Today's inspirational moment #110 - Bartering a cell phone for a Porsche

by | Jul 20, 2010 03:15 PM ET

Horse trading has been around for centuries, but the site named one red paperclip brought bartering for big bucks to the masses:

My name is Kyle MacDonald and I traded one red paperclip for a house. I started with one red paperclip on July 12 2005 and 14 trades later, on July 12, 2006 I traded with the Town of Kipling Saskatchewan for a house located at 503 Main Street. (Click on pictures below to read about each trade!)

Now there is a 17-year-old teenager in California who has tried the same kind of thing on Craigslist and succeeded:

Teen Trades up on Craigslist from Phone to Porsche in 2 Years

Steven Ortiz, 17, used Craigslist to trade his way up from an old cell phone to a Porsche. It took him 2 years of bartering like mad, but it appears that the effort was worth it. He's the only student at Charter Oak High School who drives a Porsche to school.

For more info see:

- How Bartering Works

- How Stocks and the Stock Market Work

[[[Jump to previous TIM - Today's inspirational moment #109 - Zach's Audition]]]

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