How to recession proof a millionaire – starting from nothing!
September 3rd, 2010Today, the world economy is in chaos, and many honest, hardworking people are the victim of an economic collapse that were able to stop.
While many of these events may have landed in financial difficulties, there is absolutely no reason why someone can not take place for action to resolve their situation. It takes a little ‘time and a bit’ of application and perseverance, but it will be lost sitting quietly at home or standing in a queue for unemployment!
The ideaI’ll talk here is not new, but perhaps it is a good opportunity to dust off and for the people to relook their potential – especially if you are unemployed or are interested in more financially independent.
Like all great ideas, it’s incredibly easy to do and almost everyone can it.In fact, in my family there are two teams – my wife and son have formed a team, like my daughter and I are. The idea is that the two teams will compete and sometimes cooperate, to see where the cracksMillion dollar barrier at first.
So how it works. Well, did you know that there are only 28 steps from 1 to 1,280,000? have in other words, if you and a second double-double and 2 gives 4 and so on. So if a penny (or pound, or any other currency you can imagine), you want your money just 28 times, with 1.28 million at the end to double. is corrected for mathematically pure heart, a bit ‘down and done in steps 10 and 20, if the number is roundedup to 5 and 5000 respectively.
So how do you start it with anything? Quite simple really – just around a public place (shopping center parking lots are particularly good hunting ground) and keep your eyes glued to the floor. In no time there is a coin that someone fell on the floor. Doing this over the weekend and probably lived close to $ 5 – and this is already done and dusted 10 of the 28 steps!
Now comes the exciting andhard part. How to double your $ 5 and $ 10 for? This should not be done in one step – there you could think of two or more businesses there, but bring them and seek opportunities.
For example, my children have joined forces focused their “parking lot” of money and bought a couple of muffin mix. They made the muffins and took them to school and sold them. Soon they had enough money to take the next step – they found a room in which an educational institution for adultsconducted presentations on Saturday morning for students learning at a distance. They got permission and set up shop selling muffins and cool drinks to students during their class breaks.
The fascinating thing is that the more you think about how you could double your money, the more opportunities to get out of the holes begin to appear.
So why not set itself the challenge of creating one million out of nothing. It does not cost you anything but a walk to start a car,and if you persist, you will only be a financial success, but you will have learned to test the skills of value, the recession will do for you!
As a challenge for my family, we can find currently on level 21 – so, turning $ 10,000 $ 20 000.After that there are only six steps more to go to our first million!
