Monday, April 16, 2012

Money Making Challenge




On my other blog I have started a moneymaking challenge where you start with nothing and eventually have a whole lot more. It might sound silly, but I really think it is doable. You start out by finding money, so looking for it on the street and things for a few weeks to a month, then do what you can to double that money.

I found more than most of my readers, which was not intentional. I started with over $20 and so far have managed to spend $4.95 and turn that into $13, which I am pretty happy with. The aim is to double your money each time. So if you found $1, do something to turn it into $2, then that $2 into $4 and so on.

Obviously the higher you go, the harder it gets, but I do think it is possible and there are lots of opportunities and things out there. You just need to set your mind to it and the opportunities will flow.

I decided for the smaller amounts my best bet is probably buying things to resell so that is what I have been doing. I got a few items of brand name kids clothes from a second hand store, washed them and listed them for sale on Facebook. I love selling on Facebook because it is free and so much quicker than eBay.

I joined a garage sale group on Facebook in my area and it has been fantastic not just for selling but for finding things we have wanted for our home for very cheap.

I think the hardest part about this money making challenge will be not spending the money. So far, most of the money I have made throughout my journey to become a millionaire ended up getting spent last year when we had pretty much no work and high expenses. I am grateful I had that money to fall back on, but it feels like I am starting from scratch in a way, but at the same time it feels like I have just been setting the groundwork for the past 2.5 years and now things will flourish.

On the one hand I may not be that close to my millionaire goal, but I now have more income streams and opportunities, so it has been worth it.

So are you interested in joining in the money making challenge on my other blog?

2 comments :

  1. Good luck on your challenge !I'm sure you'll rock it. I won't be joining in this round because .. well, I'm lazy this month. But maybe one day soon!

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  2. This is a great challenge, I hope I can apply it to my weekly pay and double that :)

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