An eight step list of exactly how to save at least $500 in the next 21 days. Free gifts are ready for those of you who complete this challenge!

About Indestructible Wealth: I’m Jack Gibson. I’m your wealth strategist and I’m here to help you make some money. The Indestructible Wealth Podcast is for young entrepreneurs who want to make, keep and grow wealth to enjoy now, and for years to come.

Episode #37 – Introducing the 21 Day Money Challenge. You In?


Welcome to the Indestructible Wealth Podcast. This is the place where we help young entrepreneurs to make, keep, and grow wealth that you can enjoy now, and for years to come.  I’m your host Jack Gibson, a serial entrepreneur, founder of multiple seven and eight figure businesses, and wealth building strategist.  Each week I’m going to share my tips, resources and secrets, to help you create a plan and build the life you’ve dreamed of. 

Alright, I’ve got a 21 day money challenge I’m going to drop on you on today’s episode. A lot of people have found success with 21 days to change a habit where you do say a fitness challenge or a nutrition challenge where you try to lose some weight or change your physique.  21 days can really make a difference because it can give you a short period of time where you see the light at the end of the tunnel, and you can maintain your focus and then you can see some results and build some competence and some quick wins. So I’ve got a 21 day challenge in the money department that I’m going to drop on you and I think that this will help you guys just make some changes that you’ve probably been thinking about making you know you need to make, but you haven’t done it yet. Let’s get focused and let’s start changing the long-term trajectory of your habits so that you guys could start building some indestructible wealth. But first, you know how I do it, I drop what’s happening frustration wise typically right in my life. That’s the fun part, right? If I just told you everything’s fine. Everything’s great. How boring would that be? We need a polarity in our lives. 

This morning, Tyler had his first, that’s my 11 year old, he had his first 6th grade football scrimmage before their first game drops I think in 2 weeks. And he’s a 3rd string quarterback and supposedly he was supposed to be first string defensive end. The first 30 minute segment goes by and he gets in 1 play at the very end of the game at the quarterback position and oh my God I’m like, Kara and I are looking at each other, freaking out because we’re what is going on. He’s not playing, this is awful. I need counseling, that’s what I’m thinking. I need to call a counselor professionally for this. But he gets in and designs pass plays and has got a really good arm. But he had warmed up at all. This is his 1st throw out of the shoe, boom! Interception, right? Oh my God. Kara and I are like we’re dying, not in a good way. So then they play another 30 minutes and things dramatically got better. My mood is much improved and I’m not going to speed dial the counselor quite yet. So we’ll save that for probably later on in the season but competitive sports parents want our kids to be successful. We want them to have fun. We want them to showcase their skills. I’m hoping that sport finds his way and develops into a great athlete so that we can cheer him on, and give us something to do entertainment wise. So I’m sure you competitive parents out there, you know what I’m talking about. You know what, at the end of the day, right? We just we want to put our kids best possible position to be happy and to enjoy life and having the kid that dominates the sporting events that’s just us trying to live vicariously through them that’s not productive, but bottom line that I’ve come to realize after my oldest son, he isn’t that interested in sports. He’s more into technology. I have to release my expectations for our children and what we want them to do or what we think that they’re going to become and just embrace. The natural God-given talents that they’ve an interest that they’ve been given and so I have been doing that with my oldest. In fact, he does a lot of the filming for me for my videos, for this platform and editing some, and he’s edited all of my podcast videos and uploaded them. So it’s really giving us a chance to bond in that regards with Tyler, I go out into the backyard, we play catch, we do all that. We shoot hoops. That’s not the case with John and we are just trying to figure out how to embrace them for what they’re interested in. So anyways, dropping a little indestructible parental advice on you guys. I’m still trying to figure it out. I’m learning and I got a long ways to go. Let me tell you. 

So let’s get to the 21 day money challenge. The very 1st one I’m going to drop on you is there’s 8 things here that I’m going to give you 8 things to focus on that are part of the 21 day challenge. Some of these are tough. Some of these are relatively easy to do and also easy not to do. The 1st one is no online media distractions. Now, what does this look like? Because I was going to say plain and simple, no pornography. Now I know that there’s a lot of you listening that don’t do that and I know there’s statistically there’s got to be a bunch of draining yourself and all your energy with that kind of focus on that sort of thing. This also includes you that are listening. There’s no judgment. However, that is draining your energy and your focus. You’re not going to become the best and most productive person that you are designed to be when you’re draining yourself and all your energy with that kind of focus on that sort of thing. This also includes the reason why I said it’s not just pornography. I’m going to include Netflix. I know that’s going to suck 21 days and no Netflix. So we’re taking out pornography, we’re taking out Netflix and we’re taking out aimless scrolling. I’d like to take out scrolling altogether, but I know a lot of you do it intentionally for your business where you’re trying to learn and you’re trying to engage. You’re going to have to figure out the difference between productive, intentional scrolling or your purpose is to create engagement and to build up your social media chapter, maybe support your team with some encouragement and positive comments. But just aimlessly scrolling Netflix and pornography are not serving you and they’re draining your energy and attention instead I’d like to have you submit or transfer that energy and focus into financial coaching, financial education and it doesn’t have to be just this platform, although this is a great place to start. I want you guys to focus that energy on learning more about the money game for the next 21 days. If you want an incredible resource, go to my website I bet a lot of you haven’t taken any time to read any of my blogs or vlogs, video blogs that are on my site. So you’re going to be able to go to my site and read the 25 – 30 blogs that I’ve written that are all on there. Consider it just a mind dump of my knowledge and wisdom that I’ve accumulated about this subject. You go there and just let it rip a lot of the blogs won’t take you about a few minutes to read. So that’ll make a big difference for you in your financial education and the more that you know on this subject, the more educated you are, the better decisions you’re going to make and the quicker we’re going to get to that end goal, which is financial freedom, retire early that’s fire. Financial independence retire early. Let’s just call it fire. We want to retire young so that we’re able to enjoy our money now, instead of waiting till we’re 65 or 70, when we’re not potentially in good health or we’re potentially not even alive. 

So let’s take out these energy suckers. Number 2, no restaurants. Bam! Not even for lunch, not for dinner, no restaurants for 21 days, meal prep cook at home. You’re going to save so much money. For Kara and I, in the beginning of our wealth journey, rarely did we go out to restaurants. Maybe it was like once or twice a month on a Friday night type thing Saturday night, once every other week. But for the most part, we just stayed at home and learned how to cook and grill and save so much money. Dave Ramsey, this is one thing where I do agree with him. He said that, when you’re trying to pay down debt and you’re trying to really aggressively attack, you should not see the inside of a restaurant and I’m totally aligned with that. So 21 days, you’re going to save a few hundred bucks right there I bet. 

Number 3. Now start a side hustle. What’s your passion? What’s your passion? Because you’ve got to increase your income. So let’s start doing this now. Let’s start figuring this out. You don’t want to rush to start a side hustle because you don’t want to rush into something that may not be a good fit but look, if you’ve been thinking about doing the side hustle, you’ve got something in mind. What are you waiting for? Pull the trigger. Take action. Let’s go get off the fences. There’s no way time isnt just going to keep passing you by. You got to take action. You have to be aggressive and proactive. Start that side hustle you’ve been thinking about doing. If you’ve already got your side hustle, then my suggestion on point number 3 is to learn a new skill that’s going to help you accelerate your income inside of that hustle. You could take a course on how to be more effective on Instagram or you could take a course on how to learn any new social media platform, or you could hire a coach. Have you thought about getting a coach to give you some specialized knowledge in terms of developing skills inside of being able to promote your business more effectively? That’s what I would be doing, learning digital marketing. It is the future of business. It already is the future, but it’s only going to escalate in the future of what it is or what will become.

So let’s focus on that point 3. Number 4, transfer high interest credit card balances. If you’ve got high interest credit card debt. Oh, man, that is it’s impossible to grow wealth literally. I’m going to say it. It’s impossible because as an investor, even a really good investor it’s really difficult to consistently get over 10% return on your money. It’s hard, can it be done? Certainly. The best in the world, Warren buffet averages like 20% a year for the last 60 years and he’s a genius. So think about that I mean the one of the best in the world gets 20% yearly average. What makes you think you’re going to do much better than him? I don’t think that you probably will. I don’t set my expectations that I probably will.    I certainly won’t. I may have a year where I beat that by a lot but consistently year after year that’s tough, so higher interest credit cards you’re usually at above 10%. So that means if you pay those off you’re immediately getting a 10% return on your money. And if you don’t pay them off and you try to invest when you’ve got high interest credit card debt, that means you’ve got to outpace your interest with the returns on your investment. So in other words if you’ve got interest rate on your credit card is 10% that means you’ve got to make 11% or more just to outpace or out gain that cost of that debt. So let’s get that debt attack. Let’s get it for the meantime. In the next 21 days you’re probably not going to pay them off if you have it so transfer those. There’s a lot of offers where there’s 0% intro APR offers where you can get a balance transfer for 12 months, 18 months, 24 months. Typically there’s a balance transfer fee that you’re going to have to pay to do that. However, take a look at what you’ll pay in interest over the next 12 months, and then what you’ll save in interest by transferring it. I bet a pretty substantial amount of money that the savings of what you’ll save in interest will outpace any costs that you have of transferring that money over. So let’s focus on that. That’s step number 4. 

Step number 5, cancel your online rarely used membership fees. I know that you’ve got them. They’re lurking on your charge card or I’m your auto PayPal payments. You’re paying on stuff that you’re not using right now, but I might use it later or I’ve used it in the past but you’re not, you haven’t used it for a few months. Get rid of that stuff. Those little $20, $10, $20, $50 a month charges that add up, $50 a month or $600 in a year that you could save that $600 and put it into some Ethereum, Bitcoin or some really good alt coins. Like think about that. I would think about that too. If I saved this money, what could I do with it that could then amplify the returns? One thing that I did. I was paying a ton of money on my cable bill and we’re not even watching cable. I just didn’t want to mess with it because I didn’t want to take the time to make the call. And I was like there’s probably nothing that I’m going to be able to do. Try to make the call, tell him that you’re canceling. That’s what I always do and then they always give you an offer to try to keep you. So that’s what I would do is try to cancel. See if they typically won’t call your bluff. They’re going to try to salvage you or you could just say, I’m canceling this if I don’t get my bill down, this is ridiculous. That’s how I would probably put it. And so they’re going to give me a kind of a package offer that was on a promo and they dropped my bill by $200 a month. Now where I’m at in this stage of the investing game saving $200 a month, doesn’t really do a whole lot for me but statistically percentage wise. But still that’s $2,400 a year in savings for just making a 10 minute phone call and cutting out a few channels that we weren’t watching anyways. So it was just restructured.. Another thing that we did was we went to the Verizon store and then, I went to just check out upgrading my phone and it turned out with the package promo that they were going at the time we were able to upgrade to get new phones and we cut our bill down by $30 – $40 a month. So take a look at restructuring any of those types of auto bills where you have packages that you could be potentially taking advantage of current promotions that may be offered.

Number 6. I want you to save a minimum of $500 in cash over the next 21 days. If you do the things that I’m talking about up till this point, then this shouldn’t be a problem. What I want you to do with that cash is get a safe and put that cash in your safe. You want to start building some cash money greenbacks that are just sitting in your safe. Obviously we know that they’re getting devalued by the amount of government printing of money, but we want to have some cash. It gives you a nice warm and fuzzy and confident feeling. Having some cash sitting in your safe, there’s something emotionally charging about that, that gives you confidence to keep going with your financial plan. Just having it there and not spending it is amazing and this is going to create the feelings that you start needing to start taking the actions and continual actions that you need to create the results. So we really want to have those. We really want to be working on making yourself feel good about your progress. I think $500 in cash saved up over 21 days. That’s incredible. Now, if you’re at a higher earning level then you need to challenge yourself. Maybe $500 is really not enough for you to take on a 21 day challenge. What’s that number for you? What’s going to stretch you, but also give you a goal so that you’re going to cause you to really maybe get a little bit uncomfortable have to make some changes to get to that point. Is that $1,000? $5,000 in cash? I don’t know what that is, but I’d say aggressively attack it to get that cash in so that you have that nice emergency fund sitting right there. 

Number 7. I want you to read Rich Dad Poor Dad by Robert Kiyosaki. Now, if you’ve already read this one, then go on to the second book cash flow quadrant. I love the 2nd one might even be better than the first. I don’t know. That’s probably tough. The first one probably has a lot, probably to me is a more engaging story but the 2nd book cashflow quadrant really helps you understand how money flows into and through our economy. I love that book. So read one of those 2 books over the next 21 days.

And number 8, follow for daily motivation. Follow me for daily motivation. There’s 2 ways you can do it. I post every morning, I’m somewhere around 8 o’clock on LinkedIn. So you don’t have a LinkedIn account or not on it. Just create one. Every single morning I’m a 365 day posting challenge. So I’m going to post every single morning about some type of financial education, financial inspiration. Maybe a new way of looking at finances that you hadn’t thought of before. The other way is on Instagram. I do post every day in some capacity whether it be on my story, on my reel or on just a regular feed push, but you’re going to get something from me on that platform. Indestructible wealth. That’s going to help you with your financial education and just getting better. So that’s the 8 steps. If you guys take the 21 day challenge then, and you complete it you’ve got to go through, you’ve got to document all 8 steps. But when you complete it I want you to share with me what happened. So you’ll do a little 1 paragraph right up. And then I’m going to send you a free gift. I’m not going to tell you what the gift is but I’m telling you it’s going to be really fricking incredible. So I’m going to probably give you a choice between 3 options. You guys would get to choose 3 different things that’ll help you give you some insider information, insider knowledge that’s going to help you to move the needle on your net worth. So take the challenge to document it. Tell me do a little like a quick 3 or 4 sentence, a write-up of what you learned and it would be awesome if you took the 21 day challenge posted it, like in your story. Like on Instagram or Facebook and then tagged my site, my page. But I definitely think that’s the best way to go. But nonetheless, even if you just email me, Hey, I took the 21 day challenge. Here’s what happened here was the result. Here’s what I learned. Then you’re going to get a free gift regardless.

All right, here we go. Let’s create some indestructible wealth, better financial habits in the next 21 days.

That’s a wrap for this episode on the Indestructible wealth podcast. Before we part ways, I want to help you to take advantage of 2 incredible tax saving strategies that could help you save a lot of money.  All you have to do is leave me a 5 star review – if I’ve earned it – and comment in iTunes, Stitcher, Spotify, or wherever you tune in. After you’ve done that simple step, just email me a screenshot to [email protected] and I’ll send you everything you need to save money on your taxes for years to come.  If you’d like to dive deeper into your own wealth building strategy, check us out at and follow along on social media. Also, please share this podcast with anyone who’s looking for guidance on their own wealth building journey. Until next time, remember our mission here is to help you make, keep, and grow wealth you can enjoy now, and for years to come.


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