Sell Your Belongings For Cash
I’m all about making money here at Dividends Diversify. Furthermore, one way to go about that is to sell your belongings for cash.
With the rise of the internet, eBay and other specialty websites that match sellers with buyers, it has become easier than ever to sell your belongings for cash. Aside from bringing in a little extra money, you can de-clutter your home and lead a simpler life. Finally, as I have gotten older, simple is better and less is more.
SELL YOUR BELONGINGS FOR CASH – A CONFESSION
For those of you who know me, I’m always talking about earning more money, saving more money and investing the difference to build wealth. But in my 20’s I certainly didn’t practice what I preach today.
Well, I always made a decent buck in my professional career. And by the time I turned 22, I found a way to save some money each month. Now that’s all good, but beyond those facts, I spent a lot of money chasing consumer goods in my 20’s.
SELL YOUR BELONGINGS FOR CASH – SEEING THE LIGHT
I turned it around in my 30’s and 40’s and started to watch my spending more closely. And heck, I was so tired from working 24/7, I didn’t have time to spend the money I made. When I turned 48, I declared my financial independence and quit my day job. So a couple years ago, with a little extra time on my hands, I started to sell off things of value that I didn’t use any more.
Most of the stuff I sold centered on my hobbies: music and bicycling. So let’s do some selling. Or, as I like to say today: sell your belongings for cash.
SELL YOUR BELONGINGS FOR CASH – AUDIO EQUIPMENT
I was into music and high end audio equipment in my teens and 20’s. And I purchased the components to my last audio system around 1995. I sold it all in 2016, 21 years later. It was all high quality equipment in excellent condition so it held its value pretty well. Here is what I sold:
Compact disc player. Original purchase cost: $1,650. Sold for $550 plus shipping costs to New York City.
Pre-Amplifier. Original purchase cost: $2,000. Sold for $900 plus shipping costs to Hong Kong.
Amplifiers. Original purchase cost: $2,000. Sold for $1,000 plus shipping costs to California.
Speakers. Original purchase cost: $1,000. Sold for $400 plus shipping costs to Atlanta, GA.
And of course you need some high end cables to hook it all together. Original purchase cost: $350. Sold for $100 plus shipping to I don’t remember where.
SELL YOUR BELONGINGS FOR CASH – ROAD BIKE
My other hobby was staying fit by road biking. My last bike was the best, but unfortunately I rode it the least. Original purchase cost: $1,000. Sold for $300. I didn’t want to pack and ship it so I found a local buyer. The bike was more than 10 years old, but perfect condition.
SELL YOUR BELONGINGS FOR CASH – OTHER STUFF
During this process, I sold off some other stuff. It netted out to about another $500 including….
- Mrs. DD’s road bike
- 600 compact discs
- An AM FM tuner
REFLECTING ON THE PAST
Looking back and reflecting now, I’m not sure I would change anything even if I could. Music and biking were a big part of my life. I didn’t go into debt to buy these things.
I had a budget and always “paid myself first” by saving before spending. But after I saved, I spent the rest. And I always seemed to have an unlimited list of things I wanted to buy. I suppose I could have retired earlier if I hadn’t spent so much money, but I have no regrets.
WRAP UP – SAVING MONEY
The best way to save money is not to spend it in the first place. Duh. A few tips to consider before you make that next purchase:
- Wait a few days. Whatever it is will still be there. Maybe you will change your mind
- Remember that your interests will change over time. What seems important to buy this year may not be so important next year
- Buy used. You can find excellent quality goods for a fraction of the price
- Before you buy. Look around your house for things you no longer use and can sell for cash
- Be careful of the recurring small costs. Those $5 cups of coffee can add up fast
- Pay yourself first. Try to save a little every month. Don’t go into credit card debt to buy luxury consumer goods
Have you ever sold off stuff around your house you no longer use? How do you keep your spending in check?
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