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#1
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I picked up a property management client on the side that pays north of $3k/month. I might have 15 hours a month invested in actually being at the property.
I fund my Roth IRA first, put $10k in my regular investment account and the rest is spent on my choosing (aka cardboard).
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Collecting T206 Set 485/524 Successful transactions with: Wildfireschulte, bengineno9, Davids resale shop, dougcats, wcsportscards, Bryan Long, Moonlight Graham, sycks22, Set Builder, itjclarke, mybuddyinc x 2, Double-P-Enterprises, Michael McGuffin, sebie43, T2069bk, JollyRoger, LukeLyon x 2, drjdog5150, Beatles Guy, GehrigFan, piecesofthegame, AddieJoss, Marty, HOF Yankees, FrankWakefield, Tim Fritz, vcuono, T206blogcom, btcarfagno x 3, Bleedinblue, Tolstoi, brewing |
#2
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My father in-law accused me of stealing my wife's money. He knew I collected sports cards. I told him that's how I pay for my card collection. He likes me a whole lot less now.
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#3
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If you understand the market for the items you collect extremely well, you can start doing this today. You just need to know instantly when you see something what it's value is. If you don't know any sets/issues/players, etc this well, then you either need to spend a lot of time studying, or just decide to not worry about it. I'm sure there are tons of people on the board who keep their eye out for things they collect and occasionally buy something they don't need just because they come across it and it's a good deal.
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ThatT206Life.com |
#4
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I've primarily funded things the same way, year-end bonuses, gifts, etc.
After I got back into the hobby, one thing that appealed to me was buying some of the important cards that were big when I was growing up but could never afford. Part of my idea was that I could potentially hold them for a while, sell at a profit and put the money back into other cards. And at times, it worked nicely - other times, not so much. One of the cards I got early on was a T206 Speaker (Sweet Cap back), which opened the door to learning a whole lot more about T206s and pre-war stuff. That made me rethink things and started me on my T206 journey I'm still on now. I sold that first Speaker to help with my T206 project (not done yet!), and now I find it challenging to put the money I get from selling stuff into other cards I plan on selling because my PC has so much stuff I want to fill in. A couple quick thoughts: COMC is a great place to flip and learn lessons about flipping. I've tried various strategies (modern rookies, autos, slabs, buying wax, etc.) and figured out a few things that I prefer. While I've made plenty of dumb mistakes, I've also learned a lot and been able to cycle through funds there, reinvesting some and using some for purchases. I haven't put in any money in years, but have bought plenty of cards that now reside in my PC. One of the biggest/best pieces of advice I took to was to buy things that you'll appreciate or like even if they lose value. In other words, if it's something you end up not being able to sell for bupkis, but you still can enjoy, that's going to be a good buy no matter what. I do think that selling things helps with buying things, as the process helps build appreciation for what attributes matter most, certain downsides to specific cards (such as common print defects that might not be calculated into a grade) and in knowing the cost and work going into a sale. |
#5
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Personally, I find that putting my time and energy into non-baseball card ventures affords me more disposal income to spend on baseball cards.
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#6
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I'll buy anything that I think I can make a profit on. I have several different selling platforms - eBay, neighborhood website, bulletin board at work (we have 5000+ employees), Craigslist, etc. That's how I fund most of my card purchases.
Anybody need a Chi cordless curling iron? I just picked up a lot of 10 brand new in the box. Seriously. |
#7
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When investing, its always good to diversify and put your money in something you have a little knowledge about. Its always good to invest in yourself than other people companies. Do your research, ask questions, and keep buying cardboard I say!
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Love Ty Cobb rare items and baseball currency from the 19th Century. |
#8
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I metal detect, scrap metal, turn in cans and bottles etc.. anything to make a buck for my Flea market hunts from Apr-Dec.. I'm in redraws..
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