Resolve to Earn More: 52-Week Making Money Challenge
There’s a good chance that you’re aware of the 52 Week Money Challenge. This is the challenge where you attempt to save the dollar amount that corresponds to the week of the year. By doing this, you’ll end up saving $1,368 at the end of the year. While this challenge is a great way to get you to save money, what if you’re in a situation where you’re not looking to save money, but looking for ways to make money. With that thought in mind, there’s an alternative way to approach this challenge for those who have a desire to increase their income streams during the year. This can be done with the 52 Week Making Money Challenge.
How Do You Do The 52 Week Making Money Challenge?
The basics for the 52 Week Making Money Challenge are similar to the 52 Week Money Challenge. Each week of the year corresponds to the number of dollars for that week. For example, week one is $1, week two is $2, week five is $5, week ten is $10 and week fifty is $50. The main difference is that instead of saving this amount each week, you are attempting to earn that amount by creating a new revenue source. See the chart below.
While the difference between saving money and creating a new income source for the money may not seem like a big difference since both will net you the same amount at the end of the year. In actuality, there’s a significant difference between the two and a key benefit to opting for the making money challenge. If successful, there’s a good chance that the income streams your create during the year will continue to bring in money (and even continue to increase) after the year is over. This will hopefully mean you’ve created a new ongoing source of income going forward, or at a minimum, a number of ways you know you can make money if you need to make more in the future. This is something that’s much less likely to happen if you are concentrating on saving money.
How to Earn More Money
If you already have a list of making money ideas in your head, you’re ready to go and tackle the challenge. If you’re not sure how you can make extra money or just want a few more ideas on how you may be able to generate more income, you can use a random make money generator to activate your side hustle creativity. Spending a bit of time looking at alternative ways you can create more income should help you find a few that best suit you that you can concentrate on during the year.
There are actually a number of different ways to approach this challenge. One way is you can decide to concentrate on a single way to make money for the entire year. You spend all your time working on this one new way to make money trying to grow the income by an additional dollar each week.
An alternative plan is to try to make the money by any means necessary. This means you may try a number of different ways to create additional income throughout the year, and even possibly each week. You can then use the combined income from all the ideas to try and reach the weekly money-making goals.
A third option is a combination of the two. You can concentrate mainly on a single way to create money but also do smaller side hustles as well to make sure you hit the weekly income goals.
One way isn’t a better approach to the challenge than the others. Use your creativity to come up with a strategy that best fits you and the way you like to work making money. An important factor to consider is your enjoyment of the challenge. You’ll be doing the income creating activities for a year and if they are successful, likely much longer than that. You won’t be able to sustain a passion and continue to make money with them if you don’t enjoy what you’re doing. Take the time to carefully consider options that not only help you increase your income, but also will be enjoyable to do.
- Save $668 Effortlessly With the 365 Day Money Challenge
- 12-Week Savings Challenge
- The Original 52 Week Money Challenge
- Save $500 With the 30 Day Money Challenge