The Investment Road to Freedom

March 12th, 2014 at 8:10 pm

2014 Goals

in: Goals

Ok these are a little late as I have been on a bit of a blogging break lately. 2013 was a big year in which I reached my total fund target of $25,000. It was super close as I only beat it by 6 dollars!

  • Reach $40,000 total fund value

I ended 2013 at $25,006.21 which was a great feeling to have made my goal. This year I’m setting the bar $15k higher. I’ll be 37 next month and these are the years I need to work hard at saving and getting results. Out all my goals I will be most disappointed if I don’t meet this one.

  • Receive $432 or 10% ROI income in Roth IRA

Pretty simple one. I started the year with $4324 in my Roth IRA. This goal will be challenging as the funds in this account are low and my means of income is covered calls, dividends, capital gains and interest.

  • Receive $728 or 10% ROI income in Taxable Account

Same as the Roth IRA though I also do cash secured puts in this account. I started the year with $7284.

  • Receive $1000 in credit card rewards

I like this one as I get rewarded for spending money on everyday items. I have one card that carries a balance with zero interest. I probably should just get this one paid off to get it out of the way. My other cards which I use for everyday use are Amex Starwood, Amex Blue Cash Preferred, Amex Costco and Wells Fargo Visa. These 4 cards never have a balance. The Starwood card has a $65 annual fee, the blue cash preferred a $75 fee and the Costco one comes free with my Costco membership. The Blue cash preferred gets me 6% back at the grocery store and I also use it to buy Petsmart, Amazon and other gift cards so I get 6% on those. Last year I made $828 in rewards.

  • Receive $4 a month interest in Lending Club

I opened my Lending Club account last April and I will admit I was not overly confident. I decided to put $25 a month to it and would see how it goes. So far I’m happy. Last month I made a whopping $1.68 in interest so have quite a bit to go to get to $4 a month.

  • Pay off credit cards ($3435 as of March 2014)

Enough said on this one

  • Save $10,000 for the year

Last year I failed in my goal of saving $12000 for the year as I only reached $9486.14. This year I’m lowering my goal to what I think is an achievable $10k.

  • Reach $85,000 net-worth

If the housing market stays strong I think I can reach this.

  • Richie
    7:02 pm on March 16th, 2014 1

    Hey. How’s it going? I found your website through dividend mantra. I’ll be following you. I like to follow established dividend investors and others that are starting out on their journey. It’s all about getting support and motivation from the others to get to where we all want to be. Good luck to us on our journeys.

    5:35 am on March 17th, 2014 2

    Hi Richie, Thank you for the support. You have a nice site over there. I saw under your plan that Sharebuilder has discounts for Costco users. I’ll have to check that out. I have a sharebuilder account but have never used it.

    I look forward to following your journey. Thanks for stopping by!