You and I have a lot of stuff in the garage, in closets, and for RVers, in the storage bays and cabinets. Stuff we do not need. Stuff just taking up space. And in some cases stuff that can be sold. Even a car, tools, furniture etc.
Do you know that most stuff depreciates? Of course you do. Do you know why you keep the stuff? One of two reasons, mostly.
1) “I may need it some day.” Really? So, when was the last time you needed it? What new purchase surpassed it’s worthiness and worth?
2) “Nobody will pay what it is worth.” Let me tell you a secret, but keep it quiet please. Just between you and I. Today nothing is worth a penny more than some one will pay for it today. Very few things appreciate. Especially your prized, used and dusty junk.
This is what I call “Pride of Ownership”, or “I paid $100 for it five years ago. It must be worth $110 today. Or at least $100.” That is a (false) Pride of Ownership. I have coined a couple of acronyms for that attitude.
The first is POOP – Pride Of Owning Property. The other is COOL – Cost Of Owning Lots.
To summarize, the short story is: No POOP is COOL! So deal with it.
I realized this phenom while on a glacier sightseeing flight in Alaska. A fellow from Japan that shared the airplane, had an expensive camera, using it to take a zillion pictures. An expensive camera. Asked about the camera, he replied that he “…bought it on Ebay just for this trip, and I am going to sell it on Ebay as soon as I get home.” So he had the use of a top notch digital camera for his extensive vacation to the U.S. for pennies or dimes on the dollar. He probably used a simple snap-shooter after returning home.
I at that moment had a flashback. My very good non-digital 35mm camera with multiple lenses and other equipment, bought specifically for a picture safari in Africa, now sits gathering dust in the bottom of a closet, rather worthless due to the digital revolution. I embraced the digital revolution when it was expensive a year later and abandoned the film camera. Of course it was still worth considerable cash. I turned that cash into POOP.
Want another example? Item: A used Macintosh computer while it was still in vogue. Asked price: $750. Offered: $700. Where is it now? That was the only offer I got. It is sitting in my closet, beside a much newer and just as useless later generation Mac. More POOP.
Hey, I am good at coining acronyms, not so good at implementing them! My house and garage is full of POOP. But you can do better. Just remember:
POOP is not COOL!