Idea
Well I have kinda had a few moments over the past few months
where I hoped a lottery win wouldn’t be far away and that that my 9-5pm job
would be a thing of the past. Plus all the nagging I get from the missus.
We all do it from time to time....go on admit it.... Well
it got me wondering on how I could make the life a little bit easier and how I
could have some cash in my pocket.
Well it was easy....I needed to get rid of my mortgage.
To be honest I hadn’t made it easy for myself recently. I’d taken out a new
mortgage to buy a bigger house and in the meantime I remortgaged 11k out of my
other home to help finance it..... so the equity I have in my second home has now been reduced.
Painful I know.... as at the time of writing my total
debt on my second home is....well actually I don't quite know the exact figure at the time of writing this but it is around £135,000 + £11,400 of additional borrowing. ( I will amend exact figures when I know them) TOTAL = £146,400 (roughly)
I’m going to overpay the mortgage on my rented house, get
it paid off ASAP and use the rent from that house to live my life....the aim is
to pay it off as soon as possible to benefit either early retirement or to
spends some cash on the things I want to do.
So if anyone reading this has any extra ideas on how to make extra £££ to pay it off I would love to hear from you.
In the meantime I will be obtaining extra money from the following
- Change I find lying around the house.
- Cashback websites
- SuperMarket loyalty cards
- Matched Betting (then learning how to trade)
- Ebay
- Savings account cashback and interest
- money saved each month
and then anything else I can do to gain some extra pounds £££
I will also keep a diary as I begin this journey with a running total of money saved, which I will update on a monthly basis.
My first goal is to save enough money to be able to lay a large enough matched bet at Betfair. I should have £1000 roughly in my Betfair account.
Well the Journey starts here.......Hopefully its a successful one....wish me luck.
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