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Do you hoard things in the hopes that someday they might be worth something? Here are some tips sent in by a reader to help you decide what is worth keeping… and what isn’t.
- Figure out what will have more value in the future. If you are trying to collect something that can be easily reproduced in the future, chances are the value will be less than what it is now. Most media, such as music, movies and games won’t have high resale value in the future. Also, anything technology-related that will have newer and better versions in the future likely won’t be worth much, either. However, if something cannot easily be reproduced, it should have much higher value. Things in this area would be things like stamps and coins. In fifty years’ time, those current state quarters will be worth much more than just 25 cents.
- Know where to check prices. For movies, games and things of this nature… check eBay to see what similar items are currently being sold for. For coins or stamps, try checking out a local dealer in your area, or do a Google search for a reputable site online that will give you approximate values.
- Cars made today will not gain the popularity (and resale value!) of the old muscles cars. This is due to the freaky obsession that “car people” have with older models. When you think of a ‘gear head’, it’s generally someone who is tuning a souped-up engine, with a muscle car chassis. Most of the popluar cars will be the ones that were features in tv shows and movies. Newer cars just don’t have that “driving a monster” feel that classic cars had.
- Technology makes for bad investments. Even though a Mac might have a better resale value than a PC, it too will dwindle down when the newest OS no longer supports it. Ask yourself this question: when is the last time you saw an old tv, computer or CD player sell for a large amount ten or twenty years after it was replaced by something newer and better? There’s your answer.
- Keep your items in good condition. Time is the enemy of everything. It wears our bodies down, and it will wear down the items you’re trying to collect. If you take good care of your items and store them properly, they will be worth much more money down the road.
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Add to iTunes | Add to YouTube | Add to Google | RSS Feed
Do you hoard things in the hopes that someday they might be worth something? Here are some tips sent in by a reader to help you decide what is worth keeping… and what isn’t.
- Figure out what will have more value in the future. If you are trying to collect something that can be easily reproduced in the future, chances are the value will be less than what it is now. Most media, such as music, movies and games won’t have high resale value in the future. Also, anything technology-related that will have newer and better versions in the future likely won’t be worth much, either. However, if something cannot easily be reproduced, it should have much higher value. Things in this area would be things like stamps and coins. In fifty years’ time, those current state quarters will be worth much more than just 25 cents.
- Know where to check prices. For movies, games and things of this nature… check eBay to see what similar items are currently being sold for. For coins or stamps, try checking out a local dealer in your area, or do a Google search for a reputable site online that will give you approximate values.
- Cars made today will not gain the popularity (and resale value!) of the old muscles cars. This is due to the freaky obsession that “car people” have with older models. When you think of a ‘gear head’, it’s generally someone who is tuning a souped-up engine, with a muscle car chassis. Most of the popluar cars will be the ones that were features in tv shows and movies. Newer cars just don’t have that “driving a monster” feel that classic cars had.
- Technology makes for bad investments. Even though a Mac might have a better resale value than a PC, it too will dwindle down when the newest OS no longer supports it. Ask yourself this question: when is the last time you saw an old tv, computer or CD player sell for a large amount ten or twenty years after it was replaced by something newer and better? There’s your answer.
- Keep your items in good condition. Time is the enemy of everything. It wears our bodies down, and it will wear down the items you’re trying to collect. If you take good care of your items and store them properly, they will be worth much more money down the road.
Want to embed this video on your own site, blog, or forum? Use this code or download the video:
Related Content:
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