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10 years to clear £334K - our FIRE journey
Comments
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Nice one on the cashback.
Have a get out fund is valuable to peace of mind.
On the stuff that needs doing - perhaps ask ai to prioritise for you - then send the list in priority order to your boss and say this is what you'll be doing unless she gives guidance to the contrary... You'll instinctively know which are the priority ones if you get an eek feeling at the list you get back from ai...Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 £4.8K updated 13/9/251 -
That's an interesting idea, thank you!2
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You’ve made good steps, but you’re right, some of those will take a while to come to fruition. It’s now about managing the workload till then. Book a session with your boss 😊
Well done on the financial news 👏😊
Hope you have a relaxing and peaceful weekend.KKAs at 15.09.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £230,969
- OPs to mortgage = £12,270 Interest saved £5,816 to date
Fixed rate 3.85% ends October 2030
Read 51 books of target 52 in 2025, as @ 17th September
Produce tracker: £389 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.2 -
Go KK for all the valuable advice.
Sorry its all so stressful and sorry re the losses you have faced over the last few monthsDON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest3 -
Thank you SH, KK and LWAP for the advice and support.
Having a mammoth eb@y / V1nted listing session this weekend. Have opened a new savings account and tranx £6.18 from PA already. All new money will go in there as my FIF (F It Fund). £3 from YG pay out.
Have a few ideas about how to up income doing something I enjoy but doubt it's scalable as an escape route!5 -
Managed to obtain a bootful of seasoned wood this morning so this afternoon was spent processing it - OH on the chainsaw and me using the log splitter. Burning some right now and it's good stuff!
Also had a bonfire which cleared the garden up a lot and felt very cathartic.
Result is not much eB@y / V1nted listing but this was more fruitful and will do some listing during the evenings.4 -
Well done on what you achieved. I love a good fire...Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 £4.8K updated 13/9/251 -
Still aiming to be in the £280s in April, will be May without any OPs and at current rate of OPing but if I get the switch transfer or if I reach payout at YG I should manage it.Mortgage - £292,617Reduction of £1,199
£280s will now be in May as not currently OPing but FIF is at almost £100. £1.25 left to payout on YG. Side hussle picking up a bit of momentum. Work still pants. Lots of free wood scored so having a fire every night which is cheery.
Ha, forgot the big financial positive news which is that we have almost £5k in savings over and above our stoozed money. Feel a lot better for having some savings.3 -
Well done that's huge progress given all the work you've done on the house.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
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 £4.8K updated 13/9/251 -
Just tipped over the £5k mark with interest on ISA. £122 in the FIF so not able to say F*It just yet
25p until YG pay out. Had couple of PA pay outs and 3p off the next one. Really should do weekly / monthly pay outs but I do love transferring to the FIF as soon as it's available.
Work still pants and told boss I'm considering whether my role is sustainable - we are holding four vacant posts and asked for two agency workers to help fill the void whilst we are all hands on deck trying to get ready for huge legislative change which impacts every aspect of how we work. Got one agency worker approved
Started updating CV last night.
Been playing round with my pensions spreadsheet to make me feel better
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