Can I make £1,024 in 11 weeks from nothing?

ehallett

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!

James240

hhhmmmmmm :think: an interesting challenge, wonder if it could work :think:

Mrs_Sparkle

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...

saubryn

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!

inkie

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!

duncans-mum_2

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.:T

tomstickland

gambling

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.

Frugal_Fox

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....

ehallett

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 :j

spud30

Good luck to you Emily.

If anyone can do it, you can :beer:

Frugal_Fox

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 !!!