{"id":1543,"date":"2021-05-10T04:15:54","date_gmt":"2021-05-10T11:15:54","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=1543"},"modified":"2021-05-15T20:01:30","modified_gmt":"2021-05-16T03:01:30","slug":"a-real-life-lesson-on-the-importance-of-recognizing-hidden-value-2","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id1543-a-real-life-lesson-on-the-importance-of-recognizing-hidden-value-2.html","title":{"rendered":"A Real-Life Lesson on the Importance of Recognizing Hidden Value"},"content":{"rendered":"<p><a href=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/09\/value.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-27043\" src=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/09\/value.jpg\" alt=\"value\" width=\"375\" height=\"281\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/09\/value.jpg 500w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/09\/value-300x225.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/09\/value-50x37.jpg 50w\" sizes=\"auto, (max-width: 375px) 100vw, 375px\" \/><\/a>Sometimes, certain extraordinary events occur that seem to defy any attempt at a logical explanation, only to be later revealed upon closer inspection for what they really are.<\/p>\n<p>For instance, ghosts? They&#8217;re usually explained by light reflections, coupled with a highly overactive imagination.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/rQOu4-4GSsY\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Bigfoot? That&#8217;s some guy in a cheesy gorilla suit.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/fzvCVbkUHxE\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>UFOs? Probably just ball lightning &#8230; or swamp gas.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/9H6sEbDLb1o\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>How about this music video by Rebecca Black receiving more than 150 million views on YouTube?<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/kfVsfOSbJY0?controls=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Okay, okay. That one may <strong><em>never<\/em><\/strong> be explained, but you get my drift.<\/p>\n<p><strong>Meet Kyle MacDonald<\/strong><\/p>\n<p>The reason I bring this up is because I was recently reminded of the guy who took a single red paper clip and, through a series of savvy trades, eventually ended up with a two-story farmhouse in Kipling, Saskatchewan.<\/p>\n<p>Believe it or not, to get that house for the price of a paper clip, Kyle MacDonald &#8212; a.k.a. &#8220;the red paper clip guy&#8221; &#8212; embarked upon a one-year journey that resulted in 14 trades.<\/p>\n<p>First, he traded his little red paper clip for <a href=\"http:\/\/oneredpaperclip.blogspot.com\/2005\/07\/one-fish-pen.html\" target=\"_blank\" rel=\"noopener noreferrer\">a pen shaped like a fish<\/a>. Next, he exchanged the pen for a hand-sculpted doorknob. The doorknob was swapped for a camp stove, which was then exchanged for a generator, that was then bartered for an &#8220;instant party&#8221; consisting of an empty beer keg &#8212; along with a promise to fill it with beer &#8212; and a neon beer sign.<\/p>\n<p>From there, MacDonald traded the &#8220;party&#8221; in for a snowmobile, which he then dickered for a two-person trip to Yahk, British Columbia. The trip was then swapped for a cube van, which was traded for a recording contract with a Toronto studio. The recording contract led to one year of free rent in Phoenix, Arizona, which then was bartered for an afternoon with 70s rock icon Alice Cooper.<\/p>\n<p>The afternoon with Cooper was ultimately exchanged for a motorized KISS snow globe with a variable speed dial. (Don&#8217;t ask. Then again, <a href=\"http:\/\/oneredpaperclip.blogspot.com\/2006\/05\/one-kiss-snow-globe.html\" target=\"_blank\" rel=\"noopener noreferrer\">if you must know&#8230;<\/a>)<\/p>\n<p>It was all downhill after that, as MacDonald then traded the snow globe to collector Corbin Bernsen (yes, <strong><em>that<\/em><\/strong> Corbin Bernsen) in exchange for a speaking role in the film <em>Donna on Demand<\/em> (I don&#8217;t remember it either); that role was then traded for the house.<\/p>\n<p><strong>The Moral of the Story<\/strong><\/p>\n<p>On the surface, MacDonald&#8217;s story seems incredible, but there <em>is<\/em> a logical explanation behind it. There is also a valuable lesson to be learned here: folks who are patient <em>and<\/em> adept at recognizing value can actually get more through bartering than by selling the same item for cash. Simply put, both bartering and patience are <a href=\"https:\/\/lenpenzo.com\/blog\/id1261-10-key-characteristics-of-debt-free-people-2.html\" target=\"_blank\" rel=\"noopener noreferrer\">skills worth mastering<\/a>.<\/p>\n<p>For example, although most rational people figured he was completely crazy to trade a year&#8217;s worth of free rent in the heart of America&#8217;s fourth largest city for an afternoon with an aging rock star well past his prime, MacDonald saw hidden value that others didn&#8217;t &#8212; and it paid off in spades.<\/p>\n<p>As MacDonald&#8217;s exercise vividly proves, over time &#8212; and multiple trades &#8212; skillful bartering can lead to payoffs with effects that might be described as <a href=\"https:\/\/lenpenzo.com\/blog\/id259-how-to-become-a-millionaire-in-28-days-2.html\" target=\"_blank\" rel=\"noopener noreferrer\">compound growth<\/a> on steroids.<\/p>\n<p>In less than a year, MacDonald took a one-cent paper-clip and turned it into a house worth tens of thousands of dollars.<\/p>\n<p>Oh, sure; you can try getting returns like that from the stock market. But I suspect you&#8217;d have a much better chance of snapping a photo of the Loch Ness monster.<\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: wetwebwork<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sometimes, certain extraordinary events occur that seem to defy any attempt at a logical explanation, only to be later revealed upon closer inspection for what they really are. For instance, ghosts? They&#8217;re usually explained by light reflections, coupled with a highly overactive imagination. Bigfoot? That&#8217;s some guy in a cheesy gorilla suit. UFOs? Probably just [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27043,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[455,480,466],"tags":[],"class_list":{"0":"post-1543","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-frugal-living","9":"category-saving","10":"pmpro-has-access","11":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A Real-Life Lesson on the Importance of Recognizing Hidden Value<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id1543-a-real-life-lesson-on-the-importance-of-recognizing-hidden-value-2.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Real-Life Lesson on the Importance of Recognizing Hidden Value\" \/>\n<meta property=\"og:description\" content=\"Sometimes, certain extraordinary events occur that seem to defy any attempt at a logical explanation, only to be later revealed upon closer inspection for what they really are. 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