Can I make £1,000 in 12 weeks from nothing?
By moneygrabber
@moneygrabber (133)
November 7, 2006 6:04am CST
Hi everyone - time for a new challenge (running alongside my clear a debt a month challenge and my head to head challenge ).
So here's the inspiration for this challenge. I once read a story about a guy who set out to make over £1,000 from nothing. He did this by starting off with £1 and finding ways to double this each week. This could be from buying and selling, gambling, shares etc.
He managed it and made over £1,000 in under 3 months. I have always wanted to try this so I am going to - after all I've got nothing to lose!!
So here's the plan, I'm going to start by trying to make £1.00 out of nothing (any ideas welcome ) and then double it each week. Here's the dates I need to keep to:
£1 – by 2nd October
£2 – by 9th October
£4 – by 16th October
£8 – by 23rd October
£16 – by 30th October
£32 – by 6th November
£64 – by 13th November
£128 – by 20th November
£256 – by 27th November
£512 – by 4th December
£1,024 – by 11th December
Let the challenge begin
Emily x
(anyone wishing to join in will be more than welcome )
As requested - here are the rules of this challenge:
1. Any cash that you make must be created from nothing - you cannot use your own money to create a profit and then use that profit to start with.
2. If you wish to sell items on Ebay then please use items that you personally didn't buy. These can be a present, prize, freebie etc - as long as the item didn't cost you a penny, it's ok.
3. If you wish to use cashback from a site like Quidco, then this must have been generated through a free method and not from internet shopping. If this money was raised through free offers and clickthroughs then this is fine.
Please let me know if there is anything I have forgotten - good luck and have fun!
2 people like this
5 responses
@amitavch3 (436)
• India
7 Nov 06
Can u guide me how ? My email is ic003@yahoo.com Is it really possible ???
@owstalaga (4707)
• Philippines
22 Apr 11
wow that's great. Maybe he just didn't put in if he lost some of the money sometime but then gained them again. Nice to hear that. I think I'd like to try that as well? Just for a short time. Hehe.
@gsnarayanan (1704)
• India
7 Nov 06
Thank you I do not want to earn from nothing. It will go waste.
@ArkadTRMIA (42)
•
3 Apr 07
Good luck with your quest. I hope you reach your target.
I'm doing a similar thing but aiming to "Double My Way to a Million" in 28 steps. I'm currently on step 11. You can view my progress so far here:
http://www.therichestmaninatherstone.co.uk/wealth/index.php?cat=31
There's a bunch of us doing it and we frequently meet up at the Doubler's Den (doublersden.co.uk) to discuss ideas, share experiences and generally give each other moral support. Your more than welcome to come along and join us if you wish.
The idea was based on a Free Report you can get from here:
http://www.therichestmaninatherstone.co.uk/wealth/dyw.php
It's called 'How to Double Your Way to a Million' by Stuart Goldsmith. The same guy wrote his story of doubling to a grand in his book, The Midas Method. You can get a copy of it here:
http://www.myaffiliateprogram.com/u/megastep/e.php?e=60&id=4138&p=mm
Keep us updated of your progress :)
Arkad
The Richest Man in Atherstone