Turning 50 Cents Into a Million Dollars

How long do you think it would take to turn 50Did you ever hear the story of the “one red
cents into a million dollars? Would it take you inpaper clip?” The guys who wanted to trade
eternity, 25 years or maybe you could do it in 10his red paper clip for something more valuable. In
years?doing so he kept trading up until he ended with a
Let me ask you this. How hard do you think ithouse, which only took him 14 trades and less
would be to double your money? Could you turnthan a year. It went something like this:
50 cents into a dollar? Could you turn a dollar intoOne red paper clip eventually turned into a pen,
two dollars pretty quickly? If so, do you think youthe pen eventually turned into a snowmobile, to a
could double $500,000 and turn it into a millionrecording contract, to a movie roll, to a house in
dollars?Canada. Obviously I left some parts out, but you
If that were possible, you could double the valueget the idea.
of a 50 cent piece and it would only take 20The point is it you don’t need to be rich in
times of doubling your money to make a millionorder to become rich. In this case it does
dollars. In other words you can turn 50 cents into“take money to make money,” but it only
a million dollars in just 20 transactions.takes 50 cents. If you can find a way to scrape
It might not be that easy to double money, but itup 50 pennies, then you have the ability to make
can be done. More importantly, this illustrationa million dollars.
shows you how easy it is to become a millionaire.Instead of sitting around thinking about how you
Maybe it would take you 40 times or 50 times,can build wealth and become rich, go out and
but it is completely an obtainable goal. It is just astart doing it. Find out the habits of millionaires and
matter of making your money grow.start acting like one.