We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Getting FIREd up 😀
Comments
-
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!!!4 -
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.I've been mortgage free once, so let's do it again!
Starting balance March 26 £191,274.533 -
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 Hemingway4 -
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: £224,460.73
Start student loan 2012: £29,750; current student loan: CLEARED July 2025
Unread owned books Jan 2026: 256
Undone crafts 2026: +13 -
Thanks all, I like Raptitude (especially the captions on the photos).So, it appears I may have started the "no goals" regime earlier than anticipated, by thwarting my goal to fill the freezers with work lunches during my Christmas break - as it transpires they are already full 🤦♀️🤦♀️🤦♀️ What a plonker! It's a good job lentils and tinned tomatoes won't go off while I wait to make space 🙄So that's one thing crossed off the list!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 -
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 £169.8K Equity 37.1%
2) £2.4K Net savings after CCs March 26 (but owed £1.1K) so £3.5K
3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5.2K updated 16/1/261 -
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 Hemingway2 -
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!!!3 -
Enjoy. Your budget can stretch I'm sure.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £169.8K Equity 37.1%
2) £2.4K Net savings after CCs March 26 (but owed £1.1K) so £3.5K
3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5.2K updated 16/1/262 -
Oh I liked that article - the satisfaction of completing something you originally set out to!South_coast said: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!
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)3
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards