Since my last update I have sold three items and bought one new item. The three sells puts me over $500 at this point since I started doing this just over a year ago. I am very happy with my result and if I were to try just keeping the inventory level where it is right now I believe I could make $500 a year off of it without growing it any bigger than $500. This is very interesting in my mind to think in just over a year I was able to build a small amount, $36.38, into something which could make me $500 a year.
The $500 is a conservative number for me to say a year. The reason I say this is because I have made $411.68 in profit at this point in 2023. I’ve averaged $54.89 in seven and half months at this point while I’ve continued to build. This would put me into a spot where I can easily take $500 a year moving forward to spend on whatever I like. This amount is something to me which actually could be worthwhile to do something enjoyable or be invested for the long term and help me out in life later. To make this it would take me about 20 hours a year at the most and I would control the time.
For $500, I could drive to a national park and camp out for a long weekend and still have money left over every year. I could take the $500 and put it into a mutual fund or EFT investing in the S & P 500 for the next 30 years and have in the range of $75,000 at a 9% annual return. Little amounts turning into something which could one day help. However, what I am going to do is to try and keep reinvesting this money all back into inventory.
I sold the White Twin Sheet Set for $59 and ended up making $12.69 profit on August 7th.
I sold the Logitech Mouse for $13 and ended up making $1.41 profit on August 11th.
I sold the William Morris Duvet Set for $83 and ended up making $31.48 on August 17th. This is a very good flip in a quick time as I hoped it would be.
I bought a Halloween Queen Sheet Set on August 2nd for $21.64.
This brings the total amount to $521.69 in possible inventory, and I need to invest $151.72 at this point to be fully invested again. I am focused on buying sheets and the like for a while to keep myself fully invested. I know this area really well and know I have a lot of value when I buy and can get out my money fairly easily in this area if I need to liquidate a set of sheets. I’ll be looking for good deals and keep on reinvesting.
Current Inventory
| Item | Cost | Date Purchased | Sold | Profit |
| NFL Puzzle | $3.45 | 6/27/22 | ||
| 3 Hole Punch | $1.18 | 6/29/22 | ||
| Serving Dish and Bowl | $9.29 | 7/20/22 | ||
| *Star Wars Puzzle | $2.37 | 7/25/22 | ||
| Star Wars Puzzle | $1.18 | 8/31/22 | ||
| *2 Coca Cola Puzzles | $6.91 | 9/13/22 | ||
| *Stapler and Stapler remover | $.54 | 9/26/22 | ||
| *Floral Plate | $2.71 | 9/26/22 | ||
| *Old Spice Cologne bottle | $3.25 | 9/26/22 | ||
| *Wood block set- kid’s toy | $2.17 | 9/26/22 | ||
| *Japanese Stein 1 | $4.33 | 9/26/22 | ||
| *Satellite Puzzle | $2.37 | 11/28/22 | ||
| *Board Game | $3.78 | 1/4/23 | ||
| *Painter’s puzzle | $3.78 | 1/30/23 | ||
| *Logitech Ergonomic Mouse 1 | $10.27 | 2/9/23 | 8/11/23 | $1.41 |
| *Antique? vase | $8.11 | 2/21/23 | ||
| *Teapot | $5.94 | 3/3/23 | ||
| *Antique Plates | $7.56 | 3/19/23 | ||
| *Marriage book/game | $8.11 | 3/24/23 | ||
| *Rollerblades | $16.77 | 4/1/23 | ||
| *Granite Cutting Blades (5) | $40.54 | 4/4/23 | ||
| *TI BA II Plus calculator | $5.94 | 4/5/23 | ||
| *Crystal bowl | $5.94 | 4/10/23 | ||
| *Perfume bottle | $8.11 | 4/10/23 | ||
| *Pair of Shoes | $37.86 | 5/4/23 | ||
| *Casserole dish | $8.11 | 5/17/23 | ||
| *Nike Air Jordan V.5 Canvas | $27.11 | 5/22/23 | ||
| * Air Jordan Flight Remix Wolf Grey | $42.50 | 5/24/23 | ||
| *Rae Dunn King Sheet Set | $21.61 | 6/14/23 | ||
| *Dyson Vacuum | $20.02 | 6/20/23 | ||
| *Coffee Cup- Floral | $2.70 | 6/20/23 | ||
| *White Sheet Twin Set | $37.88 | 6/21/23 | 8/7/23 | $12.69 |
| *Twin Duvet Set | $25.98 | 6/21/23 | ||
| *Skateboard | $8.11 | 7/26/23 | ||
| *William Morris Duvet Set | $42.22 | 7/28/23 | 8/17/23 | $31.48 |
| *Halloween Queen Sheet Set | $21.64 | 8/2/23 | ||
| Underinvested | $151.72 | |||
| Total inventory amount | $521.69 |