Fullbeem's Doubling to £1million

Memory Sales = Cold Hard Cash

2011-11-03T12:52:00.005Z

This week i've been struggling with my personal cash flow. It's been just a few days since I was paid by my employer and i've paid all my bills, i've paid my credit cards more than the minimum payment in an effort to clear them off, hey I even cut them up last month to prevent using them. But i am already skint.

Been looking around my house at items I can sell on eBay for the doubling challenge. I've found at this stage that selling items is an easier way of progressing the stages until later on. I found some no longer used Micro-SD memory cards from old mobile phones that were in a drawer. Thought to myself, hey if I can clear just a few pounds for these each then thats progress towards the next stage. So I listed the memory cards and calculated postage for them, costs as per eBay and Paypal fees.

So after selling 8 cards here are the figures:

Total cash earned: £17.12
eBay fees: £3.72
Paypal fees: £2.17
Postage fees: £2.34 (8 x £0.39)

Total afterwards: £8.89

One thing im disappointed about by this was the amount of fees i've had to pay to achieve this step.

Starting total: £2.60
Money made in this stage £8.89
Ending total: £11.49

This means i've completed step 10 and reached £5. But also i've also reached the step 11 threshold.

Clean Car = Coin Finds

2011-10-30T19:32:00.006Z

Found some coins in the car whilst washing it today. In total 9p, so will add these to my pot as I consider this found money.

Starting total: £2.51
Money made in this £0.09
Ending total: £2.60

Update - 1 year on

2011-10-28T20:24:00.003+01:00

Well i've not thought about this blog for some time. Reason is, I bought a house and moved in. It was more important to me at the time. Also I welcomed the birth of my second son at the beginning of 2011.

Now as we draw to the winter months and the nights draw in, I'm looking forward to 2012. And what to do with my time during the remainder of 2011? Well it's time to start doubling again.

So where am I with the Doubling to £1,000,000.........

Well I have found my doubling jar. Its contents currenty stand at £2.51 and 10CZK (Czech Republic Krona). I must have raided the jar a few time in the last year for a odd coin or two. I dunno how the Czech Krona coin got in there, but I can not count it towards my total. Also, the Czech Republic now use the Euro so its no longer legel tender.

So...... my total is £2.51 in copper coins. That puts me at Step 10.

Starting balance: £3.99
Ending balance: £2.51

5 up

2010-06-16T13:52:00.003+01:00

Step 10 - £2.50 to £5.00

Method: Got out of the when I arrived home from work and found 5p in the gutter where I usually park my car.

Starting Bal: £3.94
Finish Bal: £3.99
To complete step: £1.01

Decision time

2010-06-10T23:54:00.008+01:00

I'm going to use the penny jar I was using from my previous attempt at doubling. I've been adding loose change to it as i've found it in my pocket over the past year.

A quick count of the above coins reveals £3.74 (134x 1p, 45x 2p, 4x 5p, 6x 10p, 1x 20p and 1x50p). So adding that to the £0.20 i've found by searching gives me a total of £3.94.

I've been thinking about using this source to bumps me up a few steps in the doubling but wondered whether or not it is in the spirit of the doubling process. I figure as its original intention was as part of the doubling process then, why not. I’m happy in myself about this and feel that I’m not cheating myself by jumping a few steps in the doubling process.

So £3.94 takes me to step 10 :). £1.06 to find by either searching or another method to complete step 10 and on to step 11.

Starting balance £0.20
Ending balance £3.94

Step 5 - Searched the car

2010-06-10T23:29:00.003+01:00

Step 5 £0.08 - £0.16

My car is a mess. After a recent trip to visit family the car was full of mess, empty soft drinks cans, receipts and other rubbish. A quick tidy up revealed 12 pence in change, 1x 5p coins, 2x 2p coins and 3x 1p coins.

This brings my total to £0.20.

Method: Car interior searching.

Starting balance £0.08
Ending balance £0.20

Step 5 complete.

Added a gauge

2010-06-08T00:42:00.003+01:00

Was thinking of ways to brighten up this blog and whilst reviewing other doublers websites I came across the funding gauge used on http://thinairmillionaire.blogspot.com/

I liked the idea so followed the link and got my own

Step 4 completed after a visit to the vending machine

2010-06-07T22:40:00.004+01:00

Step 4 £0.04 - £0.08

Was a touch thirsty a work today. So counted up my change from my loose change container (a cufflink presentation case) and went the to vending machine for a drink. I purchased a Pepsi, other soft drinks are available. As my can was vended I checked the change return trap and found a 1p piece.

As my current total was £0.07 I only needed 1p to make me reach step 5 (£0.08) from the 5p I found previous.

Method: Vending machine searching

Starting balance: £0.07
Finishing balance: £0.08

Step 3 - I found a 5p piece

2010-06-07T22:19:00.004+01:00

Step 3 £0.02 - £0.04

The other day I parked my car in a backstreet carpark behind a garage. Whilst I was there a quick scan of the ground revealed a shiny silver 5 pence piece. A smile spread across my face as I picked it up a put it in my pocket, i'm 5p closer and every penny counts.

Method: Ground searching

Starting Balance: £0.02
Ending Balance: £0.07

Step 2 completed after a visit to the car

2010-05-28T06:26:00.005+01:00

Step 2 £0.01 - £0.02

Its been a long night. I've not been able to sleep. So to pass the time between Facebook, Gmail and PistonHeads, i've been pondering how to progress through steps 6 to 10, but not really come up with any answers.

Anyway, I have just been out to the car to charge my mobile phone from the car and I found a 1p piece in the pathway. So thats step 2 completed.

Method: Ground searching

Starting Balance: £0.01
Ending Balance: £0.02

Starting again.....

2010-05-28T01:32:00.005+01:00

Step 1 £0.00 - £0.01

Well I lost track with my doubling to £1,000,000 last year so i'm starting again.

I found my 1p in the car park of the TESCO supermarket so im off and running :)

After checking out some other doublers blogs, im going to use some methods others have used and apply them to my blog, so.....

Method: Ground searching

Starting Balance: £0.00
Finish Balance: £0.01

The 28 steps

2010-05-01T01:39:00.001+01:00

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 - £128000

Challenge Update: Day 56

2009-11-25T09:34:00.007Z

Well its been a month since I last updated this so I'll tell you what has been happening.

I won an Xbox 360 Arcade in a competition at the end of October. I already have an Xbox so I put this prize up for sale on eBay. The Xbox had been opened and plugged in so I earnt £110.00. eBay fees for the sale were £8.48. So overall I earnt £101.52 from the sale of the Xbox.

I also sold some unused Minidiscs on eBay for a price of £10.50. eBay fees of £1.05 meant I earnt £9.45 from the auction.

So current earnings to date are:

Music Magpie £17.10
eBay sale (Xbox) £101.52
eBay sale (Minidiscs) £9.45

Total earning so far £128.07 (42% of target)

Date: 25th November
Date Target: £304.64
Current Balance: £128.07
Difference: £176.57
Verdict: Still behind target by ALOT (Must do better)

Challenge Update : Day 26

2009-10-26T15:11:00.004Z

Yeah...................

Got my cheque through from MusicMagpie for £17.10. Just gotta stick it in the bank now. I found a load of stuff to eBay at my parents house over the last 2 weeks too. Gonna be a busy week I feel.

Date: 26th October
Date Target: £141.44
Current Balance: £17.10
Difference: £124.34
Verdict: Behind Target by ALOT :(

Challenge Update : Day 7

2009-10-07T12:50:00.004+01:00

Its day 7 of the challenge to earn £5.44 everyday until 2010. Not earned any more money since Saturday, but am looking for the next avenue of revenue.

This challenge is a hybrid of the challenge found on the MoneySavingExpert forum. In that challenge to earn £10 per day every day, you can include savings made on purchases. I am not goign to include these in my challenge. My challenge is purely money making. So whether it be by selling posessions, earning by clicking, or another way, then that is what I will include in this challenge.

Date: 7th October
Date Target: £38.08
Current Balance: £17.10
Difference: £20.98
Verdict: Behind Target :(

Challenge: £5 per day every day till 2010

2009-10-03T15:50:00.009+01:00

Ok, going slightly off the original challenge of doubling my money at the moment but i'll try and continue that along side this. I was reading the MoneySavingExpert forum the other day and saw a challenge. Make £1000 before the end of the year by any means necessary. That equates to 92 days if I go from the 1st October. £1000 divided by 92 equals £10.87 every day. Now whilst that I guess is achievable, I don't think I have the self belief that I can achieve this whilst I am working full-time. So i'll scale back the target to something that I feel is achievable. £500 by the end of the year. So that is £5.44 every day till the 31st December 2009.

Ok well it's already the 3rd October so I should be at £16.32.

I found a website called Music Magpie who will buy your old music cd's, dvds or games. They pay anything between £0.30 and £3.00 for a cd. So i've checked the house for music cd's I have not listened to in months, years and lifetimes and have quite a pile. Now they will deduct £0.50 per cd if the disc is scratched, the case is damaged or inlay cards damaged or missing. So I guess those that are scratched its not worth sending or, it is if they are worth more than £0.50. If not try them on eBay I guess.

So I registered 21 cds and for that I have been given a provisional figure of £17.10. I will await my cheque from them.

Date: 3rd October

Date Target: £16.32

Current Balance: £17.10

Difference: £0.78

Verdict: Ahead of Target :)

Lost track, no updates

2009-09-30T13:53:00.003+01:00

As titled. But why?

Well I don't know really. My last post in April was after I moved rented accomodation so I can't use that as a distraction. I guess i'd just lost focus with this. I now however, have a renewed interest.

Reached Step 6

2009-04-20T23:20:00.001+01:00

Today I reached Step 6. I found whilst at work 6p which takes me to 16p.

I wish I was further on but that will come im sure.

Up to Step 5

2009-04-18T17:46:00.003+01:00

Right, i have counted those coins I found around the house left it seems by the previous occupants and have a total of 10p. So advance to Step 5 I go.

Still no progress to Step 2 but i've not forgotten the challenge

2009-04-07T16:35:00.003+01:00

Well only 1 post during March and that was to say there has been no progress. Well reasons behind no updates or progress towards Step 2 was due to moving house to a bigger 3 bed property.

I can report that the previous tenants left some coins lying around the property so ill count these as it is free money towards my total so when I post next I should have passed Step 2.

No recent activity really towards Step 2

2009-03-10T13:17:00.005Z

It shouldnt be hard to reach Step 2 but I havent really been trying to find the next penny to double my total to £0.02. Mostly due to my little boy taking up alot of my time at present. But I will continue to press on and find the next penny.

This Credit Crunch is biting deep as there is no loose change on the floor around my house.

Step 1 - The first penny

2009-02-22T00:46:00.003Z

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

Total : £0.01

1st Post - This Doubling thing

2009-02-20T13:34:00.003Z

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