Money 2 A Million

For the next while, I am going to try and concentrate on doing my US Taxes. It’s obvious that its best to concentrate on one thing at a time and this, unfortunately is where I am going to have to concentrate my efforts. Initially, this will do nothing to gain me money for Money 2 a Million, but ultimately it should help, as an Internet Marketer that can’t do business with the States is no Internet Marketer at all. I think I have enough info now to do the bulk of it, so I am setting a goal to have this done by September 1st. Actually, make that September 7th because I have a weeks vacation in there and I really need it this year. Hopefully by setting this goal I can get this monkey off my back once and for all!

Flip

I finally picked up the 4-Hour Workweek by Timothy Ferriss.  Actually - it finally became available from the library after four months of waiting.  Saved $25.  Woo hoo.  I must say that some of what he says I think is somewhat outrageous and I don’t really agree with, but some of it makes a lot of sense.  One thing he really does a good job at is telling you how to cut out the crap so you can focus on your task.  I put his advice to work today to see if I found a difference.  Well, it turns out I got to work 20 minutes late - had to take a 2 hour lunch (my son was feverish) and left early (kid still feverish).  Despite being at work significantly less than usual, I found that I got MORE done than usual in my day.  All I did was refuse to get distracted - no checking CNN, no getting caught in 20 minute conversations about my weekend, no checking e-mail every 5 minutes.  I would only check e-mail when I finished a major task after at least an hour or two.  It’s amazing how much time we waste doing silly little things.  Now if I could just apply that to the Money 2 A Million Project!

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My ebay auction expired for my Mens Watch with no bids.  I must admit, I thought it would be a lot easier to sell these watches, but I also haven’t put as much effort into it as I should.  I think my next step is going to be to put them on my for sale web page at work.  I don’t want to lose too much in failed ebay fees, although I should try the other womens watches as well I suppose.  I also got a bite on the humidifier I picked up from the garage sales, but he only offered $5, which is what I paid.  I counter offered $10 because I have to make something, but this also might be the only fish that comes along.

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I made $5.50 from an unmentionable source today. I only have one more in the pipe so I am hoping to get this site approved soon so I can hopefully get more opportunites.

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I’ve been playing with the new Wordpress features and I think my blog is looking better already. It still looks word-press-default-ish, but I was able to transfer most of my sidebar, so it’s starting to look a bit like the old blog, which I like. I’ll probably keep playing with it, but I like how it is starting to take shape.

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I have been waiting and waiting and waiting for my co-worker to move into his new house so I could finally cash in on referring him to my builder.  They have a referral plan where you get $500 if you already own a house they built and they refer you.  The best part is that it is tax free because they do it as a reduction on the house you purchased from them.  I have been wondering if I would have done this anyways, in which case it wouldn’t qualify for the plan (since all money has to be outside of my real life).  I’ve decided to put $300 of it towards Money 2 a Million because there’s about a 40% chance that I would have done it anyways.  $200 to real life and $300 to the project feels about right.  So now my current cash balance is $609.61!

My cousin-in law gave me a DVD about Search Engine Optimization today.  According to him, if you want to do ANYTHING on line, you need to know how to do Search Engine Optimization.  This is something I have glossed over before, but never really put any stock into it.  It makes sense.  Why wait for the search engines to find you when you can do things to help them along.  I’ll post some of the tips here if they make sense.

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A few guys e-mailed me about the TV today.  One offered $20, but only if it had RCA jacks, which it does not.  The other one wanted to pick it up tomorrow, but that is bad timing for me because I’m headed off to Toronto this weekend and am going to be leaving early.  It happened after I renewed one of my ads, which makes sense because a lot of people browse the latest stuff to get posted.  Its funny that I didn’t get any bites the first time though.  I wonder if the time of day that I posted it had anything to do with it.  I’ll have to take note of that in the future to see if it has an effect.

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My laptop has run SOOOooooo slow since my 2 year old son decided that it would be fun to bang it with his hand (for the record - not so fun since he went on timeout). He appears to have damaged the motherboard at the slot B Ram port. This caused my systems memory to go down to 128MB. After that, it took about 20 minutes for the system to just boot up and run the virus checker. I finally got around to buying some 256MB replacement Ram for the one good slot and things are running so much faster. Now I can really get some doubling done! My laptop seems so fast now! For fifty bucks, you’d think he should get a worse punishment though. Maybe I should get him to hawk my spreadsheet to his friends in daycare.

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This is the continuation of The Double Challenge. I started a new name and blog location for two reasons. The biggest reason I can’t currently say. The other reason is that I always regretted my choice of names when I think about search engines. No one is going to type in “Double” or “Challenge” when they are looking for money making blogs, but someone will probably type in “Money” and maybe even “Million”. That is why I changed the name from The Double Challenge to Money2aMillion. The “2″ in there is the subtle hint that this is a doubling blog. For those of you who weren’t following my progress at The Double Challenge and are wondering exactly what a doubling blog is, here is a quick run down:

If I gave you $500,000, do you think you could find a way to turn it into $1,000,000? If you said “yes” or “I think so” or something like that then I have another question for you. If I gave you $250,000, do you think you could find a way to turn it into $500,000? If you said yes, then I will keep repeating this question until I am asking if you can turn 1 cent into 2 cents. Assuming you said yes all along (you should if you said yes to the first question), then there should be nothing stopping you from turning 1 cent into a million dollars. And how many doubles will it take you to turn 1 cent into 1 million? The answer is just 28 doubles! That’s right! Double one cent 28 times and you have over a million dollars. The Double Challenge actually concentrated on paying off my mortgage instead of earning a Million Dollars. This blog will complete the journey of paying off my mortgage and then restart in an effort to earn a Million Dollars (thus I can still call it Money 2 a Million. Now different “doublers” follow different rules. These are mine:

Rule1: I cannot use any of my “real life” money for anything related to this project. This project MUST stand on it’s own. If I lose everything, then I will only lose what I didn’t have in the first place.

Rule 2: If the current step results in more than doubling, then this becomes the new benchmark for doubling. For example, If I have $5 and need to double to $10, but somehow I turn it into $12, then I now have $12 and need to try to double to $24.

Rule 3: If the current action results in less than doubling, then I can use all the money to keep trying to complete the doubling. For example, if I have $5 and I turn that into $7, then I still need to complete the doubling, but I can now use the $7 to do it.

Rule 4: I can only concentrate on the current doubling effort. I cannot speculate how I will double larger amounts of money in the future. This will reduce the chance of me getting overwhelmed or bogged down. I can always double what I have and that is all that matters.

Rule 5: I cannot spend one cent of this money until I have enough to pay off my mortgage. Of course, I can spend it to further the project, but no “withdrawls”.

Rule 6: I cannot use any hidden resources - ie. no photocopying from work… I’d have to do it at the local copy place.

Rule 7: If I suffer a major loss, I have the option of acknowledging it and resume doubling from what I currently have.

Rule 8: I can get the money any way legally possible. I can work, trade, buy stocks - anything legal to double it.

Rule 9: When determining when I have acheived the next level, I am able to include foreign money (my currency is Canadian) at the exchange rate of the day and also inventory at the purchase price unless I feel that they were bad purchase decisions, in which case they are worth $0 until I sell them.

At the writing of this post, I have the following in my project in Candian Dollars unless specified otherwise:

Canadian Money: $319.93

American Money: $8.02USD

1 Television ($5)

1 Humidifier ($5)

6 Watches ($80.65)

2 Walkie Talkies ($1)

1 VCR ($2)

My current Doubling Project is $416 to $832.

Since I’ve moved domains, I have lost all of my customization, links, advertisements, etc. I apologise for this. I’ll have to relearn how to do all of that in a Wordpress environment instead of on blogger. In time, the site will look decent again, showing my totals, goals, etc. at a glance. Stick with me while I fix all that up.

Flip