$1,000 Grow Your Dough Throwdown!

Show us some love!

Courtesy of Jeff Rose!

What is the $1,000 Grow Your Dough Throwdown?

Grow Your Dough Throwdown
Jeff Rose – Good Financial Cents (blog)

The Grow Your Dough Throwdown is a challenge for YouTubers in the personal finance community. We will take $1,000 of our own money and invest it in our niche.

The goal is to see how much money we can earn with just our original $1k investment by December 31, 2019.

My Dilemma

The majority of participants will be growing their dough through investing with stocks, bonds, index funds, etc. That isn’t really my niche, and I didn’t want to try and outpace the stock market.

However, buying a property with only $1,000 is not an easy feat, especially when I currently live in Hawaii.

For these reasons I had almost decided I was not going to participate in the Throwdown this year. After all, it is better to stay in my niche, than to lose money playing another mans game…right?

The Solution

That is until I was surfing with Doug Nordman yesterday and talking to him about my decision to bow-out.

Then it clicked…wait a minute, nobody said I had to invest in a particular manner. I’ve always enjoyed being the oddball, why not use that to my advantage in this challenge?

Doug and I talked about several unorthodox methods I could use to make this money work for me.

The Strategy

My strategy for this year is two-fold.

  1. I plan to build wealth by using my $1,000 to purchase and sell garage-sale items. Depending on how this goes I may find other oddball strategies to utilize.
  2. I plan to use the money I have accrued (and no additional capital) in order to purchase a duplex, triplex, or four-plex. This will take place after I execute orders and move back to the mainland this summer. I will count The cash-flow received, or mortgage covered, by renters as the return on investment for my original $1,000!

The Competition

David Pere (ME) – From Military To Millionaire

Jeff Rose – hosting the 2019 Grow Your Dough Throwdown.

Joseph Hogue – A fellow Marine!

Graham Stephen – A fellow Real Estate Investor!

Sarah Wilson – Budget Girl

Ryan Scribner – Investing Simple

Nate O-brien – Investing, Entrepreneurship, Personal Finance

Bob Lotich – SeedTime Money

Allison and Matt Owen – Owen Your Future

Marko Z – WhiteBoard Finance

Will Armstrong – personal finance

Justine Nelson – Debt Free Millenials

Tela Holcomb – Stock Market tutorials

Antonio – B.A.B.Y. (Be A Better You)

Grow Your Dough Monthly Updates!

at the end of every month I will update this article to show where I stand.

January

Starting balance: $1,000

Ending balance: $1242.42

Total number of items pending sale: 16!

February

Starting balance: $1242.42

Ending balance: $

Total number of items pending sale:



Share this article soldier!

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
David Pere

David Pere

David is an active duty Marine, who devotes his free time to teaching personal finance and real estate investing for service members, and the working class!

Leave a comment trooper!

Leave a Reply

Your email address will not be published. Required fields are marked *

start now

never miss a post

Join the thousands of other Military Millionaires that are building their real estate portfolio!

military to millionaire

start here

  • Is this blog for you?
  • How to buy real estate
  • Should you buy real estate now?
  • Interviews with Military Millionaires
  • Guest Appearances

get in touch

Website powered by RapidWebLaunch

Copyright 2019 From Military to Millionaire

shares