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The Money Answers Show

The Money Answers Show

Monday at 12 Noon Pacific

April 18th 2016:The Garage Sale Millionaire

When ten-year old Aaron LaPedis asked his Dad for new toys, he got a lesson in capital formation. Sell your old ones and reinvest the profit , his Dad said. So they had a garage sale with Aaron in charge. Receipts for the weekend were about $2000. With that starting capital, Aaron became a "treasure hunting entrepreneur." (Investors hedging high inflation by buying physical assets that appreciate with time, use the term collectibles.} By his late twenties, Aaron was a millionaire and nationally recognized authority. To this day, he will say that millions can be made with starting capit

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https://www.voiceamerica.com/show/746/the-money-answers-show 19/11/2017 09:00 19/11/2017 10:00 The Money Answers Show https://www.voiceamerica.com/show/746/the-money-answers-show When ten-year old Aaron LaPedis asked his Dad for new toys, he got a lesson in capital formation. Sell your old ones and reinvest the profit , his Dad said. So they had a garage sale with Aaron in charge. Receipts for the weekend were about $2000. With that starting capital, Aaron became a "treasure hunting entrepreneur." (Investors hedging high inflation by buying physical assets that appreciate with time, use the term collectibles.} By his late twenties, Aaron was a millionaire and nationally recognized authority. To this day, he will say that millions can be made with starting capital no higher than he had. Globalization and technology have greatly expanded opportunities but also multiplied the scams, pitfalls and general risks of collecting. His latest book, The Garage Sale Millionaire, written with fellow collector, Jeffrey D. Kern, is a remarkably comprehensive and readable guide to what you have to know, whether you're planning a garage sale or a mega deal with eBay. VoiceAmerica | Talk Radio | Online Talk Radio studio@voiceamerica.com false DD/MM/YYYY Add to Calendar
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