How to Turn
One Penny Into a Million Dollars
in One Month
The story is told of a college student who was looking for summer employment in his neighborhood doing yard work and side jobs. One day he asked his neighbor if he could do yard maintenance for a month so that he could earn money to help pay for college. His neighbor agreed to let him cut the grass, trim hedges, clean flower beds and other chores for a weekly salary of $250. The neighbor, being generous thought this was a really good offer to help a struggling college student.
However, the college student responded with another offer. He asked the neighbor to pay him one penny on his first day of work and double this amount each day he worked - for a total of 30 days. The man thinking this college student was a "nut case" agreed to the offer and the work began as scheduled for the month.
Here's how the student faired after nine days of work...
Double $0.01 = $0.02
day one.
2 x $0.02 = $0.04
day two.
2 x $0.04 = $0.08
day three.
2 x $0.08 = $0.16
day four.
2 x $0.16 = $0.32
day five.
2 x $0.32 = $0.64
day six.
2 x $0.64 = $1.28
day seven (use $1.25 for easy calculation).
2 x $1.25 = $2.50
day eight.
2 x $2.50 = $5.00
day 9.
2 x $5 = $10.00.
Next day it went
to $20, and then $40, $80, $160, $320, $640, $1280; rounding 2 x $1250
= $2500; $5000.
The student is
now at $5000 on day 19.
$10,000 after 20
days.
$20,000 on day 21,
the next day $40,000, then $80,000, and $160,000 on day 24.
$320,000 in 25
days.
After 26 days, it
doubled to $640,000.00 - and then on day 27 it went to $1,280,000
(round down - $1,250,000
for easy calculation)
$1,250,000, then
$2.5 million on day 28.
$2,500,000, then
$5 million on day 29.
$5,000,000, then
10 million on day 30.
The method of doubling illustrates the power of compound interest and how you can turn a penny into $10 million dollars by the end of 30 days.
What should you be doing to acquire wealth?
Get your own money tree. Click here to learn how. Start investing today. Find a real need or problem and help people solve it. When you dedicate your life to helping people solve problems, you'll be rewarded with wealth. Print this wealth formula and post it everywhere you go as a reminder to always keep improving your products and services. Watch Dave Ramsey - Compound Interest YouTube Video (below)...
Read "How to Amaze
Everyone With How One Penny Could Make You Rich"
http://www.wikihow.com/Amaze-Everyone-With-How-One-Penny-Could-Make-You-Rich
USA Craigslist Searcher
To find free stuff, copy this secret code - site:/craigslist.org/zip/ baby grand pianoor other search terms site:/craigslist.org/zip/ antique for all FREE antiques nationwide...
Statewide Craigslist Searchers...
AK Alaska
AL Alabama
AR Arkansas AZ Arizona CA California CO Colorado CT Connecticut DC District of Columbia DE Delaware FL Florida GA Georgia HI Hawaii IA Iowa |
ID Idaho
IL Illinois
IN Indiana KS Kansas KY Kentucky LA Louisiana MA Massachusetts MD Maryland ME Maine MI Michigan MN Minnesota MO Missouri MS Mississippi |
MT Montana
NC North
Carolina
ND North Dakota NE Nebraska NH New Hampshire NJNew Jersey NM New Mexico NV Nevada NY New York OH Ohio OK Oklahoma OR Oregon PA Pennsylvania |
RI Rhode
Island
SC South
Carolina
SD South Dakota TN Tennessee TX Texas UT Utah VA Virginia VT Vermont WAWashington WI Wisconsin WV West Virginia WY Wyoming |