299: Trading Up: From $8.65 an Hour to Retired at 25, Plus the Next 10 Years
The Side Hustle Show
Nick Loper
4.7 • 1.6K Ratings
🗓️ 6 September 2018
⏱️ 34 minutes
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| 0:00.0 | Side Hustle Show 299. This is trading up from 865 an hour to retired at 25. |
| 0:07.2 | Plus what happened next? |
| 0:08.8 | What's up? What's up? Nick Loper here? Welcome to the Side Hustle Show because it's all about |
| 0:15.1 | leveling up. Last week we heard from the Flea Market Flipper, Rob Stevenson, and |
| 0:19.9 | whether or not his business model appeals to you, he touched on something I thought was really important. |
| 0:25.1 | A challenge inside his community to level up, to start with something small and see what it can become |
| 0:30.7 | through a series of trades or flips. It reminded me of Kyle McDonald, better |
| 0:35.7 | known as the Red Paper Clip Guy. You might remember his story in 2005, an out-of-work Kyle |
| 0:42.2 | started with a single red paper clip |
| 0:44.0 | and traded his way up to a house in Kipling, Saskatchewan. |
| 0:48.0 | Remarkably, this barter adventure |
| 0:51.0 | took only 14 trades and was completed in less than a year. |
| 0:54.2 | Kyle started out small each time seeking out something bigger and better in exchange. |
| 0:59.2 | For example, his first trade was the red paper clip. |
| 1:01.6 | That was a starting point for a pen shaped like a |
| 1:04.1 | fish then he traded the fish pen for a door knob and on and on up the ladder until he |
| 1:08.8 | had the house the story certainly has some feel-good elements to it, and while 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. |
| 1:21.0 | And by trading up, I think it's important to note I'm not necessarily |
| 1:23.6 | talking about a bigger house or a better car but more along the lines of making bigger |
| 1:28.9 | impacts and living better stories I think we all have a red paper clip story like Kyle even |
| 1:35.1 | starting with almost nothing you can make big things happen with a little |
| 1:39.0 | initiative and a little help from others along the way. Plus it might be helpful to think of certain actions in your life as trades. |
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