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10 years to clear £334K - our FIRE journey

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Comments

  • CCW007
    CCW007 Posts: 1,141 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    In not so good news, my ex-colleague who was joining my management team in two weeks time has had to withdraw.  Gutted for her as she was really looking forward to it, gutted for me as I was relying on her experience and now feeling rather overwhelmed again re work.  Time to reflect and work on a plan.
  • savingholmes
    savingholmes Posts: 29,194 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sorry about your friend.

    Hope you find some balance and peace 
    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
  • CCW007
    CCW007 Posts: 1,141 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Thanks SC, sorry to see you are awake so early / late 
  • CCW007
    CCW007 Posts: 1,141 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    2025 is not starting well so trying to focus on positives:

    * OH passed his exam, he will reclaim costs
    * £248 cash back applied to credit card before latest statement is generated
    * Tomato amnesty has led to me making delicious tomato soup, portion in fridge for lunch tomorrow
    * Butter made from Olio cream
    * Upright freezer defrosted and can now see (and remove!) what is in there 
  • savingholmes
    savingholmes Posts: 29,194 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You're allowed to be sad and real on here. At the same time - I get that focusing on the positives helps us maintain our mental health too - as long as you have somewhere you can vent even if it is in an offline journal. 
    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
  • CCW007
    CCW007 Posts: 1,141 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Thank you, that really helps.  I feel like I have to be positive at work and with family. So it's good to be able to share here. But I do also want to try and focus on the positive.

    Found out on Friday a colleague had passed away unexpectedly. No-one outside the management team knows yet, it's going to be a horrible day in the office tomorrow.  Then my in laws had to have their dog PTS yesterday also very unexpectedly, he was only 7 years old.
  • CCW007
    CCW007 Posts: 1,141 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    First OP of 2025 - £19 from Vinted sale.
  • KajiKita
    KajiKita Posts: 10,103 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Well done on the OP.

    Hoping today wasn’t too rough? 

    KK
    As at 17.04.26:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £216,847
    - OPs to mortgage = £18,925 Estd. interest saved = £9,670 to date
    c. 16 months reduction in term
    Fixed rate 3.85% ends October 2030

    Read 31 books of target 52 in 2026 as @ 7th May. 
    Produce tracker: £108 of £400 in 2026

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • savingholmes
    savingholmes Posts: 29,194 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sorry you've had a run of bad news. I hope today was okay.
    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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