Start Date: April 1, 2020
If you’re here with the goal of making $1,000,000 in 30 days on this Challenge, think again! Nope, this Challenge offers a step-by-step strategy that you can follow to craft a personalized Plan that will become your beacon to a net worth of $1,000,000. A million dollars isn’t what it used to be, but it’s still a nice sum of money. And it’s an achievable goal. Now it might take 3 years or 30 years for you to hit that mark, depending on your income, expenses, health, and luck, but it CAN be done! And while there’s no magic behind the $1,000,000 goal, the act of planning and making conscious decisions and smart moves to grow your net worth will entrench lifelong habits that lead you to financial freedom.
Time and time again we see lottery winners, star athletes, and billionaires fall into debt and struggle with life. And we know that money can’t buy happiness. In fact, the latest research shows that there’s a threshold at which your income level no longer brings happiness – and that’s $75,000. So why focus on building a net worth of $1,000,000 if it will just lead to despair? Well, it turns out that it’s HOW you spend the money that’s the secret to happiness. Spend it on yourself and you won’t be nearly as happy as if you spend it on others. So once you reach millionaire status, give back to create a happier and more fulfilling life (watch Michael Norton’s TED talk on How to Buy Happiness).
That’s a great question! So for this Challenge, I’ve asked the most popular personal finance bloggers in the country to share their BEST advice, their worst MISTAKE, and their all-time FAVORITE blog post. You’ll be treated to a variety of perspectives that may just lead to new ideas on how you can move forward with your dreams. Trust me…you’ll enjoy reading responses from finance celebrities like J.D. Roth of Get Rich Slowly, the Financial Samurai, Paula Pant of Afford Anything, and J. Money of Budgets are Sexy fame. You can read a recap of their responses in Million Dollar Advice from 15 Personal Finance Bloggers.
The good news is that you don’t need money! But this Challenge demands that you do a bit of homework. You’ll start by listing your assets and liabilities. And you know what…it’s okay if you’re starting out with nothing but debt to your name. Logistically, you can complete this Challenge with the provided Internet resources, Excel spreadsheets, and Word. But there are a plenty of tools available online that you can tap into for this Challenge and beyond. Here are some of my favorites:
Sure thing! As part of this Challenge, you’ll be creating a personalized document called My Millionaire Plan. It's provided here as a FREE Resource.
I hope you stick around for the entire 30 days, but sometimes “life happens.” You can opt out of the Million-Dollar Challenge any time you like – every email includes an ‘Unsubscribe’ link.
You can sign up for our FREE Challenge until midnight, April 1. If you miss the deadline or you prefer to take the Challenge on your own time, the Kindle version is available for purchase.
Start Date: April 1, 2020