Investing in 2014: To Be or Not To Be?

stock investingI’ve spent a lot of time thinking about 2014 and my financial goals for the year. To be completely honest, working as a self-employed individual (with two jobs) is really not easy. I do have some debt – much of it medical and part of it from a few marketing risks I’ve taken. Life when your income is inconsistent isn’t necessarily easy.

In looking at my financial goals, I did end up making a list of a few things I want to accomplish in 2014. The list is rather ambitious, but it gives me things to work towards. I’m not too ashamed to share the goals, so here they are:

  • Tackle tax obligations (I am currently on a payment plan)
  • Pay off all medical debt (might be the easiest thing I do)
  • Pay off at least 50% of other debts (there is some credit card debt, also in part due to medical debt; and partially from marketing)
  • Find finds to purchase a newer used vehicle (our used car is not as safe as it could be, and likely on its last legs)
  • Immediately begin saving funds for a new computer (mine shows serious signs of death in the hopefully distant future, but I need it to work from home)

These aren’t necessarily listed in order of importance, but I want to point something out. I did not, anywhere in my list of financial goals, prioritize saving for retirement or investing.

I’m feeling like that should be important, but I also feel like I don’t know enough about how to invest as an individual, self-employed person for it to really make a huge difference in the plans I have for right here, right now.

I am thinking I should think along a broader line. My short-term goals are the above; whereas my long-term goals are to invest. That means my mid-range goal is to learn.

Great. So how will I learn about investing? I’ve got a few options. First, I have a great accountant who has referred me to a few resources. I’ve also read about Bulls on Wall Street and a couple of other organizations that offer training for those who are interested in investing. I have often looked at investing as more than a retirement module, and may be interested in looking at it aggressively in the future. There are also dozens of books and websites on the subject. So 2014, in terms of investing, is all about learning.

Fair enough?

What are your financial goals for 2014? Be honest. We’re all human. We’ve all made mistakes (are making them, will make them, whatever). What are you going to do to move your life to the next level?


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