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Holding On and Letting Go 🎈

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Comments

  • SandyShores
    SandyShores Posts: 2,000 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Amazing Fortune, I am cheering you on!
    "Think of many things, do one"
    Mortgage 31Oct'25 est. £207,450 £309,749 2020 (current ends 2038 -aiming for 2031)
    Seven Goals; 12.5lbs lost in 4 months (5.5lbs to go); walk/run/exercising/weights/yoga 

  • Fortune_Smiles
    Fortune_Smiles Posts: 5,148 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Amazing Fortune, I am cheering you on!

    Thank you Sandy 😘

    Fortune x

  • Fortune_Smiles
    Fortune_Smiles Posts: 5,148 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Woohoo. Exciting milestone 

    Thank you SH 😘  It's nice to able to cross off the bricks on my House Mortage chart 🏠

    Fortune x

  • badmemory
    badmemory Posts: 10,048 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    I think that the only thing that feels as good as paying off the mortgage is retiring knowing that you will have ample to do what you want.
  • savingholmes
    savingholmes Posts: 29,087 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I think with the hospital scare you had with him earlier in the year - it kind of cements that life is for living - and that money is a tool. Life energy is not limitless and we need to choose consciously how to spend it wisely.
    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
  • I think it's fantastic that you are able to put OH mental health and yours first, so many people choose money as their priority. Although I also understand that many don't have a choice either. Good luck
    Seaweed x 
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