The Investment Road to Freedom

February 8th, 2012 at 10:59 am

The First Post

in: Archive

The goal of this blog is to track my progress as I take the investment road to financial freedom. As I sit at my desk today I am a few months short of my 35th birthday and like a lot of people my age or older I wonder if, and not when I can retire. I wish I started this path in my 20’s but it is pointless to ponder over that. I start now so lets list my ultimate goals….

AGEFUND VALUEGOAL
AGEFUND VALUEGOAL
40$100KWorking full time
50$500KWorking full time or option of working part time
55$1MWorking Part time or retired
59$1.5MRetired

Now these goals may well change. Health and other unknown circumstances may alter the figures involved. Just looking at the table above those figures seem like a reachable target. Say for example if from age 20 to 50 I invested $500 a month and achieved a return of 12% a year that would give me just a little over $1.5M. I just wish I had done that!

So to reach my goal I have to take a look at what I have now. My Investment road to freedom fund will be made up of the following;

401K

IRA

Brokerage Account

Other Investments

I’m not a huge fan of my 401K as the investment options are very limited but my work offer a contribution match of 50% up to 6% of salary. I started contributing in 2011 and this year I am now eligible for the matching contribution which is paid twice a year (So I believe I will get my first payment in June or July).

Below is my current fund values

 

FUNDCURRENT VALUEAMOUNT ADDED EACH MONTH
FUNDCURRENT VALUEAMOUNT ADDED EACH MONTH
401K$1539.556% per paycheck (paid every 2 weeks)
IRA$855.84 Minimum $150 to $416 per month
Brokerage$898.07Minimum $150 per month
Other Investments$2198.52Whenever possible
TOTAL VALUE = $5491.98

Another goal is to pay of the new house way before retirement, which with the wife was purchased last summer. We currently owe $173323.73 paying $1284 a month with a rate of 4.875. My investment plan is centered around covered calls and dividend stocks.

 

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4
  • Matt @ Dividend Monk
    3:53 pm on February 14th, 2012 1

    Congrats on your decision to grow your wealth via investing, and good luck with your blogging experiences!

    -Matt from Dividend Monk

  • investmentroadtofreedom.com
    4:05 pm on February 14th, 2012 2

    Thanks Matt! Great article you did on Ford. They have been on my radar for a covered call play for a few months now

    Thanks
    Gareth from investmentroadtofreedom

  • jlcollinsnh
    8:50 pm on February 15th, 2012 3

    Hi Gareth….

    Congrats on the new blog and, even more, on the start of your financial journey. I look forward to following your story.

    Oh, and I’m honored to have made your blog roll!

  • investmentroadtofreedom.com
    8:13 am on February 16th, 2012 4

    Thanks Jim for stopping by. A truly excellent blog you have.