Last week, Graham from Moneystepper launched the Moneystepper 2015 Savings Challenge where anyone, from anywhere in the world, in whatever financial situation they may be in, is invited to come together and work as a community to accelerate their journey on the path to financial freedom.
To keep things succinct, the key points of the challenge can be summarized as follows:
- Everyone strives towards the same two goals. These goals are designed to be appropriate for EVERYONE. They are:
- % Increase In Net Wealth
- Savings Rate %
These percentages have been designed to be appropriate (and comparable) for everyone: from people paying down mountains of debt to multi-millionaires.
- Each participant submits their two percentages before the start of the year, and their progress against their goals each month.
- The results are released monthly and everyone will be “grouped” with people who are of a similar net wealth (although participants’ net wealth will never be published) and who have similar goals.
Simple enough, right? But, hugely powerful – believe me! Read More