On January 1st, 2021, I joined over 1800 people in a mindset and intuition social experiment to see if it is possible to make a million dollars in one year.
When I started My Million Dollar experiment, I promised that I would keep you all posted on my progress, so as I am now embarking on my fifth month of the challenge, an update is a little overdue.
Developing A Positive Money Mindset
Your money mindset drives every financial decision in life. Ultimately it determines whether you have a life of lack or a life of abundance.
Although I have some belief in the law of attraction and manifestation, I didn’t really understand the importance of a positive mindset until I started my entrepreneurial journey last year.
I’ve come to realise that I have always had an unhealthy relationship with money. The uncomfortable truth is that I have never gone any length of time without some kind of debt.
I wasn’t brought up in a wealthy household. My mum and dad always provided for me, but as I got older I learned how hard it was for them over the years.
Alongside that, I always felt less than. Years and years of bullying, bad relationships, and feeling very different from the rest of my family had me regularly questioning my worth. I was just always thinking that I would never have or be deserving of wealth or my dreams.
By starting this experiment, I have begun to learn just how connected my self-esteem, confidence, and hang-ups about what I deserve in life have been to my financial status.
It’s been a big step forward for me, and positive things have been happening as a result
Playful Curiosity
One of the main themes of this experiment has been to approach it with playful curiosity.
Generating a million dollars in a year from scratch is a big undertaking, but it is supposed to be fun. It is a chance to try different things that I have never done before.
So, I have been diversifying my income streams and experimenting to see what works and what doesn’t.
For the first time in my life, I am taking some risks financially that I never would have done before.
Ways To Make The Money
Investments
I began buying Bitcoin at the start of January, and buy a little more every month. I buy when the rate drops and I hold when it rises.
I started it with Mogo because they give you $10 free money to get you started.
I have also finally started investing in the stock market which is something I have been curious about for a while. It’s been a smart move so far, and I have made a small return on my investment.
Online Surveys & Cashback Sites
For some of the early steps in the 20-step million-dollar plan, I completed online surveys. I have also been using cash-back sites, and discovering gift cards that I could use for purchases including $200+ in gift cards that went towards my new MacBook Air.
Online Businesses
Alongside my 9-5, I have got my mojo back with regards to my blog, and my Virtual Assistant services business after a much-needed break. I have set some big goals for the rest of the year, and I am excited about building these side hustles into full-time incomes. My productivity has improved, and I am taking on more clients for virtual assistant, marketing, and content services.
Financial Progress
All this experimenting has meant that I have made some strides with the 20-step million-dollar plan. The concept is very simple: If you start with a dollar and double it 20 times you end up with $1,048,576. The further along you get the harder the steps will get, and that is where a positive mindset of abundance will be vital.
I reached step 14 ($16,384) this week so I need to generate $16,384 to reach the next step, and then the steps start getting big. The challenge is really on now.
I will check in again over the summer and give you guys another update on my progress.
In the meantime, if you would like to join in on the fun, you can download my free million-dollar year dashboard in the freebie library. Let me know if you join in so that we can support each other!
Become A Millionaire Resources
Podcasts:
Into The LightWeb, Joanna Hunter (iTunes)
Into The LightWeb, Joanna Hunter (Spotify)
Books To Read:
My Million Dollar Experiment, Joanna Hunter
Everyday Millionaires: How Ordinary People Built Extraordinary Wealth, Chris Hogan
Read More Money Tips
- 40 Positive Money Affirmations To Manifest More Money For Your Travels
- 9 Ways You Can Invest In Yourself As A Woman
- How To Manifest More Money In 21 Days
- How To Heal Your Money Blocks To Attract More Money
- My Million Dollar Experiment: My Results In 12 Months
- How To Develop an Abundance Mindset
- My Million Dollar Experiment: Progress After 4 Months
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Gemma Lawrence is the creator of This Brits Life. Born and raised in England, she has been living in British Columbia, Canada as a permanent resident since 2016. A solo traveler for the past 9 years, she hopes to inspire and help others to enjoy solo adventures too. As someone who has always struggled with her self-confidence and mental health, she also shares tips and inspirational stories relating to self-love, self-care, and mental health.
I really like this post! One of the first money lessons my Dad taught me is about interest, but as a 7 or 8 year old, he phrased it more as ‘think about things and how they change over time.’ He asked me if I’d rather have $1 a day or 0.01 on day one, and each day I get double of what I have. The fact that it adds up quickly is so crazy to think about!
https://thenutmegdiaries.com
Hey Alison, so pleased that you enjoyed this. That’s so great that your dad taught you about money so young. I didn’t really learn about interest (or how to save) until adult years and its still something I’m learning. It is crazy that it can add up so quickly, although these last few steps of the experiment do feel like a big mountain to climb.