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Prosperous soul embraces creativity & mortgage neutrality

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Comments

  • Orangetoes
    Orangetoes Posts: 361 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Belated birthday wishes and huge congrats on the weight loss too. Doing so well! 
  • savingholmes
    savingholmes Posts: 29,181 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks @mark55man

    If I get it, will apply for DD too and see if she qualifies. Some of the areas I think she would score higher than me but who knows at this point...

    Sat in park now but near a cafe playing loud music.... Setting peaceful reality slightly less so.

    Had booked today off but ended up working some of it to make up for 3 weeks of early finishes!!! Should be closer to balancing again now. Was working on something that felt worthwhile so that made it easier.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.5K Net savings after CCs 14/4/26 (but owed £1.1K) so £3.6K
    3) Mortgage neutral by 06/30 (AVC £39.3K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 45.2K of £127.5K target 35.4% 8/5/26 (If took bigger lump sum = 67.1K or 52.6%)
    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 £5.4K updated 8/5/26
  • jwil
    jwil Posts: 23,487 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Good luck for tomorrow x
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • beanielou
    beanielou Posts: 99,599 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Hoping all goes well for you the morra  :)  xx
    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*** in ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger.
    One debt remaining. Home improvement loan. 19months left.
  • MovingForwards
    MovingForwards Posts: 17,180 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Good luck, if in doubt ask them to repeat and think before replying.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Hope all goes well.
    paydbx2026 #19 £1499/£6000 . Mortgage start £148k June 23 - now £133k.
    2026 savings challenge £0/£2000
    EF £140. Savings 2 £2.17
  • Hope all goes well for you today x

    Debt Busting Again in 2026!

    Starting Debt 03.05.26 = £5345

    Clear the M&S Card Starting Balance 03.05.26 £600

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