04/06: So here we are on day 4.
So here we are on day 4 and what have I done to forward the aim of such a huge amount of cash?
To be honest nothing at all.
The weekend was perhaps not the best place to start my project even if the first of the month was a good start point. With spending time with family, working and suffering from a mild cold (yes, sob, poor me) I have totally failed to take action.
I started this project to try and learn something both about business and about myself and if I do not make a plan I will not move things forward.
Lesson: I need to make a plan and act on it.
So what sort of plan shall I make?
A good plan must have
+A Specific Aim
+Actions to take
+Timescale
+Logic sequence
My specific aim is to make two one pence peaces (UK£0.02) into UK£0.04 with the least number of actions. The rules (which I should publish so we are all singing from the same hymn book) stated that swapping, trading, finding and being given are all valid methods of increase but that adding something I already have is cheating.
The reason for this is that I am trying to learn how I would act if this 2p was all I had so that there was nothing to add in because I had nothing.
It's a bit abstract because food and clothes enter the picture too...
But what's a learning exercises if not for learning?
So my plan... yes.
My plan is this. Tomorrow my wife is due to attend the council offices to file paper work and this is a good opportunity to get out for a while. While out I will keep my eyes open for plans A and B.
Plan A: Find. Discarded pennies are common and from time to time other coins are too. It is not unknown to see something thrown away that could be worth a few pennies. Growing up I remember that my dad always liked looking in skips because he could find raw materials for making art. I'm sure he still does that. Of course it will be important to ask the discarder (where possible) if only for politeness sake.
Plan B: Swap or trade. Should I meet someone I know (probable) I may ask them to swap a penny coin for a two penny coin. I'll have to tell them that I am carrying out an experiment and they will look at me as if mad but many of my friends think I'm wacky anyway. Optionally I may observe an item that might be purchased for two pennies but sold for three or four (or more).
I fully expect that at this scale I will be picking up coins and making bizarre swaps. However the next stages I have in mind this method will become to slow and the buy and sell kicks in. Slowly at first but then with greater and greater scope.
I have ideas about the bigger numbers of money but right now I am learning in the microcosm of pennies.
I will report back at the end of my outing.
Until then Why not join the email group. There you can request my address and send me low value coins from your part of the world... this gives me an idea.
To be honest nothing at all.
The weekend was perhaps not the best place to start my project even if the first of the month was a good start point. With spending time with family, working and suffering from a mild cold (yes, sob, poor me) I have totally failed to take action.
I started this project to try and learn something both about business and about myself and if I do not make a plan I will not move things forward.
Lesson: I need to make a plan and act on it.
So what sort of plan shall I make?
A good plan must have
+A Specific Aim
+Actions to take
+Timescale
+Logic sequence
My specific aim is to make two one pence peaces (UK£0.02) into UK£0.04 with the least number of actions. The rules (which I should publish so we are all singing from the same hymn book) stated that swapping, trading, finding and being given are all valid methods of increase but that adding something I already have is cheating.
The reason for this is that I am trying to learn how I would act if this 2p was all I had so that there was nothing to add in because I had nothing.
It's a bit abstract because food and clothes enter the picture too...
But what's a learning exercises if not for learning?
So my plan... yes.
My plan is this. Tomorrow my wife is due to attend the council offices to file paper work and this is a good opportunity to get out for a while. While out I will keep my eyes open for plans A and B.
Plan A: Find. Discarded pennies are common and from time to time other coins are too. It is not unknown to see something thrown away that could be worth a few pennies. Growing up I remember that my dad always liked looking in skips because he could find raw materials for making art. I'm sure he still does that. Of course it will be important to ask the discarder (where possible) if only for politeness sake.
Plan B: Swap or trade. Should I meet someone I know (probable) I may ask them to swap a penny coin for a two penny coin. I'll have to tell them that I am carrying out an experiment and they will look at me as if mad but many of my friends think I'm wacky anyway. Optionally I may observe an item that might be purchased for two pennies but sold for three or four (or more).
I fully expect that at this scale I will be picking up coins and making bizarre swaps. However the next stages I have in mind this method will become to slow and the buy and sell kicks in. Slowly at first but then with greater and greater scope.
I have ideas about the bigger numbers of money but right now I am learning in the microcosm of pennies.
I will report back at the end of my outing.
Until then Why not join the email group. There you can request my address and send me low value coins from your part of the world... this gives me an idea.
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