If you save a penny, you only have a penny; however, if you double a penny, you have two pennies.
Example 1 - 100% Increase Per Repetition
Here's what happens when you start by doubling a penny and repeat that process for one month or 31 times a year or 31 times in a lifetime. Reinvest the profits each day. This is a one hundred percent increase each day. Multiply by 1 then add to previous total. 1. $0.022. $0.04
3. $0.08
4. $0.16
5. $0.32
6. $0.64
7. $1.28
8. $2.56
9. $5.12
10. $10.24
11. $20.48
12. $40.96
13. $81.92
14. $163.84
15. $327.68
16. $655.36
17. $1,310.72
18. $2,621.44
19. $5,242.88
20. $10,485.76
21. $20,971.52
22. $41,943.04
23. $83,886.08
24. $167,772.16
25. $335,544.32
26. $671,088.64
27. $1,342,177.28
28. $2,684,354.56
29. $5,368,709.12
30. $10,737,418.24
31. $21,474,836.48 So you have something worth a penny and you sell it for two cents, at least. Then you buy something worth the total of what you now have, and sell it for double, and so on. This is an example. You don't have to start a one penny. Start at any price of something you have you can sell. Based on the progression of this pattern, every 3 to 4 repetitions results in moving to the right one decimal place (adding a zero before the decimal, thus going from 1 to 10 to 100 to 1,000 and so on). The actual progression is (0, 4, 7, 10, 14, 17, 20, 24, 27, 30, 34, 37, 40, 44, 47, 50...) which is 433 which is 10.
Example 2 - 50% Increase Per Repetition
Start with one penny, increase by one-half each day. Reinvest the profits each day. This is a fifty percent increase each day. Multiply by 0.5 then add to previous total. 1. $0.0152. $0.03
3. $0.06
4. $0.12
5. $0.24
6. $0.48
7. $0.96
8. $1.92
9. $3.84
10. $7.68
11. $15.36
12. $30.72
13. $61.44
14. $122.88
15. $245.76
16. $491.52
17. $983.04
18. $1,966.08
19. $3,932.16
20. $7,864.32
21. $15,728.64
22. $31,457.28
23. $62,914.56
24. $125,829.12
25. $251,658.24
26. $503,316.48
27. $1,006,632.96
28. $2,013,265.92
29. $4,026,531.84
30. $8,053,063.68
31. $16,106,127.36
32. $32,212,254.72 In this second example you can see it only takes one more repetition to earn the same amount as in the first example. However the daily increase is 50% less each time.
Example 3 - 10% Increase Per Repetition
Start with one penny, increase by one-tenth each day. Reinvest the profits each day. This is a ten percent increase each day. Multiply by 0.1 then add to previous total. 1. $0.0112. $0.022
3. $0.044
4. $0.088
5. $0.18
6. $0.35
7. $0.70
8. $1.41
9. $2.82
10. $5.63
11. $11.26
12. $22.53
13. $45.06
14. $90.11
15. $180.22
16. $360.45
17. $720.90
18. $1,441.79
19. $2,883.58
20. $5,767.17
21. $11,534.34
22. $23,068.67
23. $46,137.34
24. $92,274.69
25. $184,549.38
26. $369,098.75
27. $738,197.50
28. $1,476,395.01
29. $2,952,790.02
30. $5,905,580.03
31. $11,811,160.06
32. $23,622,320.13
33. $47,244,640.26 In this third example you can see it takes only one more repetition to earn at least what was earned in the second example. However the daily increase is 80% less each time.
Example 4 - 5% Increase Per Repetition
Start with one penny, increase by one-twentieth each day. Reinvest the profits each day. This is a five percent increase each day. Multiply by 0.05 then add to previous total. 1. $0.01052. $0.021
3. $0.042
4. $0.084
5. $0.168
6. $0.34
7. $0.67
8. $1.34
9. $2.69
10. $5.38
11. $10.75
12. $21.50
13. $43.01
14. $86.02
15. $172.03
16. $344.06
17. $688.13
18. $1,376.26
19. $2,752.51
20. $5,505.02
21. $11,010.05
22. $22,020.10
23. $44,040.19
24. $88,080.38
25. $176,160.77
26. $352,321.54
27. $704,643.07
28. $1,409,286.14
29. $2,818,572.29
30. $5,637,144.58
31. $11,274,289.15
32. $22,548,578.30
33. $45,097,156.61 In this fourth example you can see it does not take any extra repetitions to earn almost the same as in the third example. However the daily increase is 50% less each time.
Example 5 - 1% Increase Per Repetition
Start with one penny, increase by one-one hundreth each day. Reinvest the profits each day. This is a one percent increase each day. Multiply by 0.01 then add to previous total. 1. $0.01012. $0.0202
3. $0.0404
4. $0.0808
5. $0.162
6. $0.32
7. $0.65
8. $1.29
9. $2.59
10. $5.17
11. $10.34
12. $20.68
13. $41.37
14. $82.74
15. $165.48
16. $330.96
17. $661.91
18. $1,323.83
19. $2,647.65
20. $5,295.31
21. $10,590.62
22. $21,181.24
23. $42,362.47
24. $84,724.94
25. $169,449.88
26. $338,899.76
27. $677,799.53
28. $1,355,599.05
29. $2,711,198.11
30. $5,422,396.21
31. $10,844,792.42
32. $21,689,584.84
33. $43,379,169.69 In this fifth example you can see it does not take any extra repetitions to earn almost the same as in the fourth example. However the daily increase is 80% less each time. We now compare Example 1 to Example 5. We go from a daily increase of 100% to a daily increase of just 1%. Despite this huge difference, it only takes one more repetition in Example 5 to earn the same as in Example 1. However the daily increase is 99% less each time. In other words, you might read the first example and think how impossible it is to keep doubling your money each day. However, is it impossible to increase your money by one percent each time for 32 times? No. It's possible.
Example 6 - Various Increases Per Repetition
All these examples assume you are starting with one penny. What if you start with more? Can you save $100 and invest it or risk it, however you want to look at it? Are you willing to take $100 and get some self-education. Find something you can create and sell or buy and resell that totals up to $100 in cost. Then sell it for at least $101. Here's the math if you only increase your profit by one percent each time. Multiply by 0.01. It would still take 29 repetitions of the process. However if you started with $100 and increased by a constant rate of return of 10%, it would only take 25 repetitions. Most items are easily sold for more than 10% profit.If you started with $200 and increased by a constant rate of 20%, it would only take 18 repetitions.
By increasing the initial investment or by increasing the investment at any point, the time it takes to reach over 21 million dollars is reduced. The time it takes is also reduced by increasing the rate of return. Here is what will most likely happen. At smaller sales prices, the rate of return will be higher, then as the sales price increases, the rate of return will decline and level off for a while then continue to decline.
However at all price levels for most items, there are ways to reduce costs and increase sales price. This is the basis of capitalism. The main problems with capitalism are the unequal start, unethical part towards other humans and nature and the unfair legal advantages as written, enforced and adjudicated. The items you sell could be your hourly labor or any item. It can be a variety of items or a different item each time and could also include labor. Products, knowledge and services are the three basic categories sold. Labor is a service. Knowledge can be part of a product or part of a service.
The list is extremely large of what items can be sold and in what areas labor can be applied. The optimal situation is to find one or more areas that you can enjoy learning about and finding aspects that can be sold as labor and/or as an item. Selling items is better than selling your labor because you can only sell 24 hours of labor per day, not really. The person who resells their labor rather than investing their labor in themselves, will always be taken advantage of by capitalism. The optimal situation is not always necessary. The best situation, a good situation or a better situation is also something to be pursued other than relying on working for others because your true value will never be realized or manifested in the world. This is true no matter how much money you make working for others. These thoughts were granted by I am and are worth more than a penny so this puts us ahead in the new way to play the game of changers.