The Man Who Thrifted A Ferrari
Who’d have thought you could thrift a Ferrari?
Matthew R. is an inveterate thrifter. He says he works seventy hours a week, and he’s been buying and selling second-hand clothes since 1998. Not long ago, he started a consignment service, Luxeswap, and not only do their auctions often crop up in our eBay picks, but I’ve personally trusted him to consign a number of clothes in the past. He’s one of the best menswear sellers on eBay. But truly: I had no idea.
This week, Matthew bought a Ferrari. With thrift store money.
Here’s how it happened…
Matthew started thrifting in the late nineties, and quickly learned that when he found something good that didn’t fit him, he could sell it on eBay and make a little dough. The first item was an Emporio Armani sportcoat. It sold for fifty bucks. Like most of us, Matthew took the extra money and spent it on clothes and small indulgences.
In 2007, he read a book called One Red Paperclip. It was written by a man, Kyle MacDonald, who traded a paperclip for a pen for a doorknob for a camping stove and on and on for a year until he had traded for a new house. Matthew thought: how could I turn my own little hobby into something special?
So he started a savings account.
His business money went into a business account. His personal money - the money from his own personal purchases - went into the savings account. And year after year, that money grew.
Then, last week, he took the money and bought a Ferrari.
Matthew says: “This car was born of things that nobody else wanted. Things that people discarded. I wanted to be able to say I thrifted a Ferrari. And I did.”
A genuinely remarkable achievement.
High school, it seems, has changed. It has become competitive. Young men and women — 13 to 18 years old — must work more or less tirelessly to ensure their spot at a college deemed worthy to them and their families. So rather than living their adolescent lives — lives brimming with desires and vitality, with vim, vigor, and brewing lust — these kids are working at old age homes, cramming for tests, popping Adderall just to make the literal and proverbial grade. And for what? So they can go to a school that puts them in debt for the rest of their lives. School has become a great vehicle of capitalism: it quashes the revolution implicit in adolescence while simultaneously fomenting perpetual indebtedness. — Daniel Coffeen (via setbabiesonfire)
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I dont remember Titanic being so romantic.
this is amazing.
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