Double Your Way To A Million

Anything is achievable if you break it down into ' Bite-sized ' steps.

One day someone explained about the Doubling Method to me. And it was about being a Millionaire just by 28 steps.

The steps was like this

Step 1: Make 1 cent or find a penny
Step 2: 1 cent - 2 cents
Step 3: 2 cents - 4 cents
Step 4: 4 cents - 8 cents
Step 5: 8 cents - 16 cents
Step 6: 16 cents - 32 cents
Step 7: 32 cents - 64 cents
Step 8: 64 cents - $1.28
Step 9: $1.28 - $2.56
Step 10: $2.56 - $5.12 (call it $5 to make it easier)
Step 11: $5 - $10
Step 12: $10 - $20
Step 13: $20 - $40
Step 14: $40 - $80
Step 15: $80 - $160
Step 16: $160- $320
Step 17: $320 - $640
Step 18: $640 - $1,280
Step 19: $1,280 - $2,560
Step 20: $2,560 - $5,120 (call it $5,000 to make it easier)
Step 21: $5,000 - $10,000
Step 22: $10,000 - $20,000
Step 23: $20,000 - $40,000
Step 24: $40,000 - $80,000
Step 25: $80,000 - $160,000
Step 26: $160,000 - $320,000
Step 27: $320,000 - $640,000
Step 28: $640,000 - $1,280,000

If your task were to turn a 1cent into a million dollar in a fixed period of time, most people would find this somewhat daunting. However, if you were given $5,000 and asked to doubling it into $10,000 this would seem relatively easy. Indeed, you could probably think of quite a few ways of doing it. The same applies to any single step above.

by Stuart Goldsmith an author of ' The Midas Method '

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Here is certain advantages of Doubling Method

It teaches you to ' start from nothing '. all you need is guts.

It teaches you that making money is all about people, marketing and selling.

It teaches you to ' be fearless '. with most ideas you are always worried about losing your money. but you really have nothing to lose by trying this method. because we started from nothing.

It teaches you the limits of labour. you will know that physically working gas strict limits and will not get you past step 20 at best. After that you have to get smart and start trading without adding your labour.

It teaches you the power of ' Breaking large tasks into small ', achievable, steps. One step at a time.

But the best of all, It's Free and Fun. You can start from nothing, get 1 cent and then double your way to way over one million dollar!!

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This is the Rules for Doubling Method

1. You must find or be given the first coin ; a 1cent. Must not use 1cent of your own money.

2. You must not use your own money during the current doubling attempt.

3. You must use the actual coins which you got from others or gained in the preceding step during the first fifteen steps. After step 15 i suggest you to set up a separate bank account just for this doubling operation

4. If your current step results in more than doubling , then you can spend the surplus on yourself and leave only the approved money.

5. If you current action results in less than doubling, then you may use as much of the original money and profit to complete this step.

6. You must keep a diary of events.

7. Do not worry about how you are going to manage future doubling. Concentrate only on the current doubling. To avoid feel timid.

8. You're not allowed to spend 1cent of the money until you have one million dollar in the bank. Then it's all yours. This is the most difficult part to resist temptation.

9. If you fail on a step, you must drop down until you arrive at the step represented by your remaining money and start again from that step.

10. You are allowed to add your labour. Use the money to create a value which you can sell for more.

From now on I will post my Doubling Jouney of events in this blog so that I won't give up. Please cheer me up even though it seems stupid to you. Probably you can start yours too.
You can check it here my Doubling Journal.