In its purest form, I imagined this experiment as 20 individual purchases, each selling for double the price I purchased them. What I'm finding is that my plan may have been financially romantic.
It's appearing very difficult to find an item for sale at just the right moment, at just the right price, just when I have the funds available. Let's call it The Impossible Trifecta.
Some items I'm able to make 10% profit and others over 400% profit. Should I just go with the flow of this thing and truly try to buy something for the exact amount of change I have in my ever bulging piggy bank? Or should I do whatever it takes to attain a certain level of money which will allow me to buy the most lucrative item, even if that means adding supplementary steps in between?
For example, I have an item in mind for my $1,500 level. But right now I only have $1,250. I see three choices here: I could offer the seller what I have and see if they accept. I could sell one or two smaller items to get me to $1,500. Or I could scrap the $1,500 item and try to buy something now for $1,250. The problem with that last approach is that I don't know what I could buy for $1,250 right now and double my money on. Also, I'm not very interested in waiting around for something at that price level that fits within the Trifecta.
It seems that my first attempt at the experiment I should follow the same advice I was given in preparation for The Honolulu Marathon, my first 26.2 mile running event. The sage words: just go out there, have fun and finish the thing.
While I love the idea of 20 succinct steps (or less) leading to the prize, I don't feel that my first attempt is the place to remain a purist in that number. "Wow, you earned a million dollars in 65 transactions? That's great." I don't think I'd have a bad day if that's how I was greeted at a future party.
There's another wrench which has been thrown into the gears: other people are stepping forward to help me with this. It's a good problem to have, but how could it affect the project? Friends of mine have started getting enthusiastic about my project and have begun giving me items to sell to help me reach my goal. The items aren't costing me anything since I'm not buying them, yet I get to keep all or half of the profit, depending on the arrangement. Do these items each need to count as separate steps?
Heaven help me get to the first million. But if I do and I'm not burnt out on this game, I'd like to try a second round of truly pure stepping, Trifecta and all. But for now, let's get the money.