Could you make an extra $4,200?

Gumtree did a survey to find out how much unwanted stuff Australians have. The answer was $4,200 of per household. That's a lot of money to be tied up in items that we don't even want.

Across Australia this adds up to 34 billion dollars worth of unwanted stuff. $34,000,000,000! That's a lot of stuff just sitting around.

It's probably even more

The survey said the average household has 25 unwanted items. So far my wife and I have sold more than 300* items, with another 60 already listed and more items still to be added. Surely 25 items per household is just the tip of the iceberg.

What do you think?

How many unwanted items do you have at your place? Do you reckon it would be more that 25?

People are cashing in

It's estimated that 100 million items were sold second-hand last year. Millenials are leading the way making almost $2000 per person.

In the last year 56% of Aussies have sold something second hand, including 1.3 million people making their first online sale.

Tips for making thousands

If you'd like to turn some of your unwanted possessions into money, you might like my free ebook Less Clutter More Cash. It's a collection of tips that we've learnt in the process of selling more than 300 of our unwanted items. Hopefully it can help you too.

PS. See my related post 4 Reasons to sell unwanted items

*Update: We've now sold 557 items. So the 25 per household seems to be quite a conservative estimate.

Comments

The real cost of owning a car

It's been about 10 years since I've owned a car. My wife doesn't own one either. "You must save a lot in petrol" That's one of the frequent reactions when someone discovers we don't own a car. "Of course, but it's just the tip of the iceberg" is the usual theme of my reply. Many people I've talked to just aren't fully aware of the real cost of owning a car. Or even that there are six different costs of owning a car. Six? Really? Yes. Occasionally a work colleague or friend will boast their car only costs $X per week. Of course it turns out only some factors have been counted. Sometimes it's just petrol alone. To some people, that feels like the only cost they pay each week. Why does this matter? You might be questioning the need for a second car in the household (or even having one at all). Or you might just be choosing which car to get next. Either way, to make an informed decision we need proper information. So let's look at...

How much super will we have?

Will we be OK in old age? How much will we have? One of the great things about living in Australia is superannuation. Our employers are required to pay into an investment account for our retirement. In recent times, my wife and I have been in several conversations with friends who are wondering (or worried) if their balance will be enough. That's what inspired this article. Great question It's a great question to ask, especially around the age of 35 to 40. At that point, old age is less of a distant abstract concept. It's becoming a medium-term reality. At 35 the number of years of living off super is possibly more than half of your remaining years. At 40 you may consider yourself about half way through your working life. Looking at your balance, it's easy to think that twice that balance may not be enough. Read on, because I have good news for you. It's better than you might think As I've mentioned in earlier posts, compound growth means the investment grows f...

Less Clutter More Cash - now available

Do you feel like you have too much stuff? Is your home full of things you never use? Would you like to swap them for cash? We did My wife and I have sold more than 550 items online as we downsize and we've learnt a bit along the way. I've put some of our best tips into this handy ebook. I hope you can use these tips so you too can have less clutter and more cash. Enter your email address below to receive the book for free. Less Clutter More Cash Get my new ebook for free. PS. This will subscribe to the But Wait There's Less email list, so you'll know when the new updated version of the book is available. You can unsubscribe at any time.

But wait... there's less!

Search This Blog