One of the most basic economic facts ? the fact that the amount of money isn’t as important as the flow of money ? is irrelevant to most of our lives. Most of the time, what we want to do is to accumulate as much wealth as possible. We can invest money and use it to make more money, but in general the principle is the same. Horde it or lend it out, but don’t spend it on anything.
For me, however, buying and selling is exactly how I make money. I am sort of a jack of all trades, although I feel like I am mastering a few. I have known so many buyers and sellers of various products in my life that I couldn’t help but get into the business. You see, it is really exciting. It started as a side project actually. I would go to government foreclosures and try to buy and sell retail properties. Buying and selling a home was a much simpler matter than I had thought. I had already made a fair bit of money in the family business, and had set aside a few hundred thousand dollars to invest. From there, the sky was the limit.
For me, the key is diversity. Some people who are interested in buying selling like to specialize in one particular area. Maybe they buy used cars, fix them up, and sell them off at a much higher price. Maybe they are into buying and selling homes, or antiques. In my case, I like to do everything. Buying and selling on eBay, for example, is an extremely lucrative and interesting sideline. If you can find hard to get items, you can buy and sell for much more than they are worth and make a dependable profit. Although it is not the most lucrative buying and selling activity that I engage in, it is one of the most enjoyable, so I keep a hand in it.
Those of you with no experience with professional buying and selling probably have no idea what I’m talking about. Still, if you have ever been to an estate auction, a flea market, or an art gallery, you probably have some inkling. What is so exciting about buying and selling rare and in demand commodities for me is the indeterminate quality of their value. Finding just one collector who is looking for a particular piece can drive it through the roof.
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