Friday, April 14, 2006

One red paperclip for a house?

Slightly off the track of the personal finance path, but there's bartering involved which is an ancient form of financial exchange. Ok, it's a stretch, but let me explain: A man from Montreal, Canada named Kyle MacDonald is trying to trade one red paperclip for a house. He started with a red paperclip on July 12th, 2005 and has made a series of trades for bigger and better things. He started with the paperclip, traded that for a fish pen, doorknob, stove, electric generator, party keg, a ski-doo, a trip to yahk, a van, a recording contract, and now has a rent free year in Phoenix to trade. He looks like he's doing good so far and just may get his house!

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