Nobody Asked, but here's how I sold $2 for $5
July 18th, 2020

It sounds ludicrous but that's exactly what happened. At the risk of sounding decietful, I think the story illustrates an interesting point. This was my first experience in creating value myself, not working for someone else.

When I was in 6th grade, I lost a bet to my friend Tommy for $5. Unfortunately, I only had a single two dollar bill in my wallet, which I had been hanging onto for a while. I told Tommy that all I had was that bill. "That's fine, I'll take that instead," he said.

I was a little sad to see the two dollar bill go, but I was getting away with a free three dollars, and I figured I'd probably come accross another two dollar bill at some point. On my way home that day, I stopped at the bank accross from my bus stop, on a whim.

“Do you sell two dollar bills?” I asked the teller

“Yes”

“How much are they?”

“Uh, two dollars,” he said.

I stood there marveling that such a glorious and rare item could be purchased at this astonishingly low price.

I came back the next day with one hundred dollars I had saved up from lemonade stands and othe odd jobs.

“I’ll take fifty please” I said, pulling out the one hundred dollars.

I had just sold some of my old toys on eBay, and I had a hunch that not just Tommy was willing to pay more for two dollar bills. I set up a listing on eBay selling two dollar bills for five dollars each. At my mom’s insistence, I even wrote that the $2 bills could be purchased from your local bank for $2. Bizarre as it seems, a week later I had sold them all.

I was sold on entrepreneurship. It's not as sexy as the kid who makes an app that blows up, or the person who makes a crazy discovery. But planted a seed in my brain very early on that money could be made, not just earned.

The next year I was calling up Frito-Lay pretending to own a convenience store so I could sell Flamin' Hot Cheetos at my school during recess. And it was off to the races from there!