Passive Income

It always amazes just how creative a person can be when they are trying to become debt free. I have tried a few different methods, all with limited success. I wanted to tell you about my latest venture.

Every year parents rush out to find the hottest toys to buy for their children at Christmas time. As my son is only 2, I am really out of the loop when it comes to the “it” thing. Fortunately for me, my brother’s son is a few years older and is your typical 4 to 7 year old. If he likes it, then most kids his age will to.

This year all he wants is something called “Bakugan“. I had never heard of it until my brother asked me to see if I could find some for him. It appears that not only do the kids want them, so do the collectors. And only one thing can happen when that combination occurs - PROFIT.

I first went to eBay and did some preliminary research. Most people have been opening the toy package and selling them loose. This allows the collector to see the toy’s “G”, which is its power level, and reduces the shipping costs needed to mail the package. I have to admit the manufacturer has created some what of a demand by having the same toy have different power levels. Obviously the kids want the toys with the highest power (it is a game after all).

Next, I stopped by my local superstores and looked for the toys. The first four I went to did not have any. This confirmed that they were indeed pretty popular. At the 5th, and final, superstore, I hit the jackpot. I guess the store just opened a new case.

I could have easily spent $300 buying everything they had. I elected to do the safe thing, and buy only $100 worth. Immediately I went home, opened them, and put them on eBay. I am now sitting here wondering how big of a mistake this was.

Will I make a profit? Will I even make my money back? I have tried many things to become debt free, but this is the most stressful.

What have you done in your pursuit of debt freedom? Have you ever took a chance on something that may or may not work as you had planned it? I would love to hear from you!

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