How to Make 10,000 Dollars Fast: The 10-Day Challenge

This article is an excerpt from the Shortform book guide to "We Should All Be Millionaires" by Rachel Rodgers. Shortform has the world's best summaries and analyses of books you should be reading.

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Do you want to make 10,000 dollars in just ten days? What are the steps to completing this ten-day challenge?

Some people spend months trying to make 10,000 dollars, but you can do it in just ten days. With the help of Rachel Rodgers’ We Should All Be Millionaires, your wealth will skyrocket in just over a week.

Keep reading to learn how to make 10,000 dollars fast.

Challenge Yourself to Make $10,000 in Ten Days

Kickstart your wealth-building journey by tackling Rodgers’s challenge to make $10,000 in ten days. This challenge helps you prove to yourself that you’re capable of making more money than you think you can and empowers you to start increasing your wealth now.

Let’s look at Rodgers’ steps on how to make 10,000 dollars fast:

Step 1: Decide how much money you want to make. While Rodgers suggests you aim for $10,000, you can choose a different target you feel comfortable with. She recommends you estimate how much money you think you can make in ten days and then add 30%.

(Shortform note: For many people, making $10,000 in a ten-day period is an intimidating goal. Some experts argue, however, that setting big goals is critical to success. In fact, in The 10X Rule, Grant Cardone argues that you should set your goal to be 10 times greater than average. Cardone argues that setting low goals makes you feel dissatisfied and unaccomplished when you meet them.)

Step 2: Decide how you’ll reward yourself for reaching your goal. This will help motivate you to go through with your challenge. For example, you might reward yourself with a dream piece of furniture or a vacation.

(Shortform note: Setting a reward for yourself not only increases your motivation, but it can also reinforce your behaviors so that you continue doing them after your challenge is over. For example, if you sold handmade crafts during your challenge and rewarded yourself with a massage upon its completion, you’ll feel more motivated to continue selling your crafts and making money. This is because when you receive rewards, your brain releases a pleasurable chemical called dopamine, which motivates you to repeat the behaviors that make you feel good.)

Step 3: Figure out what you’ll do to make money. Rodgers recommends you choose short-term projects instead of long-term commitments—consider offering a service, selling a product, flipping old furniture, charging for your expertise and advice, or hosting a yard sale.

(Shortform note: In The Success Principles, Jack Canfield gives some suggestions on how to brainstorm ways to make money: Think about a problem you want to solve and create a product or service that can help solve it. More specifically, you might ask yourself what you or others need or want, or if there’s a good or service that could make an activity more enjoyable.)

Step 4: Spread the word to your friends, family, and coworkers about your challenge so that they can encourage you and support your efforts.

(Shortform note: When thinking about who to share your 10-day challenge with, consider reaching out to someone who has a higher status than you. According to some psychologists, we tend to be more motivated to achieve our goals and perform better after sharing our goals with people we look up to. This is because we value the opinions of higher-status people more and care about how they might evaluate us. With this in mind, you could perhaps prioritize sharing your $10,000 challenge with someone you admire, like a mentor or a supervisor, to boost your chances of success.)

How to Make 10,000 Dollars Fast: The 10-Day Challenge