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So close, we can smell mortgage freedom!

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Comments

  • savingholmes
    savingholmes Posts: 29,200 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad you had a lovely time away and pretty much on budget too.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.5K Net savings after CCs 14/4/26 (but owed £1.1K) so £3.6K
    3) Mortgage neutral by 06/30 (AVC £39.3K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 45.2K of £127.5K target 35.4% 8/5/26 (If took bigger lump sum = 67.1K or 52.6%)
    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 £5.4K updated 8/5/26
  • newgirly
    newgirly Posts: 9,546 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    Sounds like a really good value and fun break, might have a look for next year myself 😬
    MFW 67 - Finally mortgage free! 💙😁
  • themadvix
    themadvix Posts: 9,548 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    edited 12 October 2022 at 7:04AM
    Cat sitting meeting went fine and we've agreed a price I think we're all happy with. I need to type up the notes and sort the paperwork out. It's not a great hourly rate, but it's guaranteed work Dec-Mar and a complement to my other work. I have two other cat sitting bookings for December and that will now be it for then. I've put my rate up again on CIAF too - the increasing petrol prices just make it unfeasible for them to stay as they were. I've noticed people are tending to only book one visit a day in any case to save money, so this balances that out - they still are charged less than two visits, but I get slightly more for that visit.
    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


  • savingholmes
    savingholmes Posts: 29,200 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Nice to have some income certainty. Putting up your rates sounds sensible too. 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
    2) £2.5K Net savings after CCs 14/4/26 (but owed £1.1K) so £3.6K
    3) Mortgage neutral by 06/30 (AVC £39.3K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 45.2K of £127.5K target 35.4% 8/5/26 (If took bigger lump sum = 67.1K or 52.6%)
    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 £5.4K updated 8/5/26
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