Double To A Million - New Assets ect..

Double To A Million - New Assets ect..

So, what have I been up to ?
Well, this has been an exhausting week :) After reaching the $1280 mark, I decided I would have to make both larger investments and passive investments.

After checking up on Trademe for how my painting was doing, I noticed an ad for a vending machine.
I spent a day or so going around the forums and getting opinions on ROI and profit margin from these machines.
It seems that people have to pay between 0-40% to the business or place where they are placed.
Most seem to earn between 40-80% profit on the items sold.

So to me,I figure if you get a machine cheap enough, pay only a smaller percentageto the business owner and sell high profit margin items you may do a lot better than putting your stake in the bank.

I currently have $300 of my doubling stake in RaboPlus. On the first 20 odd days I earnt $1.31 in intrest which is pretty good ! I thought I might look into investing $300 into vending.

After having a very good look around, I used buy now for a mechanical machine which holds 20 lines for $100.
The guy, Andrew, called me the next night and offered me a couple more....
I ended up getting 3 machines plus spares for $216.30 !! There was $30 odd in one of the machines, so it brought the price down from $250.

So, I thought if I placed 2 machines and sold one, for $0 investment, I may get a turnover that turns out pretty well. I'll give it until the end of summer (Feb 2008) until reveiwing how they do. At that point I will either decide to keep them, or sell them as sited, profit earning machines.

I also sold my 20c NZ Pukaki painting so the total was $1300 ! Now it's back down to $1083.70.

My new set of canvas' are coming soon so the Aussie coins will be featured both on my Coin Art blog and at www.RachelHammond.net

I'll update again later....

Rachel.

Double to a Million - STEP 19 REACHED !!!!!!

That's Right !!

I just got home from my once a week chef job, and Sally (The Best Boss Ever...) Traded me some old coins that could only be cashed at the reserve bank.
I got lots of coins and a cool old New Zealand Five Dollar note ! That brought me up to $1282 and I'm taking the $2 out as the rules state !!

I keep a DYWTAM list on my wall and tick off each step as I go.
I was just updating it and I noticed the difference between the last step and the first ones.

For steps 10 through 15 I sold a few CD Roms, some seconhand stuff, but mainly 1-5 items per step.
I've just realised that in this step I used the following income sources;

• Watches
• CD Roms
• eBooks
• Audio CDs
• New Goods that were sold on for between 2-5 times what I paid
• Secondhand goods
• Dump goods
• Donation
• Found money
• Advertising

Quite a list !!
And for this step I get to add art works as well !

Later,
Rachel.