The Million Dollar Challenge RESULTS

These challengers who took on this Million Dollar Challenge have AMAZED and INSPIRED us all throughout the year. There were 50 challengers who began this challenge but only about 20 who consistently participated in the challenge. You will be SHOCKED what this small group of determined individuals accomplished in only 12 months!

The Challengers

The majority of challengers are married and in their 20’s and 30’s. Most challengers started their financial journey within the past year and have a household income below $50,000 and a net worth below $50,000. If you are interested in learning more about the challengers, please check out “Meet the Challengers.”

November & December Update

Debt Paid Off

November: The challengers paid off…$18,590.87!!! WOW! Well done!!!

December: The challengers paid off…$15,003.18!!! We have some AMAZING debt slayers in this group… many of you are knocking on debt freedom’s door! 🙂

We have paid off an UNBELIEVABLE amount of debt!

Total Debt Paid in 2016: $386,247.01

Think about that for a minute. We have eliminated 386 THOUSAND DOLLARS in debt. Never EVER to be in our life again. CONGRATS!

Also, a HUGE Congratulations to the handful of people who became DEBT FREE during this challenge. I believe there were FIVE of us who became Debt Free in 2016!!! YAY!!! 🙂

 

Savings

November: The challengers saved… $39,790.29!!! That is an average of $2849 per person. WOW!!!

December: The challengers saved… $45,018.41!!! What??? With the Holidays??? IMPRESSIVE! You all are ROCK STARS!

Total Savings in 2016: $390,858.29

AMAZING, we saved just shy of 400 THOUSAND DOLLARS!!! I am floored! We are changing our family trees! Keep up your amazing savings! I can not wait to hear about all your financial achievements in the future.

 

 

 

Investments

November: The challengers invested… $30,924.56! WOW!!! CONGRATS!

December: The challengers invested… $34,958.35! What an INCREDIBLE investing month!

Total Investments in 2016: $304,202.85

IMPRESSIVE! I hear early retirement calling A LOT of you challengers!!! CONGRATS!

 

 

Total Progress for November: $85,718.03!!!

Total Progress for October: $98,567.63!!!

CONGRATS on TWO INSPIRING months!!!

 

 

Total Progress in 2016… Drum Roll Please…

 $1,081,308.15!!!

A small group of us have changed our finances by more than ONE MILLION DOLLARS! Can you believe it? I’m in shock. Congratulations to all of you! You have remained focused and have worked so hard. I am HONORED to be part of these AMAZING challengers! THANK YOU for motivating and inspiring us all this year!

 

 

$100 Amazon Gift Card WINNER

We have a WINNER to announce too… The winner of the $100 Amazon Gift Card is Jen RN. CONGRATS!!! You have been emailed, please respond to the email to claim your prize! 🙂

 

The Million Dollar Challenge – September & October 2016

These AMAZING challengers leave me inspired EVERY month. Here I am, struggling HARD CORE to get back on a budget and push ourselves financially and you all are rocking your finances! You all are INCREDIBLE!

Can you believe only TWO months left of the challenge??? How crazy!!!

The Challengers

The majority of challengers are married and in their 20’s and 30’s. Most challengers started their financial journey within the past year and have a household income below $50,000 and a net worth below $50,000. If you are interested in learning more about the challengers, please check out “Meet the Challengers.”

Getting to Know the Challengers Question:

What have you personally benefited from participating in the $1,000,000 Challenge?

  • Accountability… We declared Debt FREEDOM!!!
  • We fall off the wagon but it makes us keep coming back
  • More focus on my finances
  • I love the motivation, it helps keep me going
  • I love the community. Sometimes, it makes me feel bad for doing so little
  • Just getting to brag on progress helps keep us motivated to go above and beyond!
  • Better control of my money
  • A monthly reminder of my priorities!
  • Accountability
  • Keeping track of our debt dropping – watching it carefully has kept us from getting into more debt and has motivated us to pay things down faster
  • This is year #2 for me participating in the $1,000,000 challenge. I have developed the discipline of updating my net worth each month, paying down my mortgage as quickly as possible, and increasing my % contribution to company’s 401K plan. It gives me a sense of peace to know exactly where I am financially. Last year I had my right knee replaced and it cost $14K when lost income is factored in. I just had my left knee replaced in September and estimate it will cost $18K since the new health insurance has a higher deductible. I’m able to afford both surgeries thanks to having money saved. I am deeply appreciative that you started this challenge Nichole (Too Sweet of You! Hope you are on the mend and feeling much better from your surgery! Wishing you the very best! -Nichole)
  • Seeing progress and helping keep focused
  • It helps me be more accountable. I’m more motivated to save money and it helps remind me to invest more.

 

 

September & October Update

Debt Paid Off

September: There were 19 challengers who reported financial progress this month, 12 of those who paid off debt. Those 12 people, paid off…$20,190.19!!! That is an average of $1682/person! WOW! Well done!!!

October: There were 17 challengers who reported financial progress this month, 14 of those who paid off debt. Those 14 people, paid off…$21,429.35!!! That is an average of $1530/person! We have some INCREDIBLE debt slayers in this group… many of you are knocking on debt freedom’s door and I can NOT wait to celebrate with you! 🙂

We have paid off an UNBELIEVABLE amount of debt! Take a minute to think about the impressive figure below. Our small group has paid off more than $350,000!!! In most of America, this buys a really, REALLY nice home. WOW!

Total Debt Paid in 2016: $352,652.95

 

image-19

Savings

September: There were 13 challengers who reported saving towards an emergency fund, vacation fund, or some other large purchase. Those 16 people, saved… $37,043.03!!! That is an average of $2849 per person. WOW!!! I’m sensing there were some bonuses in there or something because that is many people’s take home pay.

October: There were 9 challengers who reported saving towards an emergency fund, vacation fund, or some other large purchase. Those 16 people, saved… $10,591.73!!! That is an average of $1177 per person. Impressive!!!

Total Savings in 2016: $306,049.59

Wow, we have saved more than $300,000 and paid off more than $350,000… we are definitely NOT your average broke American. YAY for us! So proud of this group.

image-20

 

 

Investments

September: There were 15 challengers who reported investing towards retirement, children’s college education, or other investment accounts. Those 15 people, invested… $37,405.39! WOW!!! A few of you had some impressive investing this month! CONGRATS!

October: There were 13 challengers who reported investing towards retirement, children’s college education, or other investment accounts. Those 13 people, invested… $10,568.58! 

Total Investments in 2016: $238,339.94

image-21

 

Total Progress for September: $94,638.61!!!

Total Progress for October: $42,589.66!!!

CONGRATS on TWO incredible months!!!

image-22

 

Total Progress in 2016: $897,042.48!!!

A small group of us have changed our finances by just shy of ONE MILLION DOLLARS! Can you believe it? I’m in shock. It looks like we may just conquer this challenge once and for all. I’m in awe! Keep pushing to the finish line fellow challengers!

Congrats to all of you for your continued hard work and determination. You all inspire me to push harder and achieve more. THANK YOU!!!

Facebook Group The $1000000 Challenge

Facebook

If you are a challenger or planning to become a challenger we would love for you to join our Facebook Community that is solely dedicated to The $1,000,000 Challenge. You will find inspiration and encouragement from your fellow challengers. Inspiring and informative articles. I also post “Questions of the Week” which if you answer, provides extra entries into the $100 Amazon Gift Card Giveaway!




$100 Amazon Gift Card GIVEAWAY






You May Also Enjoy:

Emergency FundCalculate Your Debt Free DateHow Investing Small Amounts of Cash can Pay Of in RetirementHow to Spend Your Tax Refund Wisely

The Million Dollar Challenge – August 2016

These AMAZING challengers leave me inspired EVERY month. Truly incredible… unbelievable financial progress! CONGRATS!!!

Can you believe we are three quarters done with this million dollar challenge? This year has flown by but I’m so thrilled we are making this year our year to dramatically change our finances. As well as inspire others along our journey!

 

 

If you would like to join the sixty courageous challengers who have taken on this challenge. Please Join HERE!

The Challengers

The majority of challengers are married and in their 20’s and 30’s. Most challengers started their financial journey within the past year and have a household income below $50,000 and a net worth below $50,000. If you are interested in learning more about the challengers, please check out “Meet the Challengers.”

August’s Getting to Know the Challengers Question:

Will you meet your personal goal regarding your financial progress by the end of the challenge?

image-18

 

August Update

Debt Paid Off

There were 20 challengers who reported financial progress this month, 16 of those who paid off debt. Those 16 people, paid off…$23,222.83!!! Well done all you debt slayers! That is an average of $1450/person!

We have paid off an UNBELIEVABLE amount of debt! Do you think we will we pay off half of a MILLION dollars by the end of the year?

Total Debt Paid in 2016: $311,033.41

WOW!!! 🙂

image-14

 

Savings

There were 16 challengers who reported saving towards an emergency fund, vacation fund, or some other large purchase. Those 16 people, saved… $39,399.58!!! That is an average of $2462 per person. Super Savers!!!

Total Savings in 2016: $258,414.83

image-15

Investments

There were 15 challengers who reported investing towards retirement, children’s college education, or other investment accounts. Those 15 people, invested… $39,502.78! 

Total Investments in 2016: $190,365.97

image-16

Total Progress for August: $102,125.19!!!

CONGRATS on an incredible August!!!

image-17

 

Total Progress in 2016: $759,794.22!!!

A small group of us who are determined to change our finances have done just that in epic proportion… THREE QUARTERS OF A MILLION DOLLARS! INCREDIBLE! We are on track to hit our $1,000,000 goal. We need to finish strong! Best of luck!

Congrats to all of you for your continued hard work and determination. You all inspire me to push harder and achieve more. THANK YOU!!!

Facebook Group The $1000000 Challenge

Facebook

If you are a challenger or planning to become a challenger we would love for you to join our Facebook Community that is solely dedicated to The $1,000,000 Challenge. You will find inspiration and encouragement from your fellow challengers. Inspiring and informative articles. I also post “Questions of the Week” which if you answer, provides extra entries into the $100 Amazon Gift Card Giveaway!

2016 Million Dollar Challenge

The $1,000,000 Challenge of 2016

Are you inspired by the INCREDIBLE progress of these challengers? Are you ready to be the one who improves your finances by $10,000, $20,000 or do I dare say $50,000???

Are you ready to dramatically change your finances? If you are ready to join the challenge that will push you to PAY OFF MORE DEBT, SAVE MORE, and INVEST MORE than you EVER thought possible. I encourage you to make 2016 YOUR YEAR and Join The $1,000,000 Challenge TODAY! Plus this year, there is a $100 Amazon Gift Card up for grabs!




$100 Amazon Gift Card GIVEAWAY

 


You May Also Enjoy:

Emergency FundCalculate Your Debt Free DateHow Investing Small Amounts of Cash can Pay Of in RetirementHow to Spend Your Tax Refund Wisely

The $1,000,000 Challenge. Join us in Paying Off, Saving and Investing ONE MILLION DOLLARS!

The Million Dollar Challenge – July 2016

I am SOOOO sorry for the unbelievable delay of this post… moving OVER 7,000 miles is just pure CRAZINESS!!! We finally are in our Hawaiian home and are starting to get settled. Hopefully this means you will be hearing from me a little more frequently. 🙂

***Several of you caught that I provided the wrong survey link last month. I accidently re-gave you June’s linke. So sorry about that but I did include everybody’s progress 🙂 ***

I have sooo much to share and I hope to have the chance in the next few weeks! From the disaster of our PCS budgeting, to visiting our family for 3 weeks, to the delicious DEBT FREE cake my brother-in-law made for us to celebrate our new found FREEDOM, to our little guy’s first time at the beach and so much more!

beach

If you would like to join the sixty courageous challengers who have taken on this challenge. Please Join HERE!

The Challengers

The majority of challengers are married and in their 20’s and 30’s. Most challengers started their financial journey within the past year and have a household income below $50,000 and a net worth below $50,000. If you are interested in learning more about the challengers, please check out “Meet the Challengers.”

July’s Getting to Know the Challengers Question:

When do You Begin Saving for Christmas?

image (13)

July Update

Debt Paid Off

There were 13 challengers who reported financial progress this month, 13 of those who paid off debt. Those 13 people, paid off…$20,420.33!!! Well done all you debt slayers!!! Keep up the amazing work! That is an average of $1570/person!

We have paid off an UNBELIEVABLE amount of debt! CONGRATS Challengers! Do you think we will we pay off half of a MILLION dollars by the end of the year?

Total Debt Paid in 2016: $287,810.58

image (9)

Savings

There were 14 challengers who reported saving towards an emergency fund, vacation fund, or some other large purchase. Those 14 people, saved… $40,139.84!!! That is an average of $2867 per person. WOW!!!

Total Savings in 2016: $219,015.25

 

 

 

 

Investments

There were 14 challengers who reported investing towards retirement, children’s college education, or other investment accounts. Those 14 people, invested… $30,734.78! 

Total Investments in 2016: $150,863.19image (11)

 

 

Total Progress for July: $91,294.95!!!

CONGRATS on an incredible July, Challengers!!!

image (12)

 

 

 

Total Progress in 2016: $657,669.03!!!

A small group of us who are determined to change our finances have done just that in epic proportion… by more than $600,000! INCREDIBLE!

Congrats to all of you for your continued hard work and determination. I am so proud and thankful to be part of this AMAZING group of challengers. You all inspire me to push harder and achieve more. THANK YOU!!!

Facebook Group The $1000000 Challenge

Facebook

If you are a challenger or planning to become a challenger we would love for you to join our Facebook Community that is solely dedicated to The $1,000,000 Challenge. You will find inspiration and encouragement from your fellow challengers. Inspiring and informative articles. I also post “Questions of the Week” which if you answer, provides extra entries into the $100 Amazon Gift Card Giveaway!

2016 Million Dollar Challenge

The $1,000,000 Challenge of 2016

Are you inspired by the INCREDIBLE progress of these challengers? Are you ready to be the one who improves your finances by $10,000, $20,000 or do I dare say $50,000???

Are you ready to dramatically change your finances? If you are ready to join the challenge that will push you to PAY OFF MORE DEBT, SAVE MORE, and INVEST MORE than you EVER thought possible. I encourage you to make 2016 YOUR YEAR and Join The $1,000,000 Challenge TODAY! Plus this year, there is a $100 Amazon Gift Card up for grabs!




$100 Amazon Gift Card GIVEAWAY

 


You May Also Enjoy:

Emergency FundCalculate Your Debt Free DateHow Investing Small Amounts of Cash can Pay Of in RetirementHow to Spend Your Tax Refund Wisely