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?


  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!

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


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