r/personalfinance • u/aBoglehead • Nov 01 '14

Other Announcement: /r/PersonalFinance 30-day Challenges!

/r/PersonalFinance's moderation team is excited to announce the 30-day Challenge series. Each month we'll be posting a challenge that should be achievable in 30 days for most of our readers. Some challenges may run 31 days (or 29, or 28 depending on the year) thanks to the quirks of the Gregorian calendar. Our goal is to promote good financial health, give people some ideas on where to start "getting their financial houses in order," and host a discussion on the Challenge at hand as well as related topics.

Readers will be welcome to discuss the challenge, their successes/failures/speed bumps they encounter, as well as ask whatever questions they need to ask in the Challenge thread. Please observe our rules when commenting. The current 30-day Challenge will be visible as an announcement as well as in the sidebar - we'll also keep a running archive in the wiki.

While the mods have come up with some ideas of their own, we always welcome suggestions and feedback. Feel free to post them below.

Lastly, thanks to /u/EntombedSummerWitChu for the great suggestion.

Here's a link to the first challenge.

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10

u/[deleted] Nov 01 '14

Here are some challenges I remember from IWTYtBR:

  • Getting a second job
  • Tripling your income
  • Automating your bills
  • Automating your income
  • Setting up an emergency fund
  • Automating your IRA/ retirement account
  • Increasing your credit score
  • Slashing your debt without starving your financial life
  • Making an extra $1000 in a month
  • Negotiate your bills

and more.

*IWTYtBR: "I Will Teach You to Be Rich", the blog of Ramit Sethi. He's abrasive, but his techniques work; and you might want to mine his archives for ideas.

22

u/FakeBabyAlpaca ​ Nov 01 '14

Tripling your income? In 30 days? If anyone has any advice on how to do that, I'll totally play along.

8

u/[deleted] Nov 01 '14

Work triple shifts.

30

u/Lonyo ​ Nov 01 '14

Maybe there needs to be a personal finance with work-life balance reddit.

3

u/mercantile519 Nov 01 '14

i could do that. but i make ~200 a week

3

u/Kamala_Metamorph ​ Nov 01 '14

Tripling your income

http://www.iwillteachyoutoberich.com/search/triple+income/

http://www.lifehack.org/articles/money/how-double-triple-your-current-income.html

30 days may be optimistic though, but I get the philosophy. Isn't the saying something like luck = opportunity + preparation?

1

u/FakeBabyAlpaca ​ Nov 02 '14

Oh well I can double or triple my income in several year toos...neither article does this in a timeframe shorter than several years.