Watch the Sochi Winter Olympics and Play the Medal Money Challenge

Sochi Olympics gold silver and bronze medals
While it might not seem so at first glance, being an Olympic athlete has some similarities to saving money. Both don’t just happen. In order to be an Olympic athlete, you need to dedicate hours of training over a long period of time to achieve the goal of making it to the Olympic games. In order to save money, it’s also important to be dedicated to save consistent amounts over a long period of time. That’s the idea behind such challenges as the 52 week money challenge and the 365 day money challenge.

Olympic athletes have to make numerous sacrifices in order to be the best that they can. They can’t eat everything they want or do many things that would take time away f

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4 Responses to Watch the Sochi Winter Olympics and Play the Medal Money Challenge

  1. Paulette says:

    I told my kid I’d buy one share of the publicly traded Canadian company of his choice (Telus, Tim Horton, Canadian National Railway, uranium mining company, whatever) for every goal Canada’s Olympic Men’s hockey team scored. I hope he’s forgotten that: I could see us at the food bank while our money heads to his Coverdell account. This was also before I knew Canada would be playing Latvia.

    I considered one share for myself for every goal Canada’s Olympic Women’s hockey team scores. Unless we end up playing Japan: again, we’d be at the food bank…

  2. jeffrey says:

    That’s a creative and fun way to enjoy the games

  3. Paulette says:

    I think I like your way better though, Jeffrey, because with your way I anticipate only $97 savings overall for us (13 gold, 7 silver, 11 bronze). I’ll feign forgetfulness and adjust the stock purchase to every win my country’s men’s and women’s hockey teams earn from quarter-finals on up. As an aside, I correct myself: it turns out Canada isn’t playing Latvia in hockey.

  4. jeffrey says:

    It’s great if you think mine works better for you, but I liked your imaginative thinking with stocks. All these challenges should be inspiration to figure out a challenge that will work best for you and your financial needs.

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