Once money goes into the savings account, it CANNOT be touched until the goal is reached.
My main source of income (my day job) can't be invested into the savings account.
The million dollar goal is strictly based on the amount in the Savings account. The final goal doesn't include the amount of stocks, Certificate of Deposits, real estate, or other equity built up; unless they are turned into cash and deposited into the Savings account. Once in the Savings account, refer to Rule 1.
Side hustles are not only encouraged, but vital. I don't make enough money to invest or save and realistically reach my goal in this lifetime. If a side hustle requires a monetary investment, it must come from my main source of income or other sources. The profits of the side hustle must be deposited into the Savings account after the initial cost is returned to my main income.
Donations are allowed. If someone wants to donate toward the goal of $1,000,000, the donation must be deposited into the Savings account. There is no investing that money towards stocks, business ventures, or other potential investments. Again, donations MUST go into the Savings account.
While this goal is, of course, to be able to retire, it also has other purposes- To hold myself accountable, to help me stay focused, and to hopefully show others that it is possible to go from nothing to being a millionaire without coming from a wealthy family or having a high-paying job. The current total of the Savings account will be updated weekly and sources of the funds discussed openly (without disrupting the privacy of others).
I'm not a criminal. Any money gathered and put towards the final goal must be obtained legally and morally. No theft, scams, rug pulls, or other means that are socially deemed illegal or immoral.
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