You’re probably reading this headline and thinking – NO WAY. That’s too good to be true.
It must be a gimmick! A scam. An MLM or something.
Sorry, but nope. I wouldn’t know the first thing about any of that.
But I do know how turn a penny into millions of dollars.
And, because I’ve done it, I don’t mind sharing it with you.
Let me ask…
If I offered you the choice of either:
A) One million dollars in one month
B) One penny that doubled every day for the next 30 days
…which one would you choose?
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There’s a smart answer to that equation. I can’t tell you that answer yet, because first I need to tell you about something even more important.
A simple, powerful concept that will change your mind about saving and investing.
And don’t worry if you’re no good at math, because I’m not either. But I still made my millions – and here’s the step-by-step strategy…
When I was first asked to choose between a million dollars in one month or a penny doubled a day for a month, I chose the obvious. The million.
I mean, a million is more than a penny any day! You don’t have to be a mathematician to work that out.
Well, actually, you do.
Because when I whipped out my calculator and punched in the numbers, here’s what I discovered…
Day 1: $.01
Day 2: $.02
Day 3: $.04
Day 4: $.08
Day 5: $.16
Day 6: $.32
Day 7: $.64
Day 8: $1.28
Day 9: $2.56
Day 10: $5.12
Day 11: $10.24
Day 12: $20.48
Day 13: $40.96
Day 14: $81.92
Day 15: $163.84
Day 16: $327.68
Day 17: $655.36
Day 18: $1,310.72
Day 19: $2,621.44
Day 20: $5,242.88
Day 21: $10,485.76
Day 22: $20,971.52
Day 23: $41,943.04
Day 24: $83,886.08
Day 25: $167,772.16
Day 26: $335,544.32
Day 27: $671,088.64
Day 28: $1,342,177.28
Day 29: $2,684,354.56
Day 30: $5,368,709.12
So… that’s over five million dollars. In 30 days.
From a penny.
Magic? Nope. And no gimmick, either. Just math.
Of course, making that money actually happen is quite another thing. That’s what we’re going to talk about.
This simple but powerful money-growing tool not only works – it’ll change the way you do business.
You’re probably wondering what the heck this has to do with YOUR business.
Well, first of all, the concept of compound interest makes three things very clear.
Money doesn’t happen overnight.
Patience is a virtue.
Success comes to those who believe in their work.
No doubt you’ve been told by internet marketing gurus that they can make you a zillionaire overnight. All you have to do is sign up for their special course, and…
Sorry again, but nobody can help you make your millions but yourself.
What’s funny is that many people don’t understand how compound interest works. Many are afraid of the idea of investment, or they think it’s not their cup of tea.
Many of us think, “I’ll start saving tomorrow,” or “I’ll think about investments when I can afford them.”
Tomorrow is here. And you can’t afford NOT to invest.
The number one thing about compound interest is that when you hang onto your money for a good period of time, it grows.
Unfortunately, we’re often only thinking about instant rewards. If we don’t see our bank account balance change immediately, we quit. We believe that the only way to make millions is by winning the lottery.
Here’s an example.
Say that your business currently brings in five figures. It’s taken you a long time to get there, but you’re doing okay. You’re just not moving any higher.
But you’d like to, right?
If you could, you’d be earning six figures. Or seven, eight…
So, imagine one day you run into an old friend who’s also an entrepreneur. He’s driving a Mercedes and wearing an Armani suit. He’s doing pretty well.
Your friend tells you that a few years ago, he was selling a magazine that cost just $60 per year. Today, his magazine has around 20,000 subscribers.
It’s taken him 15 years. But now he’s driving the Ferrari. So, if that’s not a lesson in sticking at something, I don’t know what is.
To make your millions, you gotta be in it for the long run.
The good news is that today, you probably don’t have to wait 15 years. Let’s imagine you’re starting out with a magazine business, like your friend.
Instead of charging a measly $60 a year, let’s say you charge $20 a month.
Your goal is to get 1 subscriber the first month.
Then, next month, you double that.
The month after, you double that. And so on. For a year.
Guess what? By the time you’ve been in business for 12 months, you’ll have over 2000 subscribers to your magazine.
But most importantly, you’ll be making $40,000 a month. Not bad for your first year!
Okay, so you’ll have to do some work to get those subscriber numbers. That’s what YOU have to work out for yourself. I’m just here to show you how the math works.
Here’s another example. This one is about how investments gain value over time. If you want to retire with money in the bank, listen up.
You’ve got $100. That’s not much. But you invest it in a savings account.
And you don’t touch it. All you do is add $100 to that account every month. Again, it’s not much.
What happens when you do this every month for 20 years?
Yes, 20 years is a long time – but compound interest is about long-term investments. There are no shortcuts here. Bear with me.
Over 20 years, that tiny $100 would grow. And grow.
It would grow into…. over $24,000.
Again, that’s just math!
Adding $100 a month is pretty doable. But it adds up to $1200 a year.
Enough to retire on? Well, that depends on your lifestyle! But it’s certainly a fairly hefty sum.
Now, consider that sum if you invested it in a high-interest savings account. The interest you earn could mean that you end up with double the amount… or more.
If you don’t save a little something every month, your bank balance won’t ever change. You’ll only have outgoings.
And what if you bumped up your monthly contribution to $150? Again, it’s not a huge dent in your monthly spend. It’s probably what you would otherwise spend on takeout or a night on the town.
But it could make a huge difference to that final equation.
(You do the math.)
When you look to the horizon and plan ahead, you’ll get your rewards. They may not be instant, but they’ll be GOOD.
Money can be manipulated. But you have to be smart about it.
That means being smart about your business. Embrace good marketing. Make your website amazing. Know your audience, and know what they want.
If your business is something you’re truly passionate about, you won’t find any of this difficult.
Remember to be patient.
If things are slow to begin with, don’t panic. Struggle is normal. But when you push through those hurdles and meet your targets each month, you’ll begin to see those small gains.
Sales will start to take off. Your customers will start multiplying. Affiliates will call up and ask if they can promote your product.
Suddenly, your business will rise from that plateau and shoot up as the multi-million dollar enterprise you dreamed of.