Tuesday 8 July 2008

It Starts Here


So what is this all about? Well the idea is to not look at how to make £1 Million from where you are now, as the mind usually has a bit of an issue with going from zero to 1 million in 1 step, but more about starting small and building up. So according to this game, you start by finding 1p and then the job is to double it to 2p and so on. Surprisingly it only takes 28 steps to reach over 1 million in this way.

When I read this little book which outlines the rules and goals of this game it reminded me of a VERY early morning in Greece. We had hired a sailing boat to sail around the Greek islands and one morning my dad came to me and told me I had to come with him, he had something to show me. It was still dark… very early in the morning, and we walked up this big hill so he could show me the sun rise. As I am NOT an early bird and I was 21 this was not the best use of my time as far as I was concerned. On the way back to the ship my dad explained to me if I took £1 and doubled it every year I would be a very rich man. At that time it was a lesson that was lost on me. But now some 20 years later here I am reading the same principal and I can see it so much clear now. I hope some day my son might remember something I told him when he grows up.

So enough of all this nostalgia, as Mr Holms is fond of saying “The games a foot Mr Watson”. So the steps are simple, we start by finding or be given the stake money all of 1p and then just doubling it. It goes something like this;

Step 1; Find 1p lying on the ground

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

Step 10; £2.56 - £5.12 (round it down to £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 - £1,280

Step 19; £1,280 - £2,560

Step 20; £2,560 - £5,120 (round down to £5000)

Step 21; £5,000 - £10,000

Step 22; £10,000 - £20,000

Step 23; £20,000 - £40,000

Step 24; £40,000 - £80,000

Step 25; £80,000 - £160,000

Step 26; £160,000 – 320,000

Step 27; £320,000 - £640,000

Step 28; £640,000 - £1,280,000

So I now start my search for the stake money of 1p to get going.

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