Wednesday, October 24, 2007

14 Steps to a Million Dollars

It's a very simple game I've used and am still
using and it's really changed the way I look at
life and money.
The rules to the game are simple.
The first person to become a millionaire is the
winner and you have to start with $100, no more, no
less.
The aim of the game is to double your money.
For instance, if you start with $100 you must make
$200 with it without using any extra money.
When you make $200, you have to double it to $400,
etc.
There are a few rules how ever.
For example, if you start with $100 and you manage
to make $350 with that $100, you can only use $200
of that money to get to the next step.
What you do with the rest of the money is up to
you.
Here are the money steps to follow.
1. $100
2. $200
3. $400
4. $800
5. $1600
6. $3200
7. $6400
8. $12,800
9. $25,600
10. $51,200
11. $102,400
12. $204,800
13. $409,600
14. $1,000,000
So, let's say you’re at step 9 and you have $25,600
to make $51,200. What would you do?
Remember, you don't have to spend the whole
$25,600 on one business idea, you can break it up,
just as long as you don't go over the limit.
Never ever use money from your own bank account
otherwise you will be more fearful of losing the
money.
I think the best way to double your money would be
to buy larger items like cars and sell them more
than what you brought them for.
I know a guy who buys used cars at police auctions
and dealer auctions and makes a few thousand bucks
in profit every time.
All he does is clean them up, (he pays a
professional to do it) and sells them privately.
Of course there are risks to this, but it's a risk
I'm willing to take.

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