Thanks to some friends on the Debt Free Fanatics Forum, there has been a recent influx of traffic. If any of you have questions or could use some help, feel free to leave a comment. If you’re playing along, feel free to share your progress, tips, etc. I can’t wait for someone to pass me by and get this game a bit more competitive. I share a monthly summary around the first of each month so you can compare and try to beat my first month, etc. if you enjoy that. I know several of you already know how to work Craigs List and Facebook yard sales, so you have a tremendous advantage. I hope you work it!!
I made it a goal to grow $5 over and over again 5% each time until I hit a million.* I didn’t really have a plan on how to do it. It was a game and it was fun. It’s pretty easy to find a quarter (that’s how much I needed the first time). I figured I’d find a way to actually increase it 5% “at a time” by finding my niche in buying and selling and that perhaps the game would continue. As each month went by, the desire (and the results) kept growing.
* Actually there is a secondary goal to build a system to make money perhaps by having enough capital to flip real estate.
So hit pause here.
That was over a year ago. I never found a plan. I never lost the goal. I kept finding money here and there and threw it in the “pot” (actually a savings account) every time. How much do you think would accumulate? Would it be percent growth or be pretty much the same each month? I wrote early on that if I didn’t figure out the selling part, it would pretty much level off. There might be a constant growth of say $200 a month. I reasoned I’d have maybe a couple of thousand dollars at the end of 12 months without selling or figuring out something to make the money grow apart from what i was finding and throwing in. //end pause
12 months later – I haven’t figured out the sell or get it to grow on its own part. All I have is the goal. I see that goal every day in writing. I work on the spreadsheets and blog about it almost every day. My master password has the goal embedded in it. So what was the result?
It grew from $5 to over $17,500 in 12 months. This is the 13th month and I’m now over $20,000.
It has to increase by 5% 80 more times before it turns into a million dollars. Mentally I push for 5% each month. Will it get easier as I have more cash to work with? I have no idea. I had no idea $5 could grow to be so much to begin with. Now I’m just along for the ride.
But – in a nutshell – that’s the power of a written goal. I wonder where it will take you?
I’m running around getting ready to leave, pop back in and then leave again. We’re done buying groceries so I’m going to go ahead and zero out the food two days ahead of schedule. That gives us a nice little power up today.
(photo by me looking at our pantry this morning)
Today’s Deposit: $37.75
Level Completed: 170 out of 251
Amount Deposited this month: $2,054.08
Total Balance: $20,129.54
Our Money Game fund has increased 11.4% so far this month.
$876.30 is needed to reach the next level