February 13, 2008
I Want to Give You A Penny a Day, Doubled Daily for a Month or a Million Dollars.
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A man in a pressed, dark suit walks up to you and offers you two choices.
1. A penny a day, doubled daily for 30 days.
2. Or a million dollars (in cash) right now. Which one would you chose?
I know, I know. Its a loaded question, and an older riddle that you've probably heard before.
But a closer look may reveal some things you may not have considered before. Take a look below and you'll see how the penny performs over the next 30 days.
| 1 |
| 3 |
| 6 |
| 12 |
| 24 |
| 48 |
| 96 |
| 192 |
| 384 |
| 768 |
| 1536 |
| 3072 |
| 6144 |
| 12288 |
| 24576 |
| 49152 |
| 98304 |
| 196608 |
| 393216 |
| 786,432 |
| 1,572,864 |
| 3,145,728 |
| 6,291,456 |
| 12,582,912 |
| 25,165,824 |
| 50,331,648 |
| 100,663,296 |
| 201,326,592 |
| 402,653,184 |
| Total 805,306,368 |
If you look at day 20, you'll see that the money is not even close to the original million dollars. In my experience, most people (including myself) would start to question their decision at around this date. However, looking at the chart above, you'll see that the last couple of days easily puts the exponential growth of the "penny a day" way ahead of the cool million. So, why am I making a fuss about a riddle that you've already heard and mastered. Here's the secret.
Get into business with exponential growth. There are plenty of examples, including Internet marketing, (where the amount of people plugging online and using the internet for the first time is exploding exponentially.) Get into a business that you can leverage. Examples include real estate or trading options where you can leverage other people's money. Network marketing also can give you the opportunity to build a tremendous business with very little capital.
My second point is a little more philosophical, because it involves some personal development.
T. Harv Eker says, "If an oak tree had a brain, it would be 10 feet tall." My point is that around day 27, (in the above example) some people may let doubt set in and begin to question their original decision and start wishing they had the million dollars.
Looking past finish line, they would soon see that if taken the million dollars, they would left millions on the table.
Finish what you start and always look at the finish line. We can't change the decisions we made in the past. We can only look back, learn and move on and focus on the finish line.
Best,
Mark Archer
Filed under Blog by Mark Archer

Comments on I Want to Give You A Penny a Day, Doubled Daily for a Month or a Million Dollars. »
Wealth Rule #3 Do the Common Thing…Uncommonly Well… @ 11:35 am
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AJ @ 3:46 pm
I'd sure take the offer of a penny a day, doubling it each and every day. This would be a dream come true.