A good way to start on a money making quest is to break down a large goal (e.g. a million dollars) into smaller chunks. I've noticed a few blogs related to what is known as "doubling". It's based on the fact that if you double a very small amount consistently over time you will reach your goal. You may be thinking that it would take a lot of "doubles" to reach a million dollars, but check this out:
Step One: $1 - $2
Step Two: $2 - $4
Step Three: $4 - $8
Step Four: $8 - $16
Step Five: $16 - $32
Step Six: $32 - $64
Step Seven: $64 - $128
Step Eight: $128 - $256
Step Nine: $256 - $512
Step Ten: $512 - $1024
Step Eleven: $1024 - $2048
Step Twelve: $2048 - $4096
Step Thirteen: $4096 - $8192
Step Fourteen: $8192 - $16384
Step Fifteen: $16384 - $32768
Step Sixteen: $32768 - $65536
Step Seventeen: $65536 - $131072
Step Eighteen: $131072 - $262144
Step Nineteen: $262144 - $524288
Step Twenty: $524288 - $1,048,576
So from only $1 there are only 20 Steps to a Million. Interesting. That would make me onto Step 6 already. I am considering adding this into my mission somehow as a way of keeping track.
Tuesday, February 12, 2008
Doubling...
Posted by
Scott
at
6:54 PM
Labels: Doubling, Swap With Scott


