A million dollars won’t get you far anymore but aiming for your first million is still a worthy goal.
Aspiring Millionaire has 3 projects about becoming a millionaire and increasing your wealth.
Project 1: $1 to $1,000,000 by doubling
Project 2: Business, invest or save?
Project 3: $27.40 per day = $10,000 in a year
Each project has a different focus but all have the same goal of improving finances.
Project 1: $1 to $1,000,000
You can get to $1,000,000 starting with $1 by doubling it 20 times:
Starting with $1, get something to resell, then double it to $1,000,000.
$1 x 2 = $2
$2 x 2 = $4
$4 x 2 = $8
$8 x 2 = $16
$16 x 2 = $32
$32 x2 = $64
$64 x 2 = $128
$128 x 2 = $256
$256 x 2 = $512|
$512 x 2 = $1,024
$1,024 x 2 = $2,048
$2,048 x 2 = $4,096
$4,096 x 2 = $8,192
$8,192 x 2 = $16,384
$16,384 x 2 = $32,768
$32,768 x 2 = $65,536
$65,536 x 2 = $131,072
$131,072 x 2 = $262,144
$262,144 x 2 = $524,288
$524,288 x 2 = $1,048,576
You won’t double it exactly every time but it is interesting to think about, experiment with ways to double your money and create income streams.
This project will focus on creating a different income stream for each time the money is doubled as well. This making it not only $1,000,000 but also multiple income streams.
Project 2: Business, Invest or Save?
Which one will bring you the most money?
We have selected 8 streams of income/investing to test using $25 each per week, so a total of $200 per week split into these 8 streams.
One is a high interest savings account, another is a business being started from scratch and the others are various forms of invest we will be comparing.
The exact investment choices will be kept private for now as we do not want to influence anyones investment decisions.
We will track and share the results each month.
Project 3: $27.40 x 365 = $10,000
$10,000 is not $1,000,000 but it is easier for most to achieve or consider.
By finding a way to make an extra $27.40 or save an extra $27.40 from the budget each day and putting it into a separate account, you can have $10,000 in 12 months.
Use that $10,000 for whatever you want. We will be investing ours to make it grow.
This project is to help focus on the every day things, starting small and to show how being consistent builds results.
Note: The money will go into a high-interest savings account, so it will be slightly more than $10,000 when you add the interest.
Follow For Updates
If you want to keep updated, follow along and learn how to try some of these things yourself, you can here:
A weekly email with updates and financial tips is available here.
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