = 69.5K or 54.5%)
    4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
    5) SIPP £5.6K updated 16/5/26
  • I looked up the site you linked but some people seem to think the site is a scam... it seems to have mixed reviews... 

    Your plans sound good though. 
    The book is also free on KU
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.1K Net savings after CCs 14/5/26 (but owed £1.3K) so £3.4K
    3) Mortgage neutral by 06/30 (AVC £41.6K + Lump Sums DB £4.6K + (25% of SIPP 1.4K) = 47.6K of £127.5K target 37.33% 16/5/26 (If took bigger lump sum = 69.5K or 54.5%)
    4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
    5) SIPP £5.6K updated 16/5/26
  • LadyWithAPlan
    LadyWithAPlan Posts: 3,826 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 11 September 2022 at 12:14AM
    I looked up the site you linked but some people seem to think the site is a scam... it seems to have mixed reviews... 

    Your plans sound good though. 
    The book is also free on KU
    it was fine for me I downloaded it fine. But glad you found it - let me know if you try the process and if it works for you
    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
  • Hope your friend's memorial goes well. 

    Enjoy the course.

    Great YS bargains
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.1K Net savings after CCs 14/5/26 (but owed £1.3K) so £3.4K
    3) Mortgage neutral by 06/30 (AVC £41.6K + Lump Sums DB £4.6K + (25% of SIPP 1.4K) = 47.6K of £127.5K target 37.33% 16/5/26 (If took bigger lump sum = 69.5K or 54.5%)
    4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
    5) SIPP £5.6K updated 16/5/26
  • Cheery_Daff
    Cheery_Daff Posts: 18,421 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Gosh, lots of excellent things in there. Look at that meal plan!! I'm pretty sure you won't lose any fingers or toes in a beginners plumbing class (at least I hope not, as I have to plumb our washing machine in tomorrow!) 

    Hope the memorial goes well x
  • Gosh, lots of excellent things in there. Look at that meal plan!! I'm pretty sure you won't lose any fingers or toes in a beginners plumbing class (at least I hope not, as I have to plumb our washing machine in tomorrow!) 

    Hope the memorial goes well x
    Good luck with that - my lovely Polish neighbour plumbed in my washing machine . Took him 2 mins. I can only aspire to be as grown up as you ;))

    Memorial ah .. he was only 46 .. 
    We will all get to speak and I already have my 2 amusing and uplifting stories about the fun we all had... 
    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
  • Cheery_Daff
    Cheery_Daff Posts: 18,421 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Gosh,46 is no age at all. Sounds like it will be a lovely celebration of his life xx

    I've done washing machines before so not anticipating too many problems (although it might take me slightly longer than 2 mins...)
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