It has been a little while since i updated the blog here about my project to double my way to a million. While there are a number of reason why i have been stalled and not managed to make any progress toward’s higher levels then where i am at which i believe is about step 6 from memory, none can really be an excuse.

The only excuse that i will actually use is that i do not want to drop my ability to trivial pursuit’s of mere cents. While there are many different avenues that i could have pursued to make a few dollars here and there, in the form which many other people have taken, such as collecting can’s or attempting to sell junk i find on the footpath on ebay. I feel that following this path would have done absolutely nothing for  me to learn anything let alone have done anything but  add  $10-$20 to my efforts, and have taken much much more time, then i can gain in other worthwhile pursuit’s.

While i can understand that a good portion of doing this whole program is to build experience’s and to gain new perspective’s in thinking differently. For me this is not going to be gained through lowering my standard’s. Now i will also admit that i have not done anything of a higher level to gain this income either. In all honesty i let this whole idea go by the wayside completely, While i could use work, or any number of other things as an excuse i wont i have been deep in thought about this really. Primarily because while i did change the original rules, and i did even drop some steps, and make the doubling happen quicker through the steps, i really am at a stretch consdering, there must be an easier way to get started, what is the point of trying to scrounge up 5 cents here and a dollar there.

While i do not hold any grudges to anyone willing to learn all the lessons that could be learned from this project, I feel that at the basic bottom level of this project the initial lessons are lessons that i have been taught many time’s before. These lessons are some of the most basic lessons of money yet they are the ones that many many people overlook over and over again. I will share with you one of the most important lessons that i myself learn’t long before this project was even in my mind.

Protect your capital.

If you have no capital then what will you use to make more capital. This is enforced by one of the rules within this project, which says “When you achieve a new step you may remove the money that is above the amount needed to move to the next step but anything else must be left in the project and used to move to the following step”. This rule in it self promotes maintaining capital, and not using capital for anything apart from adding more value to your business, or other enterprise.

This lesson was something i discovered a long time ago, which gave me a great chance to build additional money before i ever came across this project, primarily because of another lesson i will discuss at a later time which is the “lesson of compounding”

More from Double Your Way To A Million Project

• Income Ideas: Market Stall
• Finding Money
• Business Ideas coming…