This is just my little blog to log achievements as I make my way through to the goal of financial stability.
I don’t want to talk about my goals to my friends because I don’t want to make them feel bad if I do well/feel sorry for me if I don’t. Also it’s a lot of maths lol.
The forums for FIRE are super nice, but not really the space for this. I just wanna mark achievements/post ideas in a little corner for myself.
My goal is to put myself in a position where I’m financially stable enough to pursue writing and only have to work part time (like 20-30 hours a week). I also want to pursue a master’s degree but that’s expensive lol.
My aim is to get on the property ladder, get my master’s degree, contribute enough to investment accounts while I’m young that I can ‘coast’ to retirement (not have to put anymore money in and just let the investments grow for when I’m older).
While I’m a student (age 20), I’m working two jobs, which means between 23-33 hours a week. Luckily I like both my jobs and my degree isn’t that intense (max 20 hours a week, and a lot of that is voluntary).
So far I’ve saved enough to max out my LISA this year, so that means I have £5000 in savings towards a house deposit. Hopefully I’ll be able to max out my LISA at least once more before the end of uni. Maybe even twice (but that would be some serious hustle lol).
The area I want to buy in is LCOL (low cost of living) so if I max out my LISA four times then I’ll have a 20 percent deposit. The only question is getting my income high enough that I could then get a mortgage for the rest. Is probably work as a teacher initially, which would more than cover the mortgage, but those jobs are hard to competitive in my area so we’ll see.
