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Podcast-Sendung: 299: Trading Up: From $8.65 an Hour to Retired at 25, Plus the Next 10 Years
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Remember the Red Paperclip Guy from a few years ago? In 2005, an out-of-work Kyle MacDonald started with a single red paperclip and traded his way up to a house in Kipling, Saskatchewan. Remarkably, this barter adventure took only 14 trades and was completed in less than a year. Kyle started out small, each time seeking something ?bigger and better? in exchange. For example, his first trade was the red paperclip for a pen shaped like a fish. Then he traded the fish pen for a doorknob, and on and on up the ladder. The story certainly has some feel-good elements to it, and after a while the media attention definitely helped speed the process along, but I think it?s worthwhile to revisit because we?re all trying to ?trade up.? By ?trading up?, it?s important to note I?m not necessarily talking about acquiring a bigger house or a better car, but more along the lines of making bigger impacts and living better stories. I was reminded of the red paperclip story by last week's episode with Rob "The Flea Market Flipper" Stephenson. He talked about a challenge inside his community to start with something small and keep flipping the profits into bigger deals to see how much you could trade up over the course of a year. I think we all have a red paperclip story. Like Kyle, even starting with almost nothing, you can make big things happen with a little initiative and a little help from othe...