Saturday, September 6, 2008

New Project: Forex

As I have written in a previous blog entry, I have been dabbling in the forex market a bit. I have decided to create a new blog dedicated to my experience with Forex. The goal of that blog is not to teach you, but to show you the ups and downs of trading the Forex Market. It is a brand new blog, so there are very few entries at this time. That will change, I am hoping I will be able to be more active in blogging here and on the new blog. I have decided to use wordpress for the new blog. Anyway, for those of you that are interested check it out.

I Trade Forex

The new blog will be part of my doubling effort eventually. My forex activities will not be, since it is something that I was doing before I started this project. I have debated with myself over this issue and have decided to stick to the rules completely.

I hope you all have a wonderful day!

Until next time...

rgrace

Associated Content Payment For Freelance Writing

My article has been accepted into Associated Content and an offer has been made of $3.24. Payment will be made in a day or so. When the article is actually published I will post a link here. For those of you who do not know, Associated Content is a great place to get paid and become a published author. Check out my original blog post for more details. Second Business:Freelance Writing

Since I have not received payment as of yet, my total stake is still $1.08. After I receive payment I will subtract any amount that goes above my next step and begin with $1.28 as per rule 4. See The Rules for more details.

rgrace

Hectic Schedule Explains My Brief Hiatus

I apologize for not posting for so long. Things have been rather hectic the last week or so. Since June 16, 2008, I have been attempting to learn how to trade the forex market. Between work, the doubling project, learning forex, trading forex, writing in my blogs, I have been rather busy. I have easily been spending over 80 hours a week on these projects. It really is not something I would call work, because I enjoy all of the activities that I am doing. For the next couple of weeks I am going to slow down on a lot of my activities. I will probably do a few doubling activities and write in my blogs. In a previous blog entry I stated my goals. Those goals are going to be postponed for a few weeks. What I am trying to say is I need a little down time. I will still try to post here frequently, hopefully no less than 3 times a week. I will slow down of forex a bit, and article marketing is at a stand still at this time. Like I said earlier, I apologize for not blogging more, it will pick up later.

rgrace

Sunday, August 31, 2008

End of August Report

With this being the last day of the month, I have decided to recap. So with no further ado here are my first month results.

16 August 2008 - Read Penny Millions and The Rules. This experiment was started at this point.

20 August 2008 - Found a dime in the drink machine at work. On the same day I was given a quarter, by my boss, for going to the vending machine for him.
Total Stake = .35

21 August 2008 - Found another dime in the same drink machine.
Total Stake = .45

23 August 2008 - Stopped by a car wash on the way to a friends house. Found a dime. Stopped to get gas on the same trip. My wife found 4 quarters at the car wash across the street while I was pumping gas. She agreed to split it with me so that was an extra .50
Total Stake = $1.05

24 August 2008 - This blog is born.

25 August 2008 - 2 pennies were found, on the sidewalk, outside of the grocery store.
Total Stake = $1.07

26 August 2008 - 1 penny found at car wash.
Total Stake = $1.08

This puts me at Step 7. This means I am .20 cents away from Step 8 - $1.28.

Best strategy so far is found money. Actually that is the only strategy that I have profited from to date.

The best place to find money to date is the car wash, thus far finding .63 which is over half of my stake.

Money Invested = $0

There are currently 4 other strategies that I am working on. Thus far none of them have paid me.

Associated Content - I have completed one article. It has been submitted and I am currently awaiting an offer. The offer should be $3.24 this should be received next week.

Bum Marketing Method - One article has been completed for this method as well. I am currently waiting for acceptance into an affiliate program that I would like to promote in the article.

Bank Of America Referral Program - My account has been accepted. I am awaiting payment for being referred. I am also awaiting payment for referring one account. This amount will be $50, which I should be paid for in 90 days. That puts this payment to be expected around the first week of December.

Adsense - My account shows earnings of 7 cents. At this rate I should average 1 cent a day. That equals $3.65 for a year. Which means I should hit the minimum payout of $100 in 27.39 years. I expect payment sometime in 2035. Of cours at this point I have had very few visitors. The longer a blog is open, generally the more visitors they have. This obviously is not a very realistic future projection. There really is not enough data to go on as of yet.

These are my first month results. Actually, I have only been doing this for 15 days. Next months report will be for a full month. I have slowly but steadily been making it through the steps. Next week, I will make my first investment. I will let you know how it goes.

Slowly I grow,
rgrace

Saturday, August 30, 2008

Bank of America Referral Program

Bank of America has a referral program that pays a $25 dollar fee to both the referrer and the referred to open a new checking account. Before I go further, let me start from the beginning.

Last night I visited my PayPal account and realized I had $43 in it. I had forgotten that I had it. So I decided to draw the money out. As I was trying to get the money out of paypal I realized that it was linked to a bank account that I have not had in years. No problem I will just add my current account. So I enter the information and PayPal denies it. PayPal states that it is in use already. At this point I realize that my wife is using that account on her PayPal. PayPal will only allow one PayPal account per bank account. Well, my last option is to request a check. Again PayPal has issues. It states that I cannot request a check because my account has not been verified. So I thought for a few minutes "How in the world am I going to get this money out that is rightfully mine?". The more I thought the more perturbed I became at PayPal. But this headache was about to become a blessing in disguise.

The solution finally dawned on me. Open a new account, and that will become my penny millions account. So off I go on a quest to find a checking account with no minimum balance requirements, and no monthly fees. It was at this point that I remembered a post I had read at "The Richest Man in Atherstone" about bank referral bonuses. So now my quest has become more complex. Not only do I need a bank that has no minimum balance and no monthly fees, but I also need one that pays a referral bonus. Well, I found the bank and they have so much more this is the perfect penny millions, or doubling bank. The bank is Bank of America. They pay a $25 referral fee to the referrer and also 25 to the referred for opening a checking account. But it gets better, much better. I am not sure if you have heard of one of their more innovative ideas, the "Keep the Change" program. Here are the details, if you have a checking account and a savings account through bank of America, and sign up for this program, every purchase you make will be rounded to the nearest dollar and the difference added to your savings. But, here is the good part. For the first three months they also match that amount 100%. For example, let's say you buy a soft drink. The total comes to $1.52. If you pay with your debit card they will debit your account 2.00. They will transfer 48 cents to your savings account, and pay you 48 cents as a match. After the first three months they match 5% for the rest of the year. Is that not incredible? Folks this is free money for basically doing nothing! I almost signed up with them immediately then I had another brainstorm. I have found someone to refer me. If you are not a Bank of America customer, email me. I will be more than happy to send you a referral invitation by email.

Also I wanted to let you know, I am not anti paypal. Paypal is a wonderful concept and is almost a necessity for online transactions. Their security policies and procedures while absolutely necessary can be irritating at times like any financial institution. This blog was just my opportunity to vent a little frustration. I will keep you up to date as far as referrals and how long it takes to pay etc.

Article Marketing: Bum Marketing

In the last post I mentioned article marketing. Today I realized that I have not written anything about it. This is most definitely not a new idea nor one original to me. The idea came from another blog and he got the idea elsewhere as well. The basic idea is to write articles about different subjects with a link to make an income from. The main thing I like about this idea is the cost. It will only cost me some time and no money. If it makes an income that is great. Otherwise I am sure I will have learned a good deal about writing articles, search engine optimization, and marketing in general. If my articles make more than associated content averages (a little over $3) I will consider it a success. The blog that I read about this at is "The Richest Man in Atherstone". The article that this idea came from is Bum Marketing Method. I will be beginning this today and any results will be posted here for all to see. I hope you all have a great day. And I hope you all have a wonderful Labor Day Weekend.

Slowly I grow,
rgrace

Friday, August 29, 2008

Analysis Paralysis: "The where do I go from here syndrome"

I have spent time tonight reading some posts on other doubling sites as I do daily. But this time I spent a little longer than usual. I came across a lot of ideas. So many in fact that I got to a point of information overload. I was on Google searching all of the ideas that I had found and analyzing them and jumping back and forth between them needless to say that got me nowhere. It was at this point that I decided I needed to make out a tentative game plan. So here is the plan at this point. Keep in mind this plan is a work in progress. It is solely for the purpose of organizing this clutter in my head and as a way to kickstart me into action on a few ideas I have been kicking around. These goals will be layed out in the order that I plan to make a go of them.

1. Write one article a month for Associated Content. This is a very small goal. But the reason for this is I am going to focus on another strategy as well which also involves articles. The article for this month is already written and awaiting approval. If you are not familiar with Associated Content visit my blog article Freelance Writing.

2. Article Marketing Write 90 articles in 120 days each promoting an associate program. These are not going to be spammed and they are not just going to be there for the associate program. If the article does not serve a useful purpose and contribute to the web community I will not publish it. The original article said write an article a day for 90 days. I am giving myself 120 days to complete this task simply because I have other things going on as well.

3. Posting to this blog and reading other blogs for ideas. This blog is my priority at this time. So far I have not made any money from this blog and if that was the sole purpose I would have quit already. This blog is here to document what I have done, what I plan to do, and the results of those activities. Now do not get me wrong, I do have a few links on this blog to make money from along with Adsense. If it makes me some money great, if not, oh well that is not the sole purpose.

4. Buying soft drinks to resell at work. My penny fund is at $1.08 at this time. The money is just sitting here and I am tired of it not working for me. The more money I can keep invested the faster it will grow. In keeping with the Rules, I have to use the original coins, bills, etc that I have accumulated. So I have 1.00 in non-penny change. There is a drink machine that sells canned drinks for 35 cents each. On tuesday morning I plan on purchasing 2 soft drinks for 70 cents and selling them at work for 50 cents. That will get me to the next step and will be my first monetary investment. This does not seem like very much money but if you think of the percentage gained it is incredible. It is roughly a 43% yield for one day.

5. I will continue to collect scrap copper at work and sell it to the recycling center next time I am nearby so that I will not have to pay for gas to get there and back. I have also considered walking my neighborhood and picking up aluminum cans. That would give me some much needed exercise and add a little to my fund. Still undecided about that even though I really do need the exercise.


Those are my goals and plans for the upcoming weeks hopefully I will gain a few steps along the way.

Slow and steady on the path
rgrace

Wednesday, August 27, 2008

Freelance writing start.

My first article was submitted to Associated Content. I am currently awaiting an offer for that article. I will keep you updated as to when it is approved and what the offer was. I am really excited about Associated Content for the simple fact that it is thus far my only real business attempt that could possibly lead to a residual income. My head is not in the clouds tho I am aware that I may only get a payment every year or two with what limited articles I currently have. I am considering writing an article or two every month to see if I can build a monthly residual income off of it. If I do decide to build my article submissions I will post some stats after a year and run some numbers to see what my average residual per article is and how many articles you would need based on the averages to make a full time income. Keep in mind also, I am not a professional author as a matter of fact I consider myself to be a mediocre author at best. Maybe with a college course or two in creative writing and a few hundred articles written I might would become a little better than mediocre. Who knows? But at this point in my life I have neither the time, energy, or desire to put in that kind of effort towards freelance writing. Maybe when I get out of the rat race and fire my boss.

Tuesday, August 26, 2008

Research and found pennies.

My stake has increased. Two pennies were found outside of the grocery store yesterday. We were out of sugar so on my way in I decided to walk the sidewalk and check the drink machines. I found the pennies on the sidewalk in front of the drink machines. I spent quite a bit of time researching for my first article for Associated Content. I will update as to when it is published along with a link to it. My total is now up to $1.07. Only 21 cents to go for next level and thus far all of it has been found money. After I posted this we went shopping and on the way home stopped at another carwash. I found 1 penny, my wife found 31 cents and my son found 7 cents. My entire family is using the doubling method. So my stake is now at $1.08 only 20 cents to step 8.

Third Business: Refreshment Engineer

I work among a group of 5-12 people on a construction site. Often we are a long way from a store and I have noticed that most of the people I work with visit the drink machines on a daily basis when they have acces to one. An average of 8 drink are consumed by my fellow co workers everyday. I am going to start bringing cold canned drinks to work and sell them for 50 cents each. I can purchase a twelve pack for $2.50 and sell them for $6.00. I realize this will not get me far along in my steps but $2 a day profit equals $10 a week. That adds up to $520 in a year profit. That is not bad for what little time and effort is involved. Now all I have to do is get to a level where I can actually buy the drinks. This is definitely going to be a short term idea I am positive I can make a much better return elsewhere. This may boost me through a few steps though. I have a cooler and I already bring ice to work with me so that will not be an expense.

Monday, August 25, 2008

The Rules

Special Report By Stuart Goldsmith

Publishers Note: If you know of others that may benefit from this guide pass it on to them, but to protect the integrity of the system please don’t make any changes to the content of the guide.
© Copyright 2005

How To Double You Way to a MILLION in 28 Steps
[It is recommended that bookmark (hit CTRL-D to bookmark) this guide so that you can easily refer to it as you progress through each step of the doubling process]

Introduction

Hello and thank you for requesting this special report on How To Double Your Money To A Million - starting from absolutely nothing (not even one penny piece of your own money). My name is Stuart Goldsmith, internationally famous best-selling author of books such as 'The Midas Method','Attract Prosperity' and ,'Make Your Living Online'. Perhaps you have read my books or seen me on TV? My mission in life is to make the ordinary person rich, powerful and free. I am probably best known for a unique course I run called ,'The Inner Circle'. This is a small group under my personal tuition. I teach this group (in a simple step-by-step manner) exactly how they can gain unlimited personal wealth and power, together with absolute freedom. Places are offered strictly by my personal invitation and these places are not advertised directly to the masses. Meanwhile, on with the task at hand. How To Double Your Way To A Million which incidentally, is nothing whatsoever to do with 'The Inner Circle' or my other writings. This unique system started as a bit of fun, but rapidly became serious as many people began to report to me their success using the method. The exciting thing about it is that you start from nothing - zero, zilch, nada. You are not required to put one single penny piece of your own money into this system. It also teaches the vital strategies for becoming wealthy - strategies which change as you get richer. The techniques you use for making pocket change will not work when you come to make the big bucks. Through using this system you receive a vital training in how to make a million, ten million or even a hundred million! The really big temptation is to spend the loot as soon as you get a sizeable chunk. Please try to resist this temptation!

What Is The ‘Doubling’ Method?

The human mind is a funny thing. It can't cope with large projects. Instructions such as:"Make one million from nothing," or "put a man on the moon" are likely to be met with inaction. The project is just too large - you cannot get your mind around it. But as every software writer, engineer or designer knows, these large projects can only be handled if they are broken down into a series of easy steps. In fact, "the longest journey starts with the first step" is a very true saying. Anything is achievable if you break it down into 'bite-sized' steps.

The advantages of my unique doubling method are as follows:-

1. It teaches you to start from nothing. Any fool can make a million, given a 'kick start' of (say) half a million from 'Daddy', or wherever. But it takes guts, determination and real spirit to do this from nothing - flat broke. This is what I want to help you achieve.

2. It teaches you that making money is all about people, marketing and selling. Everyone is in sales. Even if you are employed, you are selling yourself (and your skills) to your boss; day by day, hour by hour.

3. It teaches you that different strategies are required for different levels of wealth. The strategy for doubling $50 into $100 is not the same strategy for doubling $250,000 into half a million, but they both involve selling, or trading, which is the same thing.

4. It teaches you to be fearless because you don't put one single penny of your own money into
the scheme. With most ideas you are always worried about losing your 'stake money'. There is no stake money with this system! You really (for once) have nothing to lose by trying this method. When I say nothing, I mean nothing. You paid nothing for this report and you will not have to part with one single penny piece of your money.


5. It teaches you the limits of labour. You will rapidly realise that physically working has strict
limits and will not get you past step 20 at best. After that (and preferably before) you have to
'get smart' and start trading without adding your labour as a significant factor. Slaves labour - not you, but you haven't realised that yet!

6. It teaches the tremendous power of breaking large tasks into small, achievable, steps. All major life-goals are reached one step at a time. But perhaps best of all, it's FREE and it's FUN! The object is to start with nothing, get 1p and then double your way to way over one million pounds.

Surprisingly there are only 28 steps required to achieve this. They are:-

Your Twenty Eight Steps To A Fortune

Step 1 Find a penny lying on the ground, or be given it without asking for it.

Step 2 1 cent-2 cents

Step 3 2 cents-4 cents

Step 4 4 cents-8 cents

Step 5 8 cents-16 cents

Step 6 16 cents-32 cents

Step 7 32 cents-64 cents

Step 8 64 cents-$1.28

Step 9 $1.28-$2.56

Step 10 $2.56-$5.12 (Call it $5 to make it easier.)

Step 11 $5-$10

Step 12 $10-$20

Step 13 $20-$40

Step 14 $40-$80

Step 15 $80-$160

Step 16 $160-$320

Step 17 $320-$640

Step 18 $640-$1,280

Step 19 $1,280-$2,560

Step 20 $2,560-$5,120 (Call it $5,000 to make it easier.)

Step 21 $5,000-$10,000

Step 22 $10,000-$20,000

Step 23 $20,000-$40,000

Step 24 $40,000-$80,000

Step 25 $80.000-$160,000

Step 26 $160,000-$320,000

Step 27 $320,000-$640,000

Step 28 $640,000-$1,280,000

There! You've even got some spare change out of the million - $280,000 to be exact!

The Power of Stepping Stones

If your task were to turn a 1 penny into a million dollars in a fixed period of time, most
people (myself included) would find this somewhat daunting. However, if you were given (say) $500 and asked to double it into $1,000 this would seem relatively easy. Indeed, you could probably think of quite a few ways of doing it. The same applies to any single step above, e.g. $40 into $80, or even $80,000 into $160,000.

If I asked you "Could you make a million in one year?" you might reply "No way!" But if I say: "Look, how about if I start you off with half a million. Do you think you could turn it into a million?" Your reply might be "I'll give it shot! Give me the money and let's get cracking!"
Certainly this task would not seem a 'ridiculous', 'preposterous' or 'stupid' suggestion, would it? You'd have to be a real spineless wimp to say "No thanks. Keep your $500,000; there's no way of doing that." Right, so this is the task:- To turn 1 cent into one million+ .

There are some important rules which must be followed. Think of this as a game with a tasty
prize at the end. If you don't want to abide by the rules, don't play the game. Also, don't ask questions about the rules. The umpire's decision (that's ME) is final!

RULES FOR THE DOUBLING METHOD

The Rules (The actual rules are in bold type. Supplementary information is in lighter type.)
Definition:- The amount of money you have at any one time (depending on which step you are on) is called 'the stake'. Initially, your stake is nothing. Then it's 1 cent, then it's 2 cent, etc. On starting (say) step 16, your stake would be $160.

Rule 1. You must find or be given the first coin; a 1 cent piece. Ideally you should find it in the street, etc. Give yourself at least one month to do so, although in reality you will find it in the first day or week at most. You must not use 1 cent of your own money. Any money you find after this 1 cent (during any stage of using this system) can be added to the stake money. E.g. finding a $10 note in the street (assuming you can’t find the owner!) immediately leapfrogs you on step 12 (or can be added to the stake money if you are on a later stage).

Rule 2. You must use only the stake money during the current doubling attempt - you cannot
supplement it with your own money, borrowed money, etc. You don't have to use all the stake money but you can't use more than the stake money. This is explained further in rule 4.

Rule 3. During the first fifteen steps you must use the actual coins and notes gained in the
preceding step. Let me explain. Supposing you are on step 9 and have just doubled $1.28 into $2.56 (say two $1 bills, two quarters, a nickel and a penny). You must use these actual coins as your stake money for step 10, and not different notes/coins, or a cheque for $2.56. After step 15, it gets difficult to keep it up as the larger amounts of money will be in the bank and sales/trades will have to be done by cheque, etc. After step 15 I urge you to set up a separate bank account just for this doubling operation, but this is not a rule, just a suggestion.

Rule 4. If your current step results in more than doubling, then you must spend the surplus on
yourself and leave only the approved stake money. For example, if you are on step 17 and manage to change your stake of $320 into $700, then you must spend the extra $60 (leaving you with $640) and not carry this onto the next step to make it easier. Put simply - start each step with only the stake money allowed for that step.

Rule 5. If your current action results in less than doubling, then you may use as much of the
original stake and profit to complete this step. In short, on any one step you don't have to double
the money in one transaction. You can carry out as many transactions as you like, until you have
succeeded in doubling the stake money. Example: You are on step 18 ($640-$1280) and you manage to do a deal which increases the $640 stake to (say) $900. You may now use that $900 in another deal to try and reach $1280.

Rule 6. You must keep a diary of events. Use any notebook. One page per step. Head each
of 28 pages with a title e.g. STEP 11 $5-$10. On the page you will record the date and method of achieving the step. You will also use it for planning the next step - coming up with ideas of how to achieve it.

Rule 7. Throughout your doublings, you will need several different strategies. It's obvious
that the strategy for turning $1.28 into $2.56 will be different from the strategy for turning $160,000 into $320,000. Because of this, rule 7 (the most important rule) is: Don't worry about how you are going to manage future doublings. Concentrate only on the current doubling. (Thinking too far ahead will discourage you. Avoid deadly thoughts like this: "Sure, I can double $5 into $10, but how am I going to double $40,000-$80,000? It’s impossible. I may as well give up now.")

Rule 8. You'll be tempted to break the chain when you get to a reasonable amount of money
(e.g. $50,000). This temptation will be overwhelming the more money you make. So here is the most difficult rule of all: You're not allowed to spend one penny of the money (apart from as a stake) until you have one million + in the bank. Then it's all yours. I have to tell you that most people remain poor for one major reason - lack of discipline. This indiscipline permeates their lives from top to bottom. Rule eight is the toughest of the lot. Do you have what it takes? You think so? Hmm, I wonder. Imagine you have $100,000 in the bank right now. Can't you think of a lot of 'stuff' you would want to run out and buy? Can you resist this temptation? We'll see...

Rule 9. Another tough rule: You must not divert money into the system which you would have got anyway had you not been doing the system. You must always use the stake money to gain the next step. Essentially then, you must trade to achieve each step, rather than work (in employment) to achieve it. You may take on extra work outside of your normal field of occupation, but I warn you now that there are strict limits to how far you will get using this approach. Trade, don’t work.

Rule 10. You must use only the stake money, and not 'stolen' or 'hidden' resources. You can use
resources that you own and are fully paid for (e.g. a PC, Fax Machine, car, etc.) but these should
retain their value after you have finished the step (e.g. you can't sell them to raise money!). You
should also avoid using anything which is part of an existing business run by you because the hidden costs are being born by that business and not by the system. Ditto for using your car, if the running costs are not being paid out of the stake money. Use common sense. The odd phone call 'on the house' or trip in the car is okay. Running a taxi service using a car you already own, or making 10,000 copies of a manual on the office photocopier, free of charge amounts to stealing from outside the system. The doubling system should ideally 'stand alone', well apart from your
normal employment and method of making money.

Rule 11. This is the snakes and ladders rule. If you 'fail' on a step, you must drop down the 'snake' until you arrive at the step represented by your remaining money - and start again from that step. E.g. you are trying to double $5-$10. You buy something for $2, hoping to sell it. You fail and have lost the $2, leaving you with $3. You are now back to step 10 ($2.56-$5.12).
Rule 12. You are allowed to add your labour. For example, you can buy raw materials for
$20 (stake money), and rework them into something which you sell for $40. You will quickly realise the limits of this approach, however, and this is a powerful teaching lesson. You can't get rich by working in a conventional manner.

Rule 13. The 'master strategy' which works for every step is as follows:- "Use the stake money to create a value which you can sell for more." Ponder on this, meditate upon it. Herein lies the key to your success. Incidentally, this is the master strategy behind every single company, large or small, across the globe.

Further Notes and Examples

In case the rules are not clear, these notes expand upon the basic concept.

Rule One:- There is magic in finding or being given money. It is quite important that you find this initial coin, and you almost certainly will if you look hard enough. This is step one - finding a penny. In the unlikely event that you do not find such a coin (try supermarket car parks!) then let me know and I will send you the first penny. To double 1 cent-2 cents and a few further steps, just ask a friend (or even a stranger): "I'm trying an experiment. If I give you this penny, will you give me 2 pennies?" They'll give it to you. Avoid getting involved in discussions. Invent a reason why you need it. Don't talk about the doubling program, ever. This technique works for the first few steps! I've tried it! Just go up to a friend and say: "Look, I know this sounds crazy, but I'm doing an experiment. Don't ask me any questions, I'm not allowed to talk about it, but if I give you 16p, will you give me 32 cents? I know you lose out to the tune of 16p, but it's only small change and it will help me prove a point. I'll tell you everything about it when I've finished the experiment in a few months". Few people can resist this. It only works up to about 32 cents, for obvious reasons. Any more money you find is regarded as a ‘gift’ to the system and can be added to your stake money. As soon as you start this system, one thing you will immediately notice is that you start finding money all over the place!

Rule Two:- Supposing you are on step 13 ($20-$40). You see an amazing bargain which costs $30 and could be sold for $80. Sorry, but you can't add $10 of your own money to the $20 stake. You must either haggle them down to $20, or find another strategy. Think of 'outside' money as contamination to the special magic of the 'doubled' money. Don't let outside money taint your stake.

Rule Three:- Supposing you have just made $40 (in step 12). This rule means you can't put it in the bank (or spend it) and then use another different $40 (cash or cheque) as your later stake money for step 13. This breaks the chain. In the initial tentative first fifteen steps this has a magical effect. By then, you'll believe in the system and it becomes less important. It is also tricky to deal in cash over a few thousand dollars.

Rule Four:- For example, you do better than expected at step 14. Instead of $80 you find yourself with $90. This rule means that you must retain $80 and spend $10 on yourself as a treat. You must not use the full $90 as stake money in step 15, to make this step easier.

Rule Five:- For example, you are on step 14. You invest $40 and only get back $60 instead of $80. That's okay, you can use all $60 (or less) in an attempt to make the extra $20. If you make more, then rule four applies. You don't have to complete each step in one transaction or 'deal', although the earlier steps will almost certainly be 'one deal per step'. Later steps will almost certainly be several transactions per doubling.

Rule Six:- This is most important for charting your progress and for planning new ideas. It will also be an amazing document to own once you have completed the system, and will help other people to follow you.

Rule Seven:- More than anything, this is an exercise in mind power. You can ruin your chances of success if you fret about step twenty whilst on step three. It will stop you progressing. You'll be thinking: "This is nonsense. How am I going to turn $80,000 into $160,000? I can't do that!" And this whilst you are on step five - trying to turn 16 cents into 32 cents! As you progress, the next step will seem easy. For example, having successfully turned $5,000 into $10,000, you'll have some good ideas about how to turn $10,000 into $20,000. But you won't have these ideas whilst you are several steps before this - so don't worry about it. Concentrate on the step you are currently trying to achieve, and ONLY this step.

Rule Eight:- None of the rules can be 'enforced', particularly this one. It's up to you what you do with the money. But if you spend it at any point during the process, then that's the end of the system for you. Don't bother trying to pick it up again, because it won't work. The only thing you could do would be to start from 1 cent again at some future date. This is the most difficult rule. People just can't keep their hands off the money. The second it builds up to more than a few hundred, they 'dip' into it for some 'essential' junk and ruin everything. This is about self-will and determination. If you don't think you've got the guts to see it through, don't even start the system.

Rule Nine:- The money gained must be NEW money. Money you wouldn't normally have got unless you had started the doubling system. For example, you are on step 10 and struggling for a way to get to step 11. It is not permissible to work a few extra hours down the pub (or wherever you normally work) to get the money. You could have done this anyway, it is not 'new' money. Also, you are not employing the stake money to achieve this step. Supposing you are already running a small business. You are not allowed to use stake money to buy and sell within your existing field of operation (using overheads paid for outside of the system). This is not new money and you are using all sorts of 'hidden' advantages (existing products, customer loyalty, etc.) to help you achieve this step. You could have done this without the system. As a rule of thumb, you should trade in totally unrelated areas to your normal employment or business.

Rule Ten:- For example, it is not permissible to buy $40 worth of paper and then use the office colour photocopier to run off fine art prints which you can sell for $80. Why? Because you are inputting more than the stake money. You are not counting the cost of purchasing and servicing the copier, or creating the original artwork. In effect you would be stealing these values from someone else. The correct way of doing this would be to create the artwork yourself (or genuinely be given it, free) and then to go to a copy shop and pay the true price of colour photocopying. I hope you see the difference. This rule says little more than "don’t cheat".

Rule Eleven:- Supposing you invest $80 and it goes horribly wrong. Instead of the expected $160, you end up with (say) $6. This can happen, don't worry about it. This means that you must consider yourself now to be back on step 11, trying to turn $5 into $10 (again).

Rule Twelve:- Be aware though, that this strategy will only work up until about step 20, after which you have to work too long and hard to make each successive step happen. Again, this must be something you're not doing already. Ultimately you will have to trade - buy and sell or start a
profitable company with the stake money. Now please reread rule seven.

Rule Thirteen:- People will only part with money for something of value to them. Anything else is a 'con'. My entire philosophy of life is creating values which fulfil needs resulting in honest trade. Anything else is highly likely to fail. You could gamble the stake money (e.g. place a bet on a horse), but because you are not creating values, you are most likely to fail and lose the lot.

Hints & Tips
Don’t discuss this with anyone outside the system. Most people are negative, hopelessly
entrenched sceptics. They will bring you down. They will laugh. They will scoff. They want to
destroy your confidence. Why? If you succeed, that means they have to do something - and they don't want that. It’s easier to knock YOU down to size.

Form a ‘mastermind’ group of four or five friends, all doing the system. Like ‘weight watchers’ meet regularly and compare progress. All members help the slowest member. Discuss/share ways of doubling a particular step. Meet once a week to start, then once a month. Keep telephoning each other.

Keep the momentum going. The biggest enemy is losing steam. I know people who have done the first ten steps in ONE AFTERNOON and then run out of puff!! Start thinking positively. Buy my book The Midas Method or any motivational book. Get out of your previous negative habits. Start reaching for the stars. You may not get there, but you sure as hell won’t come back with a handful of mud. Make this work for you. Stop dreaming about becoming rich or winning the lottery. The world is there for the taking by doers, not dreamers. Dreamers remain broke.
Now go out and find that first penny..!. When you do, it will be an amazing experience, I promise you. Try shopping centres, supermarket car parks, etc. You WILL find one. Since starting this system, I have found several coins every week! Good luck to you, but remember, ‘luck’ is found at the cross-roads where preparation and opportunity meet. Please write to me with your successes and I can tell other people.










Second Business: Freelance Writing

A while back I came across an incredible site. Associated Content. Associated Content is an incredible site. They pay you money up front for articles they also allow you to promote your websites etc within your material. They do state that the article must have a purpose other than self promotion. Anyway, I wrote an article for them a couple of years ago. My wife is an accomplished writer, I was looking for a way for her to make money at writing and I found this website. She of course was skeptical, so I wrote an article from the hip with very little thought put into it. It took me about 15 minutes to write if that and they paid me 3.88. They say they will pay upwards of $20 per article. I am positive if I had spent the time to do the research and refine the article that they would have paid me a lot more. Anyway, one good thing about this site is they also pay a certain amount for every thousand page views your article receives. You could actually build a residual income, while promoting your blog or website, while also getting paid. How sweet is that. Not only is it free advertising. They pay you to advertise.

Stay on the path.
Rgrace

First Business: Scrap Metal Removal Specialist

The first strategy or business to implement in this game is "Scrap Metal Removal Specialist". I know this is not very original there are others who did quite a bit of this in their early steps. Actually though, I had already started this before I read the Double to A Million Plan blog. I will be going a slightly different route as well. My job is at a construction site. There are many small pieces of scrap copper lying around. The larger scraps do not stay long they end up in someone else's truck way before I have a chance to snag them. But anyway, I probably have collected 3 or 4 pounds of copper in the last week. I will also start gathering cans from the job site and the road side and selling that as well. The copper along with the cans should get me well on my way. There is at least another 2 to 3 pounds of copper lying around on the job site I will probably retrieve it tomorrow. The main problem with this strategy is the recycling center is 35 miles from my house which means I would not break even if I were to pay for the gas. We do go right by the place once every couple of months so I will wait till we are going to be in the area. I am really anxious to get some more funds and just wish we were going that way sooner. Patience is one of the areas in my life that I feel this plan will have a profound effect on.

Stay on the path.
Slow and steady.
Rgrace

Ideas to knock out a few of these steps.

Many ideas have come to me since starting this blog. I have started to implement a couple of them but have not finished any as of yet. This post is just kind of to organize my thoughts and show where my thoughts are at the moment.

1. Collect scrap metal.
2. Write articles for associated content.
3. Sell canned soft drinks at work.

Keep in mind I only have $1.05 so any of these could easily double my money a few times over.
There are many other ideas in my head that I can not implement as of yet. These other ideas are on the back burner for now and I will definitely list those strategies as it gets closer to time to implement them.

The main problem with all of these ideas are the fact that they are service jobs. I do the work once and get the pay once. The only exception is associated content. This is fine for the lower levels as I move up I will try to find more ways to make a residual income. That way I can do the work once and get paid many times over.

I will keep you up to date as to when I implement these strategies and how it works.

Stay on the path.

Rgrace

Others following a similar path.

Yesterday a good portion of the day was spent visiting the blogs of many like minded people. Maybe I am not as crazy as I originally thought. There are many others walking this path. One blog in particular really stood out and I spent hours reading his blog.

Double to a million plan

There were other blogs that stood out as well and as I have time I will go back and revisit them.

Sunday, August 24, 2008

Baby steps along the path.

It is possible to make a million dollars without spending any of your money and there are only 28 steps to make it there. You do not believe me? Fine, I will prove it. Below are the steps that could change your financial life forever.


Step 1: .01
Step 2: .02
Step 3: .04
Step 4: .08
Step 5: .16
Step 6: .32
Step 7: .64
Step 8: 1.28
Step 9: 2.56
Step 10: 5.12
Step 11: 10.24
Step 12: 20.48
Step 13: 40.96
Step 14: 81.92
Step 15: 163.84
Step 16: 327.68
Step 17: 655.36
Step 18: 1310.72
Step 19: 2621.44
Step 20: 5242.88
Step 21: 10485.76
Step 22: 20971.52
Step 23: 41943.04
Step 24: 83886.08
Step 25: 167772.16
Step 26: 335544.32
Step 27: 671088.64
Step 28: 1342177.28

Step 1 is from a penny found lying on the ground. Then each step you will figure out a way to double your money using only the money that you have. As you concentrate on each step it should not be too terribly difficult to get from each step to the next. I have been doing this experiment for a little over a week and am on step 7 and most of the way to step 8. I have made it to this step only from found money. I am currently working on some ideas to make it from this step to the next. My next entry will have some of these ideas. Future entries will show the results of those ideas whether success or fail and how much I made or lost on each idea. I encourage your ideas and comments throughout this process.

My previous progress.

I started this experiment on the 16th of August 2008. This blog is just to get you up to speed on what I have accomplished thus far. On the 16th of August I read the rules on Penny Millions. I decided to join the experiment at that point. Everytime I went to a public place I would look for spare change. I had very little luck doing this at first. With no success for a couple of days I started to check vending machines for spare change. I found a dime on the 20th of August. On the same day I was given a quarter without asking for it. So altogether that brought me up to 35 cents. On August 21 I found another dime in a vending machine I am on a roll now. Up to this point I am at 45 cents. As I was driving to a friends house yesterday I stopped at a car wash that was on the way. I walked the parking lot and within a minute or so I found another dime. That brought me up to 55 cents. I stopped to get gas on this same trip as I was pumping gas my wife was walking the parking lot of the car wash next door to the gas station. She had agreed to split any money found with me (she is also doing the penny millions plan). She hit the jackpot and found four quarters which brought me to my current amount of 1.05. And currently that is where I am at.

Penny Millions Rules

In a previous blog I stated that the link to the rules would be forthcoming. Here is the link to a website called Penny Millions. The website is completely free and all of the information to get started is contained there. Penny Millions is not the actual plan I am following although it is very similar and a very helpful web site.The Rules are the actual ones I am following. It is an article by Stuart Goldsmith. I really wanted to sum it up but it is stated that I may distribute the article but can not change it so sorry if it is a little long winded. Enjoy.
The Rules
Penny Millions

Million dollar experiment.

This blog is a journal documenting an experiment I have recently gotten involved in. Have you ever heard the story of the little kid who tells his dad that he does not have to pay his allowance anymore? All the kid asks is that his dad pays him a penny and doubles it daily. The dad is more than happy to do this and is proud of his unselfish son. After 2 weeks he realizes that his son is a very cunning child and he has no choice but to break his agreement to his son. For those of you who do not know he would have to pay his son well over a million dollars in less than a month. Well, the experiment I am doing is similar in nature. The original was written by Stuart Goldsmith and it has been rewritten many times. The experiment entails finding your first penny, then finding ways to double that penny. Then doubling the 2 pennies. Then doubling the 4 pennies... etc. etc. There are rules to follow as well. I will link to two different versions of this plan for you to read. This blog will journal my progress and I will also toss around the ideas to get to the next step. Links to the original articles will be coming in a future blog. If this interests you feel free to jump in and comment. I hope I encourage others to participate in this project. The more minds we get involved the more chance we will all be successful.