We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Getting FIREd up 😀

Options
1263264265266267269»

Comments

  • edinburgher
    edinburgher Posts: 13,786 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 5 July at 6:40PM
    What about inflation tho? 🤔

    I tend to think about equity investments in today's money because I assume they'll grow in real terms. 4% cash with 2% inflation is a 2% return, if inflation is higher your net result will actually be beyond your lower bound. Inflation is currently 3%+

    Need to see the comparison of what you could get out of your pension with tax savings etc. and potentially higher real returns Vs these figures IMO. But that's a fun task B)
  • South_coast
    South_coast Posts: 5,812 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    But that's a fun task B)
    In that case, I'm delegating it to you 🤣!

    I have no idea how to do any of those things, but I reckon £45k will still be a meaningful figure in 18 years' time 🤷‍♀️? I don't want to over-think it too much and end up a victim of OMYS. Hey, if it goes really badly, I could always go back to work....😱
    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!!!
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.7K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.4K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.