Targets 1 through 11 Taken Out

In one of my first post called The Model, I used an example of compounding a penny everyday for 20 days, as a model. Each day was used as targets to hit in my investing. It has taken 6 months to hit targets 1 though 11.

Below is a report I wrote showing my progress in building passive income.

How to earn passive income in 30 days or less without recruiting

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When target 18 is acquired, I will have reached a personal level of financial independence. Any additional targets that are achieved beyond that would be a life style upgrade.

Here are the targets that were set. The numbers in green show the targets that have been hit. The number in orange is my next target, and the numbers in red are future targets.

# of Days 1 Penny Compounded Daily

Day 1 ------------------------------>$0.01

Day 2------------------------------> $0.02

Day 3 ------------------------------>$0.04

Day 4------------------------------> $0.08

Day 5 ------------------------------>$0.16

Day 6 ------------------------------>$0.32

Day 7 ------------------------------>$0.64

Day 8 ------------------------------>$1.28

Day 9 ------------------------------>$2.56

Day 10 ------------------------------>$5.12

Day 11------------------------------> $10.24

Day 12 ------------------------------>$20.48

Day 13 ------------------------------>$40.96

Day 14 ------------------------------>$81.92

Day 15 ------------------------------>$163.84

Day 16 ------------------------------>$327.68

Day 17 ------------------------------>$655.36

Day 18 ------------------------------>$1,310.72

Day 19 ------------------------------>$2,621.44

Day 20------------------------------> $5,242.88

It is truly amazing to look back at ones actions over time when guided by a plan and see it start to manifest before you.  It was not until today when I sat down and looked at my original plans that I saw that I have made far more progress than I thought.

I have often been side tracked by other "Opportunities", but the plan that I originally set seems to be coming true. I have no idea how to long it will take to reach target 18 or higher, but I will continue to take it step by step.

If I have actually applied this to a penny and hit the 1st 11 targets, could it actually be done asking a person to join the team for 1 dollar? Building that would be life changing. Time will Tell

Applying Kiyosaki's So Called "Unfair Advantage"

When I facilitate groups with my kids at work,  one of the concepts that I teach them is called "LAP". This is an acronym which means: Learn, Apply, and Practice. The video above is called An Unfair Advantage, which refers to the advantage that a person has when they have learned, applied, and practiced effective financial education. In an earlier post a projection of a penny compounded was shown over a 30 day period. In this article I want to focus on the first 20 days.  I will use the first 20 days as targets to aim at as I write my blog articles. 


Targets 1 through 6 seem to have already been achieved based on my current investing.  Targets 7 through 13 are so small that I am almost embarrassed to mention them, yet they are necessary steps that need to be taken in order to get to higher levels. Targets 14 through 17 would relieve some financial pressure. And, Targets 18 through 20 would create life style upgrade.

Target 1 ------------------------------>$0.01

Target 2------------------------------> $0.02

Target 3 ------------------------------>$0.04

Target 4------------------------------> $0.08

Target 5 ------------------------------>$0.16

Target 6 ------------------------------>$0.32

Target 7 ------------------------------>$0.64

Target 8 ------------------------------>$1.28

Target 9 ------------------------------>$2.56

Target 10 ------------------------------>$5.12

Target 11------------------------------> $10.24

Target 12 ------------------------------>$20.48

Target 13 ------------------------------>$40.96

Target 14 ------------------------------>$81.92

Target 15 ------------------------------>$163.84

Target 16 ------------------------------>$327.68

Target 17 ------------------------------>$655.36

Target 18 ------------------------------>$1,310.72

Target 19 ------------------------------>$2,621.44

Target 20------------------------------> $5,242.88

As a youth counselor I have never earned over 30 thousand a year. Targets 19 and 20 would create financial independence and wealth for most people in my peer group.  The challenge is to figure out how to bridge the gap between Target 7 and 18.


All I can do at this point is take one step at a time. I currently earn approximately 60 cent a month through dividends. I know this is not a lot of money but it is a start. I will start saving at least 30 dollars a month and invest that money into dividend paying stocks. When I have built up enough money I will move into covered calls. My next target is to raise my 60 cent in income to at least 64 cent.


What are your Financial Targets? Please tell what they are in the comment box below.

How to Teach Youth About Wealth.

My name is Demond Johnson. I am 38 years old, and I work as a Youth Counselor with “At Risk” Youth here in Phoenix Az.

One day I was running a group with some of the kids I work with. One of them asked me if to run a group on how to make money? I told the young man that I would be happy to put a group together on the topic.

So, with that being said, I grabbed information from the Rich Dad Poor Dad series and started to put the information into a power point presentation called how “How to be Wealthy!”

After summarizing the information I ran across a video on YouTube, put out by Tim Sales called What the Wealthy Buy on Payday. This animated video gave an overview of the entire Rich Dad Poor Dad book in less than 9 minutes.

I showed my kids the video and they loved it. When I went to check for understanding the hands in the room were flying up and some kids were excitedly blurting out answers. I asked them the questions which will follow in a moment.

Once I asked a question, they gave their answer, and the presentation revealed if they were right. It was like being on some type TV game show or something. “Is that your Final Answer?”…If a kid did not answer correctly then everyone else in the room made sure he did.

My kids were working together as a team and eager to be in group. All I can say is… it was a good day. It was the kind of day that makes you remember your passion, and, why you do what you do.

Anyway, here are the questions I asked:

What are the 4 financial terms we need to know in order to discuss wealth?

What are the 3 classes of people we need to talk about?

What are the spending patterns of the 3 classes of people?

And, what is compounding?

These questions sparked conversation about how the kid’s families spent money or how they could actually apply the information.

This is where the problem started.

I am always telling the kids that they can be anything, have anything, and do anything they want, if they will simply put their minds to the task at hand.

I had just run a great group on “How to be Wealthy!” As I drove home that night, that positive happy feeling turned into an angry and hateful resentment. As I looked myself in the eyes through the rear view mirror all I could see was a hypocrite. I started thinking,” If I knew all this, How come I didn’t do all this?”

I am a husband, father, and counselor living paycheck to paycheck. I am struggling to pay my student loans, and the words “YOU ARE FIRED!” would destroy any illusion of safety that I have. With that thought in mind I started working to apply the information I had learned to my own life.

I now run a group with the kids that I work with, on Monday and Wednesday nights. We apply the information we learned about wealth to the stock market.

I have opened up a virtual account at www.optionsxpress.com where we learn and practice our skill in the markets without risk. Recently, I started to trade with real money. My goal in writing this article is to continue to learn principles of wealth and share those principles of wealth with others.

This experience caused a major shift in my Consciousness. I started thinking, if a group kids could be that inspired, that motivated, and that willing to work together as a team to learn how to be wealthy… Why couldn’t a group of positive like-minded people get together and do the same?

Let’s Eradicate Poverty by Building Wealth through Financial Education.

How to be wealthy

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If you would like to receive a copy of the power point presentation or PDF (report), click here.

Test Everythng Keep the Good !

In 1 Thessalonians 5:21 , it says "test everything and hold on to the good". In this blog my intention is to put the principles of wealth, compound interest, and networking to the test. In the book Rich Dad Poor Dad, Robert Kiyosaki states that a person is wealthy when their assets create a monthly income that is greater than the persons monthly expenses. Mr. Kiyosaki, goes on to state that the wealthy stay wealthy because their money works for them through compounding, and because the wealthy form networks. I think this is very powerful information, and, I want to "put it to the test". 

I call this test or endevor... The Cashflow Collaboration. Imagine how powerful it would be to create a network of people committed to building wealth (Cashflow), and working together (Collaboration) to help eliminate poverty and build Wealth through Financial Education.