Jessica from Life As I See It emailed me about a challenge she is doing with her husband this year:
Several weeks ago I was thinking about ways to earn a bit of extra money and I had an idea – what if Paul and I each started with a small amount of money and used it to make even more money over the course of a year.
From this idea our Twenty Dollar Bill Challenge was born.
The challenge is simply this – we each get one $20 bill and at the end of the year the person who has made the most money wins.
Wins what we haven’t yet decided. But the satisfaction of beating the other person would be pretty great on its own. We’re each others biggest cheerleaders but we enjoy a good challenge between us too.
We’ve made a few simple rules to keep ourselves on target:
– We are able to sell personal items but we’ll still check with each other to make sure the other person doesn’t mind the item that’s being sold.
– We can’t ‘borrow’ money to invest in another project if our current funds are all tied up in a current project.
Those are the simple rules we have made up – if other issues arise along the way we’ll sit down and see if we need to add to the rules, but the point of this is to challenge ourselves to think outside the box and see if we can keep investing money in projects and make a larger return.
Jessica and Paul have already invested their money in some pretty creative ways. Read more here.
Have you ever held a challenge related to money in your home or with your friends? I’d love to hear more about it!