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Getting FIREd up 😀
Comments
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Great round up SC, my S&S is at -7% currently, it’s been a bad year all round. You are doing brilliantly! I hope you have a wonderful 2023 CM4
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Thanks CMMortgage 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!!!2 -
Happy New Year and that looks like a great round up. Onwards and upwards, baby steps!Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535
Retirement Planning
Starting Position (Jan 2024) : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,5003 -
I think our round-up looks great; lots of buying upfront and not using credit.
I don't understand the percentages though! I am very new to the saving malarky!3-month emergency fund (Cash ISA & PBs): £4744/ £6,000
Stocks and shares ISA: £1497
Additional pension contributions £0
Overpayment on mortgage: £0
Big Renno..£03 -
Thanks both 😀 Carrie, the percentages show where I currently am against each target. When there are big monthly +/- swings in £ terms it can show a misleading picture, but by reporting it in "percentage to target" figures, it hopefully makes it clearer overall. I don't always work on each one each month, which is why some of them have the same percentage for two months runningMortgage 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!!!3 -
Thank you- got it!3-month emergency fund (Cash ISA & PBs): £4744/ £6,000
Stocks and shares ISA: £1497
Additional pension contributions £0
Overpayment on mortgage: £0
Big Renno..£03 -
Back to work tomorrow - bleurgh 🙁 I was already dreaming about it last night. Today is all about trying not to dwell on how many more years I have to work if I only make £5k of progress towards FIRE each year 🤦♀️!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!!!5 -
So relate to this!South_coast said:oday is all about trying not to dwell on how many more years I have to work if I only make £5k of progress towards FIRE each year 🤦♀️!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 29/7/252 -
Thanks SC! He's my favourite Doctor Who 😂South_coast said:Thanks all 😀 And just for you Jessy....
....Christopher Eccleston in Morse 🤣!Mortgage Balance as of July 2025 £14,900.
Starting Mortgage Balance (June 2019) £72,000.
Aiming to be mortgage free by my 40th birthday, June 2026!2 -
Yes, I thought so 🤣🤣🤣!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!!!2
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