and so it begins....

Stage 1:

Now that I found a penny and have converted it to the next dollar amount, I will start calling them stages. I chose to do this due to the fact that I am not on an aggressive path to double my penny within thirty days. I just want to see if it's actually possible to do. Of course keeping in mind the fact that the higher the dollar amount, the harder it will be to double.

The new chart that I have posted below compares the thirty days of doubling to my thirty stages of doubling.

How it works: I am to find a penny on the ground. By doing this, it eliminates receiving one from my own pocket or from family and friends (whom all think I am nuts BTW). I will then take the penny and begin to double its value by purchasing or bartering with it. I could also come up with some kind of project that allows growth in some way. The bottom line is that no matter what stage I am in at the time, I can only use that amount of money, which was gained from the prior stage.

As you can see above, I have already doubled my initial "investment" of a homeless penny. I found the penny and then purchased a beer bottle from a friend, of which I will turn in for the deposit money. This brings me to stage two with five cents, or "day 3" with a penny to spare. SO if I were only in it to follow the charts, I would need three more cents to achieve the next goal value.

I struck it rich!....sorta

DAY 9:

I finally found a penny today...well my mom did. We we're walking out of a Uhaul store. regardless of location found, I now have my penny and will begin to try and double it. Realistically, this will not double everyday for thirty days, so I will simply track it by doubling it thirty times. So my first goal beginning yesterday will be to double the penny to two cents or better.

To begin this process, I will only use the original penny that was found. So for example, if I take that penny and purchase an empty soda can from someone, then take that can to the store and turn it in for the deposit...I will make five cents. This would suffice the first doubling of one cent to two cents, and two cents to four cents all at once! The next move would be to take that nickel and suffice the next level...simple enough right?.....well probably not, but I will keep my optimism.

REALLY?!

DAY 4:

I still haven't found a penny. I haven't been looking at every inch of ground I see, but usually I run across "dirty ground" money all of the time, and now that I want to work with it in some way, this result plagues me. Geez!

In the meantime, I will start to figure out how I will make this penny double when I do find it.

Starting off skeptical

DAY 0:

I decided today, after seeing a Today show segment, that I am going to do the Penny Doubling project. This is a simple concept, but a potentially complicated process. In my next post, I will explain the whole process and begin to explain how I intend to make this happen. For now though, I must first find a penny. Statistically this is supposed to only take a week or less, but we will see.

D