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Getting FIREd up π
Comments
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So this evening has been spent in the company of an episode where rabbit fur is used as a murder weapon πππMortgage start: Β£65,495 (March 2016)
Cleared π§ββοΈπ§ββοΈπ§ββοΈ!!! In 5 years, 1 month andΒ 29 days
Total amount repaid: Β£72,307.03. Β£1.10 repaid for every Β£1.00 borrowed
Finally earning interest instead of paying it!!!4 -
I feel like Iβm in an alternative dimension here. How long had it been since Iβve been in your diary?DFW (08/08) Β£64,346.53 Gone (02/19)
MFW (08/08) Β£118k Gone (09/23)3 -
It doesn't matter - Midsomer Murders is timeless πππ!Mortgage start: Β£65,495 (March 2016)
Cleared π§ββοΈπ§ββοΈπ§ββοΈ!!! In 5 years, 1 month andΒ 29 days
Total amount repaid: Β£72,307.03. Β£1.10 repaid for every Β£1.00 borrowed
Finally earning interest instead of paying it!!!3 -
In other news, I've just spent Β£31.97 on make-up π³ This was not in the plan!Mortgage start: Β£65,495 (March 2016)
Cleared π§ββοΈπ§ββοΈπ§ββοΈ!!! In 5 years, 1 month andΒ 29 days
Total amount repaid: Β£72,307.03. Β£1.10 repaid for every Β£1.00 borrowed
Finally earning interest instead of paying it!!!3 -
I've been having a nose at the website for my pension for old, old job, as I saw my ISA seems to have taken right off in the last week or so. Discovered they have a funky feature where it tells you exactly what you've paid in to it and can search for your balance on any given past date. In the five years since I left and stopped paying anything in, it's gone up by 30%! If I look back at the 01/01/2022 figure, it was up 37.5% at that point! It's one thing to read FIRE blogs and the like and understand the theory, but actually seeing how putting the money in early and then doing absolutely nothing works in effect is quite powerful!
Now, where can I find some more money to invest....π€π€£Mortgage start: Β£65,495 (March 2016)
Cleared π§ββοΈπ§ββοΈπ§ββοΈ!!! In 5 years, 1 month andΒ 29 days
Total amount repaid: Β£72,307.03. Β£1.10 repaid for every Β£1.00 borrowed
Finally earning interest instead of paying it!!!4 -
@South_coast - I'm considering a wee LISA to try and reduce our early retirement tax burden3
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Better get in quick, Ed. There's an age limit πMortgage start: Β£65,495 (March 2016)
Cleared π§ββοΈπ§ββοΈπ§ββοΈ!!! In 5 years, 1 month andΒ 29 days
Total amount repaid: Β£72,307.03. Β£1.10 repaid for every Β£1.00 borrowed
Finally earning interest instead of paying it!!!2 -
Wheesht! I've got months yet
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It is encouraging to look at older pensions and see what happens.Β
I recovered a pension I didn't remember taking out and its worth over Β£3.6K now - it all helps.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 Β£202K now Β£171.8K Equity 36.37%
2) Β£2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC Β£27.9K + Lump Sums DB Β£4.6K + (25% of SIPP 1.25K) = 34/Β£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target Β£17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum Β£15.8/30K 52.67%)
5) SIPP Β£5K updated 10/10/252 -
Agree @savingholmes every little bit does help.Β Don't think I have any mysterious pensions anywhere - I worked in retail until I left uni and don't remember paying pension back then, and since I left uni I've been in the NHS and have always paid into that pot.Β No idea what my pension pot will look like in another 30 years so will try and supplement with saving the bits that I can.
Emergency Fund - Β£8572.39 / Β£10,000 :: Mortgage OP 2025 - Β£LISA 24/25 - Β£3200 / Β£4000 :: NSD 2025 - 2 / 150 :: Books Read: 1 / 52 :: Decluttering - 4 / 1000Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 20174
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