31 Step Success Building Starting with a PENNY
...
DAY 4 UPDATE: Saturday, 02-Oct-2004 10:02 AM

A few more decisions...

I have spent a lot of time thinking about the resources that I have. With over 8 years, working full-time on the Internet, I have amassed a lot of resources and know how. It's time to put all of that to good use.

I must also note that just about all the resources that one needs to build anything on the Internet can be found free or at least 'free for 30 days'!

Another item that I have spent time on is the "EXIT CASH" strategy that I introduced last week.

I realize now that I must "exit the first cash amount" for 'EMERGENCY' reasons. Not necessary for education.

So, what I'll do is to differ the education funds to another category and use the first "EXIT CASH" to fund "emergency needs" that I may have. These funds could be for anything including a sudden 'investment' for products, services, software, etc. to further the 31-Step Financial Success Plan™.

Another thought I had was using the p31.com site for a subscription type of service, where I could generate an income. At this time I still think it's a better idea to keep all aspects of p31.com free for readers worldwide, and work on other cash generation ideas.

Since my daily work in on the 'net, I do have two projects, that consist of my daily work, that I could use to build and generate additional income.

So far, I have made it to STEP 10, with 5 ATTEMPTS, and securing a total of $25.60.

In addition, I have sold a product that I had to a business acquaintance for $3995.00 cash. However, he has about 90 days to pay it.

That would take me well beyond STEP 17, but I don't "count the cash" until it's in hand and I have control over it.

No Worldcom or Enron type of accounting... :)

Perhaps, I need to introduce a RULE here: I am "raising cash" using things that I have absolutely no need of and have cost me "$0" to obtain.

The reasoning is that if I generate cash using these items, then that cash can be "left somewhere to work and compound" while I have no need for it.

Thus, I can use my regular income to "pay the bills" and use the gained monies to work on this project. So far that is what I have done.

I'll talk more about this as I update the STEP 03 page on this site. I will then post the NEW RULE as well.

Of course, these are "MY RULES" -- You are free to setup your own, but remember, you'll NEED TO FOLLOW THEM and LIVE by THEM.

Often that is the difference between success and failure -- How you go about "living your plan". Make sure to follow the "plan you wish to live by and set rules for!".

When you plan to go somewhere, you'll need to SETUP a PLAN and set rules that you'll follow. Otherwise, you are "setting sail with no direction in mind" and soon will get lost.

That's it for now. I have a lot of work to finish and it's TGIF! (thank God it's FRIDAY!) and I must go...

Well, one more thought. Many of you may notice that I have added a subscribed mailing list to the site. My thought was that I need to help visitors to the site remember to return. And those that register will be sent a total of 2 to 3 emails a month to do just that.

As with all things I do, the privacy of subscribers is maintained -- I never sell, share or rent such information.

DAY 3 | TODAY is DAY 4 | DAY 5

 


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Another dream...

Another dream


Legal Note: I am not a Financial Advisor, Lawyer or Accountant. If you are going to do this on your own seek professional help when you need it. Through this site, my BLOG, I am simply sharing my thoughts, goals, and showing what I am doing. Collectively "INFORMATION" that you can read to follow along. Otherwise, go here...

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Below are links to my thoughts, comments, actions, results and a BLOG as I take ONE PENNY (USD$0.01) and double it thirty one times utilizing a 31-STEP Success Plan™ in an effort to build the PENNY to USD $10,737,418.24:

STEP 01: $0.01
STEP 02: $0.02
STEP 03: $0.04
STEP 04: $0.08
STEP 05: $0.16
STEP 06: $0.32
STEP 07: $0.64
STEP 08: $1.28
STEP 09: $2.56
STEP 10: $5.12
STEP 11: $10.24
STEP 12: $20.48
STEP 13: $40.96
STEP 14: $81.92
STEP 15: $163.84
STEP 16: $327.68
STEP 17: $655.36
STEP 18: $1,310.72
STEP 19: $2,621.44
STEP 20: $5,242.88
STEP 21: $10,485.76
STEP 22: $20,971.52
STEP 23: $41,943.04
STEP 24: $83,886.08
STEP 25: $167,772.16
STEP 26: $335,544.32
STEP 27: $671,088.64
STEP 28: $1,342,177.28
STEP 29: $2,684,354.56
STEP 30: $5,368,709.12
STEP 31: $10,737,418.24

 

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