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Extra income ideas -
Try the $40 challenge

extra income ideas

When people want extra income ideas, they are often asked to spend hundreds if not thousands of dollars for 'the secret'. The $40-challenge is an answer to these sellers of secrets. The secret: it is actually all about you and what you are willing to do.

The challenge started out as a post on the Richdad community forums (the forum post can be found at here). What I am doing here is to gather all the income ideas mentioned to help you find the spark in yourself and inspire you to undertake this challenge. It is simple: all you need is $40 and the willingness to try something new.

The Challenge

Start with $40 and turn it into $400.

The Rules

  1. Start with $40 and only $40 (so basically anyone can do this).
  2. No additional money can be added except reinvested profits from the original $40.
  3. Any non-sweat equity resources used must come from the $40 (so you cant count on your computer unless you go to the public library to do this).
  4. Document and share your process.
  5. There is no time limit, it is for the challenge and educational purposes only.

So, there it is: a simple task that we can comprehend yet it challenges us to think just a little further and longer than what we might be used to. Are you up for it?

Examples of extra income ideas

Find below my review and discussions on some successfully implemented ideas and lessons learned from this thread and challenge (I again remind you that for the full picture you should visit the original thread at Richdad.com)

I hope these extra income ideas that other people have implemented will spark your own creativity and allow you to start earning some extra income on the side. If you want to start a web business, but you are not sure how to do it, try the free 30-day challenge for web based extra income ideas.







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