How to Buy and Resell Items
I shared how doubling your money, starting with $1 can get you to $1,000,000 if you double it 20 times.
Today is day 1 and the focus right now is reselling since it is the easiest way to double small amounts of money.
Staring with $1 today, we made a quick and easy flip.
What We Bought
Knowing what to resell can be a learning process.
My local second hand store had loads of books for $1each so I picked up a copy of The Barefoot Investor as it is one I have resold many times for $8 to $10.
Where We Listed
Facebook Marketplace was the easiest for this one. It is quick, easy and free plus I was able to arrange collection at the local shops when I was going to be there anyway.
How Much and How Quick
I sold it for $10 and it sold within a few hours of listing it which was great.
Managing the Money
For this project/challenge all the money is being kept in Up which is a fee free, online only bank. You can get $21 instantly when you join.
What’s Next?
Since the first few steps for doubling our money are small e.g. $1 to $2 then $2 to $4, the focus is on reselling. After selling these books, I chose a skirt from the $2 section at the Salvos.
Follow Us
If you want to follow our journey, you can on Instagram, Facebook.
