FINANCE PROFESSOR EXPLAINS: How to Become a Multi-Millionaire with a PENNY in 31 Days

FINANCE PROFESSOR EXPLAINS: How to Become a Multi-Millionaire with a PENNY in 31 Days

This video (Part 1 of 3) by Dr. Finance® will show you how to become a multi millionaire with a single penny (that's $.01 or 1 cents) in just 31 days.

Part 2 by Dr. Criniti: How to Become a Quadrillionaire with a Penny in 62 Days here: https://www.youtube.com/watch?v=CiS4AihC1Es

Part 3 by Dr. Criniti: How to Have More Money than You Can Count with a Penny in 365 Days here: https://www.youtube.com/watch?v=T_D3a7KhhVc

In this mind-blowing video, we unravel the extraordinary power of compound interest, demonstrating how a humble penny can turn into a staggering fortune by doubling every day for just 30 days (you start with a penny on day 1 to make it a total of 31 days). 📈💰 Brace yourself for an eye-opening adventure into the world of exponential growth and financial wizardry with Dr. Finance®!

📊 Unveil the mathematical marvels behind the compounding phenomenon as we break down the numbers, providing you with a step-by-step guide to turning the seemingly trivial into a financial empire. 💹💡 Whether you're a seasoned investor or a financial novice, this video is your golden ticket to understanding the magic of compound interest and seizing the potential for unparalleled wealth creation. 🌟 Don't miss out on this transformative financial revelation—hit play now, subscribe for a front-row seat to the wealth-building extravaganza, and join the ranks of those who've harnessed the power of compound interest to turn pennies into millions!

There are some boring math parts about how the future values were calculated (unless you love finance like me) to this video, but feel free to skip that part if you choose. Thanks and enjoy! :)

0:00 - Intro to How to Become a Multi-Millionaire with a PENNY in 31 Days
1:00 - How to purchase my cool cup and other products...quick website tour. This is how you can support me so that I can create more videos like this
2:06 - Overview of video, time value of money, and power of compounding.
5:05 - Setting up Microsoft Excel worksheet. This begins the math part. Feel free to skip to conclusion (34:06) if you don't want to see this part, although I highly recommend it to understand the solution better.
7:45 - Setting up Days Column on Excel Spreadsheet.
11:32 - Setting up Amount Column on Excel Spreadsheet including Day 1 with one cent.
15:04 - Future Value formula to calculate manually
16:43 - Day 1 and Day 2-6
18:10 - Day 7 Review and week 2 analysis
19:15 - Day 14 Review and week 3 analysis
21:23 - Day 21 Review and week 4 analysis
22:53 - Day 25 - Broke $100,000. Correction in language used: Please note that we did not "make" the amount stated on Day 25 in one day, but we have "accumulated" this total amount. Technically, we only made the amount from Day 25 minus the amount from Day 24 in one day (on Day 25). Each amount on any given day reflects the Accumulated total amount of money Owned.
23:41 - Day 28 - Broke $1,000,000 mark.
24:30 - Day 29 and 30 Analysis
25:13 - Day 31 Amount.
25:24 - Daily review of money growth.
26:27 - Shortcut Excel calculation method to calculate the future value of money.
29:47 - What is a penny? and present value
30:47 - Penny FV
31:38 - Method 2 Match
31:55 - Shortcut HP 10bll+ calculator method to calculate the FV of money
33:18 - Method 3 Match
34:06 - Conclusions
38:47 - End

Dr. Anthony M. Criniti IV (aka “Dr. Finance®”) is the world's leading financial scientist and survivalist. A fifth generation native of Philadelphia, Dr. Criniti is a former finance professor at several universities, a former financial planner, an active investor in diverse marketplaces, an explorer, an international keynote speaker, and has traveled around the world studying various aspects of finance. He is an award winning author of three #1 international best-selling finance books: The Necessity of Finance (2013), The Most Important Lessons in Economics and Finance (2014), and The Survival of the Richest (2016). Dr. Criniti is also the host of the highly successful Dr. Finance® Live Podcast as well as a virtual superhost. Dr. Criniti has started a grassroots movement that is changing the way that we think about economics and finance.

For more information about Doctor Finance, please visit https://DrFinance.Info.

Disclaimer: This video is for informational purposes only. It is presented with the understanding that the author(s) and the publisher(s) are not engaged in providing financial, legal, or other professional services. If financial, legal, or any other form of advice is needed, please consult a financial advisor, an attorney, or another professional advice-giving entity.

Also, the opinions and views expressed by any guests on this video do not necessarily represent the opinions and views of Dr. Finance® or its affiliates.

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