Tuesday, 20 April 2010

Damm ... and Brainwave! ... I can sell to myself

Step 9 £1.28 to £2.56

OK thats not good. I had picked up a few coins here and there so decided to add them to my stash and have a count up. Counted up and with the few extra coins I added I have £1.50. Damm somewhere I have lost over 15p or the kids have done a moonlight raid :o(. Ah well so stash is now £1.50.

I have been pondering the issue of not using stuff that you already have and using only the "cash from the stash" (hey I like that, has a certain ring to it). Anyways I digress. I, like im sure many people have, loads of 'stuff' in their house that can be sold. However the rules say you cant use stuff that you already have...

Rule 12 says ~ 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.
Ultimately you will have to trade - buy and sell or start a profitable company with the stake money. Now please reread rule seven.

Rule 7 says ~ 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.”)
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 16p into 32p! 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 13 says ~ 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.
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.


OK ive digressed again (Im going all over the place today)... So Ive checked the rules and it doesnt say anything about buying 'stuff' from yourself using the 'cash in the stash'. So that's what I will do, rather than buy some old tat from somewhere to sell on, I shall sell my own tat to my TMill enterprise using the cash that i have found. That way all parts of the rules are being adhered to. :-)

That way I can help both out as have just sold house and have a lot of stuff to clear.

Fantastic! ... onwards to the stars!

Starting Bal: £1.65
Finish Bal: £1.50
To complete step: £1.06

Tuesday, 16 March 2010

Another 5p need to move forward

Step 9 £1.28 to £2.56

Method: Got to the station today and found a 5p. Strange as I had just been thinking how there had been a lack of finds to be found.

Planning: Need to make a decision on buying something with the money I have so far, to sell on. Cant keep on looking for coins need to move on to the next stage.
Its strange but Ive become protective over the money Ive found so far. I suppose its because it can take so long to find just 1p, each 1p is then very precious, lol especially when you've probably got a pocket full of change. Still can't cheat. Needless to say I dont drop pennies on the floor any more.

Things are very busy at present trying to move house, organise a major birthday party. Feel like Im chasing around a roundabout trying to get on.

Starting Bal: £1.47
Finish Bal: £1.65
To complete step: £0.91

Friday, 5 March 2010

11p up

Step 9 £1.28 to £2.56

Method: Today found a 5p while out running. Then found another 5p on the floor in a meeting room. Maybe I should have handed this 5p in to security ? Hmmm figured they would think I was a nutcase so its added to the fund. Then on train on way home found a 1p so stash has increased by 11p


Starting Bal: £1.47
Finish Bal: £1.60
To complete step: £0.96

Thursday, 4 March 2010

Hmmm Ive been thinking, always dangerous :-)

To truly double your way from nothing to a million would mean that you cant use your computer until you can afford to buy one from your doubling efforts.

Oooh! that's a contentious statement, ...I mean if you said to a homeless person double your way to a million my friend, there are coins to be found on the floor to get you started. That person wouldn't be able to fund a computer until about step 17.

I notice some people are using click back programs like ClixnCash, where you get paid for clicking on adverts. Now I'm playing devils advocate here and personally who cares how you get to a million. I just wonder if some of the lessons are being missed by following these routes and are these people setting themselves up to fail.

In his article Stuart Goldsmith makes a big point of saying that the 'master strategy' is to "use the stake money to create a value which you can sell for more"

I'm trying to find the value that is being created in a click back ad and maybe Im missing it. Maybe someone can point me in the right direction.

Likewise with buying and selling shares, I could see the value if a share advisory service was setup. I'm failing to see any added value with literally buying and selling which is bordering on gambling (contentious again). Which is another route that Stuart Goldsmith makes the point that you are highly likely to fail on.

Please bear in mind still that I am playing devils advocate here and not wishing to attack peoples chosen methods, each to their own.

I'm more questioning whether there are bigger lessons to be learnt by taking other directions. Maybe ones that will lay the foundations for bigger gains.

I'll get off my soapbox now and wish you all the luck you deserve.

Wednesday, 3 March 2010

A key

Today I added a key to my stash. I passed it on the floor 2 days ago near the station and something made me want to pick it up. What do I need a key for I thought and left it. The next day it was still there, kinda grinning at me. So I thought if its there tomorrow Ill pick it up. It was, so I now have a key? a small suitcase type key. Quite what I'm going to do with it I don't know as yet, so we'll see.

Maybe its a magic key ;-)

Two pennies closer

Step 9 £1.28 to £2.56

Method: Still ground scanning and found another penny today. been a bit busy recently and head is in overload. Ah well will keep creeping forwards with this. Also realised that I had one penny more than I thought I had in my fund. Cant remember where it came from maybe I found it and forgot anyway its added to the fund. So plus 2p.


Starting Bal: £1.47
Finish Bal: £1.49
To complete step: £1.07

Friday, 26 February 2010

Step 9 £1.28 to £2.56 - CURRENT

Step 9 £1.28 to £2.56

Method: Ok need make £1.09 to turn £1.47 into £2.56. Still thinking that buying something from charity shop so that I can add value to it and sell it on. Hmmmm I'll think on this.


Starting Bal: £1.47
Finish Bal: £0.00
To complete step: £1.09

Tuesday, 23 February 2010

Step 8 £0.64 to £1.28 - COMPLETED

Step 8 £0.64 to £1.28 - CURRENT

Method: Today was a real good day for finding coins. Came out of the Station and found 20p looked down again and there was another 5p. So 25p in one hit which completes this Step. Then as I was going down Bird Cage walk found another 2p. 27p in total best day yet :-)

Planning: Keep your eyes scanning the ground

Starting Bal: £1.20
Finish Bal: £1.47
To complete step: £0.00

Onwards to Step 9 £1.28 to £2.56