Thursday, December 28, 2006

28step update

I hope everyone is enjoing the holidays.
My doubling fund is now up to .53 cents from bottle deposits.
Being self employed "without a real job" it's easy to come up with ideas the hard part is not touching the funds to buy gas, food and so on. Thats what happaned to my last attempt at doubling.
I am currently working on buying a rental property to provide a steady income along with investments that pay a dividend.
The trick is paying bills while building capital for investments, ie. managing cashflow. Finding short term investments to park my money for 1or 2 months till its needed to pay bills can be a fulltime job in itself.

Friday, December 08, 2006

just ask, doubling game update

Stopped to see a friend today, I noticed an empty coke bottle so I ask if he'd sell it to me for 3 cents. After I told him about starting with a penny and trying to double my way to a million, he told me I could have the bottle and to keep my pennies.

When I left he offered to save all his empties for me. With a 10 cent deposit on each bottle this could add up pretty quick.

I am now up to $.13 which is between steps 5 & 6. Only 22 steps to go.

It's amazing what you can get just by asking. If your getting the wrong answers, you might want to change the questions your asking.

Thursday, December 07, 2006

One Penny Project: Passive Income or Residual Income

here is a link to another like minded soul
One Penny Project: Passive Income or Residual Income

I have found that life is more fun when you not only think outside the box but live outside the box.
I have learned to relax and enjoy the trip and the thrill of doing something new rather than being tied to the results.

We need to have goals but the most important thing is the trip, because that is where live happens.
The goal is just an excuse to play the game.

I now have 3 cents in my doubling fund.
I told a friend what I was trying to do, he gave me 2 cents and told me to keep my penny and just remember him when I make my millions.

Sunday, December 03, 2006

Double your way to a Million

Years ago, like about 30, I read that if you started with a penny and doubled it every day you would be a millionaire in less than a month. It didn't take long for me to realize that my weekly paycheck wasn't going to do it. So I forgot about it until, fast forward 30 years, a couple months ago. More like 9 months ago.
I ran across an e-book I downloaded about becoming a millionaire in 28 steps. After reading it I decided to give it a try, hence the name team28
. Than life happened and after step 7 I forgot about it and the money got mixed in with the rest of my change.
Well the other night I ran across a site named "oneredpaperclip". It tells the story about how the auther starts with one red paper clip and trades his way to a house.
The site is http://oneredpaperclip.blogspot.com It's worth checking out and reading his story.
It got me thinking about my failed attempt to double my way to a million dollars, so I desided I would try again.
I have my penny to get me started. Does anyone want to buy a shiny 2004 penny for 2 cents let me know, no telling how log it will last at this price.