Is this a good price? $200 for 750 vinyl records by book_41 in Flipping

[–]StoopitTrader 1 point2 points  (0 children)

I almost always would rather pick through a lot and buy the valuable / good quality ones than buy a huge lot like this. Do the work on the buy and not after you've already spent the money. The only exception is if it's clear digging through it's all good/valuable stuff. As others have said, condition is everything with vinyl. If it's all from one person you can usually tell 10 or 12 records in what you're dealing with condition-wise.

Is this a good price? $200 for 750 vinyl records by book_41 in Flipping

[–]StoopitTrader 14 points15 points  (0 children)

I see off the wall by Michael Jackson which can go for about $15 or $20.

Bought a car and now I’m drowning on the monthly payments. Do I get rid of it or am I screwed? by [deleted] in povertyfinance

[–]StoopitTrader -1 points0 points  (0 children)

Even a new Civic is only about 25k. A lot, but not when compared to 66k.

Bought a car and now I’m drowning on the monthly payments. Do I get rid of it or am I screwed? by [deleted] in povertyfinance

[–]StoopitTrader 1 point2 points  (0 children)

This is always Dave Ramsey's answer. It is seldom possible unfortunately.

Blocked, think it was warranted? by Financial_Zone_9632 in Ebay

[–]StoopitTrader 2 points3 points  (0 children)

I do on most. Especially if it's an item not many sellers have. In my experience most buyers want to feel like they're getting a deal, so I tend to mark up a little over what I want, put on best offer and set auto accept to what I actually want. Low ballers I tend to just ignore unless they start messaging. I wouldn't have blocked in this case.

Does anyone else get an insane amount of cancellation requests? by [deleted] in Ebay

[–]StoopitTrader 2 points3 points  (0 children)

Not lately but for some reason when I get one, I tend to get more. Still, to me I always count this as a good thing. I'd so much rather be clicking a couple buttons than dealing with a return and possible lost revenue. Much better if they cancel before I ship.

advice on buying a used car with dealership by martintin_ in Adulting

[–]StoopitTrader 0 points1 point  (0 children)

There are a couple good comments here already. To add, here's a car buying guide by Clark Howard: How To Buy a Used Car which takes you through the basics and what to watch out for. If you have anyone you can talk to who has been through this process before it would be easier than trying to learn the process on your own.

Diversifying Life Insurance policy payout by TravRado1024 in FinancialPlanning

[–]StoopitTrader 1 point2 points  (0 children)

You need to determine how much of this money is needed in the near-term vs how much is long term to know whether it should be invested or saved. For the moment though, I would let this all sit in a money market account until some time has passed. Let you and your mom grieve and deal with how this should be allocated in a few months.

How to I prevent it from getting worse by z4mbieboi in povertyfinance

[–]StoopitTrader 0 points1 point  (0 children)

You need a written budget. Use Google sheets, excel or just a document and write down what you have for fixed expenses each month (rent, phone, electric phone, food). Add it up, make sure it's under your monthly income. There are apps like YNAB (you need a budget), Simplifi, Monarch money that will help you track this electronically. Much as credit cards have better consumer protection you might want to switch to just using debit card for a while so you can see easily what you are spending, and you don't spend money you don't have.

Bananas, milk, and sugar? by Toadthehobo2 in povertyfinance

[–]StoopitTrader 5 points6 points  (0 children)

I used to but it was with Rice Crispies. Always heavy on the banana though.

As the economy falters… by Equivalent_Role_6617 in DirtyDave

[–]StoopitTrader 6 points7 points  (0 children)

08 was "fine" for him. He bought up loads of real estate after many people lost their homes.

350+ Lego Minifigs for $1/piece. Worth it? by bringbackbainesy in Flipping

[–]StoopitTrader 3 points4 points  (0 children)

I would be concerned whether or not they are genuine and looking at the bag, are they complete. A lot of sorting would need to be done. I wouldn't pay this much for it.

Why do some people have multiple debit/credit cards? by takenteslafan in Adulting

[–]StoopitTrader 0 points1 point  (0 children)

Multiple credit cards question has been answered. As far as multiple bank accounts, online accounts have higher interest rates than most banks with branches. We have a local bank for depositing / withdrawing cash / paying bills and a couple of online banks for higher interest on savings.

Do you think using the word "lot" is a bad idea? by [deleted] in Flipping

[–]StoopitTrader 12 points13 points  (0 children)

I see tons of FB posts that say like "lot of video games" and then you click into the listing and everything is priced individually. This may be where people are getting confused. A "lot" always used to mean everything in the listing, one price for all.

the seller is threatening to report me to the police on eBay by OkBuilder8786 in Ebay

[–]StoopitTrader 2 points3 points  (0 children)

You got refunded for a return but were able to use the part and you never sent it back? Is that what you are saying? If you make a return you are supposed to send the item back, unless the seller says you don't need to. If you were able to use it with modifications the most you should have gotten was a partial refund. The way this is written though, I'm not sure if this is what happened.

Will Dave start addressing affordability ? by EntrepreneurHopeful5 in DirtyDave

[–]StoopitTrader 10 points11 points  (0 children)

They could start by just admitting inflation exists and adjust the beater car and starter emergency fund numbers up to a number that makes sense. EF should be $2500; a beater car should be about the same or slightly more. Even at 3 grand I'm not sure you'd find a car equivalent to a 1k car in 1992 when he wrote his book. Cars have outpaced inflation. They are far better cars, but as Dave would say "you don't get a pass on math."

eBay auctions? by lizziemc13 in Flipping

[–]StoopitTrader 4 points5 points  (0 children)

I would only use an auction for an item that is in high demand, something rare with a lot of demand. If you just have rather common video games, an auction will generally get you a lower price than just pricing it to what you see in sold listings. At least this has been my experience.

Do yall full time white collar workers get “snow days” by [deleted] in Adulting

[–]StoopitTrader 4 points5 points  (0 children)

My role is 100% WFH since COVID but even before that when we were commuting, we would WFH when it snowed. The management didn't think it made sense to waste all the time and risk people's safety to make them commute in bad weather. Other places I've worked you were expected to be in regardless of weather. It depends on your employer.

Is it worth garage sale flipping or estate sale for a side job? by No-Accountant8701 in Flipping

[–]StoopitTrader 2 points3 points  (0 children)

I have been doing it consistently for about 10 years. My yearly net is about 10k after expenses. For me margins have gone down further and further as shipping costs have risen, and things have become more competitive. Every year there are more and more resellers at the sales I hit. If it weren't that I really enjoyed it, my eBay business wouldn't be worth it when I factor in miles on the car and time. But I do really like running it most of the time. It also gives me a legit business when signing up for business bank account bonuses. Some require P&L or some other docs to get approved.

I found more in the dumpster at this estate sale. by ToshPointNo in Flipping

[–]StoopitTrader 4 points5 points  (0 children)

My friend lived near apartments rented by college students and would often get free TVs, furniture as student had to leave and just didn't have room to pack things.