To inspire you to save and use your money more wisely, I am kick starting Round 2 of The $1,000 Project. You can following along with this project to pay down debt, save up for a particular item, start investing or even bring on an early retirement! The choice is yours and you create the rules!
My goal for The $1,000 Project is to get the dividend income up to $4,000 p.a. by October 2017. So far the portfolio generates a dividend income of $1,700 p.a. which is now being reinvested so that I can make the most of compounding interest opportunities. The passive income will go to another charity at the end of the challnege in 12 months time.
Also, everytime I do something to save money or earn extra money, I will take a photo and put it on my Instagram account @sugarmamma.tv and hashtag #the1000project (no $ sign). So if you are doing The $1,000 Project, I encourage you to share your ideas for saving money and help inspire others…so that we are working as a community. I will also try to regram your images where you have hashtagged #the1000kproject
Remeber, you don’t need to be bying shares and I am not recommending this as an investment to you but chasing this strategy for my goals for the challenge.
You can also check out my The $1000k Project Playlist!
SugarMamma.TV is all about educating, inspiring and empowering everyday people to create financial harmony, freedom and independence in your life. Bite sized videos, with quick and easy to understand tips, that you can apply straight away and see the results. SugarMamma.TV is a powerful movement making money and finance more approachable, energetic and enlightening.