Wednesday, December 24, 2008

Begin with the end in mind


No, this is not a quick rich scheme nor it is a pyramiding concept to richness. This is a blog about my real time journey in achieving my first million out from nothing.On a regular basis, i would be writing about my day to day experience in applying practical tips ive learned from the different readings i made on wealth building and creation.

In any journey to partake, one would always need a roadmap to ensure reaching one's destination. As for this case i would use the rule of 72. Strategy is to look for ways to double my money and re-invest it again and again until it reaches to my very 1st million.

Here are the 21 steps to my very first million or roughly USD 20,000 (using the conversion rate 1USD :50 Php)

Level
1 PHP 1.00
2 PHP 2.00
3 PHP 4.00
4 PHP 8.00
5 PHP 16.00
6 PHP 32.00
7 PHP 64.00
8 PHP 128.00
9 PHP 256.00
10 PHP 512.00
11 PHP 1,024.00
12 PHP 2,048.00
13 PHP 4,096.00
14 PHP 8,192.00
15 PHP 16,384.00
16 PHP 32,768.00
17 PHP 65,536.00
18 PHP 131,072.00
19 PHP 262,144.00
20 PHP 524,288.00
21 PHP 1,048,576.00