Step 1 - The first penny

Found a penny whilst out walking this afternoon. And so it begins.

Total : £0.01

1st Post - This Doubling thing

Well as this is the first post of this blog I should write a bit about the process on how I will turn a 1 penny piece into 1 million pounds.

I first read about this process when reading Richest Man in Atherstone blog. He is currently operating this process and he at the time of writing this post is at step 19 - 20. This shows that it is possible to do.

There are 28 steps to this process and they are:

• Step 1: Find a 1p piece
• Step 2: 1p - 2p
• Step 3: 2p - 4p
• Step 4: 4p - 8p
• Step 5: 8p - 16p
• Step 6: 16p - 32p
• Step 7: 32p - 64p
• Step 8: 64p - £1.28
• Step 9: £1.28 - £2.56 (make it £2.50 for ease)
• Step 10: £2.50 - £5
• 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 - £1280
• Step 19: £1280 - £2560
• Step 20: £2560 - £5120 (make it £5000 to be easier)
• Step 21: £5000 - £10000
• Step 22: £10000 - £20000
• Step 23: £20000 - £40000
• Step 24: £40000 - £80000
• Step 25: £80000 - £160000
• Step 26: £160000 - £320000
• Step 27: £320000 - £640000
• Step 28: £640000 - £1280000