To celebrate the publication of Life…The Reader’s Digest Version: Great Advice, Simply Put, Reader’s Digest will host the “Your Life…” contest. The grand prize winner will receive $25,000, and ten runner-ups will win $2,500. The eleven honorees’ stories will also be published on ReadersDigest.com.

In addition, Facebook fans will have the chance to vote for their favorite stories. The most popular Facebook entry will also receive $2,500. To enter, submit your life story in 150 words or less on Reader’s Digest‘s Facebook page. The deadline has been set for November 1st. Glee actress Jane Lynch submitted the first entry in the contest. Perhaps it’s a teaser for her soon-to-be-published memoir Happy Accidents?

Global editor-in-chief Peggy Northrop had this statement in the release: ”We’ve collected hundreds of thousands of stories and jokes from our readers over the years.  This opens the door for them to share in a whole new way and to get their friends, families and fellow readers involved in the action.”