Since my last update at the end of two years I’ve sold thirteen more items. I picked a good amount of items at some pawn shops since the last update and sold a good bit of them. They were mostly electronics items I thought could be sold quickly. I am sticking with larger priced items at this point to keep my hourly rate very high.

Sells since last update

I sold three Oculus, Craftsman Weedeater, Ipod Nano 7th generation, Wii Game, Ralph Lauren Sheet Set, Nikon Camera, Luchesse Shirt, PS5 Video Game, Bucee’s Yukon Canister, Comic Books, and a large Video Game Bundle. Oculus have been a great boom to my overall profitability. Total Revenue on these items was $1,149.75 which included shipping. The total profit on these items were $428.34. This is 37.3% on this is above where I would expect to be over the long term. I would expect to be around 25% on revenue over the long term. I spent $534.69 on these items which is an 80% profit on cost, oh yeah. This is also much above my expectation now, because I have moved into higher price per item. When I was at a lower price point I could easily make multiples over cost, but that isn’t going to happen moving forward.

Buys since last update

I bought a lot of electronics on June 19th and a bunch of the things I sold this month were from this buy. I had one major purchase for an ASUS gaming laptop on June 14th for $230 I have not sold yet. This computer could make me $100 in profit after I sell it hopefully, and took me 5 minutes to buy on the way to an appointment. Fingers crossed I get what I think I can out of it.

Dividend Altria and Stock Buy

I also received a dividend for Altria today which was reinvested. I got paid $.98 and it bought me .021 more shares of Altria which puts me at 1.021 shares of Altria. This will pay me $4.00 a year now on my Altria initial investment of $41.92. The yield on my initial stands at 9.54%.

I bought $118.08 of Future Fuel stock, which translates to 24 shares. This company has a very high Return on Capital averaged over the past five years of earnings. I am comfortable owning a company like this over the long term based on what it has done and the stock price I am paying based on earnings and the Return on Capital it is able to achieve. Future Fuel currently pays a quarterly dividend of $.06.

Current Inventory

Item	Cost	Date Purchased	Sold	Profit
Serving Dish and Bowl	$9.29	7/20/22
*2 Coca Cola Puzzles	$6.91	9/13/22
*Floral Plate	$2.71	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
*Antique? vase	$8.11	2/21/23
*Antique Plates	$7.56	3/19/23
*Rollerblades	$16.77	4/1/23
*Granite Cutting Blades (4)	$32.43	4/4/23
*Crystal bowl	$5.94	4/10/23
*Perfume bottle	$8.11	4/10/23
*Nike Air Jordan V.5 Canvas	$27.11	5/22/23
* Air Jordan Flight Remix Wolf Grey	$42.50	5/24/23
*Coffee Cup- Floral	$2.70	6/20/23
*Twin Duvet Set	$25.98	6/21/23
*Skateboard	$8.11	7/26/23
*Queen Sheet Set Brown and White Plaid	$64.94	8/23/23	6/21/24	-$3.28
*Accounting Book	$6.27	9/6/23
*William Morris Queen Duvet	$54.11	12/13/23
*Peter Reed Reina Blue King Duvet	$42.22	1/3/24
*Peter Reed Reina Blue King Duvet	$42.22	1/10/24
*Hobart Cutting Tips	$6.78	2/2/24
*RNs DVD	$1.08	3/1/24
*Adidas Nastate Size 13	$16.77	3/2/24
*Comics (21)	$20.36	3/5/24
Comics	$1.07	3/5/24	7/8/24	$8.85
*Utawareumono DVD	$1.08	3/6/24
*Craftsman Brad Nailer	$43.30	3/6/24		-$8.59
*Pole Saw	$35.72	3/19/24
*Principles Book	$3.24	3/20/24
*4 garage sale tshirts	$4.00	3/30/24
*April 2024 items	$28.84
*May 2024	$364.23
*June 2024	$358.90
3 Oculus	$144.95	Various	Various	$115.98
Craftsman Weedeater	$8.22	4/29/24	6/14/24	$6.78
Ipod Nano 7th Gen	$20.57	6/19/24	6/21/24	$34.32
Sims Kingdom Wii	$4.32	6/1/24	6/21/24	-$.22
Nikon D3400	$199.18	5/22/24	6/21/24	$152.00
Luchesse Shirt	$9.73	6/1/24	6/23/24	$11.91
PS5 Game	$7.58	6/19/24	7/2/24	$15.94
Bucee’s Yukon Outfitter	$3.78	6/13/24	7/7/24	$6.81
13 Game bundle- Untested	$70.36	6/19/24	7/9/24	$79.64
Stocks
Verizon, Altria, British American, Future Fuel	$588.46	Various		$36.40
Underinvested	$554.01
Total inventory amount	$2332.14

Two years ago I decided to take the money in my change jar and buy and flip items to see what would happen. It has been a great success at this point to say the least. I’m going to go through a summary of year two and a summary of the total at this point.

Summary of Year Two

I am a numbers person so I will walk through the numbers of the year’s progression.

Initial Starting Amount Year Two: $384.35

Number of Items Sold Year Two: 83

Largest Profit Made on One Item in Year Two: $279.24

Smallest Profit or Biggest Loss on One Item in Year Two: $-21.27

Number of Items Sold I Made Money On: 60

Number of Items Sold I Lost Money On: 23 I’ve started purging older items I paid small amounts for

Current Total Inventory Possible: $1931.59- Over 53 times what I started with! At an annual 8% return on my initial amount it would take 51.5 years to reach this level.

Total Profit in Year One: $1519.45 excluding gains and losses on stocks

Current Number of Items in Inventory: 53

Average Profit on Items Sold: $18.31

Approximate Number of Hours Needed: 30- I was spending no more than ten minutes to find items when I buy them. To pack and ship takes me around ten minutes, as well.

Approximate Hourly rate: $50.64 per hour

Overall level of satisfaction with this: 10 out of 10 in Year Two

Summary of All Years

Initial Starting Amount Year Two: $36.38

Number of Items Sold Year Two: 113

Largest Profit Made on One Item: $279.24

Smallest Profit or Biggest Loss on One Item: $-21.27

Number of Items Sold I Made Money On: 87

Number of Items Sold I Lost Money On: 26- I’ve started purging older items that I paid small amounts for

Current Total Inventory Possible: $1931.59- Over 53 times what I started with!

Total Profit Overall: $1895.21 excluding gains and losses on stocks

Current Number of Items in Inventory: 53

Average Profit on Items Sold: $16.77

Approximate Number of Hours Needed: 45- I was spending no more than ten minutes to find items when I buy them. To pack and ship takes me around ten minutes, as well.

Approximate Hourly rate: $42.12 per hour

Where to Go From Here

My goal was to pass $1000 in inventory and I almost doubled that by the end of year two. I hope to be able to double the possible dollar value of inventory again by the end of year three. This would put me at $3800. At $3800 in inventory I may be able to achieve over $200 a month consistently in profit without a ton of effort still. If I get to this level I will have made it to the point where the monthly amount could turn someone into a millionaire if they invested the $200 a month in something as simple as the S&P 500 consistently for around forty years, just by buying some items every month in their free time.

I will continue to buy stocks with some of the profits I make as I continue flipping to increase the dividend passive amounts. I’ve had very good luck finding items which are higher priced where I have been able to double my money on them in the past year or make at least 50% on them. If this trend continues I should be able to double my inventory in the next year.

I could definitely pivot at this point and just go for a lot of volume to ensure I could move up the inventory amount, but I do not want to be flipping lots of low priced items, because it requires a different amount of time to ensure I can get enough of low priced items consistently. As well, it requires a lot more time in packaging to make $3 – $5 an item as it does to make $30 or more an item. The final factor is I am trying to limit the amount of space I am using for this venture and a thousand dollars worth of items starts to take up some real space. I am trying to make an effort to maximize my hourly rate, unless I just want to go out and get low priced items because I feel like it at the moment.

I am not going to update my inventory on this post because you could read my last update. I’ve sold three items since then, the Fire King which I lost money on, Matthew Lesko DVD and a pair of Sperry shoes I bought in May. These three items made me $14.40 more in profit with a cost of $10.86. That amount of profit in six days since my last update in May shows again and again why this works. I am going to keep on flipping stuff and enjoying this. If you are reading these I hope you are enjoying reading it.

May was a win overall for me with changejarflip. I ended up making $326.48 of profit selling items, which is almost ten times the amount I started with about two years ago.

The majority of the profit I made was on Oculus’ and a Nikon Camera. Expanding my horizon out into new areas is proving to be beneficial for me. I made over $37 on six items this month and my sell time fram on most of them was under a month. This makes for an ideal flipping situation where my money is not tied up and I can reinvest quickly. As the update in my dividend post toldk I took some of the profit and invested it in more shares of British American Tobacco.

I sold fifteen items in May. I lost money on three of them, one of which was a Wii U I bought where the buttons did not work on it. It did not have a power supply, and I lost the money on it, but returned the unit. I also lost $1.48 on the last knife I had. I lost $4.48 on a video games I bought, but learned I need to be buying video games at a lower price point.

I sold sheets, shoes, books, Oculus, a shirt, a Cabbage Patch Kid, Apple keyboard, and camera all for profit this month. Maybe I need to focus on one category to spin up more, but I think this keeps proving over and over there is opportunity everywhere.

The biggest winner was a Nikon D800 Body I paid $242 for and ended up making $86.40 profit. The next biggest winners were two Oculus 2’s I made $50.74 and $50.66 on. The next three largest profit items were another Oculus I made $46.19 on, the Apple keyboard and mouse where I made $39.62, and the Nike Aunt Pearl shoes where I made $37.14.

I sold two pairs of sheets and made around $20 profit between the two of them. Electronics appear to move much faster and with more profit, and are around the same amount I am paying for Oculus and Wii’s. I will try to deploy my reinvested amounts out of sheets moving forward.

I sold a Patagonia shirt I paid $1.67 for and made $15.33. This is a great flip overall at 9 days from the buy. There is money to still be made on low cost items, and the risk is much less.

I sold two books which I paid $3.83 for and made $5.29 in profit and average hold time was 15 days. I have the same thought on these I did with the Patagonia Shirt.

The last item was a Cabbage Patch Kid which I paid $3.78 for and made $3.95 on doubling my money in three months. Kind of a weird item to buy, but glad it moved for me.

New Inventory

I have picked up eleven new items that did not sell in the month of May. The higher priced items are a MacBook Air, PS4-1TB, Oculus 2, and a Nikon D3400. The rest are smaller items. I’m going to start reporting as a bulk amount for the month to minimize the number of lines on my inventory. As well, I forgot to update my inventory in April. I don’t have any item over $12 and am going to record them as a bulk number too.

Disposal

I donated three items I have had for almost two years. The NFL puzzle, Wood block set, and Old Spic Cologne bottle. I want to be mindful of the space I use, and these items were not getting any traffic. The low priced items can be winners, but there is a time to move on if they don’t sell with no traffic on them. The total loss on them was $8.87.

Current Inventory

I am no longer going to post the details of my stock I have bought in the current inventory, but put a gross amount moving forward, because updating the sheet is getting to be time intensive for all the items.

Item	Cost	Date Purchased	Sold	Profit
NFL Puzzle	$3.45	6/27/22	Discarded	-$3.45
Serving Dish and Bowl	$9.29	7/20/22
*2 Coca Cola Puzzles	$6.91	9/13/22
*Floral Plate	$2.71	9/26/22
*Old Spice Cologne bottle	$3.25	9/26/22	Discarded	-$3.25
*Wood block set- kid’s toy	$2.17	9/26/22	Discarded	$2.17
*Japanese Stein 1	$4.33	9/26/22
*Satellite Puzzle	$2.37	11/28/22
*Board Game	$3.78	1/4/23
*Antique? vase	$8.11	2/21/23
*Antique Plates	$7.56	3/19/23
*Rollerblades	$16.77	4/1/23
*Granite Cutting Blades (4)	$32.43	4/4/23
*Crystal bowl	$5.94	4/10/23
*Perfume bottle	$8.11	4/10/23
*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
*Coffee Cup- Floral	$2.70	6/20/23
*Twin Duvet Set	$25.98	6/21/23
*Skateboard	$8.11	7/26/23
*Queen Sheet Set Brown and White Plaid	$64.94	8/23/23
*Accounting Book	$6.27	9/6/23
*Brooks Brothers Sheet Set	$12.99	9/8/23	5/11/24	$11.44
*William Morris Queen Duvet	$54.11	12/13/23
*Peter Reed Reina Blue King Duvet	$42.22	1/3/24
*Peter Reed Reina Blue King Duvet	$42.22	1/10/24
*Hobart Cutting Tips	$6.78	2/2/24
*Ralph Lauren Queen Green Teal Sheet Set	$64.94	2/5/24	5/1/24	$8.05
*Cabbage Patch Kid	$3.78	2/26/24	5/21/24	$3.95
*Matthew Lesko DVD	$1.08	3/1/24
*RNs DVD	$1.08	3/1/24
*Adidas Nastate Size 13	$16.77	3/2/24
*Comics (23)	$21.43	3/5/24
*Pocket Knives	$10.83	3/6/24		-$1.48
*Utawareumono DVD	$1.08	3/6/24
*Nike Aunt Pearl Size 7.5 with box	$20.57	3/6/24	5/2/24	$37.14
*Craftsman Brad Nailer	$43.30	3/6/24		-$8.59
*Pole Saw	$35.72	3/19/24
*Principles Book	$3.24	3/20/24
*4 garage sale tshirts	$4.00	3/30/24
*April 2024 items	$38.72
*Books	$3.83	4/12 & 5/8	5/2 & 5/8/24	$5.29
*NBA 2K24	$10.83	5/1/24	5/2/24	$4.48
*May 2024	$628.36
*Wii U- bad buttons	$13.52	5/7/24	Returned	-$13.52
*3 Oculus	$194.85	5/15/24	5/14,5/17,5/31	$147.59
*Nikon D800 Body Only	$242.47	5/10/24	5/19/24	$86.40
*Patagonia Shirt	$1.67	5/8/24	5/19/24	$15.33
*Apple Keyboard and Mouse	$11.46	5/7/24	5/21/24	$39.62
Stocks
Verizon, Altria, British American	$492.46	Various		$27.79
Underinvested	$243.65
Total inventory amount	$1931.59

I’ve made almost two hundred dollars since the end of April, and have bought 3 more shares of British American Tobacco with some of the profit. With these two shares my total cost is $271.27 and average price per share is $30.14. This now puts me at a total where the dividends I will receive each year moving forward are more than I started with two years ago. I’m going to wait to do the full months update for all the buy and sales in the inventory at the end of the month, but I feel like I’ve reached a mini milestone in my changejarflip experiment at this point.

As well, Verizon paid a dividend and I now have more shares from the reinvestment of what I received. I got .017 more shares on the first lot I had, and .016 on the other three shares I had each.

The dividend amount I will receive a year moving forward sits at:

Verizon- $10.91

Altria- $3.92

British American Tobacco- $26.75

Total- $41.58

I expect this amount to be over $45 if all I do is reinvest the dividends by this time next year. The average yield on the amount I have invested is 8.44%. Reinvesting at this amount with no increases in the dividend amounts by any of the companies will get me to $45.

My next goal is to get to $100 a year in dividends. I don’t plan on selling any of the stocks at this time I currently own.

Stocks
*1.052 Share – Verizon	$34.43	9/29/23, Div Dates		$7.33
*1.016 Share Verizon	$39.57	1/18/24, Div Dates		$.81
*1.016 Share Verizon	$41.53	2/23/24, Div Dates		$-1.15
*1.016 Share Verizon	$40.69	2/28/24, Div Dates		$-.31
*1 Share Altria	$41.92	4/8/24		$4.41
*9 Shares British American Tobacco	$271.27 $30.14 P/S	4/23/24-5/21/24		$11.96
Total stock amount	$492.46

I grew my overall amount by more than 20% since my last update in about one month. This can all be attributed to one great flip really. The Canon camera I bought sold for a huge $750 plus shipping making it by and far the largest flip overall in profit for me at $279.24. I sold it on April 19th and was getting a ton of traffic on it from the day I listed it. The success of the cameras I have bought and sold has been amazing. I am still learning more about them while I am flipping to make myself better able to pick up these items.

I also sold the Madden games and lost $.33. I knew the margin would be thin, but wanted to test out some video games. I’ll try some more in this area, because I should be able to move them fairly consistently. I don’t like having inventory that doesn’t sell.

I sold three of the knives and made $.24 on them. I know my buy point for these much better now next time I see some knives, which is around $5-$6 each because they get good views, but the amount of profit would be couple of dollars at that level. I know there are other things I can buy at this price point and double my money more easily. As well, I don’t know much about them and one I sold the customer told me I listed the wrong knife. They weren’t upset so I could have sold a knife which was worth a lot more, or sold them something they still liked. Either way I would need to niche down in this area to be proficient and I already know a good amount about some niches to make money in consistently. Unless I see a really good deal I won’t buy knives again.

I sold the Bass Drum Pedal and made $16.70 on it. This is again a good flip and turned $8.11 into $24.81. Small amounts can turn into something good.

I sold the Fireproof DVD set for $8.50 and made $.83 after shipping. This goes back to my old days of flipping books. This can be a consistent winner if I were to inventory up in this area only. I’ve been buying some books with really good multiples lately, but it is likely not the best use of my resources overall. However, an easy flip is an easy flip.

Last I sold one of the t-shirts I bought at the garage sale for $8.99 plus shipping and made $6.85 of profit. This turned $1 into $7.85. Garage sales are definitely a place of so much value if someone wanted to take a small amount and build it as fast as possible. I know there are people who specialize in clothing only at the $1 price point with large inventories who absolutelty crush it in the flipping arena.

Thought Experiment of Flipping One Dollar T-Shirts

Let me delve into this a little bit. Let’s say I took $500 and planned on paying $1 at garage sales till I had used all of my money on inventory. What do I think would happen.

1. I would have to get lucky to ever get all my initial $500 invested before I made sales. You might be able to buy 100 shirts in your first weekend, unless you put in a bunch of hours your first weekend, and there were enough garage sales close to you.
2. Once I had 500 t-shirts I would have around $3500 in potential value after fees and shipping to customers.
3. Next, I would want to list the 500 as fast a possible. 15 a day till they are all online.
4. Then, I would get on a consistent posting cadence on ebay and try and list at least 5 a day. I’ll get more views this way.
5. Sale through rate would hopefully be 10% of my inventory a month. At 500 I would sale around 50 a month. This would be $350 a month rough profit off of $500. I might need a small storage unit where they are. I’ll take out $80 a month for this. That is a winner. Around $3200 a year with no risk after two months, because I got my money back. It would be a good hourly rate too after the initial ramp up because I would need to get 50 to replace those I sell.
6. I may have just talked myself into doing this.

If I were to restart changejarflip I would take my initial money and just go to garage sales over and over at first. Most people just want to be rid of what they have and you could pick up stuff for a $1 or less or even free and build it up quickly. I could do the t-shirt flip build up and cash in a nice amount a month.

Buys

I bought three items on April 29th, a book, a Craftsman Weedeater, and an old Singer Sewing Machine from Goodwill.

I also put some of my profits into shares of dividend paying stocks. I bought one share of Altria, and six shares of British American Tobacco. I think British American Tobacco is extremely undervalued at this time and the dividend amount equates to over a 10% yield.

I am trying to build up an amount of recurring passive income as this goes along to show how I can sell things and turn them into a change jar which refills without me having to make that happen. My first goal is to get this to $36.38 a year, which I could right now, if I bought a little more British American Tobacco, but I want to see if I can find some more cameras first to sell and want the money I have in case they are expensive, like the Canon was. I am underinvested $540.40 currently.

Closing price as of today for the three stock I own : Note Verizon pays a dividend on May 1st, which I will reinvest in more Verizon shares.

VZ $39.49

MO $43.81

BTI $29.42

Current Inventory

Item	Cost	Date Purchased	Sold	Profit
NFL Puzzle	$3.45	6/27/22
Serving Dish and Bowl	$9.29	7/20/22
*2 Coca Cola Puzzles	$6.91	9/13/22
*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
*Antique? vase	$8.11	2/21/23
*Antique Plates	$7.56	3/19/23
*Rollerblades	$16.77	4/1/23
*Granite Cutting Blades (4)	$32.43	4/4/23
*Crystal bowl	$5.94	4/10/23
*Perfume bottle	$8.11	4/10/23
*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
*Coffee Cup- Floral	$2.70	6/20/23
*Twin Duvet Set	$25.98	6/21/23
*Skateboard	$8.11	7/26/23
*Queen Sheet Set Brown and White Plaid	$64.94	8/23/23
*Accounting Book	$6.27	9/6/23
*Brooks Brothers Sheet Set	$12.99	9/8/23
*William Morris Queen Duvet	$54.11	12/13/23
*Peter Reed Reina Blue King Duvet	$42.22	1/3/24
*Peter Reed Reina Blue King Duvet	$42.22	1/10/24
*Hobart Cutting Tips	$6.78	2/2/24
*Ralph Lauren Queen Green Teal Sheet Set	$64.94	2/5/24
*PDP Bass Drum Pedal	$8.11	2/26/24	4/11/24	$16.70
*Cabbage Patch Kid	$3.78	2/26/2
*Madden 15,16,17,18 Xbox	$4.29	3/1/24	4/7/24	-$.33
*Matthew Lesko DVD	$1.08	3/1/24
*RNs DVD	$1.08	3/1/24
*Fireproof DVD set	$1.08	3/1/24	4/21/24	$.83
*Adidas Nastate Size 13	$16.77	3/2/24
*Comics (23)	$21.43	3/5/24
*Pocket Knives	$37.88	3/6/24	various	$.24
*Pocket Knives	$48.71	3/6/24
*Utawareumono DVD	$1.08	3/6/24
*Nike Aunt Pearl Size 7.5 with box	$20.57	3/6/24
*Craftsman Brad Nailer	$43.30	3/6/24		-$8.59
*Pole Saw	$35.72	3/19/24
*Principles Book	$3.24	3/20/24
*Canon camera	$403.00	3/27/24	4/19/24	$279.24
*1 garage sale tshirt	$1.00	3/30/24	4/28/24	$6.85
*4 garage sale tshirts	$4.00	3/30/24
Stocks
*1.035 Share – Verizon	$33.75	9/29/23, Div Dates		$7.13
*1 Share Verizon	$38.92	1/18/24		$.57
*1 Share Verizon	$40.88	2/23/24		$-1.39
*1 Share Verizon	$40.04	2/28/24		$-.55
*1 Share Altria	$41.92	4/8/24		$1.89
*6 Shares British American Tobacco	$177.24- $29.54 PS	4/23/24		-$.72
Underinvested	$540.40
Total inventory amount	$1569.85