I have bought three items since my last update. I have not sold anything since then. I bought two sets of sheets which are they same and cost me $64.94 each. I also picked up a receiver for $22.29. This ends up putting me slightly over invested by $.45. This is a good spot for me to be in and I have 36 items total.
I am keeping long-term thinking in mind with where I am and knowing after ten years this will end up being more than I could guess when I started this. I’m 14 times my initial investment at this point, and know I will end up 100x times my investment at some point in the future.
If I keep at this long enough it could be 1000x times my initial investment, but for this to occur would be in a form I probably don’t fully know, and that’s ok. This is a fun thought experiment to me. I would guess for me to get to 1000x I would be running a much larger inventory, or have diversified the profit I have made into a different business investment opportunity or opportunities. I could imagine if I were to get to the point with $1000 a month coming in I might try to invest in a way the inventory I would have would not be out of hand, and also not have such a large amount invested in my inventory. With that amount of money I could pay a mortgage on a rental property after building up a down payment and use leverage to magnify what I had created. I could also buy a small business of some type which would throw off money. There are endless possibilities, and I am not sure how it will go if I get to that level, but like I said it is a fun thought experiment.
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 | ||
*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 | ||
*Twin Duvet Set | $25.98 | 6/21/23 | ||
*Skateboard | $8.11 | 7/26/23 | ||
*Halloween Queen Sheet Set | $21.64 | 8/2/23 | ||
*Queen Sheet Set Brown and White Plaid | $64.94 | 8/23/23 | ||
*Queen Sheet Set Brown and White Plaid | $64.94 | 8/23/23 | ||
*Technics Tape Player | $22.29 | 8/23/23 | ||
Overinvested | $.45 | |||
Total inventory amount | $521.69 |