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  • FIRST POST
    • slowlyfading
    • By slowlyfading 11th Apr 18, 8:40 PM
    • 12,917Posts
    • 74,174Thanks
    slowlyfading
    SF's road to MF/FIRE: Part I
    • #1
    • 11th Apr 18, 8:40 PM
    SF's road to MF/FIRE: Part I 11th Apr 18 at 8:40 PM
    I started a MF diary back in 2013 and it started off well; we managed to do fairly substantial OPs and reduced the capital well.

    But, since then, life and plans have got in the way.

    So, we are now aiming for mortgage freedom plus financial independence and retiring early (FIRE). It's going to be a long and exciting journey! Aiming to retire in the year I turn 50

    I run a fairly successful personal finance blog as a side hustle, and have been featured in some national newspapers as well as the BBC and Channel 4. So, you could say it's going well. I want to continue to build this into a side business which creates some income, which will then be invested back into this plus used to add to savings/additional mortgage payments. I have been working on this steadily for the past three years and have a business plan in place.

    I have launched my first online course which is going slow but steady, which brings in a small amount of income. That combined with sponsored content and advertising means that hopefully I can continue to grow this side income. I'm currently in the planning stages of my second. I've also got a book outline in the works too!

    I'm also working on passive income through dividend investing - in 2017 I received 654.06 and hoping to crack the 800 mark this year.

    Part of our early retirement plans are to be mortgage free - hence the diary on here. I need to refocus as our spends have been a bit lax as of late. Our mortgage currently stands at 90,000. I don't think we'll be moving any time soon, so we plod along with small OPs at the moment. We can make unlimited OPs without any penalties.

    We also have two small boys which will become more expensive over time, but hoping to not go overboard in indulging them! They both have a savings account too so we're starting to build up a lump sum for them to have when they each turn 18.

    As is in my sig, we are aiming to save/invest 306,000 so that we have enough money to spend between the ages of 50-67 when our pensions kick in. It seems like a big number, though I often worry that it isn't big enough. But, it's enough for now!

    So, here we go! I'm hoping that keeping a diary on here will help me crack the little expenses that add up which could be used in other areas.
    Last edited by slowlyfading; 11-04-2018 at 8:46 PM.
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / April NSD - 14 / Ultimate Dream Fund - 21,044.14/306,000
Page 1
    • beanielou
    • By beanielou 11th Apr 18, 8:47 PM
    • 52,878 Posts
    • 208,060 Thanks
    beanielou
    • #2
    • 11th Apr 18, 8:47 PM
    • #2
    • 11th Apr 18, 8:47 PM
    Happy new shiny FIRE diary
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • Knit Witch
    • By Knit Witch 11th Apr 18, 9:27 PM
    • 3,371 Posts
    • 30,833 Thanks
    Knit Witch
    • #3
    • 11th Apr 18, 9:27 PM
    • #3
    • 11th Apr 18, 9:27 PM
    Happy new diary!
    V3ry - 389.60
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 11th Apr 18, 11:54 PM
    • 1,225 Posts
    • 5,618 Thanks
    wishingthemortgaheaway
    • #4
    • 11th Apr 18, 11:54 PM
    • #4
    • 11th Apr 18, 11:54 PM


    Hope you don't mind me tagging along for your journey.
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1400ish/2,500
    • Kittenkirst
    • By Kittenkirst 12th Apr 18, 7:44 AM
    • 1,858 Posts
    • 10,002 Thanks
    Kittenkirst
    • #5
    • 12th Apr 18, 7:44 AM
    • #5
    • 12th Apr 18, 7:44 AM
    Ooooh what a fantastic target to have SF! Will be cheering you along on your way I'm sure
    2018 MFW #20 - OP 895.56/ 3000 30%
    Jan: 417.42 Feb: 260.14 Mar: 218

    Emergency fund 4K/ 6k
    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • Tropically
    • By Tropically 12th Apr 18, 8:12 AM
    • 243 Posts
    • 709 Thanks
    Tropically
    • #6
    • 12th Apr 18, 8:12 AM
    • #6
    • 12th Apr 18, 8:12 AM
    Hello! I remember you! I think I have looked at your blog too. Getting paid to save money and write about it. Sounds like the dream.
    Mortgage started at 318,000 in June 2016. Original MF - 2041
    2017 OPs: 7000/7000
    Mortgage in Nov 2017 - 297,808
    • Karmacat
    • By Karmacat 12th Apr 18, 10:14 AM
    • 29,004 Posts
    • 165,101 Thanks
    Karmacat
    • #7
    • 12th Apr 18, 10:14 AM
    • #7
    • 12th Apr 18, 10:14 AM
    FIRE rules! Great to see you lay it out like that, and I'm loving the re-focussing. Subscribing, of course
    Retired August 2016
    • JennyP
    • By JennyP 12th Apr 18, 12:29 PM
    • 857 Posts
    • 582 Thanks
    JennyP
    • #8
    • 12th Apr 18, 12:29 PM
    • #8
    • 12th Apr 18, 12:29 PM
    Happy shiny new diary!
    Have to admit I am rather jealous of you earning money from a blog and running online courses!
    Just looked up your blog and am looking forward to settling down for a good read this evening!
    • lixi
    • By lixi 12th Apr 18, 9:35 PM
    • 97 Posts
    • 50 Thanks
    lixi
    • #9
    • 12th Apr 18, 9:35 PM
    • #9
    • 12th Apr 18, 9:35 PM
    This sounds like a diary I need to follow! 2 small boys here too and one of the things on my hit list to do in the next few weeks is to move their money into a S&S ISA. I used to overpay our mortgage too but have a cracking rate now so looking at investments instead and hubs and I have just increased our pension contributions too. I follow a few FIRE pages and groups too.
    • slowlyfading
    • By slowlyfading 12th Apr 18, 9:42 PM
    • 12,917 Posts
    • 74,174 Thanks
    slowlyfading
    Happy new shiny FIRE diary
    Originally posted by beanielou
    Thanks beanie

    Happy new diary!
    Originally posted by Knit Witch
    Thanks!


    Hope you don't mind me tagging along for your journey.
    Originally posted by wishingthemortgaheaway
    Not at all - the more the merrier!
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / April NSD - 14 / Ultimate Dream Fund - 21,044.14/306,000
    • slowlyfading
    • By slowlyfading 12th Apr 18, 9:43 PM
    • 12,917 Posts
    • 74,174 Thanks
    slowlyfading
    Ooooh what a fantastic target to have SF! Will be cheering you along on your way I'm sure
    Originally posted by Kittenkirst
    Thank you

    Hello! I remember you! I think I have looked at your blog too. Getting paid to save money and write about it. Sounds like the dream.
    Originally posted by Tropically
    Thanks for reading my blog! And it has taken me a long time to get to the point where I can make a (tiny) bit of money from it

    FIRE rules! Great to see you lay it out like that, and I'm loving the re-focussing. Subscribing, of course
    Originally posted by Karmacat
    Thanks Karmacat
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / April NSD - 14 / Ultimate Dream Fund - 21,044.14/306,000
    • slowlyfading
    • By slowlyfading 12th Apr 18, 9:44 PM
    • 12,917 Posts
    • 74,174 Thanks
    slowlyfading
    Happy shiny new diary!
    Have to admit I am rather jealous of you earning money from a blog and running online courses!
    Just looked up your blog and am looking forward to settling down for a good read this evening!
    Originally posted by JennyP
    It has taken me a long time to get to the point where I make a (tiny) bit of income online, but am working on increasing this. And thanks for looking at my blog!

    This sounds like a diary I need to follow! 2 small boys here too and one of the things on my hit list to do in the next few weeks is to move their money into a S&S ISA. I used to overpay our mortgage too but have a cracking rate now so looking at investments instead and hubs and I have just increased our pension contributions too. I follow a few FIRE pages and groups too.
    Originally posted by lixi
    Ooh, we sound very similar!
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / April NSD - 14 / Ultimate Dream Fund - 21,044.14/306,000
    • slowlyfading
    • By slowlyfading 12th Apr 18, 9:46 PM
    • 12,917 Posts
    • 74,174 Thanks
    slowlyfading
    Well, thanks for the welcome!

    I feel like I need somewhere to keep my ideas and general ramblings together and this seemed like the best place. I don't know if I'll be able to get online each night to write anything, as DS2 is downstairs until around about 10pm at the moment so it's a case of juggling blogging, finances and here.

    Positives today:
    • NSD
    • 31 dividend payment received
    • Yummy food day


    I am slowly working on increasing income via different streams slowly but surely!

    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / April NSD - 14 / Ultimate Dream Fund - 21,044.14/306,000
    • slowlyfading
    • By slowlyfading 13th Apr 18, 9:25 PM
    • 12,917 Posts
    • 74,174 Thanks
    slowlyfading
    April 13th.

    We've had a lovely family day today. Quite lazy too; was in my dressing gown until 11am! But, sometimes it is needed. And it was chucking it down with rain so didn't want to go anywhere.

    Positive things today:
    - NSD
    - leftovers for lunch
    - freezer meal for tea - spag bol
    - watched more of The Killing

    Happy Friday
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / April NSD - 14 / Ultimate Dream Fund - 21,044.14/306,000
    • AlexLK
    • By AlexLK 14th Apr 18, 12:51 AM
    • 6,040 Posts
    • 31,920 Thanks
    AlexLK
    Happy new diary, SF. Thought you had disappeared altogether, so nice to see you back.

    Awful weather today here in Derbyshire too. It's meant to be nice next week ... typical as Mrs. K. and I are away.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
    • CathT
    • By CathT 14th Apr 18, 11:09 AM
    • 5,508 Posts
    • 38,460 Thanks
    CathT
    Hi SF, I thought I'd commented but can't see it.Welcome back, hope you're feeling well and positive. Will have to catch up with your blog.
    April 2018 -
    part 1 - 78,128
    part 2 - 45,507
    Total - 123,635
    • slowlyfading
    • By slowlyfading 14th Apr 18, 9:40 PM
    • 12,917 Posts
    • 74,174 Thanks
    slowlyfading
    Happy new diary, SF. Thought you had disappeared altogether, so nice to see you back.

    Awful weather today here in Derbyshire too. It's meant to be nice next week ... typical as Mrs. K. and I are away.
    Originally posted by AlexLK
    Where are you going?

    Hi SF, I thought I'd commented but can't see it.Welcome back, hope you're feeling well and positive. Will have to catch up with your blog.
    Originally posted by CathT
    Hello feeling better thanks, more determined
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / April NSD - 14 / Ultimate Dream Fund - 21,044.14/306,000
    • slowlyfading
    • By slowlyfading 14th Apr 18, 9:43 PM
    • 12,917 Posts
    • 74,174 Thanks
    slowlyfading
    April 14th.

    What a lovely day we've had we spent the day with my neighbour and her two children, so my two boys are absolutely shattered. DS1 has played for five hours non stop, and only stopped when we had to go home for tea. DS2 has gurgled and observed everyone all day, which apparently is equally as tiring

    Positives today:
    • NSD
    • Lovely neighbours
    • Sunshine!
    Happy Saturday

    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / April NSD - 14 / Ultimate Dream Fund - 21,044.14/306,000
    • taka
    • By taka 14th Apr 18, 10:20 PM
    • 3,166 Posts
    • 16,497 Thanks
    taka
    Happy new diary! Lovely to see you back with a shiny new diary!
    MFiT-4 no 30



    You can't fly with one foot on the ground!
    • AlexLK
    • By AlexLK 14th Apr 18, 11:19 PM
    • 6,040 Posts
    • 31,920 Thanks
    AlexLK
    Sounds like a good day. We've had a brilliant family day today too.

    We're going to Prague.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
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