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Learning to walk before I run
Comments
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@savingholmes - golden handcuffs!
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I know I have them too but - they are worth such a lot!!!edinburgher said:@savingholmes - golden handcuffs!
Are you mostly WFH or do you have to go in? Since I now mainly WFH it is a lot easier to manage.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £169.8K Equity 37.1%
2) £1.3K Net savings after CCs 16/1/26 (but owed £1.1K) so £2.4K
3) Mortgage neutral by 06/30 (AVC £34.8K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 40.6/£127.5K target 31.8% 16/11/25
(If took bigger lump sum = 62.7K or 49.2%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5.2K updated 16/1/264 -
I've been WFH since March 2020, it's a real silver lining
Just spent £2,700 on flooring!
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Flooring will support you too...
Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £169.8K Equity 37.1%
2) £1.3K Net savings after CCs 16/1/26 (but owed £1.1K) so £2.4K
3) Mortgage neutral by 06/30 (AVC £34.8K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 40.6/£127.5K target 31.8% 16/11/25
(If took bigger lump sum = 62.7K or 49.2%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5.2K updated 16/1/264 -
I think I'm going to re-define my job description as "Arguing with people", as that's what I seem to spend most of my time doing 🙄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!!!7 -
I know how you feel @South_coast - spend a week writing someone a 7 page formal response - get 2 paragraphs in return saying I'm totally wrong 🙄6
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Yes, that sounds very familiar 🤣!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!!!4 -
Utilities less than £40 - fringe benefit of not being at home?
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Hey Ed, has your SIPP been making good money recently ? mine has shot up by quite a bit, not gained all its losses yet but it's looking much more healthy than it was6
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@elantan - yes, definitely. My all time high was c. £70k but that dropped to about £66k when I moved to a fund with bonds. The new fund then dropped by another 10% or so. New fund has almost made back its losses, a whisker past £66k as of this morning 👍5
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