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10 years to clear £334K - our FIRE journey

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Comments

  • South_coast
    South_coast Posts: 6,072 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    £299,587.39 then 😀😀😀
    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!!!
  • CCW007
    CCW007 Posts: 1,111 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Nice idea but sadly it's gone into the pot to balance the cash Vs debt which is currently negative! But has made a big difference there so am very grateful. 
  • KajiKita
    KajiKita Posts: 8,619 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Congratulations on being sub-£300K 😊👏🎉🥳🤩❤️
    Thats a big milestone 😊

    KK
    As at 15.10.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £229,702
    - OPs to mortgage = £12,345 Estd. interest saved = £5,863 to date
    Fixed rate 3.85% ends October 2030

    Read 62 books of target 52 in 2025, as @ 4th November 
    Produce tracker: £426 of £300 in 2025

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • CCW007
    CCW007 Posts: 1,111 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Horrible / tough / sad HR issue at work causing me a lot of stress.  Makes me more determined than ever to get to FIRE as soon as possible.  Booked next Monday off so at least that's a long weekend to look forward to.

    Mini target - make £136 free money to OP £1,000 since October 2023.  Got almost £20 waiting in PA and around £80 in Quidco (but that could still be ages).  At £35 in Y0ugov.

    Gave away a big mirror at the weekend which has (literally) been gathering dust so that feels really positive - it was free to me and the woman who collected was pleased with it. 
  • CCW007
    CCW007 Posts: 1,111 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    And just like that £36 became payable from Quidco, plus referral bonus has tracked.
  • savingholmes
    savingholmes Posts: 29,089 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Aww always nice when you have money coming to you that you had forgotten about. 

    Hope that work improves.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    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 £5K updated 10/10/25
  • KajiKita
    KajiKita Posts: 8,619 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Sympathies on the work situation. Am in a similar place myself atm …

    Hope the long weekend helps. 

    KK
    As at 15.10.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £229,702
    - OPs to mortgage = £12,345 Estd. interest saved = £5,863 to date
    Fixed rate 3.85% ends October 2030

    Read 62 books of target 52 in 2025, as @ 4th November 
    Produce tracker: £426 of £300 in 2025

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • CCW007
    CCW007 Posts: 1,111 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Am awake again, will try and get back to sleep in a minute.  Heat is not helping but mostly work playing on my mind.

    £66 to OP target.  Waiting for £4 from Vinted.
  • South_coast
    South_coast Posts: 6,072 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Hope you managed to get a bit more sleep x
    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: 29,089 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Good luck with the OP target. Hope your sleep has improved.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    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 £5K updated 10/10/25
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