It's always fun to dream about getting rich. Most of my dreams involve buying a winning lottery ticket...sigh...but that's most likely NOT going to happen. Not to me, and not to you! So, all you math geniuses, I thought today we could look at the power of pennies!
One of my favorite questions of all time is: would you rather have $1,000,000 or would you rather get a penny the first day, that doubles everyday thereafter, for a month? Most people choose the $1,000,000. I did too, until I did the math. It's a simple lesson - just complete this table - and then...you tell me which you'd rather have! Make sure you include what day made you change your mind! (And then start saving those pennies!!!!)
DAY # AMOUNT TOTAL
1 $.01 $.01
2 $.02 $.03
3 $.04 $.07
4 $.08 $.15
5 $.16 $.31
You continue this pattern until Day 31. :-)
Good luck!
Susan Curtis
