The weather is warming up, the leaves are growing and the birds are singing outside the windows. Garage sale season is running full speed. We’ve all seen the signs popping up.
I’m going to show you a twist.
Every time I choose not to sell something, I’m essentially buying it again today.
That’s an interesting idea, isn’t it? I’ll give you an in context how that makes sense. Let’s say I have a flat screen tv in the spare bedroom. No one ever watches it and we don’t use it. Now let’s say I put it out on display in our garage sale for $100. A guy comes by and offers me $75 for it.
If I decline his offer, then I essentially just bought the tv, today, for $75.
It doesn’t matter what we bought it for in the past, how much it is used, or how much I think it’s worth. If I didn’t accept the offer then I missed out on cash in hand of $75. Instead in my hand I have a TV, that value to that garage sale shopper was worth $75.
I just bought our tv back. Cash never exchanged hands but the opportunity was there and I didn’t take it.
How many things do you own that you could sell or that you wouldn’t buy again today?
It may be hot garage sale season right now, but it’s always time to sell what you wouldn’t buy again. Craigslist has always been a great resource for me, to buy and sell.
Let someone else enjoy that stuff. Rid yourself of the clutter and get some CASH.
Or, just continue to buy it day after day.