Week 1: My journey to 1 Million Dollars by the time I'm 50. #MakerMillion

This week on Twitter I wrote:
I recently half joked with the wife that I'd have a Million dollars 11 years from now (when I turn 50). This last week I officially decided to go for it, feel free to follow along on this unthought-out journey of success and failure... https://twitter.com/MicahIverson/status/1289030351365369856 #MakerMillion

Today I'm publishing some progress from the first partial week, next week will be my first full week.

Here are my notes...

Primary Goals / Thoughts

• Have 1 Million Dollars by the time I'm 50 (04/09/2031).
• Donate, Invest, Giveaway at least 25% of savings if/when goal is reached or when time expires.
• All user donated income will be put into a savings account and not touched.
• Income I generate can be put in savings and/or used to increase wealth.
• Wealth can be generated by any legal means necessary. SAAS sales, Painting Company, Design/Dev Company, Investing, Stocks, Donations, Interest, Physical Goods, etc.
• Curious to see if others join in as well on their own big financial 10 year goals that need to be started now to be successful.
• We are in middle of a pandemic, share ways people can make money to simply survive.

Breakdown as of 7/30/20 (Roughly)

A big part of reaching financial goals is breaking down the numbers as small as possible, here is what I calculated I need to actually SAVE (not just earn) to reach my goal.

Timeframe

• 10.5 Years
• 128 Months
• 546 Weeks
• 3,832 Days
• 91,968 Hours
• 5,518,080 Minutes

Revenue Saved (Averages)

• $95,238 per Year
• $7,812 per Month
• $1,832 per Week
• $361 per Day
• $11 per Hour
• $00.18 per Minute

I'm not good at calendar math, give me a break! :)

Let me know if I'm drastically miscalculating this or if you have really specific numbers (looking at you math geeks).

Completed

• Initiated challenge mid-week, so this first week will be short.
• Created one Twitter thread for everyone to follow along with.
• Invited everyone to donate through Buy Me a Coffee
• Setup a Zapier process to auto thank supporters on Twitter
• First meeting with a mentor about general business goals / growth / business structure.
• Starting with initial, personal contribution of $500.
• Started spreadsheet to track contributions, stats, revenue ideas.
• Start list of realistic, value focused revenue sources.

Saved: $506

Remaining: $999,494.00

• 2 Donations
• Initial $500 deposit to myself.

I'll be updating this board (https://www.retrospect.team/board/30-7-2020-4a9efbc5-2b33-4631-b01d-c41abb8e1761-23-29-22) and Twitter with ongoing updates from week to week as a way to track progress and provide knowledge to others.

Thanks!