Tuesday, 20 March 2007
Challenge rules
I've set my target at £5000.
That is equivalent to around $10,000 USD. The target is for extra income, over a 90 day period. I already have an extra income in the form of a Network Marketing business so I've decided on some specific rules regarding what does and does not count toward that target.
Rules for the 90 day challenge
1. I must attempt to acquire a minimum of £5000 extra income in 90 days.
2. The regular income from my web design business does not count. However, if I take on extra web design work which I would not otherwise have done (outside of the challenge) that would count.
3. Only increased income from my network marketing business will count. I will use my previous highest monthly income from my Networking activities as a base, only earnings over and above that level will count.
4. Money which comes to me unexpectedly, for example if I win or am given money, will count. However any winnings from gambling (including lottery winnings) do not count (I don't play the lottery anyway so that point is purely academic).
5. No more rules! So long as everything I do is legal and ethical it will count. I could do with clearing out the garage so I guess selling a few bits on eBay will count, I guess busking would count if I wanted to... it's up to my imagination now.
I've also decided on a start date of 23rd March which is this coming Friday. That means the final day of the challenge will be 20th June which is the day before my birthday. That gives me a couple of days to think and plan before the challenge starts, but any money I make before Friday will not count.
So there we have it. Can I make £5000 extra cash in 90 days? Will I have a double celebration on 21st June? I'll use this blog to chart my progress and pass on any tips I find along the way... Let the challenge commence!
That is equivalent to around $10,000 USD. The target is for extra income, over a 90 day period. I already have an extra income in the form of a Network Marketing business so I've decided on some specific rules regarding what does and does not count toward that target.
Rules for the 90 day challenge
1. I must attempt to acquire a minimum of £5000 extra income in 90 days.
2. The regular income from my web design business does not count. However, if I take on extra web design work which I would not otherwise have done (outside of the challenge) that would count.
3. Only increased income from my network marketing business will count. I will use my previous highest monthly income from my Networking activities as a base, only earnings over and above that level will count.
4. Money which comes to me unexpectedly, for example if I win or am given money, will count. However any winnings from gambling (including lottery winnings) do not count (I don't play the lottery anyway so that point is purely academic).
5. No more rules! So long as everything I do is legal and ethical it will count. I could do with clearing out the garage so I guess selling a few bits on eBay will count, I guess busking would count if I wanted to... it's up to my imagination now.
I've also decided on a start date of 23rd March which is this coming Friday. That means the final day of the challenge will be 20th June which is the day before my birthday. That gives me a couple of days to think and plan before the challenge starts, but any money I make before Friday will not count.
So there we have it. Can I make £5000 extra cash in 90 days? Will I have a double celebration on 21st June? I'll use this blog to chart my progress and pass on any tips I find along the way... Let the challenge commence!
Labels: challenge, game, rules
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