The Power of the Penny – 1 to 1 Million in 27.5 days!

Some people like to joke that they are worth more dead than alive.  Ummmm, no – no you’re not.  No matter how much insurance you have on your life, when you are alive you still have the power to make money and money MAKES money.  Perhaps your financial worth is less at this moment but it won’t always be so…

Think about currency in our country’s smallest form – the penny.  One single cent.  Oh man, the poor penny gets a bad rap.  People leave them behind in tip jars, couches, and tossed on a floor.  I know many people who won’t bend over to pick one up…even when said penny is heads up!  Shame, I say!!  This is FREE MONEY from The Money Gods!!

Ugh… Regardless of what those people may think, the penny has great exponential power – let’s consider it as a jumping off point.  There are so many things you can do with pennies…



But let’s talk money.  There is a simple concept of taking one penny and doubling it each day.  How long will it take to get to 1 million dollars?  1 month, 1 year, 10 years??  Feel free to do the math but I’ll help you out with the quick answer – somewhere between day 27 and 28 you’ll have reached one million.  Here it is in black and white:

Day 1: $.01
Day 2: $.02
Day 3: $.04
Day 4: $.08
Day 5: $.16
Day 6: $.32
Day 7: $.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
Day 21: $10,485.76
Day 22: $20,971.52
Day 23: $41,943.04
Day 24: $83,886.08
Day 25: $167,772.16
Day 26: $335,544.32
Day 27: $671,088.64
Day 28: $1,342,177.28

Not bad!!  Again, that is precisely why I stick with my money mantra – a million dollars starts with one cent!!  The power of the penny is HUGE!

So, what have we learned today?  With the ability to earn money, you are no longer allowed to make the statement that you are worth more dead than alive.  Take this little idea and build on it.  Go find a side hustle or work some extra hours.  Build upon each penny and be mindful of how you invest it.  After all, Einstein was on to something when he said:

“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t, pays it

Now go out there and earn it!!

** What math tricks have you used to motivate people to save?  I love how simple this is but how huge the impact!  Share with me a tip or trick you’ve learned along the way. **

Until next time…

6 thoughts on “The Power of the Penny – 1 to 1 Million in 27.5 days!

  1. I am not sure why I have to fight tooth and nail with people who tell me because I’m young (25) I should travel more. I’m just gonna end up back here again!!! Lol! I shall save my penny, invest it, watch it grow and retire early so I can see things without coming back to a financial hole in the ground.


    1. Haha – you sound like me!! I started my career at 23 and EVERYONE had an opinion on how I should live and what I should do. It made me crazy!!! But you know what? I realized they were coming from a place of regret. Speaking about the things the wish THEY would have done. It made it so much easier a pill to swallow after that. Here’s the thing, in one respect, they are right. Travel travel travel. But the other side…don’t go broke for it!! I am a penny saver and have always been that way. I also happened to pick a career where I can travel for very very cheaply.

      While it is true that at 25 you have your whole life ahead of you, that says nothing about the 25 years you have already lived. Your experiences up to this point are specific to you and no one can diminish them. Part of those experiences have led you to FI or an interest in Personal Finance. While I wish I got my shit together at your age, I am also glad I didn’t because it let me be footloose and fancy free with my finances…and I took full advantage winding up in 500k of mortgage debt. 😅 You’re on a great road. Live it and love it. And feel free to stop by and talk travel anytime!! It’s my greatest love (besides real estate) but one I still will never go broke for.


      1. Oh my god, we do sound like! I have a 500K mortgage too (I love real estate as well: I can touch it and bathe in it. LOL!). Thank you for the thoughtful response – it’s like the best response I’ve gotten yet! Thank you for the encouragement 🙂 🙂

        The basic plan is now is for me and hub to reach FI (fully) then we can stop grinding and rest up, cash those credit card travel points accumulated, go travel with our kids (someday) so they get a fuller picture of the world. Hopefully they can understand simply being born in the US gives you a lot of freedom, including the freedom to become FI.

        Liked by 1 person

  2. Pingback: Motivating Despite Distractions – Miss Mazuma

  3. Right?! It's really unbelievable. When I look at t my finances now and the fact that if I continue to save at my current rate I can retire in 7 years makes no sense to me…which is why compound interest is magic! 😉

    Thanks so much for taking the time to comment 🙂


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