The lesson: Don't be afraid to change what you have. Buy low and sell high. Keep your eye open for deals and don't hesitate to buy when one appears. The money is made when you buy.
I had a god awful tablet I wanted to upgrade from. It was a cheap Chinese tablet I bought off Banggood. I wanted a proper laptop after my HP had died. The tablet I had managed to get me over until I saw an absolute deal. I bought the tablet for $250 and sold for $230 a year later. Not exactly a profit, but it freed up cash.
I saw a Macbook Pro for sale which was significantly undervalued. It had a cracked trackpad (somehow) and a few little dents and wear and tear that you would expect. I have a good mind for pricing. I know that it was significantly undervalued. I bought it for $120 with shipping and spent $10 buying a new trackpad. It's 6gb ram, 320gb hdd, MBP 13".
If you do the math, by selling the tablet and buying the Macbook, I've immediately freed up $100 in cash. While not a profit (yet), I have cash and a much higher valued thing than I did before.
Where the extra hundreds come in is when you account for basically capital gains. I did some research into the prices of this model and specs. They're going for $300-400. If I had to sell up, I could get hundreds more than what I bought for it. That's a real profit. If you consider the extreme end of the equation, $400 - $130 = $270 cash. When you consider the freed up cash from the previous sale and add that, I've made $380. Round that up and I've made $400.
Things like this take time and aren't easy to find. They're the needle in the haystack. But when you find a deal you can either twiddle on your thumbs and contemplate or you can do the work needed and find excellent deals. I kept an open mind and saw a great deal. I am ahead because of it. I see this computer as basically a savings account. I don't intend to get rid of it unless I see another deal like this again.
I had a god awful tablet I wanted to upgrade from. It was a cheap Chinese tablet I bought off Banggood. I wanted a proper laptop after my HP had died. The tablet I had managed to get me over until I saw an absolute deal. I bought the tablet for $250 and sold for $230 a year later. Not exactly a profit, but it freed up cash.
I saw a Macbook Pro for sale which was significantly undervalued. It had a cracked trackpad (somehow) and a few little dents and wear and tear that you would expect. I have a good mind for pricing. I know that it was significantly undervalued. I bought it for $120 with shipping and spent $10 buying a new trackpad. It's 6gb ram, 320gb hdd, MBP 13".
If you do the math, by selling the tablet and buying the Macbook, I've immediately freed up $100 in cash. While not a profit (yet), I have cash and a much higher valued thing than I did before.
Where the extra hundreds come in is when you account for basically capital gains. I did some research into the prices of this model and specs. They're going for $300-400. If I had to sell up, I could get hundreds more than what I bought for it. That's a real profit. If you consider the extreme end of the equation, $400 - $130 = $270 cash. When you consider the freed up cash from the previous sale and add that, I've made $380. Round that up and I've made $400.
Things like this take time and aren't easy to find. They're the needle in the haystack. But when you find a deal you can either twiddle on your thumbs and contemplate or you can do the work needed and find excellent deals. I kept an open mind and saw a great deal. I am ahead because of it. I see this computer as basically a savings account. I don't intend to get rid of it unless I see another deal like this again.



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