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RE: Early Retirement Extreme Update: On track to quit work this August, and fully retire by 2022....
I’ve only just found this blog thanks to @heymattsokol
I have looked at retire early extreme type of things before but I just don’t have the discipline to save such a high portion of my income. I am going for a middle road where I’m aiming for retiring at 50 ish, or at least becoming financially independent enough to work as and when I choose.
One thing to watch out for is your mortgage. Rates are increasing and you will struggle to remortgage without proof of income. I am a self employed contractor and needed to use a specialised broker.
Looking forward to more on this. Resteemed and following!
Even if you save 20% of your income you'll take out having to work post-60, which is still early!
As to the re-mortgaging - tell me about it - if I don't sell my flat (which just isn't happening right now) and then buy by September, when I quit my job, I won't be able to remortgage, although TBH I quite like the idea of being forced into a situation where I just have to buy somewhere outright with the equity I'll have in the bank... somewhere North or West that'd have to be.
Or I might even emigrate.
I’m looking at emigrating also but that a whole new set of expenses and unknowns.
I am self employed and use a contractor mortgage broker. They assess your income etc rather than just your job. I can give you details if you need them!