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Getting FIREd up 😀

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  • South_coast
    South_coast Posts: 5,900 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Yes, that's a fair point 🤣! I'm clearly not on the verge of retirement any time soon anyway, as my percentages show!
    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!!!
  • Great progress! something similar happened to our numbers this month; but I thought I must have made a mistake so I wanted to double check them at the weekend. CM
  • South_coast
    South_coast Posts: 5,900 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Thanks CM - I was too amazed to check if I was wrong 🤣!
    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!!!
  • South_coast
    South_coast Posts: 5,900 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    In other news, I wonder what insights the box that transmits what I watch on telly to a market research company for £15 a month gleans from me watching an episode of Rosemary & Thyme from 2004 🤔🤔🤔???
    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!!!
  • edinburgher
    edinburgher Posts: 13,911 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I have opened a LISA - don't quite know what to make of it but I blame you!
  • South_coast
    South_coast Posts: 5,900 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    *Inserts obligatory statement that I am not a financial advisor and you must do your own research* 🤣
    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!!!
  • South_coast
    South_coast Posts: 5,900 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Lidl had tomato puree 😍!

    (Must be the first time in at least 6 months)
    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!!!
  • SuperSecretSquirrel
    SuperSecretSquirrel Posts: 1,059 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 19 February 2023 at 9:15AM
    I just read back for a reminder of your "little place by the sea" idea (page 85, 16th Oct, if anyone else is wondering...)

    It does strike me that maybe a camper van would suit your purposes. You aren't specifically looking to profit, more just help cover some costs (depending on these costs an airbnb might suit you better, as in renting one not owning one). Having to book an airbnb makes it less of a "disappear on a whim on Friday after work" thing. Depending on the area a rough camp or even last minute camp site booking with your own van might work.

    Small space, self catering, and you can even keep it stocked with some running gear, swimsuits, books, long life foods, etc, so you won't be packing from scratch each time you go.

    If it was a tidy modern van, depending on the mileage you do in day to day life it might make sense to use it as your daily drive, not having to maintain, tax, and insure a car in addition to the van could help quite a lot with the costs.

    The bonuses would be that you're not tied to a single location, maybe not having to worry about your long term empty property, plus it has to be a lot cheaper to run a van than a flat. The main downside would be you can't in normal times expect a van to appreciate in value - but it doesn't sound like that's the aim of the game here. Also, you might really hate the idea of roughing it in a camper 🤣
  • South_coast
    South_coast Posts: 5,900 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 19 February 2023 at 12:01PM
    Morning SSS, thanks for your thoughts (and for the page ref - I foolishly assumed avid readers would instantly know exactly what I was on about 🤣)! A camper van is a great idea, but it's not for me I'm afraid! Three main reasons: There is a height restriction on my car park at home (as in, a bar over the entrance), so it would mean running two vehicles, which I could not be *rsed to do; 2) I can only sleep if I am absolutely at the right temperature, which could be tricky to achieve in a camper (I'm also a very light sleeper, so other people around could easily wake me up); 3) I need my own (flushing) toilet 🤣!

    I would have preferred an Air BnB this time round, so I got the proper "living there" experience, but the prices were upwards of £110/night whereas the hotel was £82 for two nights (I'm a self-contained kind of girl - making small talk with hosts would be too much like being at work). It meant I spent more on food, but not that much. No idea why, as you'd assume it would be cheaper across the board out of season, probably the b*ggeration factor of getting the place ready for someone that's only going to be there a couple of nights, then having to do it all over again. 

    So basically I'm a bit of a princess 👸!

    At the end of the day, if it came down to a choice between a second home and early retirement (which it would, by several years), I'd go for ER every time. Where I actually live is already lovely, and if I didn't have work to think about I probably wouldn't feel the need to step away from normality for a bit of a breather every now and then. So I think that's a vote for the status quo 🤷‍♀️?
    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!!!
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