My Million Dollar Experiment: Progress After 4 Months

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

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 learnt 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 to 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 really big. The challenge is really on now.

I will check in again over the summer and give you guys another update on my progress.