Creation of little capitalists...  

wombat_ 49M
128 posts
1/7/2006 2:22 pm

Last Read:
3/5/2006 9:27 pm

Creation of little capitalists...

I had just hired a trailer to move some equipment from one office to another when I drove past someone "dumping" a boat and trailer on the side of the road with a sign "take for free". I dropped off the trailer and picked up the boat. It was a disaster. Although I was able to use the anchor for my other boat the rest was destined for the tip.

However, I decided to put it up on eBay and described it as a "disaster" and "in need of lots of work". I ended up selling it for $220 and when they came to collect I'd even left the "take for free" sign which I scrambled to remove before they saw it.

What this did though was introduce my 6 and 9 year old kids to eBay. They found the whole experience very amusing. So they started asking me to put up things they didn't want anymore and convinced their mother that they keep anything they make.

So now my ex (their mother) has listed over 30 items for them; old clothes, toys, gadgets etc. The boys spend their time cleaning them, taking the pic and searching the Internet for "official information" on each item. After 6 weeks they have sold over $1200 worth of old "junk" that was destined to 50c sales at a garage sale.

I am impressed that they now have ventured to reduce the clutter in their room and about 3 shelves in the garage storage area but they have this passion for eBay which has lead them to wanting to keep all their Xmas toy boxes and stuff "just in case they want to sell them later they have the original box and packaging".

On a trip to the US ages ago I found each of them small "Harley Davidson" jackets which they have now both grown out of. But they were really cute. The smaller one (suitable for a 2-3 year old" is dressed on a small statue in my house. The older one sold his jacket on eBay for $90 and now the younger one every time he comes over is trying to take "his" jacket off the statue to sell. He even said..."if you want dad you can bid for it on eBay or give me $90 now".

Oh no....Ive started an eBay obsession and am breeding two little capitalists!


caressmewell 53F

1/7/2006 4:39 pm

LMAO - This could pay for college.


rm_MustangD6644 52M
1031 posts
1/7/2006 9:40 pm

Wombat just wait until they learn about real estate. Might be a good time to introduce them to finance for kids. An enthusiasm like that should be nurtured constructively for their long term benefit. Too many kids grow up knowing only how to spend money, not earn it or more importantly save it.

Case in point, my cousin has two daughters, one of whom is a real "buy me" type, and the other is "the banker" like her father. "The banker" even lends her mother money with interest, and the father was shocked to learn that the interest rate was higher than the short term money market rate on pay day. Talk about a contrast in siblings.

Mustang


frangipanigal 45F
10406 posts
1/8/2006 3:54 am

Since you introduced them to this money making scheme, does that mean you get off lightly on pocket money now??hehe!!

Frangi xx


wombat_ 49M

1/8/2006 2:41 pm

Mustang....the kids have enough to deal with I reckon. Although, having said that they have worked together and combined their trust account amounts as they realised they getter a better interest rate with a combined amount being over a certain threshhold. I suspect however the older one drove that decision and the younger just agreed in blind trust of his loving brother!!


wombat_ 49M

1/8/2006 2:48 pm

Frangi...thats a great idea! Although they have to work for their pocket money so the offset may just create more work for me. They each have their daily "jobs" to do for their pocket money. They are not hard...like unpacking dishwasher in the morning, opening/closing their blinds, making beds, setting table etc.

Ive also just noticed a few of MY things now up on eBay. Ok...sort of mine...I left them their after seperating from the ex. She had the garage with storage...I had a car in search of a hotel for a while. So my old set of golf clubs, boogie board, surf board and tent appear to be surplus to THEIR needs - wonder if the kids will give me that money!!! hehehehe


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