Sunday, July 14, 2013

Turning a Pound in to a Million!

It has been a while since on concentrated on the original doubling scheme that was what started this blog in the first place. With my first pound I managed to buy and sell things until I got quite a bit of money, however, I spent it and did not carry on. I do know people who are still working on the scheme but it does take time. What I found most difficult was knowing what sorts of things to invest in. I ended up finding it far easier to just earn money.

I did learn some useful lessons along the way though and I feel that I really should have another go at doubling again because it could teach me more and I may even get all of the way to the million at some point.

At the early stages I found that picking up coins was the best way to get money. Then I bought and sold things, such as books. I could also imagine that once I had a significant amount I could invest in things like premium bonds or shares. However, I found it tricky knowing what to do when I had tens of pounds apart form buying and selling which seemed slow. I think it would be useful for me to read doubling blogs and see how other people did it so that I could pick up tips from them. Many of them were US based which meant that some of the things that they did were not applicable to me. However, I feel that I need to be more open minded and have another go and see where it leads me.

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