Step 2 completed after a visit to the car

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.....

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

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

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

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

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

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 :)