Here's an
easy way to make Yourself a Million Dollars
All you need to begin with is a dime -- ten cents. Have you got the
dime?
All right -- just double it twenty-four times. That doesn't sound
difficult,
does it? Just double a dime 24 times and you'll have better than
a million
and a half dollars.
Looked at in this light it doesn't seem so difficult, but when you
get to the
last five times, it's going to take a good deal of effort. When
you're half
through, when you've doubled the dime twelve
times, you've only got
$409. 60. But by the time you've doubled that dime sixteen times,
you're
up to more than $6, 000. By the time you get to the twentieth
time you're
at more than $100, 000. Then 21 – 23, and the next one brings
you over
the top with $1,677,721.60
It's probably this kind of tinkering with figures that lures people
to the
gaming tables everywhere. Barring table limits,
twenty-four passes would
do it. Of course if you feel lucky a lottery ticket would do
just as well.
The only sure ways of making money are;
“Man at work or
Money at work”
But you can have fun with this doubling a dime business over the
dinner
table with friends, or at a business lunch. You can do this with a
penny too.
Oddly enough, while you only have to double a dime 24 times to pass
the
million dollar mark, you need only double a penny
27 times to achieve a
similar result. $1,342,177.28
This is the magic
of compounding Interest
|
Dime
doubled 24 times |
|
Penny doubled 27 times |
||||||
|
# |
Compound Magic |
|
# |
Compound Magic |
||||
|
times |
The Doubler
Calculator |
|
times |
The Doubler Calculator |
||||
|
1 |
0.10 |
x2 |
$0.20 |
|
1 |
0.01 |
x2 |
$0.02 |
|
2 |
0.20 |
x2 |
$0.40 |
|
2 |
0.02 |
x2 |
$0.04 |
|
3 |
0.40 |
x2 |
$0.80 |
|
3 |
0.04 |
x2 |
$0.08 |
|
4 |
0.80 |
x2 |
$1.60 |
|
4 |
0.08 |
x2 |
$0.16 |
|
5 |
1.60 |
x2 |
$3.20 |
|
5 |
0.16 |
x2 |
$0.32 |
|
6 |
3.20 |
x2 |
$6.40 |
|
6 |
0.32 |
x2 |
$0.64 |
|
7 |
6.40 |
x2 |
$12.80 |
|
7 |
0.64 |
x2 |
$1.28 |
|
8 |
12.80 |
x2 |
$25.60 |
|
8 |
1.28 |
x2 |
$2.56 |
|
9 |
25.60 |
x2 |
$51.20 |
|
9 |
2.56 |
x2 |
$5.12 |
|
10 |
51.20 |
x2 |
$102.40 |
|
10 |
5.12 |
x2 |
$10.24 |
|
11 |
102.40 |
x2 |
$204.80 |
|
11 |
10.24 |
x2 |
$20.48 |
|
12 |
204.80 |
x2 |
$409.60 |
|
12 |
20.48 |
x2 |
$40.96 |
|
13 |
409.60 |
x2 |
$819.20 |
|
13 |
40.96 |
x2 |
$81.92 |
|
14 |
819.20 |
x2 |
$1,638.40 |
|
14 |
81.92 |
x2 |
$163.84 |
|
15 |
1,638.40 |
x2 |
$3,276.80 |
|
15 |
163.84 |
x2 |
$327.68 |
|
16 |
3,276.80 |
x2 |
$6,553.60 |
|
16 |
327.68 |
x2 |
$655.36 |
|
17 |
6,553.60 |
x2 |
$13,107.20 |
|
17 |
655.36 |
x2 |
$1,310.72 |
|
18 |
13,107.20 |
x2 |
$26,214.40 |
|
18 |
1,310.72 |
x2 |
$2,621.44 |
|
19 |
26,214.40 |
x2 |
$52,428.80 |
|
19 |
2,621.44 |
x2 |
$5,242.88 |
|
20 |
52,428.80 |
x2 |
$104,857.60 |
|
20 |
5,242.88 |
x2 |
$10,485.76 |
|
21 |
104,857.60 |
x2 |
$209,715.20 |
|
21 |
10,485.76 |
x2 |
$20,971.52 |
|
22 |
209,715.20 |
x2 |
$419,430.40 |
|
22 |
20,971.52 |
x2 |
$41,943.04 |
|
23 |
419,430.40 |
x2 |
$838,860.80 |
|
23 |
41,943.04 |
x2 |
$83,886.08 |
|
24 |
838,860.80 |
x2 |
$1,677,721.60 |
|
24 |
83,886.08 |
x2 |
$167,772.16 |
|
|
|
|
|
|
25 |
167,772.16 |
x2 |
$335,544.32 |
|
|
|
|
|
|
26 |
335,544.32 |
x2 |
$671,088.64 |
|
|
|
|
|
|
27 |
671,088.64 |
x2 |
$1,342,177.28 |