Cash Flow Bought a Pink Motor Scooter

               

                                                              KARL WALLACE

                              Natalie Wallace: uses ‘Cash Flow’ to buy a purple motor scooter

     This story first begins in the latter part of June 1984, the day Natalie, being eight years old, rode around the side lot of Weiser’s Motor cycle store in Washington Terrace, Utah on a 90cc girls purple motor scooter. She didn’t have a problem riding around the straw bales that were in the practice area. The problem was how to get the money to buy it.

     "Why don’t you buy it?" I asked her. "How can I do that dad, it costs $1,200?"

     "How much money do you have?"

      “I only have $90 in my America First Credit Union savings account," she said.

     That’s how it began. Two months later she asked Mr. Weiser to take the same purple motor scooter out of lay- a- way. She road it home. Much to her and my surprise a few days later a cop stopped and told her she could only ride the scooter on private land, because she didn’t have a driver’s license. She waited disappointedly until she turned sixteen to ride the streets.

      How could an eight year old girl earn $l, 200.00 plus tax and license fees in two months? Answer: Doing what I call cash flow, sometimes called using other people’s money.

      That same evening she called Grandma Parrish and asked her if she would give her birthday present two weeks early. Grandma said yes, the next day Natalie gave Mr. Weiser a fifty dollar check, and asked him to hold her motor cycle in lay- a- way. That day she also called the manager of First Security Bank’s Home Real Estate Foreclosure Department located on the eighth floor of the main office, on the corner of 24th and Washington Blvd. She or I, asked Dave the manager, if he would like us to put in an automatic sprinkling system in on a property located at 5200 South in Washington Terrace. We would do one of his foreclosures once a week, during the summer when Natalie was out of school. We always picked properties with a yard that was sandy and easy digging. I happened to be going fishing in Idaho that particular week so Natalie was on her own.

To be continued…

To read more Karl Wallace stories go to:      karlwallaceblog.blogspot.com