Last year, I issued the One Tweak a Week challenge to this community.
The Afford Anything team and I released a free book outlining 26 easy actions that improve your finances and life. We choose simple actions that you could complete in one hour or less (some are as quick as five minutes), which added together amount to major change.
We challenged this community to take one action per week for the first 26 weeks (six months) of the year, and we sent a weekly reminder email, each Sunday, to anyone who downloaded the free book.
We heard incredible feedback. Several people told us that One Tweak a Week helped them make huge improvements to their financial life.
A woman named Erika, for example, left us a voicemail telling us that she skyrocketed her savings rate by 10 percent, lowered the expenses on her investment funds, and finally created an estate plan.
It’s time for round two.
This year, to kickoff 2020, we’re reissuing the One Tweak a Week challenge.
Here’s how to participate:
- Download the free book at affordanything.com/2020kickoff
- Set aside a specific time every week when you’ll take action. For example, set a calendar reminder to take action at 7 pm every Sunday.
- Check your email on Sundays to see a reminder of the weekly tweak.
- Share your stories, questions and ideas with our community.
In today’s podcast episode, we review the original 26 tweaks, plus introduce 10 additional bonus tweaks that came directly from members of this community.
We share success stories from two community members who took part in the challenge, and I describe two of my own big actions last year — freezing my credit and setting up a Donor Advised Fund. (BTW, freezing my credit might have saved my butt when scammers stole both my mail and my credit information. I describe this harrowing tale at the end of today’s episode.)
P.S. Remember to join the One Tweak a Week challenge in 2020! Grab the free book at affordanything.com/2020kickoff
- One Tweak a Week ebook
- Fidelity Retirement Score
- CNN Millionaire Calculator
- Credit Freeze FAQs
Thanks to our sponsors!
Gusto makes payroll, benefits, and HR easy for modern small businesses. In fact, 72% of customers spend less than 5 minutes to run payroll! If you sign up at gusto.com/paula, you’ll receive 3 months free once you run your first payroll.
Busy, but love to read and learn? Blinkist is the only app that takes the best key takeaways from thousands of nonfiction books and condenses them down into just 15 minutes. You can start a free 7-day trial when you join at blinkist.com/paula.
Save time by using Freshbooks, an easy-to-use, cloud-based accounting system that takes the stress and hassle out of bookkeeping and, especially, invoicing. You can create an invoice in a few seconds, and Freshbooks’ automated system will handle the rest. Visit Freshbooks.com/paula for a free 30-day trial. Please mention this show when they ask how you heard about them.
Do you want your money to make more money? Then check out Rewards Checking, from Radius Bank. You earn 1.00% APY on balances of $2,500 and up, there are no fees, and it offers unlimited one percent cash back on debit card purchases. To get started, head over to radiusbank.com/paula.