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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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