£10k Side Hustle Challenge – My Big Goal For 2024

I LOVE a money challenge!! Like obsessed! I’m highly motivated by goals, streaks and money so the perfect combination of these three is a money challenge. Sign me up!

I like to have one on the go at all times to keep me focused and motivated. So when 2024 rolled round and I didn’t already have one in mind, it was time to go to the drawing board. And within minutes my new challenge was decided.

In 2024, I am challenging myself to side hustle £10,000. Ten grand. Even writing that down seems INSANE! But I’m very optimistic that I will smash this goal!

My last side hustle challenge was to make £5,000 by the end of my gap year to match my spending budget. I had initially thought it would take the whole year to achieve but incredibly I smashed that goal in 7 1/2 months. That means the goal I set was too easy so I’m doubling it.

The Rules

Currently I have two main sources of income, my summer job and my winter job. And as this is a side hustle challenge I won’t be counting any earnings from these two sources towards my total. But everything else is up for grabs! Including any freelance income outside of these two jobs and my passive income streams like bank interest.

I went back and forth but have decided to count both cash income and voucher income towards the total. I only counted cash in my £5k hustle challenge as the goal was to match my gap year spending pot. But the goal for this challenge is to push myself and test the earning capacity of various side hustles. So I will be counting both cash and vouchers when I have received them.

The minute they hit my bank account/inbox they will be counted towards my total. Before then they exist in limbo and my various trackers.

How I’m Planning To Smash This Goal

With a mix of focus, consistency and planning I am very confident that I will smash this challenge. My plan is to stick with the side hustles that work for me; surveys, playing games & market research. But to put the majority of my effort and focus into three side hustles; this blog, selling things & petsitting. The biggest one I want to grow is this blog and all the extra things that come along with it as I can see it becoming a massive part of my financial future. I would also like to build up my repertoire of passive income streams which I can hopefully benefit from for years to come.

Tracking My Progress

I’ve made a nice handy spreadsheet tab in my budget sheet to track my progress towards my big goal. Plus I’m going to be sharing monthly progress reports on here to keep myself accountable and hopefully motivate myself to actually finish the challenge.

So there we go, my big money goal for 2024 is side hustling £10,000. Even writing that down blows my mind! Jess a couple of years ago wouldn’t even dream of setting this sort of goal but Jess today is only excited by the challenge!

Are you doing a money challenge in 2024? What have you gone for?