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Can I make £1,024 in 11 weeks from nothing?
ehallett
Posts: 1,960 Forumite
Hi everyone - time for a new challenge (running alongside my clear a debt a month challenge and my head to head challenge 
).
So here's the inspiration for this challenge. I once read a story about a guy who set out to make over £1,000 from nothing. He did this by starting off with £1 and finding ways to double this each week. This could be from buying and selling, gambling, shares etc.
He managed it and made over £1,000 in under 3 months. I have always wanted to try this so I am going to - after all I've got nothing to lose!!
So here's the plan, I'm going to start by trying to make £1.00 out of nothing (any ideas welcome
) and then double it each week. Here's the dates I need to keep to:
£1 – by 2nd October
£2 – by 9th October
£4 – by 16th October
£8 – by 23rd October
£16 – by 30th October
£32 – by 6th November
£64 – by 13th November
£128 – by 20th November
£256 – by 27th November
£512 – by 4th December
£1,024 – by 11th December
Let the challenge begin
Emily x
(anyone wishing to join in will be more than welcome
)
As requested - here are the rules of this challenge:
1. Any cash that you make must be created from nothing - you cannot use your own money to create a profit and then use that profit to start with.
2. If you wish to sell items on Ebay then please use items that you personally didn't buy. These can be a present, prize, freebie etc - as long as the item didn't cost you a penny, it's ok.
3. If you wish to use cashback from a site like Quidco, then this must have been generated through a free method and not from internet shopping. If this money was raised through free offers and clickthroughs then this is fine.
Please let me know if there is anything I have forgotten - good luck and have fun!
).So here's the inspiration for this challenge. I once read a story about a guy who set out to make over £1,000 from nothing. He did this by starting off with £1 and finding ways to double this each week. This could be from buying and selling, gambling, shares etc.
He managed it and made over £1,000 in under 3 months. I have always wanted to try this so I am going to
- after all I've got nothing to lose!!So here's the plan, I'm going to start by trying to make £1.00 out of nothing (any ideas welcome
) and then double it each week. Here's the dates I need to keep to:£1 – by 2nd October
£2 – by 9th October
£4 – by 16th October
£8 – by 23rd October
£16 – by 30th October
£32 – by 6th November
£64 – by 13th November
£128 – by 20th November
£256 – by 27th November
£512 – by 4th December
£1,024 – by 11th December
Let the challenge begin
Emily x
(anyone wishing to join in will be more than welcome
)As requested - here are the rules of this challenge:
1. Any cash that you make must be created from nothing - you cannot use your own money to create a profit and then use that profit to start with.
2. If you wish to sell items on Ebay then please use items that you personally didn't buy. These can be a present, prize, freebie etc - as long as the item didn't cost you a penny, it's ok.
3. If you wish to use cashback from a site like Quidco, then this must have been generated through a free method and not from internet shopping. If this money was raised through free offers and clickthroughs then this is fine.
Please let me know if there is anything I have forgotten - good luck and have fun!
0
Comments
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hhhmmmmmm :think: an interesting challenge, wonder if it could work :think:Savings Total so far for 2026: £0/£10,0000
-
Hi Emily, what a brilliant challenge. I wish you lots of luck with it. I'll be keeping an eye on how you do it...Debt at highest May 2006: £27,472.24
currently: £13,353.25DFW Nerd 178Proud to be dealing with my debts0 -
Thats a cool idea! Good luck with it! I'm sure a little quidco-ing and mystery shopping to get started, then some matched betting would probably work. Will be watching this thread with a lot of interest to see how you get on!DFW Nerd No. 140
Status as of 30/11/12
[strike]Rent 2500 Council Tax 800 NlPower - 800[/strike][SIZE=-2]:j IF - 8000
British Gas - [strike]112[/strike] - 102 Lloyds - 1123
Barclays - 306 Barclaycard 1,123 HSBC - 200 Capital 1- 400 Barclayloan - 4500[/SIZE]0 -
Just a thought - are you any good at baking? why not buy some ingredients and then see where it takes you - I know someone who makes chocolate cakes and flogs them for £3.50, with a healthy profit!0
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Good luck on your challenge. I can't beleive this is as well as your clear a debt a month one. You are one very determined lady.:T0
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No, but matched lay betting would allow you to make a good few hundred risk free in about that time period. You need some funds to get going with though. See "gambling loopholes" forum on this website.gamblingHappy chappy0 -
Hummmm - nifty idea!
I think I'd like to join you! Though - having seen how well you do on your other challenges I'm likely to be a poor opponent! However I could do with the extra - so count me in...."A simple life freely chosen is a source of strength. Do not be pursuaded into buying what you do not need or cannot afford." Quaker Faith & Practice 1.02.410 -
Frugal_Fox wrote:Hummmm - nifty idea!
I think I'd like to join you! Though - having seen how well you do on your other challenges I'm likely to be a poor opponent! However I could do with the extra - so count me in....
Woohoo - another player
So the rules are that you have to start from nothing. You need to find a way to make your first £1 without using any of your own money. When you have made your first £1 then you can use that to try and double it etc.
Any ideas on how to get your first pound then?
:j :j0 -
Good luck to you Emily.
If anyone can do it, you can :beer:Is it better to aim for the stars and hit a tree or aim for a tree and land in its branches :think:Loves being a Wonderbra friend :kisses3:
0 -
ehallett wrote:Woohoo - another player
So the rules are that you have to start from nothing. You need to find a way to make your first £1 without using any of your own money. :j :j
Right - though could I sell something to raise the first £1? Failing that could resort to picking up money from the pavement !!!"A simple life freely chosen is a source of strength. Do not be pursuaded into buying what you do not need or cannot afford." Quaker Faith & Practice 1.02.410
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