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...

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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.
Note:
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.”)
Note:
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.
Note:
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.
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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

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

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

Planning:

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

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.

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.

Planning:

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

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.

Planning:

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

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

A Penny

Step 8 £0.64 to £1.28 - CURRENT

I have been lax in keeping the diary updated. Nothing much to report here found another 1p outside Mums house on the pavement. Creeping forward.

Starting Bal: £1.19
Finish Bal: £1.20
To complete step: £0.08

Step 8 £0.64 to £1.28 - CURRENT

Step 8 £0.64 to £1.28

Method: The coin drought seems to have finished. Found 1p at station on way home last night and another 1p as I got to the station tonight.

Planning:

Starting Bal: £1.17
Finish Bal: £1.19
To complete step: £0.09

Step 8 £0.64 to £1.28 - CURRENT

Step 8 £0.64 to £1.28

Method: Still going through a coin drought have found no lost coins on streets recently. Will have to try another tack.

Planning: Have set up ebay account and pay pal account. Then the thought occurred to me that in using the computer Im using a resource that hasn't been paid for by the system. Hmm that deserves more thought. The system says you can make limited use of, say a car, as long as you don't use it to make money by running a taxi service. So a PC must be the same.


Starting Bal: £1.17
Finish Bal: £1.17

Step 8 £0.64 to £1.28 - CURRENT

Step 8 £0.64 to £1.28

Method: Been looking but there has been a coin drought the last few days so no further progress as yet.

Planning: Set up Ebay account

Starting Bal: £1.17
Finish Bal: £1.17

Step 8 £0.64 to £1.28 - CURRENT

Step 8 £0.64 to £1.28

Method: Hmmm I need 11p to complete this will complete this step by finding more coins on floor.

Planning: Need to set up an Ebay account, I already have one but I would be benifiting from the good comments that I have so thats not aloud in the rules. I have also not used any loose coins found in house as thats already mine really. Likewise with my cup of loose change at work.

All money in the balance at present has been found on the street.

Starting Bal: £1.17
Finish Bal: £1.17

Step 7 £0.32 to £0.64 - COMPLETED

Step 7 £0.32 to £0.64

Method: the pound coin found today means that stage 7 is completed

Planning:

Step 7 Completed £0.32 to £0.64
Now on step 8 Step 6 £0.64 to £1.28

Need another 11p to complete Step 8

Starting Bal: £0.17
Finish Bal: £1.17

Step 6 £0.16 to £0.32 - COMPLETED

Step 6 £0.16 to £0.32

Method: Was keeping an eye out for any coins as I was cycling to the station this morning and found a 1 pound coin so that jumps me up a bit

Planning:


So Step 6 Completed
Step 7 Completed £0.32 to £0.64
Now on step 8 Step 6 £0.64 to £1.28

Need another 11p to complete Step 8

Starting Bal: £0.17
Finish Bal: £1.17

Step 6 £0.16 to £0.32

Step 6 £0.16 to £0.32

Method: Was out running this morning and found a penny on the floor which puts me on 17p total.

Planning:

Starting Bal: £0.16
Finish Bal: £0.17

Thoughts

Was looking in a charity shop window and noticed that certain ceramic items like a china robin (bird not batmans sidekick) was .50p Hmmm can I buy items from charity shop and sell on for a profit ... how would I add value.

Idea's

Re-Packaging
create sets of items that go together
think think think

Step 5 £0.08 to £0.16 - COMPLETED

Step 5 £0.08 to £0.16

Method: Still scanning the pavements for pennies which have been lacking in lost pennies in the last few days. Was lucky yesterday and found 5p on waterloo station and today i was coming out of a shop I said to myself "right I just need 1p to complete step" ... looked down and there was 1p on the floor as if by magic. So step 5 completed.

Planning: NA

Starting Bal: £0.10
Finish Bal: £0.16

onwards to step 6 £0.16 to £0.32

Yesterday is history. Tomorrow is a mystery. Today is a gift

Imagine there is a bank account that credits your account each morning with £86,400. It carries over no balance from day to day.
Every evening the bank deletes whatever part of the balance you failed to use during the day. What would you do? Draw out every penny, of course?
Each of us has such a bank. It's name is TIME.
Every morning, it credits you with 86,400 seconds.
Every night it writes off as lost, whatever of this you have failed to invest to a good purpose.
It carries over no balance. It allows no over draft. Each day it opens a new account for you. Each night it burns the remains of the day.
If you fail to use the day's deposits, the loss is yours. There is no drawing against "tomorrow."
You must live in the present on today's deposits. Invest it so as to get from it the utmost in health, happiness and success!
The clock is running!! Make the most of today.

To realise the value of one year, ask a student who failed a grade.
To realise the value of one month, ask a mother who has given birth to a premature baby.
To realise the value of one week, ask the editor of a weekly newspaper.
To realise the value of one hour, ask the lovers who are waiting to meet.
To realise the value of one minute, ask a person who just missed a train.
To realise the value of one second, ask someone who just avoided an accident.
To realise the value of one millisecond, ask the person who won a silver medal at the olympics.

Treasure every moment that you have! And treasure it more because you shared it with someone special, special enough to spend your time with. And remember time waits for no one.
Yesterday is history. Tomorrow is a mystery. Today is a gift. That's why its called the present.

Step 5 £0.08 to £0.16

Step 5 £0.08 to £0.16

Method: Today when I reached the station I decided to have a quick wander round rather than just standing waiting for train and found 2p so total now 10p.

Planning:

Starting Bal: £0.08
Finish Bal: £0.10

Step 5 £0.08 to £0.16

Step 5 £0.08 to £0.16

Method: Find,

Planning: None

Starting Bal: £0.08
Finish Bal: £0.08

Step 4 £0.04 - £0.08 - COMPLETED

Step 4 £0.04 - £0.08

Went out at lunch to building society and found 1p. Had a look around on way back but nothing to be seen.


Starting Bal: £0.07
Finish Bal: £0.08

Step 4 £0.04 to £0.08 -

Step 4 £0.04 - £0.08

Method: Continue searching for lost coins on the ground, finding the 5p in the previous step has meant I only need to find 1p to complete this step.

Planning: Keep an eye out when ever out walking

Starting Bal: £0.07
Finish Bal: £0.07

Step 3: £0.02 to £0.04 - COMPLETED

Step 3 £0.02 - £0.04

Finding the 5p in step 2 has meant that this step is also completed. So onto step 4.

Step 2: £0.01 to £0.02 - COMPLETED

Step 2: Double the 1p I found to 2p

Method: Ground searching again

Planning: None

Decided as the 1p search was pretty easy Id go out again outside the house. Walked to the bottom of the road checking the ground where cars normally park. Found 1p at the top of the road, carried checking on the way back and found 5p wooo hooo. Thats bumped me up to the next level.

Starting Bal: 1p
Finish bal: 7p

Step 1 - Find a penny - COMPLETED

Step 1 - Find a penny

Ok I decided to just walk outside the house around our cul-de-sac and see what I could find. Came back with 1p so thats the 1st step done.

Its weird because although its only 1p its also a strangly exciting feeling.

Starting Bal: 0p
Finish bal: 1p

Step 1 - Day 1

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

Method: Check out the pavement when next walking down the street.

Planning: None

Reminder re Adding Value

Having looked at some of the other blogs I will lleave this here as a reminder to myself.

"Use the stake money to create a value which you can sell for more"

Background

Many years ago I sent for a booklet which duly arrived. "How To Double Your Way to $1 Million in 28 Steps". The little gold booklet is still somewhere in the house, but I never did anything with it.

Recently for some reason it popped back into my head and I did an Internet search. This resulted in finding several sites relating to it, so I have decided to give it a go. If nothing else it will be an interesting project to show my kids. Maybe they can learn from my mistakes.