Sunday, 9 September 2007

Back in Blighty


Hola Amigos. Hemos estado a España por nuestros días de fiesta.

For the uninitiated - this is Spanish to tell you've we've been on holiday. Guess where too? Well, having returned from the land of killer mosquitos and marauding bulls, I have only just solved the biggest problem of them all - how to order a pint of beer without some greasy Spanish youth looking at me totally gone out and repeatedly saying "Que" like Manuel on acid.

The written Spanish word for beer is "cerveza", which for your average Brit abroad is going to be pronounced '-curve -acer'. It is this pronunciation that got me howls of derision from other family members (who I might add, consistently spoke to every single Spanish person in fluent unbroken English, without so much as a thought that they might not be understood) and had several members of the Spanish waiter community thinking, "just ask me in English mate and get on with it!"

Well it's no wonder they didn't understand. I have now been onto a Spanish translation site which actually speaks the words and would you Adam and Eve it, but cerveza is pronounced "-dead -vaitza". No bloody wonder I couldn't get served without waving my arms around and pointing at what other people had got. "Dead waiter" - my arse!

Right - enough piffle about our European cousins, and back to our doubling. We've told you already, the next stage is going to be cracked in one go, but that hasn't stopped us finding money in the mean time ............where? - I eagerly hear you ask. Only in the slot machine arcade in the airport whilst waiting to fly out - you know the ones where you put your money in the slot in the top and it drops down onto a number of different moving levels. The coins then either get stacked up or cascaded down onto a lower level until eventually some get pushed over the edge as a pay out. The great thing is that sometimes, just the continual movement of the machine and gravity causes money to randomly drop out without feeding anything in at the top.

Bingo, 30p lying lonely in the tray on my way past to the Gents, and a further 50p dropped into the same tray by the time I was coming back. Together with a further two 1p coins lying randomly on the carpet, this proved to be a very profitable excursion passed an amusement arcade and a life first of coming away from one of those things in profit, and without spending so much as one penny - weh hey!

So, up to £93.15 and with Thursday 28th looming ever closer, preparations are well in hand.

Adios amigos - and thanks for still reading this bull. See you soon. Que?

Tuesday, 28 August 2007

I take it all back - Arkad


Hey, in my earlier post I described my apparent failure to successfully get any cashback from GreasyPalm. Wrong!!!!!!!!!!!!!!

Just logged onto GP and my cashback pot currently stands at £70.50p with £10.00 still pending verification. So total profit from that particular venture is actually at £25.50p in the bag (sorry Saucy!) with another big brownie due to nose dive into my account shortly. Wey hey £35.50p - kerching.

You know I said that I was ignoring this venture because I had used an outside account to fund the online deposits rather than the original coins, and for that reason we wouldn't include any future profit in our doubling pot - well just look behind you - there's a great big pig flying by. We'll get paid out in the October GP pay run. Be warned - blink and you'll miss our total go up by a mysterious and unexpained £35.50p ;-)

Ha, ha! See you all soon

Sunday, 26 August 2007

Cheating with Commemorative Coins?


We've caused a whole load of chatter in the Doublers Den having asked some advise concerning Commemorative Crowns. Hidden languishing at the back of my wardrobe, (obviously having been put away safely) I have recovered a load of Commemorative Crowns that were minted usually to mark some Royal Anniversay or other. The question we posed was whether these could be used to augment our doubling pot or not?

The rules clearly state that you should not use outside or "dirty" money. In other words you should not augment your pot with your current cash in order to do a deal or create a value. The "pot" should stand alone.

I wondered what the value of these coins were and did some Internet research. In 1990, the Royal Mint increased their face value to £5.00. Before this, they were worth 5 shillings, which upon decimalisation in 1971 became £0.25p.

Over the years, I have been given or accumulated 1 post 1990 and 3 pre 1990 Crowns, with a current legal tender value of £5.75p. Actually there were 8 more post 1990 Crowns still in their presentation packs in my wardrobe, but since the kids have now found out their worth, they have suddenly laid claim to them as gifts from their Gran. (A likely story, but one my ageing memory is unable to refute!)

So the question is "Can we legitimately add these to our pot, since they are legal tender and can be converted to today's denominations at any Bank?"

One view is No, it's "dirty money". The other view expressed by (our now good friend!) Rachel, is that if we would not have converted these coins had it not been for the plan, then it is a legitimate addition. Great - no unanimous rejection of the idea then.

We've pondered long and hard and are considering it thus. No one jumped up and down when we took some items from our own home and converted them for a value at a car boot sale. So we're not going to jump up and down calling ourselves cheats when we take some items from our own home and convert them for a value at a Bank on Tuesday and get £5.75 to add to our pot. So there.

This means we'll be up from £86.58 to £92.33 - wahey - just short of the ton. Our rule of zero's increase by one very shortly. Ha, ha, haaaaaaaaaaa!

A big thanks to all of you who keep popping by to read this drivel (especially you Saucy). Hope it inspires you, as much as it is inspiring us by keeping writing our journey.

See you all soon

Sunday, 19 August 2007

Plans for Stage 15 underway

Hi-de-hi campers. We've had a great week talking but until today, not a lot of doing. Suffice to say after last weeks blistering triumph, minds needed to be turned to the next target of reaching £160.00.

We have spent quite a bit of time this week discussing various strategies both for now and for future stages. Stuart does say however, don't think about future stages -focus on the one in hand. Nevertheless, we have been mulling over whether to create multiple income streams or whether to try and complete each stage in one go or transaction.

I am already involved in the running of two businesses. Nikki is also running her own which was spawned out of our first go at this at the beginning of the year. We got up to Stage 14 then as well, but then got side tracked and put a load of dirty outside money in to get Nik up and running - so the doubling plan went out of the window as we used more than our doubling pot. So we've decided that the main driver behind this adventure is fun - fun, fun, fun, and not the creation of another business. On this basis, we have challenged ourselves to try and complete each stage in just one go. We must be mad - talk about the riskiest option - but lets face it, we started this with nothing, so ultimately if we fail at any stage, we will have lost nothing, but had a load of fun trying.

OK, so plans are well afoot for Stage 15 - we will complete it on Thursday September 27th. One go, one hit, all at once - we will make £80.00. And we will spend absolutely not one penny, zilch, zip in the process. Blimey, that's 5 1/2 weeks away. Surely, there has got to be a quicker way to earn £80.00. Well actually, we think we've hit a rich idea stream. If we can execute this plan effectively, then look out - only 13 more transactions and we'll have done it.

By the way, a huge welcome to the Water Orton Doublers - H & G. After an inspirational conversation and an improptu introduction to the plan over dinner on Friday, they've had the idea hook line and sinker. They'd found a shiny penny only the previous day and for some unexplained reason, kept it safe. We got a text the following morning - H had now found a £1 as well- up to Stage 7 already!

The sting in this tail though is that having consumed wine with dinner before telling them of the system, bravado and competitive natures came to the fore. We're now in a race to a million. If they get there first, we're getting an all expenses paid trip to New Zealand - if we get there first, they're being treated to a caribbean cruise. I say - may the best team win. What they don't realise is we are going to get just short of the total, and then wait for them to win before we find our last penny to take us up to the million - ha, ha, ha.

We'll keep updating the blog even though progress is only likely to include any monies found in the mean time - unless of course we do snap up other opportunities that just happen to come floating by.

Speak to you all soon.

PS Found another 80p this week - total pot now standing at £86.58

Sunday, 12 August 2007

HALF WAY THERE! Only 14 Stages to go!


See, persistence pays off - we've cracked it. After a false dawn a week and a half ago, we have sailed passed the £80.00 mark this morning. And now you're bursting to know how we did it. Well I'll tell you - doing exactly the opposite I suggested doing at the last stage. We did get up at 6.30am on a Sunday morning (hell I thought it was hard getting me up, but getting two teenagers up at that time as well - crickey - now that's hard!) and off we went to OC's Sunday Summer Car Boot with nearly two boots full of our unadulterated junk.

Nikki had put us on the back foot right from the off by buying (I can hear the more discerning of you tutting already) two bloody pasting tables at £10.00 EACH, only to find out that Emma had two she could have leant us! Then with a £7.00 pitch fee, we were now £27.00 into our £45.16 stake money, with some serious work to do just to break even!

On a morning of broken cloud with patchy sunny spells, we had until about 12.30pm until the forecasted heavy downpours were due to arrive. So we're off, with two tables full of assorted books, games, videos, records, cuddly toys, womens clothes and a number of other assorted gems bought in the early nineties or beyond.

If you want to learn of an inspired marketing tip, then you need look no further. We had two dog cages up for sale that have now become superfluous to requirements. Well what better to attract plenty of attention to your stall than by having our one-eyed Golden Cocker Spaniel shoved inside one of them to model it for us. He attracted more people towards the stall than I have ever seen - and from the offers received we could have sold him a hundred times over, if only he'd been up for sale. Together with a level of constant sales patter provided by Pete, total earnings for the morning came to £67.60. Most suprising sales were of a Brevil Grill (we thought eveyone had already got one) for 50p and a copy of the "Best of the Cockney Rejects Vol III" vinyl LP, with the corner of the cover that had been chewed off by said Golden Cocker Spaniel when he was a puppy. If only they knew!!!!!

So once you take off initial investments we made a grand total of £40.60 and stormed through the £80.00 barrier. If you also include the monies counted previously as found, our end of Stage 14 total now amounts to a whopping £85.78.

It turned out to be a great fun morning and since we were on top of the figures and the money (good tip for later stages) we knew we had cracked it, so came home via Bickenhill tip and dumped everything that hadn't sold.

So, Stage 14 completed only 14 more to go. Off to plan Stage 15.

See you all soon and keep going at it - you won't get there if you give up.

PS Does anyone want to buy a pasting table - only £9.99 each - bargain!

Saturday, 11 August 2007

We've been 'tagged'

As a way to generate traffic and interest in your blog, there is a system known as "tagging". It's very much like playground tag where once you've been tagged, the idea is you tag five others. We were tagged by Arkad at The Doublers Den to write 8 Random Facts About Ourselves.

Well here they are:
1) We were married on 22nd August 1987 - can someone e-mail me on the 21st to remind me please! (20 years eh!)
2) We have a one eyed golden Cocker Spaniel called Jarvis.
3) We once went for a ramble with a group of people, one of whom had a Springer Spaniel called Jerry.
4) We have only just learnt what an asset is (it was about the same time we discovered we didn't really have any).
5) Nikki first set eyes on me when I was auctioning the services of 12 Rugby Club members as slaves for 24hrs as a social fund-raising exercise for the Club.
6) I leave the toilet seat up - Nikki doesn't.
7) We have two great kids - Gemma (17), Adam (15)
8. This project has got them both thinking - Adam came up with creating a web site selling anything and everything you could think of called Instant Gratification.com. Unfortunately, the domain has already gone. Ne'er mind, but nevertheless a great idea. Keep them coming son!!

And without further ado - here are the fortunate five "The Doubling Duo" have decided to "tag" to write 8 Random Facts About Themselves

Nicola Spencer at Teach your Child
Saucy Babe
The Pickled Livers
Blondie
Rachel Darcy


Oh by the way - found another 2p! Up to £45.18p

See you all soon

Friday, 3 August 2007

Nearly Half Way but not quite!!!

It is now Tuesday 7th August and I am ammending a previous post that brazenly boasted about smashing through Stage 14 with plans afoot to explode past Stage 15 too. Well unfortunately, we've had a bit of a hiccup. Our target for Stage 14 was originally set for August 31st so we're still well within target but we thought we might have done Stage 15 by now - but sadly not to be.

All the predicted flurry of progress was down to (and still with thanks and big respect) Arkad - The Richest Man in Atherstone. We mentioned earlier discovering a whole new community of people who are doubling to a million and posting their progress via their own blogs and a forum called The Doublers Den. Arkad is one of the moderators and I found his site last week where he had posted his method of how to make money via Cashback Websites by playing Internet Bingo, amongst other things. (Go have a look.). (Can you tell I've just learnt how to put a link in a blog!)

So, on Wednesday evening I logged onto Greasy Palm (£2.50 CB), then spent £5.00 on Gala (£10.00 CB), £10.00 on Bingo Cafe (£20.00 CB) and £10.00 on William Hill (supposedly £12.50 CB but it hasn't appeared on GP and William Hills aren't advertising on there anymore either). So maths at this point is £25.00 spent and £32.50CB (not bad for starters).

Well here comes the down bit. I went onto Game Village and spent £10.00 for an expected CB of £17.50. Blow me down but on my last game I won two lines for a grand prize fund of £23.47 - fan-bloody-tastic you would think. Well yes but no but... minimum withdrawal is £25.00. Easy thinks the smartarse, deposit another £10.00 and take the £33.47 straight back out. Oh no - hidden in the T's and C's is a clause that says new players must deposit and play through 4x original deposit before first withdrawal can be made. So I have £33.47 languishing in Game Village that I can't take out until I deposit and play through another £30.00. Assuming I don't win any more lines that will be a £50.00 deposit for a £23.47 gain. Oh and to cap it all, my CB hasn't registered and Game Village have disappeared off GP as well. (I think they all must have read Arkad's post as well!!)

Before I realised any of this I did apply for, and had accepted an application for an RSPCA credit card (£10.00 cashback - no investment) and got my own free credit report from Experian (£3 cashback, but I MUST remember to cancel my subscription so I don't get charged after the initial free 30 day trial.) So another cool £13.00 except that neither of these have been validated on GP yet. This weekend, I was going to introduce Nikki as a "friend" for which I will get a cool £7.00 and then repeat the whole process with her this time playing bingo and placing bets (oh and ordering a second RSPCA credit card!) but I kind of got cold feet a bit waiting to see if there were any updates from GP, because it does say it can take up to 30 days for your CB to be registered, and then perhaps another month till you get your cheque.

The net result is that we have come to a monumental decision. Despite my initial enthusiasm, we are going to remove any gains out of our doubling total for the time being. Currently I am £0.50p in profit from the whole experience, but there could be more coming in later.

Why are we striking this out at this stage? Well being an anal kind of git (as described earlier) - I realised we had actually broken the rules and didn't use the original coins as our stake money, which you should do up until Stage 15. No, we used dirty money from a debit card and an outside bank account.

So, we have gone back to working on completing Stage 14 but this time will use all those loverly little coins we have found or earned, that are sitting up pert in our money tub just waiting to be worked (currently £45.16). We have Kim and Aggy'd the house properly and the landing is packed full of junk ready for an assault on the OC's car boot on Sunday. Target - at least £40.00 to get to Stage 14, but as much towards Stage 15 as we can go.

What are the lessons:- 1) Read the small print 2) Don't break the rules you have chosen to obey 3) One small set back won't stop you getting to a £million.

Actually, I still think Arkads plan is good but as with everything, make sure you're clued up first. We are still going to make a few bucks in Nikki's name on the Bingo. Any futher cash back profits gained will be slipped into the total pot after we've gone past Stage 15 when none of you are looking.

Keep smiling, keep trying and most of all keep the faith.

Wednesday, 1 August 2007

Getting others involved

We never believed that we would be the only ones doing this, but we've now also found plenty of others who are blogging their progress. We will start to link them slowly as we gradually learn how these blog things truly work. In the mean time a more conventional hello to Mick and Claire. If Claire takes this on, look out for some really great and whacky schemes - you have been warned! ;-)

PS Found another 7p this morning.

Finders Keepers

I have said so many times already about this plan that it is not supposed to be find your way to a £million, but create something of value and trade your way to a £million.

It's spooky though, 'cos when you start to look out for the pennies, the pounds really do look after themselves. Look out for the pounds as well and you get that much nearer your next target.

I found another £1 coin today, and since the last update have now actually found a further £1.49p. Current running total £43.25! That's £13.25 we've found in two and a half weeks just because we've started looking for it.

See you all soon. The Scavenger!

Sunday, 29 July 2007

Stalled slightly this weekend.

Oh dear, after our initial target busting results, we have stalled on this weekends target of getting £40.00 to take us past Stage 14. It was GT's retirement do last night in Water Orton and as a result of a very late night (4.30am) I'm afraid I slept in 'till past midday by which time all car boots were closing up. Not only that, but me and Nik weren't disciplined enough to have our weekly Board meeting yesterday, so the focus for the weekend was not quite there.

Good learning curve really, keep disciplined and things happen - drop the discipline and they don't.

Oh well, it's not all bad news - I found a 1p piece in the utility room this morning - up to £41.76 then!

We have set a goal of a personal introduction to the weblog address to a least one new person / couple everyweek from now on. I've achieved that already - (hi you Spaldingers - click on comments at the bottom of this post to let us know what you think!)

Anyway, off to the boozer with Nik for a hairy dog and to refocus plans for next weekend. See you all soon.

Tuesday, 24 July 2007

Scavenger Hunt

Do you know, it's amazing when you tune in and focus on something, how much actual progress you can make. For ages, I have often seen loose change lying around our house, and with only a fleeting thought, wondered where it all comes from and where it all ends up.

Well, the where it comes from is now raving obvious. My children have been brought up in a generation where it appears that the pennies mean nothing at all, and the lowest denomination that is worth anything is a 50p. I don't know where they have got this from, but it certainly wasn't me. I am the type of really annoying bloke who you get stuck behind in a queue when you're in a hurry and who pays for his newspaper or whatever with all the one and two pence pieces I have amassed in my pocket. Ah, that's where they get it from - they don't want to be so anal!

Well, it is certainly paying dividends, because all the change that has been adandoned, lost, discarded by our two at home, and aparently others in the streets of Bromsgrove (where I work) is helping our doubling fund no end.

I have just found another 25p on the floor of our utility room, which now means that since we started this whole system, we have collectively found the princely sum of £11.75p.

If we keep going at this rate, our next Stage is in the bag (excuse the pun Saucy)earlier than we thought.

Just a quick missive while eating my breakfast - see you soon.

Sunday, 22 July 2007

Easy on a Sunday morning.


Well what can I say - Stage 13 completed this morning - only one more Stage and we're half way there.

OK so how was it done, I know you're itching to know. Simple. We had decided that a car boot sale was in order, so that we could sell all that junk round the house that is just festering and never used, before it gets to the point where not even a booter would buy it. I started the process yesterday, by sorting through the CD rack. God there were some sad CD's in there (none of them mine though!). Two S Club 7 CD's, too many by George Michael and one by wait for it................Donny Osmond!!!!!!!! (aaaaarggggggggghhhhhh.)

Anyhow, I spent yesterday making sure each CD and box was clean and sparkly, and any with broken cases got replaced from all the other empty boxes that had accumulated over the years. I amassed 53 single CD's, 7 double CD's and 3 triple CD's, none of which have been played for years.

But we hadn't pre-booked a pitch anywhere, so with a different idea brewing, off we went to Old Coventrians Rugby Club car boot sale mid morning, armed only with the CD's nicely laid out in two small boxes. Since it has been raining so heavily recently, the number of sellers was tiny compared to normal and the number of punters even less, but good as gold on the first corner was a bloke who had CD's on his table arranged in racks, like he is a regular seller - exactly what I had gone looking for. I walked up to his stall and one quick negotiation later, he's bought the lot for £30.00.

Advantages of this approach - you don't have to get up at 6am on a miserably wet summer Sunday morning - I got up at a lazy 9.20am. You don't have to pay your "pitch fee" of £7.00, and I sold more CD's in one deal than I would have all morning, had I put my own stall up. Net result - £30.00 from sale of CD's + £10.26 already collected (another 5p piece found in the village late yesterday) = £40.26 and a cool handshake with Stage 13.

Hope you are getting some ideas of your own and are progressing well yourselves. We're off to de-clutter the rest of the house because we've identified an indoor Saturday table top sale which starts at 11.00am that's run every Saturday in Coventry. Advantages - no 6am Sunday start (I think you're getting the picture about me and 6am on Sundays) and no English summer weather interuptions. New target - £40.00 from a table top sale of our rubbish next weekend.

See you soon.

Saturday, 21 July 2007

Wey Hey - Stage 11 sorted

You know, I think we might be on to something here. Following our outstanding success last week assaulting the 3 piece suite, we decided to do a Kim and Aggy on our house this morning - not so much to clean it as to see how much money we could find!!! (Though some places we looked in were disgusting - Gemma!!!!) guess what - we found another £5.04. BINGO - up to Stage 11 ten whole days before target. This is great. That's £10.21 we found so far - £10.16 of which was hiding under our own noses.

Again, I have to state that this is supposed to be about trading not finding, but it doesn't half bring home the phrase "look after the pennies and the pounds will look after themselves." By the way, this is not change that I found in my trouser pocket having abandoned it there yesterday, these are coins that have long since been discarded and forgotten, ne'er to be disturbed until some money crazed scavengers plucked them from their life of slumber. Now they've got to work for us again. Ha, ha, ha, ha, haaaaaaa!!!!!

Off to plan Stage 12 - see you soon.

Friday, 20 July 2007

A previous attempt

As a bit of backgound, we actually started this process right at the start of the year. I found a website somewhere where someone has posted this idea, so we thought we'd give it a go. Having to start again itself has taught us some lessons about the whole process. i.e making a million is not child's play, but if you break it down into tiny little steps, it becomes a whole lot easier. But you won't make a million unless you stick at it.

So here we are again, but this time it will be different - wait and see.

It has already been different because this time I have found all of the money for the first ten stages. Last time it was the day before New Years Eve and we spent nearly two hours walking round and round the shops, the local parks, outside the local pubs in wind and rain until finally I found a 1p piece on the pavement right outside the Nat West bank. I had never felt such euphoria about finding a penny before - it was quite a magical feeling and really felt like the start of something big. Not only that but we could now go home out of the bloody cold and rain.

That'll do for now, but keep checking for updates - the way we did the next couple of stages last time was fab, so watch this space. Also, we have set a target for Stage 11 (£5 - £10) for 31st July, so only 11 days to go. See you soon. Pete.

PS. I have also found another 5p piece, so up to £5.11p. We really must start trading soon, otherwise you'll be thinking this is some sort of "Waste the rest of your life trying to become rich by finding coins" plan or something.

Thursday, 19 July 2007

Up to Stage 10 already!

On Saturday 14th, we sat down together and re-focussed our plans for the future. We had already had a go at this doubling plan before (more about that later) and had not got too far, so we wanted to give it another go. We set our first target of reaching Stage 10 within two weeks. BINGO - we did the first ten stages within 24hrs.

How on earth is that possible - well actually dead easy. So, first rule is find 1p. The reason you have to find the penny is because this is not some investment plan where you have to put loads in to get piddly amounts back. No, you start with nothing, zip, zilch. You then find a penny, a penny that you otherwise wouldn't have had and you use that to build your fortune, one tiny step at a time.

OK - so where did I find my penny? In the door seal of our washing machine. Oh no, I can hear the cries already -cheat, cheat, cheat - that's your own money. Well, not strictly. There are four of us in the family and no-one person could specifically lay claim to it. It was a little rusty and had obviously been there for a few washes, so how on earth can we prove who's it was. So I decided it was a perfectly fair find.


Now, here's the good bit. Actually within the rubber door seal was £0.42p not just the one. Fan -bloody - tastic. Up to Step 6, in a matter of minutes - advance to Go!

This now set me thinking - where else can I find money that has effectively been abandoned where there is little or no chance of identifying the true owner or loser? Question - what piece of furniture have we owned for over five years, that we paid an arm and a leg for, that now really owes me something? Cue an all out assault on the three piece suite and yes you've guessed it - BINGO. All together I found £5.06, four pairs of socks, a screwdriver, two pairs of nail scissors, a comb, enough hairbands to stretch from here to London and a fortnightly bin collections worth of sweet wrappers. Thanks kids, other family, relatives and friends!

So, the net result is we are now up to Stage 10 and the proud owners of £5.00 Stake Money ready for Stage 11 made up of 2 x £1.00 coins, 7 x 20p pieces, other bits of silver and a handful of 2p and 1p pieces. Plus - wait for it - we have 6p surplus towards the next stage as well.

That's it for now, Nikki will fill you in on how we got up to this stage on our last attempt later - but this for me was the perfect start.

Tuesday, 17 July 2007

The Rules


Hi Guys,

We are husband and wife Pete and Nikki and we are utterly committed to our new venture. Why don't you tune in to follow our progress as we double our way to a million?

We welcome comments, suggestions and competition. If you think you can achieve it faster than us we would like to hear from you!

This is what we are up against:

Step 1. Find a 1p (not your own!)
Step 2. Then simply double 1p to 2p
Step 3. 2p-4p
Step 4. 4p-8p
Step 5. 8p-16p
Step 6. 16p-32p
Step 7. 32p-64p
Step 8. 64p-£1.28
Step 9 £1.28-£2.56 (round to £2.50 for simplicity)
Step 10. £2.50-£5.00
Step 11. £5.00-£10.00
Step 12. £10.00-£20.00
Step 13. £20.00-£40.00
Step 14. £40.00-£80.00
Step 15. £80.00-£160.00
Step 16. £160.00-£320.00
Step 17. £320.00-£640.00
Step 18. £640.00-£1,280.00
Step 19. £1,280.00-£2,560.00 (round to £2,500 for simplicity)
Step 20. £2,500.00-£5,000.00
Step 21. £5,000.00-£10,000.00
Step 22. £10,000.00-£20,000.00
Step 23. £20,000.00-£40,000.00
Step 24. £40,000.00-£80,000.00
Step 25. £80,000.00-£160,000.00
Step 26. £160,000.00-£320,000.00
Step 27. £320,000.00-£640,000.00
Step 28. £640,000.00-£1,000,000 (+£280,000 pocket change!)
Easy huh?
Now pay attention to these.
* Stake money refers to the amount of money you have at any time (depending which step you are on) eg. Initially your stake is 'nothing', then it is 1p, then it is 2p, then it is 4p etc.
RULES:
1. You must find or be given the first penny. It must not be your own! Ideally, you should find it in the street. Any money you find after the first stage can also be added to your current stake money.
2. Once you have started, you can only use 'stake' money during the doubling process. Do not add any money of your own. You are not allowed to borrow money either.
You don't have to use all of the stake, but you can't use more than the stake.
3. Use the actual coins or notes during the first 15 steps. After step 15, open a bank account specifically for your doubling project.
4. If you achieve more than double the stake on any step, you must spend the surplus as a reward.
5. On any one stage, you don't have to double your money in one transaction. Each stage can be made up of numerous smaller transactions.
6. Keep a diary of your plans, actions, successes and failures.
7.Concentrate only on the current doubling, do not get put off by worrying about future doublings.
8. Do not spend any of the doubling money you make on this journey until you have achieved one million pounds.
9. You must not bring money into the project from other jobs etc. Only use the stake money to trade your way up. i.e you can't add money from an existing job or business. Also you are not allowed to use any existing business resources unless you add in the 'cost' to your stake. In other words, don't cheat.
10. If you fail on a step, you must drop back down to the step represented by your remaining money.
11. You are allowed to add your labour. But you will quickly realise you won't get rich "working" in a conventional manner.
The 'master strategy' which works for every step is as follows: "Use the stake money to create value which you can sell for more"
Ok. So there it is- the challenge is on!