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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
    edited 28 December 2022 at 11:35PM
    Thanks ladies 😀!
    Must admit, I was curious after reading this article, but I think intentionally challenging myself not to do something may be just as bad as trying to do something!
    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!!!
  • Jessy103
    Jessy103 Posts: 2,257 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Interesting article and I like the idea of it, concentrating on what you have. Even if you don't do a year, even a month could be beneficial. 
    Funny because I've just set myself a little 2023 target of reading 2 books. I have so many and love reading, but have just got in the habit of putting the TV on.
    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!
  • themadvix
    themadvix Posts: 8,806 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    Oooh, I love that article SC, thanks for sharing! That’s one reason why we’re camping for our holiday this year - we have all the stuff but haven’t done a proper camping holiday in ahem maybe 12 years!! Using what you have is so important….
    Mortgage free 16/06/2023! £132,500 cleared in 11 years, 3 months and 7 days

    'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway


  • I like the idea of rediscovering old passions instead of going out looking for new ones, I am definitely guilty of a bookshelf of unread books and a lot of Learn German material!
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
  • savingholmes
    savingholmes Posts: 28,986 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Good article. 

    I recently found a load of pretty napkins from days when I regularly decoupages. Some unused metallic alcohol watercolour inks I was desperate to try etc etc etc. We definitely need to find a way to quench the thirst for the new with what we already have.

    Good luck with your no goals challenge. While not wanting to be subversive, I think in a way your goal is 'self-compassion'.
    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 29/7/25
  • themadvix
    themadvix Posts: 8,806 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    That's a really good way of looking at it, SH!
    Mortgage free 16/06/2023! £132,500 cleared in 11 years, 3 months and 7 days

    'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway


  • South_coast
    South_coast Posts: 5,900 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 30 December 2022 at 11:25AM
    I did briefly toy with the idea of having a "Year of selfishness" (as opposed to the year of selflessness I have just had), but realised straight away that was going to be a non-starter!

    Anyway....
    In the spirit of going deeper, I have just paid for a year's Super Duolingo subscription 😮! I'm 354 days in and feeling a bit hamstrung by the free version, so hopefully this will accelerate my progress. It was not in the budget though!
    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!!!
  • savingholmes
    savingholmes Posts: 28,986 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Enjoy. Your budget can stretch I'm sure.
    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 29/7/25
  • Thanks ladies 😀!
    Must admit, I was curious after reading this article, but I think intentionally challenging myself not to do something may be just as bad as trying to do something!
    Oh I liked that article - the satisfaction of completing something you originally set out to!   

    And in terms of goals for the year etc and reflecting I've heard good things about this free tool

    https://yearcompass.com/

    ...going to have a crack at it myself this afternoon.
    Starting Mortgage £578K  
    Current Mortgage £533K (January 2024)
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