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Prosperous soul, mortgage neutrality & creativity Year 2

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Comments

  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I meant I can use gas but the meter is blank 
    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
  • SandyShores
    SandyShores Posts: 1,998 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    That's a pain savingholmes, hope its sorted out soon.  I know when our gas meter was updated it took a while to show on the online account, but the IHD was working from day 1.  It will be worth it when its all sorted - I'm really pleased I don't have to go out to the meter box anymore and take readings.
    "Think of many things, do one"
    Mortgage 30 Sep'25 est. £208,500 £309,749 2020 (current ends 2038)
    Seven Goals; 12.5lbs lost in 4 months (5.5lbs to go); walk/run/exercising/weights/yoga 

  • doingitanyway
    doingitanyway Posts: 10,314 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Mortgage-free Glee!
    Almost Feb but happy new year. I know.
    Ballet and new hair. Sounds good to me
    Will catch up with older posts soon.
    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them

    Emergency fund 3501000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • I always find it's less the escapist reading, and more recalibrating myself to reality that's the exhausting thing. Which makes it even harder to avoid slipping into!
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
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