|
Paying
$20,000 off My Mortgage |
|
House Renovations, Holidays, Furniture, and Electrical Products have
all helped drive my Mortgage up instead of down over the last year
or so...
|
|
At the start of June 2005, I set myself some business and personal
financial goals...
|
|
Like most people I have got a garage full (well a house full probably)
of stuff that never gets used and eventually either gets thrown in the
bin or given away. So I decided to see if I could sell some of the
stuff on
EBAY.
It seemed to work OK, so I set myself a goal of paying $20,000 off
my mortgage with selling items on
EBAY.
|
|
First off I did an inventory of all the things that we no longer
needed and I put them all in the garage and took photos of them with
my digital camera. Then I started listing them on
EBAY...
|
|
So far the Progress at:
1 August 2005 is: $970
paid off
24 October 2005: $1,874 paid off
16 March 2006: $2678 paid off
23 October 2006: $4403 paid off |
|
There are several advantages here: 1) I am reducing my mortgage 2) I
am learning the ins and outs of how eBay works, so I can move toward
doing business on this format later, and 3) I am regaining mountains
of space in my house.
|
|
For anyone interested in selling or buying stuff on
Ebay
it is an interesting, well maybe a little addictive, thing.
Not only can you make some significant money by selling things, you
can also save heaps on second hand and new products. I have bought a
few things and generally you save about 30-40% off the regular retail
price.
|
|
Check out
Ebay here.
|
