By | fitzvillafuerte.com
I was waiting in line at the bank the other day when a thought came into my mind. How fast can one peso turn into a million through doubling?
Yes, the geek in me came out and I decided to while away the time doing some mental math. And so I counted each step: 1, 2, 4, 8, 16, 32.. until I reached 1,048,576. Did you know that it takes only 20 steps to become a millionaire?
Anyway, seeing that I was still far from the bank teller, I took my thoughts further and came up with ways on how to become a millionaire by using the doubling method. The process was quite interesting and here’s what I discovered:
How do you start? From zero to one peso
I thought it would be cool to say that before I became a millionaire, I started with nothing in my pocket. So I said to myself, how do I earn P1 from nothing? Of course, I could simply ask a friend for it. 🙂
Immediately, a financial lesson came to mind: Leveraging on OPM or Other People’s Money. You might be interested in learning how I discovered the power of OPM in my article entitled Checkmate.