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.