I’ve heard of contests were they drop off entrepreneurs in the middle of a major city and see how quickly they begin to create wealth and get back on their financial feet. They are given a very small amount of seed money and the clothes on their back.

This contest is different. Use the comment form to give your answer to the question below, and the person who gives the most informative and creative answer will win $200. You must have a Paypal account to except the money. If you don’t have a Paypal account, create one here.

The contest winner will be announced December 20th, 2009 and they will be notified and paid the $200.

The Contest Question

Our question to you is; “What would you do if you had ZERO, nothing, nada, and only the dirty clothes of a beggar to wear“. The answer will vary depending on the city, the town, the county, state, province and country you are in. I’m assuming that you don’t even have identification, a wallet, a cell phone, etc. etc. – I meaning absolutely nothing except the T-Shirt on your back and the soiled pants you were given by the local charity for the homeless.

We are assuming you have a grade 8 education (you can read and write, add, and subtract) and no family to help you out at all. We’re assuming you do not have a driver’s license and you have no job experience. Tough right?

Are you feeling grateful yet?

So what would you do where you live? Tell us what you would use for shelter and how you would feed yourself. How would you begin creating some kind of financial income, and begin setting yourself up to improve your life situation?

Use the comment form below to give your answer. Make sure you leave an email address, and name, so we can contact you.

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A LOAN CALCULATOR FOR CRUNCHING YOUR NUMBERS IS BELOW; Enter your loan amount, how many years, the interest rate, and payment frequency (14 for biweekly, 30 for monthly, 7 for weekly. Very helpful so you know exactly what the loan will cost you in interest payments and you will know the total COB (cost of borrowing).

Loan Amount:

Interest:

Years:

Days between payments:
30 for a Month, 7 for Week
and 14 for Bi-Weekly. Easy!