31 Step Success Building Starting with a PENNY

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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...

31-STEP Success Plan™

PAGE STARTED: Early October 2004

I have expanded this page to include the CONTEST RULES and a 'TO DO' list.

UPDATE: Once the 'To Do' list ran here, but it was too cumbersome to keep on the 'net. The CONTEST RULES are here.

My RULES APPLIED in my BUILDING of the
31-STEP Financial Success Plan:
RULE #1:

Don't at any point borrow the money. My bank has made it easy with credit lines, check over draft protection and all kinds of schemes to lend money very conveniently for them and me. However, I will not touch these lines of credit at anytime to complete all 31 STEPS.

NOTE: At one time I wanted to use a credit card to setup a few things. Then the new year came and I decided to get rid of my credit cards. Now I just have one that works and the rest are all debit cards. The decision to stick to this rule was to avoid 'impulsive decisions'.

RULE #2:

I will not RE-ALLOCATE funds. For example, I will not borrow funds to pay for something that will aide me to achieve a STEP. What this does mean is that I'll need to figure out at each step HOW TO EARN the MONEY.

NOTE: I do have hosting fees, but the server's costs are paid by another project. There are endless places for free hosting or blog hosting, so I'll mend things a bit and accept the "free" hosting that I have for the 31-Step Financial Success Plan.

 
RULE #3:
 
I'll keep my "business funds" from current operations out of the loop, thus, I'll have to come up with a way at each STEP to duplicate the funds.
RULE #4:
I'll not invest in an existing business to reach a step. You might think otherwise, but again, this is what I plan on.
RULE #5:
 
Stick to the plan.
RULE #6:
Keep good notes and review what has worked and what has not.
RULE #7:
IF a rule is clearly flawed, wait a day, and edit rule as necessary.
RULE #8
Cannot use collectibles --No stamps, coins and other precious metals --unless they were found.

MY RULES PAGE, LAST UPDATE:
Sunday, 26-Mar-2006 11:40 PM

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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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