Step 16 - Hasty Speculation

How To Double Your Way To A Million In 28 Steps
There is Proverb that reads:

Steady plodding brings prosperity;
hasty speculation brings poverty.
Although I have known this for sometime, every once in awhile I think I can cheat the bank, so to speak, and maybe outwit the wisdom of the ages and prosper through speculation.

Of what speculation do I speak? The Stock Market and more specifically, the Penny stocks.

I first traded penny stocks back in the early to late 80's and I didn’t make any money on it then and I doubt I will be making any money on it now. The last trade I made for a penny stocks back then was on Black Monday , October 19, 1987. I was on the phone to my broker saying to buy a certain stock and he was saying to me well the market is dropping a “Little” and maybe I should wait. It was actually dropping 500 points but he didn’t want to be an alarmist. I said; “No, go ahead and buy it anyways”. Famous last words as the markets dramatically dropped leaving us with the second worst day for the markets around the world in history.

You would think that after that I would have learned but through the next 20 years I would pay the price for my speculating in the commodities market, the stock market, the bonds market, the options market, even the stinkin Supermarket(just kidding about the supermarket). Every market known to modern man has cost me greatly. By my calculations I would already be at the coveted Million if I had just saved my money and not invested in any “Market”.

I think the years 2000 and 2006 were the worst. In 2000 I bought Intel two days before the stock cut in half. How much did I lose? Well, lets just say I had sold my home and invested the money in the stock.

The loss was catastrophic. Did that stop me from investing in the stock market? Nope.

Amazingly after all these years and the many attempts, it is the small loss of around $50.00 of my DTAMP stake that has finally convinced me to stop speculating in the stock market, permanently. 20 years can change a man, even a man as stubborn as old Xinfinitum here, even if the change doesn't come until the last minute.

Yet, each man has his own path to walk, a journey different than any others, unique for that soul, unique for that life. Lessons to learn that are as individual as the individual themself.

There are many lessons to learn doing the Double to a Million Plan. I think everyone that attempts it will learn lessons that perhaps have alluded them up to this point. I don’t know exactly why it seems to work the way it does, but the things one can learn during the adventurous trek can and will be very valuable.

I haven’t been writing much because I haven’t made any additional funds for the stake. It doesn’t mean I haven’t been busy though. Between the Doubler’s Den forum and a few projects I am working on for DTAMP, I have been putting in many hours a day.

I thought I would answer a hypothetical question a reader asked in the last post.

“if a set amount of time was needed to accomplish a step, wouldn't it be logical if the same method(s) were applied then the next step would talk(take) twice as long?"

I think the answer is Yes and No. First, there is no set amount of time to worry about. Second, even when the same methods are applied, they seem to have varied results. For example, I found when collecting cans and bottles, I could spend the same amount of time collecting but happen to find a street that was a gold mine. I would collect double the amount than I had on other days. Same method, different result.

Nothing ever seems to stay constant, the variables always make calculating the completion of a project impossible. However, one needs to create new methods when the older methods become nearly totally useless in assisting in the completion of a step.

What I am finding is that, amazingly, when a new method is needed, it seems to mysteriously pop up. Sort of, it isn’t there, until the need for it to be there, arrives. One need not worry whether the provision will be forthcoming for the future for it will be there when it is needed. You could call it faith when you just don’t worry about the fulfillment of the future need.

Present Stake: $192.19

Motto: It is only "one" found penny.

Regards,

Xinfinitum


This Double a Penny to a Million Blog is based upon the Doubling Plan "How to Double Your Way to a £Million in 28 Steps". It is an attempt to "Double Your Way to a Million" by going from one penny to one million dollars, starting from nothing. At the beginning you start by finding that Million Dollar Penny and then double that Lucky penny until reaching $1,000,000.

How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan

"For The Next Chronological Post Click Here"

Step 16 - The Slow Motion Step

How To Double Your Way To A Million In 28 StepsThings have been (very) slow lately as far as adding funds to my "Stake".

The website design has met with different barriers that have also slowed it's progress.

Today, I calculated the interest that was earned on the funds still sitting in the Penny Stocks Brokerage account. It came to ($0.51) which I added to the stake total.

I have been spending some time working over at the - "Doubler's Den Forum"

Please stop by and join in if you get a chance.

Now lets talk about "Step 16". I call it the slow motion step. For some reason it is a tough step to get through. It may be a fact, that is yet to be determined, that all future steps are going to be equally grueling to get through as step 16 has been. It could also be true that Step 16 is unique for various reasons that elude me at the moment. We shall see as the future unfolds.

In the meantime, I have come up with a few new ideas that I hope to implement in the near future. I have the funds to begin to bring these ideas into fruition so I am working out the fine details. What I need to determine now is do I have the drive to get them completed.

It looks like I may discontinue the Penny Stock pursuit, at least at this time. I do not feel I have enough funds to risk in such a venture. Out of the $51.20 I invested, the equities are only worth $18.00 . I am not too hopeful for the recovery of the stocks I purchased, but I might pull through this one by the skin of my teeth, if an amazing stroke of fortune happens by me.

This a devastating blow to my overall "Stake" . It is a loss of 15.93% of my present stake of $208.38 if I were to liquidate my positions.

Present Stake: $208.38

Motto: It is only "one" found penny.

Regards,

Xinfinitum


This Double to One Million Blog is based upon the Double a Penny Plan "How to Double Your Way to a £Million in 28 Steps". It is an attempt to Double you way to a Million by finding a penny and then, following the double penny rules, Double a Penny to One Million dollars. Go from Zero to a Million dollars, Step by Step, from "One Cent to a Million in 28 steps".

How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan

"For The Next Chronological Post Click Here"

Step 16 - Why Rules Anyway?

How To Double Your Way To A Million In 28 Steps
Rules are good for certain conditions.

One is as I described in my Blog Post...Competition.

When people compete they need ground rules that everyone must follow for it to be fair and equitable, for there to be a measurable outcome of comparison.

But since this isn't a competition then the rules are irrelevant.

Rules are important when people need to work together, you need rules for Unity. If you have rules and others do not follow them, then trust breaks down between parties thus unity and cohesion goes out the window.

If you are trying to have unity without a common set of rules you end up with chaos and bedlam.
But since the doublers are all individuals, teamwork is not a factor. Being unified in a common goal is irrelevant, then the rules do not apply for these purposes.

The rules are good for comparison of two or more separate sources apart from competition. If it is useful to compare progress, improvement or other quantifiable measurements then a set of ground rule or criteria need to be adhered to in order that an accurate comparison can be made.

Rules limit factors that need to be judged for an outcome.

But again, since no measurements need to be made and random factors do not have to be quantified then the rules are irrelevant.

I think in this case the Rules are good for establishing a foundation upon which to judge the consequences of self-discipline which is a large factor when dealing with the area of financial success.

The Rules, whether those directed in the report or those established by each individual, provide a point of reference or more so a guard rail that keeps the candidate driving on the road and between the lines. They help to keep the person on the straight and narrow way to success.

Humans have a tendency to get easily distracted. Without a good solid set of disciplinary rules, when a pretty shiny bobble subtly manifests itself, they are off to pursue it.

The rules help keep us in line and on target.

Present Stake: $207.87

Motto: It is only "one" found penny.

Regards,

Xinfinitum


This Doubling Blog is based upon the Doubling Plan "How to Double Your Way to a £Million in 28 Steps". It is an attempt to "Double Your Way to a Million" by going from one penny to one million dollars, starting from nothing. At the beginning you start by finding a penny and then double a penny until reaching $1,000,000.

How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan
"For The Next Chronological Post Click Here"

Step 16 - The Edo Commission

How To Double Your Way To A Million In 28 StepsToday, I received the commission from "Megastep International" for the Ebook that Edo most graciously purchased. Thank You.

I received a Paypal payment for a commission for $8.00 . After the fees that Paypal took (Basic Fee: -$0.69 USD) and a (Cross Border Fee: -$0.08 USD) I ended up with adding $7.23 to my "Stake".

Present Stake: $207.87

Motto: It is only "one" found penny.

Regards,

Xinfinitum


This Double A Penny Blog is based upon the Doubling Plan "How to Double Your Way to a £Million in 28 Steps". It is an attempt to "Double Your Way Into A Million" by finding a penny and then doubling to a million, starting from nothing. At the beginning you start by finding a penny and then double a penny until reaching $1,000,000.

How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan

"For The Next Chronological Post Click Here"

Step 16 - Motive Introspection

How To Double Your Way To A Million In 28 StepsIt seems that I have come to another point that I need to do some introspection regarding all this Doubling Up to a Million stuff.

Over the course of doing this I have noticed that other Doublers have not been following the rules as presented in the Stuart Goldsmith Free Report:

"How to Double Your Way to a £Million in 28 Steps"
From time to time I got rather upset by this occurance but was unable to actually figure out why it bothered me at all.

I would watch as some would do things in violation of the rules and it would accelerate them along, enlarging their "stake". I would think, "Hey, thats not fair!"

Recently I mentioned in the "Doubler's Den Forum" about a technique that was being used, and starting to spread that, to me, seemed to cross the borders of the rules.

Introspection time had been coming now for a while, I could feel it bubbling below the surface but couldn't get a grasp on it.

At this point, I think I am seeing a few things a bit more clearly.

First, I asked myself, self, why are you bothered that others are not following the rules exactly as laid out?

The answer was as follows; Although I do not like competition, I think I learned to be competitive from my Father, who competed about everything. When I first started this Double to a Million Plan I knew others were doing it as well and this raised up a bit of a competitive spirit in me.

You can read more about learning to be competitive at a former post:"Step-14 Epiphany"
I thought it would be fun to compete with others around the world as we moved toward the goal of the Million dollars. Looking at it that way I guess I made the mistake of assuming that others would see it that way as well.

Since we all had a set of rules to follow, we were, for the most part, all on even ground so to speak. No one had an advantage over anyone else and the competition would be fair.

But as time went by and other's changed the rules they followed or modified them or disregarded them altogether, I, still stuck in a competitive mode in my mind, felt like I was playing by the rules and they were not.

Today I realized that this competitive ideal was not working for me and in fact was causing me grief and irritation. The game was not fun anymore.

Of course I only did this to myself, no one else was even playing so if they weren't playing, it really didn't matter whether they cheated or not.

Arkad said something in the Forum that made me realize that each person had an agenda or goal and it wasn't the same goal as mine.

He said; "As long as we're all becoming wealthier, that's all that matters."

This got me thinking, "Hey, just what is my motive for doing this double to a million thing anyways?"

That is when I realized that one of my motives was to enjoy a competition with my contemporaries (other doublers).

Was that my real motive? I don't think so. I think that was just a conditioned belief system, or behavioral pattern that manifests itself whenever I am in certain conditions with other humans. I get competitive.

Then what was my motive? To make a million dollars or become wealthy?

To be honest, although that would be nice, I rather doubt I will attain those things from this endeavor. I am not saying it is impossible, I am just not sure I have the drive, ambition or self-sacrifice to do it. I will try but the money is not my motive.

So what is my motive?

I think to a certain extent, my motive was first the need for a combination of self-discovery, self-expression and the rooting out of harmful false belief systems that caused me to, for all intents and purposes, feel miserable most of the time.

Something inside me told me that following this plan was going to help me in ways I couldn't imagine at the time. It would present circumstances and situations that would make me examine myself from different angles and see things that needed to be dealt with.

I was real excited about this plan, when I first started, because I felt I needed to do this, to learn things that I was finding not only impossible to see in my present state but didn't have the capacity to even conceive what these things were.

In other words I was at a roadblock, an impasse and I couldn't get around it.

I saw in this plan a scenario that would teach me what I need to know and what I needed to learn about myself to get around this impasse.

One of the things I am now seeing is that perhaps I set up a competition with others around me and that competition only brings unhappiness and grief. For one thing the other people don't even know that there is a competition in the first place.

I have decided that I am still going to follow the rules as they are presented, but the reason I am going to do that, is not because of a competitive aspect but rather because I feel the need for some boundaries and guidelines in my life.

I have never really been a rule follower. In fact, I always hated rules, but now I feel I can learn the most from this project if I follow the rules as perfectly as possible.

It would have been fun if we all were playing the game together, but I don't think it is going to bother me anymore that other Doubler's are playing the game by themselves and by their own rules.

No more competition for me.

My Motive is to learn everything I can from this Double To A Million Plan and change as a result.

Present Stake: $200.64

Motto: It is only "one" found penny.

Regards,

Xinfinitum


This Doubling a Million Blog is based upon the Doubling Technique "How to Double Your Way to a £Million in 28 Steps". It is an attempt of Turning a penny into a million dollars by finding one penny and growing it to one million dollars, starting from nothing. Double your way to wealth, learn how to raise a million dollars starting with one penny.

How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan
"For The Next Chronological Post Click Here"

Step 16 - Doubler's Forum

How To Double Your Way To A Million In 28 StepsThere is a new forum specifically for individuals attempting to Double their way to a million in 28 steps.

Arkad set it up recently and you can visit and join by going to:

"The Doubler's Den"
I think it has been going well over there and there has been some interesting interaction.

I was a bit nervous at first, the idea of a forum, but I like the way things are turning out after all.

Stop by the first chance you get.

Present Stake: $200.64

Motto: It is only "one" found penny.

Regards,

Xinfinitum


This Doubling Blog is based upon the Doubling Plan "How to Double Your Way to a £Million in 28 Steps". It is an attempt to "Double Your Way to a Million" by going from one penny to one million dollars, starting from nothing. At the beginning you start by finding a penny and then double a penny until reaching $1,000,000.

How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan

"For The Next Chronological Post Click Here"