“Do what you love and the money will follow.” — Marsha Sinetar.
During my massive blogging break something magical happened to myself and Mr Fire. Something suddenly clicked with us about overpaying our mortgage. Myself and Mr Fire often talk about what random news google tells me I’d be interested in and for some reason we were discussing the interest rate on our mortgage. Mr Fire helpfully explained (possibly for the fifth time but using different analogies) that if we overpaid £5 a month off our mortgage then it isn’t actually just £5 a month that we reduce our total repayable amount by since it decreases the amount of interest we pay on the capital value (I may still have that wrong Mr Fire?…..)
The proverbial penny seemed to drop for both of us that we actually shouldn’t be waiting for the mythical £2,000 spare that we had envisioned for the future (that we actually cant get now thanks to me) but we should be aiming to put lots of little amounts together.
I have a lot to catch up on with this blog since my reselling has started and is actually going quite well. I’ll give a full update towards the end of the month but I managed to sell quite a lot of books, DVD’s, old consoles and CD’s using a combination of music magpie, CEX and a variety of other online places.
Some rather exciting news as well! I had my first Oddsmonkey affiliate link this month! I remember just a few months back I was desperate for someone to use it if only so I knew it worked! Oddly enough we aren’t actually sure if we are using the affiliate money for overpaying the mortgage! We have quite a few business ideas that we are looking at setting up so we are holding the money back for now whilst we see where these ideas lead. Sadly this is Octobers side hustle report so I cant include it…..
Here’s my October Side hustle income report:
So I’m currently selling off all our old things that we don’t use/want anymore. Once (If) I ever get rid of it all I’m hoping to turn this into a profitable little side hustle of buying and then reselling items I know I can make a profit on. First things first though – sell our old stuff! There is still a good few boxes left to be sold.
Mr Fire is doing really well at this! Unfortunately we came and went with this over the past few months so the money that we had allocated for this has dwindled down to a mere for hundred pounds. Reinvesting the profits is key now and we also want to make sure we use our Oddsmonkey subscription! I will be going back to posting our monthly updates next month!
I’ve already spilled the beans on next month!
I haven’t finished designing my fancy all singing all dancing over payment tracker (you know a pie chart in excel) but we did pay £105.86 off our mortgage in October!
How are you side hustles going?