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The Challenge UPDATED

My name is Luke.  I used to have a 1p coin.   On January 1st 2011, I challenged myself to turn my 1p coin into something of greater value.   After 6 months I traded my way up to a wedding photography package.  During the next 6 months I will continue to trade up until I own an Island on which I can create my very own country.

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The Rules

  • The project will begin at 12:01 am, 1st January, 2011.
  • The project will end at 12:01 am, 1st January, 2012.
  • No further capital shall be invested into the project by myself, apart from the initial start up cost of  1p.
  • The value of the initial 1p can be increased by any and all means possible.
  • Donations will not be accepted.

The Point

I’m not really sure there is a point.  I suppose I’m just curious about the possibilities.  My Dad has given me a lot of advice throughout my life, but the most memorable (and repeated) nugget of wisdom has been :-

“Look after the pennies and the pounds look after themselves.”

I have to admit, I haven’t always looked after my pennies.  I’ve hoovered up and thrown away more than my fair share.  I always understood what my dad meant when he recited this proverb, but the real reason I like it is because it suggests that even one insignificant penny has the potential to become part of something greater.  That’s exactly what I want for my one penny.

>>> See what’s happened so far