How does it make you feel knowing that one red paperclip is worth more than you earn all year? Confused? Angry? Bitter? Don’t feel so bad. Only paperclips that are used to their fullest potential reach that level of worth. This particular paperclip was the beneficiary of the Canadian blogger Kyle MacDonald. Kyle wanted to trade his paperclip for something better and was intrigued to see how much he could end up with after starting with just one paperclip. 14 trades and almost a year later he had turned the one red paperclip into a house!
While this may sound outlandish to most, just think about how the likes of the much maligned and envied Bill Gates and Warren Buffet got their start. They didn’t start with much, but they used what they had to their fullest advantage and transformed it into great wealth. Now most of us never even dream of this kind of success, it seems so unattainable, why even bother. But then again most paperclips aren’t considered to be worth much either.
Just as it is traditional for paperclips to be worth very little, it is traditional that most people are valued very little as evidenced by what they are paid by employers. In this case, employees trade their time and education for money.
At first, having very little of value to businesses, future employees trade their time and money for education. As they become educated and more valued by society and businesses, new employees trade that education and experience for a little money (and sometimes no money). Finally, employees have enough experience and education to trade for enough money to support themselves and their families.
For the most part, this system works. Employees are happy because they can buy things that they need and want and businesses are happy because they are able to provide the goods and services that the market demands while still making a profit.
Reading the story about the paperclip made me stop and think. If Kyle could trade a paperclip for a house with a little work and creativity, what am I trading my time and effort for? If a paperclip has the potential to be worth a house within a year then most people are selling themselves short. Way short!
Kinda puts things into a different perspective, doesn’t it?
So now that you know what one red paperclip can be worth in the hands of an enterprising young man (or woman), how are you going to treat yourself? Have any bigger ideas than you may be experiencing right now?
For me, my red paperclip idea was that I could trade my time on my own terms. That I didn’t have to just trade it to the highest bidder in the traditional job market. That is how I found my current business. One that I love and that has let me spend time with my family while providing us with a an income that before we could only dream about.
It took a little effort to achieve this and at times it wasn’t easy, but then again nothing worth achieving isn’t always easy. It all started with the idea that we were worth more than what we were currently trading ourselves for, just like the little red paperclip.




