The Double Challenge

The Experiment: Find a penny, and find a way to double it. Then keep on doubling until I have enough money to pay off my mortgage.

Wednesday, September 26, 2007

I'm not sure if anyone remembers this (LOL - I'm almost sounding like people read this blog), but I had a small medicine cabinet that was still in its unopened box that my former renter left. I declared this to belong to my double project and I FINALLY sold it. I tried a few times, but every time I tried to negotiate the person dropped off the face of the earth. I decided to get rid of the dead weight and sold it for $10. I also found 55cents in a pay phone. I am finally back to where I was before I lost money on the exchange rate for my purchase and then refund of the Google Cash Detective software. I feel like I'm finally back in the game.

Flip

Thursday, September 13, 2007

I'm in da Money!

My plan worked like a charm. I love it! I just made a sale with virtually no risk. I advertised the hand held sewing machine before purchasing it from my co-worker. Once I had someone offer me something, I bought it and sold it. Awesome! It all happened in two days. I bought it this morning at 10AM and sold it 5 hours later at 3PM! I am soooo going to try this again. And the best part was that the lady I sold it to threw in another 5 bucks because she felt she wasn't giving me enough. Beautiful! Money, money, money!
Flip

Wednesday, September 12, 2007

Find a buyer beforeYOU buy!

So I'm surfing the for sale forum on the intranet at my work and I find this hand held sewing machine listed for $20. I'm always worried if I will be able to make money on it or not, or if I will be stuck with it forever, so I hesitate to buy and often do not. THEN IT HITS ME! Why don't I advertise it on craigslist or something like that. If I get a buyer for a better price then I buy it if it is still available. If I don't find a buyer, or if it is already sold, then I simply don't buy it. Awesome! Well, I posted it and a few days later had a buyer who was offering $20. Crap. same price. So I tried to offer to buy it for $15 and ureka - they agree! So now I have an agreement to purchase it for $15 and sell it for $20. It's only $5, but every buck counts and this one was done without ANY worry (ok, not none... I could still get shafted if the person backs out of the deal). Awesome! I'm going to try and set up the purchase AND sale both for tomorrow. I love flipping!

Flip

Sunday, September 09, 2007

New Goal and the Eye of the Tiger

I'm not sure if you've noticed, but my total has not moved in over six months. That's the sign of someone not really trying (actually, it's the sign of someone who has been super busy at work, and selling his house, etc.) At the start of the year I had a goal of making a few thousand dollars. That is unlikely to happen, so I've changed my goal to completing my current step by the end of the year. I've also been thinking that since I haven't been very motivated lately, I would change some things to help my motivation level. Firstly, I downloaded Eye of the Tiger from the web. I'm going to play this every morning to help motivate me. I know it's cheesy and corny, but I really think this stuff works. Hey, if it's good enough for Rocky, it's good enough for Flip! I'm also going to download a picture of a nice beach house and put it on my background. It's a nice reminder of where stuff like this can lead and will hopefully motivate me at least on SOME days. 8 months with no progress is pathetic. I refuse to let this project dwindle. It's a journey of ups and downs. It's time for this down to end and for a nice up.

Flip

Saturday, September 08, 2007

The Best Real Estate Agent in Ottawa

Ok, this is a bit off topic, but I felt that I simply had to post a free advertisment for the best real estate agent in Ottawa. She went above and beyond what she had to do, despite the fact that we ended up trying to sell our house privately. If you're in Ottawa, or are thinking about moving to Ottawa then I would HIGHLY recommend using Melva Peever. Check her out at her website. She really cares about helping you with your house sale and is not at a like a lot of vulture agents out there. I've even decided to give her a free ad on my site for six months. I'm not getting paid at all for this. Melva is simply that good that I just HAD to give her a reference on my blog. Thanks Melva!



Flip