Latest / Making Cents / Make Money And Save Money Through The Secondhand Market
Transcript
- 0:02Hey
- 0:02team,
- 0:03it's
- 0:03Francis.
- 0:04When
- 0:04you're
- 0:04trying
- 0:04to
- 0:04live
- 0:05the
- 0:05good
- 0:05life
- 0:05for
- 0:05less,
- 0:06a
- 0:06great
- 0:06hack
- 0:07is
- 0:07making
- 0:07full
- 0:08use
- 0:08of
- 0:08the
- 0:08second
- 0:08hand
- 0:09economy.
- 0:09It
- 0:10can
- 0:10help
- 0:10you
- 0:10both
- 0:11earn
- 0:11more
- 0:11and
- 0:12save
- 0:12more.
- 0:13The
- 0:13average
- 0:13New
- 0:13Zealander
- 0:14has
- 0:14thirteen
- 0:15hundred
- 0:15dollars
- 0:16worth
- 0:16of
- 0:16stuff
- 0:17just
- 0:18sitting
- 0:18around
- 0:18their
- 0:19house
- 0:19that
- 0:19they'd
- 0:19be
- 0:20happy
- 0:20to
- 0:20part
- 0:20with.
- 0:21So
- 0:21who
- 0:22wouldn't
- 0:22want
- 0:22that
- 0:22turned
- 0:23back
- 0:23into
- 0:23cash?
- 0:24I
- 0:24talked
- 0:24to
- 0:25TV
- 0:25and
- 0:25Z
- 0:25Breakfast
- 0:26about
- 0:26being
- 0:26smarter
- 0:27through
- 0:27the
- 0:27world
- 0:27of
- 0:27second
- 0:28hand.
- 0:28They
- 0:29kindly
- 0:29said
- 0:29I
- 0:29could
- 0:30replay
- 0:30that
- 0:30here,
- 0:30so,
- 0:31so
- 0:31enjoy.
- 0:37It's
- 0:38often
- 0:38said
- 0:38that
- 0:38one
- 0:38person's
- 0:39trash
- 0:39is
- 0:39another
- 0:40person's
- 0:40treasure.
- 0:41That's
- 0:41why
- 0:41it
- 0:41might
- 0:42be
- 0:42time
- 0:42to
- 0:42utilise
- 0:43the
- 0:43second
- 0:43hand
- 0:43market,
- 0:44especially
- 0:44when
- 0:44so
- 0:45many
- 0:45are
- 0:45feeling
- 0:45the
- 0:45pinch.
- 0:46But
- 0:46how
- 0:46do
- 0:46you
- 0:47get
- 0:47started
- 0:47and
- 0:47can
- 0:47you
- 0:48actually
- 0:48save
- 0:49or
- 0:49make
- 0:49money
- 0:50for
- 0:50more?
- 0:50We
- 0:50are
- 0:50joined
- 0:51by
- 0:51independent
- 0:51financial
- 0:52journalist
- 0:52friend
- 0:53of
- 0:53the
- 0:53show,
- 0:53Francis
- 0:53Cook.
- 0:54Good
- 0:54morning,
- 0:54Francis.
- 0:55All
- 0:55right,
- 0:56let's
- 0:56talk
- 0:56about
- 0:57why
- 0:57it's
- 0:58such
- 0:58an
- 0:58underrated
- 0:58tool,
- 0:59the
- 0:59secondhand
- 0:59market.
- 1:00I
- 1:00know
- 1:00I
- 1:01love
- 1:01going
- 1:01secondhand.
- 1:02I've
- 1:02used
- 1:02secondhand
- 1:03for
- 1:03years
- 1:03now,
- 1:04whether
- 1:04it's
- 1:04buying
- 1:04or
- 1:05selling.
- 1:05And
- 1:05I
- 1:05think
- 1:05it
- 1:05is
- 1:06such
- 1:06a
- 1:06life
- 1:07hack
- 1:07because
- 1:07I
- 1:08get
- 1:08people
- 1:08asking
- 1:08me
- 1:08for
- 1:09budgeting
- 1:09tips
- 1:10all
- 1:10the
- 1:10time
- 1:11and
- 1:11they'll
- 1:11say
- 1:12things
- 1:12like,
- 1:12oh,
- 1:12but
- 1:12how
- 1:13do
- 1:13you
- 1:13choose
- 1:13between
- 1:14quality
- 1:15and
- 1:15price?
- 1:16And
- 1:16I'm
- 1:16always
- 1:16just
- 1:17like
- 1:17secondhand.
- 1:18That's
- 1:18exactly
- 1:18where
- 1:19you
- 1:19find
- 1:19both
- 1:20because
- 1:21they've
- 1:21got
- 1:21some
- 1:21figures.
- 1:22Globally,
- 1:22when
- 1:23you're
- 1:23looking
- 1:23at
- 1:24things
- 1:24like
- 1:24electronics,
- 1:24you
- 1:25can
- 1:25be
- 1:25getting
- 1:25them
- 1:25about
- 1:25half
- 1:26off.
- 1:26If
- 1:26you're
- 1:26looking
- 1:26at
- 1:27things
- 1:27like
- 1:27furniture,
- 1:28it
- 1:28can
- 1:28be
- 1:28up
- 1:28to
- 1:2880%
- 1:29off.
- 1:30And
- 1:30often
- 1:30when
- 1:31we
- 1:31look
- 1:31around
- 1:31our
- 1:31houses,
- 1:32we've
- 1:32got
- 1:32all
- 1:32this
- 1:33stuff
- 1:33that
- 1:33we
- 1:34don't
- 1:34use,
- 1:34don't
- 1:34need,
- 1:35don't
- 1:35want.
- 1:35It's
- 1:35just
- 1:36clutter
- 1:36in
- 1:36our
- 1:37homes.
- 1:37Meanwhile,
- 1:38if
- 1:38we're
- 1:38trying
- 1:38to
- 1:38get
- 1:39something,
- 1:39if
- 1:39you
- 1:40just
- 1:40have
- 1:40a
- 1:40little
- 1:40peruse
- 1:41of
- 1:41Facebook,
- 1:42Marketplace
- 1:42or
- 1:43trade
- 1:43me
- 1:43first,
- 1:44it's
- 1:44amazing
- 1:45what
- 1:45you
- 1:45can
- 1:45find.
- 1:46My
- 1:47garage
- 1:47is
- 1:47like
- 1:47the
- 1:48outbox
- 1:48at
- 1:48the
- 1:48moment.
- 1:49There
- 1:49are
- 1:49several
- 1:49things
- 1:50that
- 1:50I
- 1:50am
- 1:50willing
- 1:51to
- 1:51get
- 1:52rid
- 1:52of,
- 1:52but
- 1:53they're
- 1:53just
- 1:53sitting
- 1:53in
- 1:53the
- 1:53garage
- 1:54cluttering
- 1:54up
- 1:54the
- 1:54space.
- 1:55If
- 1:55you
- 1:55went
- 1:55and
- 1:55did
- 1:56a
- 1:56bit
- 1:56of
- 1:56a
- 1:56stock
- 1:56take
- 1:56around
- 1:57your
- 1:57house,
- 1:57how
- 1:57much
- 1:58actually
- 1:58do
- 1:58you
- 1:58think
- 1:58you
- 1:59could
- 1:59make
- 1:59if
- 1:59you
- 2:00looked
- 2:00at
- 2:00all
- 2:00the
- 2:00things
- 2:01that
- 2:01were
- 2:01either
- 2:01cluttered
- 2:02or
- 2:02you
- 2:02didn't
- 2:02need
- 2:02or
- 2:03you
- 2:03should
- 2:03be
- 2:03getting
- 2:03rid
- 2:03of.
- 2:04Yeah,
- 2:04well,
- 2:04trade
- 2:05me
- 2:05actually
- 2:05put
- 2:05out
- 2:06a
- 2:06report
- 2:06this
- 2:06year,
- 2:07so
- 2:07fresh,
- 2:08hot
- 2:08stacks
- 2:09for
- 2:09you.
- 2:09Apparently
- 2:10the
- 2:10average
- 2:10New
- 2:11Zealander
- 2:11has
- 2:1219
- 2:12things
- 2:13that
- 2:13we'll
- 2:13be
- 2:13very
- 2:14happy
- 2:14to
- 2:14part
- 2:14with.
- 2:15Don't
- 2:15use,
- 2:15don't
- 2:15want.
- 2:16And
- 2:16we
- 2:16could
- 2:17make
- 2:17about
- 2:17$1,300
- 2:18which.
- 2:18Oh,
- 2:19that's
- 2:19pretty
- 2:19good.
- 2:19All
- 2:19of
- 2:19us
- 2:20would
- 2:20quite
- 2:20like
- 2:20that.
- 2:20Yeah.
- 2:21And
- 2:22is
- 2:22that
- 2:22including
- 2:22things
- 2:23that
- 2:23the
- 2:23kids
- 2:24don't
- 2:24want
- 2:24either
- 2:24or
- 2:24do
- 2:25you
- 2:25not
- 2:25like
- 2:25selling
- 2:25stuff?
- 2:26Ye
- 2:27have
- 2:27a
- 2:28little
- 2:28think
- 2:28about
- 2:28what
- 2:28you've
- 2:29got.
- 2:29You've
- 2:30got
- 2:30kids,
- 2:31they're
- 2:31constantly
- 2:32going
- 2:32through
- 2:32stages
- 2:33with
- 2:33things
- 2:33that
- 2:33they
- 2:33need.
- 2:34Now
- 2:34they
- 2:34don't
- 2:34anymore.
- 2:35Then
- 2:35they've
- 2:35grown
- 2:35and
- 2:36it's
- 2:36all
- 2:36still
- 2:37good
- 2:37stuff,
- 2:38particularly
- 2:38if
- 2:39they
- 2:39have
- 2:39hobbies,
- 2:40sports
- 2:40equipment.
- 2:41You
- 2:41dropped
- 2:42probably
- 2:42a
- 2:42pretty
- 2:42penny
- 2:43getting
- 2:43hold
- 2:43of
- 2:43that.
- 2:44So
- 2:44get
- 2:44some
- 2:44of
- 2:45that
- 2:45money
- 2:45back,
- 2:45get
- 2:46rid
- 2:46of
- 2:46it.
- 2:46They
- 2:46don't
- 2:47really
- 2:47need
- 2:47their
- 2:47bikes,
- 2:47do
- 2:48they?
- 2:48I
- 2:48mean,
- 2:48let's
- 2:48be
- 2:48honest,
- 2:49they
- 2:50can
- 2:50walk
- 2:50instead.
- 2:51What
- 2:51about
- 2:51actually
- 2:52finding
- 2:52the
- 2:52bargains
- 2:53when
- 2:53you're
- 2:53trying
- 2:53to
- 2:54buy
- 2:54stuff,
- 2:54where
- 2:55are
- 2:55the
- 2:55biggest
- 2:55savings?
- 2:56You
- 2:56mentioned
- 2:56furniture.
- 2:57That's
- 2:57obviously
- 2:57a
- 2:57really
- 2:58good
- 2:58one.
- 2:59What
- 2:59other
- 2:59sort
- 3:00of
- 3:00tips
- 3:00and
- 3:00tricks
- 3:00can
- 3:00you
- 3:00give
- 3:01people
- 3:01for
- 3:02looking
- 3:02to
- 3:02buy?
- 3:03Yeah,
- 3:03one
- 3:03of
- 3:04my
- 3:04best
- 3:05finds
- 3:05for
- 3:06myself
- 3:06was
- 3:07I
- 3:07got
- 3:07an
- 3:07entertainment
- 3:08unit
- 3:08a
- 3:09little
- 3:09while
- 3:09ago,
- 3:09spent
- 3:10100
- 3:10bucks
- 3:10on
- 3:11it
- 3:11and
- 3:11it
- 3:11was
- 3:11lovely.
- 3:12It
- 3:12was
- 3:12like
- 3:13designer
- 3:13furniture
- 3:14and
- 3:14I
- 3:14googled
- 3:15it.
- 3:15It
- 3:15turned
- 3:15out
- 3:15it
- 3:16was
- 3:16$2,000
- 3:17originally
- 3:17and
- 3:18it
- 3:18was
- 3:18from
- 3:18some
- 3:19obviously
- 3:19I
- 3:20won't
- 3:20say
- 3:20the
- 3:20name,
- 3:20but
- 3:21it
- 3:21was
- 3:21some
- 3:22CEO,
- 3:22fancy
- 3:23CEO
- 3:23had
- 3:24listed
- 3:24it,
- 3:24just
- 3:24wanted
- 3:24to
- 3:24declutter.
- 3:25This
- 3:25meant
- 3:25nothing
- 3:25to
- 3:26him.
- 3:26Meanwhile,
- 3:26I'm
- 3:27stoked
- 3:27on
- 3:27a
- 3:28bargain.
- 3:28So
- 3:28that
- 3:29was
- 3:29one
- 3:29of
- 3:29my
- 3:29best
- 3:29find.
- 3:31But
- 3:31yeah,
- 3:31if
- 3:31you're
- 3:32looking
- 3:32to
- 3:32get
- 3:32something
- 3:33good,
- 3:33especially
- 3:33if
- 3:34you're
- 3:34looking
- 3:34to
- 3:34get
- 3:34something
- 3:35that's
- 3:35you're
- 3:35going
- 3:36to
- 3:36use
- 3:36it
- 3:36a
- 3:36lot,
- 3:36you
- 3:37want
- 3:37it
- 3:37to
- 3:37be
- 3:37good
- 3:37quality,
- 3:38you
- 3:38can
- 3:38really,
- 3:39really
- 3:39get
- 3:39some
- 3:39stuff
- 3:40often
- 3:41brand
- 3:41new
- 3:42and
- 3:42totally
- 3:42unused,
- 3:43sometimes
- 3:43still
- 3:43the
- 3:43box,
- 3:44sometimes
- 3:44still
- 3:44the
- 3:44tags
- 3:45on,
- 3:45especially
- 3:45women's
- 3:46clothes.
- 3:46We
- 3:46all
- 3:47know
- 3:47that
- 3:47shopaholic
- 3:48friend.
- 3:49So
- 3:49I
- 3:49think
- 3:50you
- 3:50do
- 3:50want
- 3:51to
- 3:51know
- 3:51a
- 3:51little
- 3:51bit
- 3:51which
- 3:52outlets
- 3:52are
- 3:52the
- 3:53best.
- 3:53Trade
- 3:53me
- 3:54is
- 3:54often
- 3:54better
- 3:54for
- 3:55if
- 3:55you're
- 3:55doing
- 3:55something
- 3:56that's
- 3:56a
- 3:56bit
- 3:56more
- 3:56expensive,
- 3:57they
- 3:58have
- 3:58more
- 3:58verification
- 3:59for
- 3:59users,
- 4:00a
- 4:00few
- 4:00more
- 4:00safety
- 4:01mechanism
- 4:02in
- 4:02terms
- 4:02of
- 4:03your
- 4:03payments.
- 4:04Facebook
- 4:04marketplace
- 4:05is
- 4:05a
- 4:06little
- 4:06bit
- 4:06more
- 4:06of
- 4:06a
- 4:06wild
- 4:06west,
- 4:07but
- 4:07really
- 4:07great
- 4:08for
- 4:08finding
- 4:08people
- 4:08in
- 4:08your
- 4:09local
- 4:09area.
- 4:11So
- 4:11that
- 4:11can
- 4:12be
- 4:12helpful
- 4:12in
- 4:12terms
- 4:12of
- 4:13getting
- 4:13rid
- 4:13of
- 4:13things
- 4:14quickly.
- 4:14I
- 4:15once
- 4:15listed
- 4:16a
- 4:16spare
- 4:17bedroom
- 4:17bed
- 4:17and
- 4:17it
- 4:17was
- 4:18gone
- 4:18by
- 4:18that
- 4:18afternoon.
- 4:19So
- 4:19that
- 4:20was
- 4:20a
- 4:20very
- 4:20fast
- 4:20turnaround.
- 4:22And
- 4:23then
- 4:23you've
- 4:23got
- 4:23your
- 4:23sort
- 4:24of
- 4:24specialty
- 4:25outlets.
- 4:26You
- 4:26know,
- 4:26things
- 4:26like
- 4:26clothing
- 4:27can
- 4:27be
- 4:27a
- 4:28really
- 4:28highly
- 4:28saturated
- 4:30marketplace,
- 4:31but
- 4:31if
- 4:31you
- 4:31go
- 4:32to
- 4:32places
- 4:32like
- 4:33designer
- 4:33wardrobe,
- 4:34those
- 4:34are
- 4:34those
- 4:34specialty
- 4:35Resellers
- 4:36where
- 4:36you're
- 4:36looking
- 4:37for
- 4:38good
- 4:38quality
- 4:38items
- 4:39and
- 4:39you
- 4:39find
- 4:39people
- 4:40who
- 4:40are
- 4:40super
- 4:40dedicated
- 4:41to
- 4:41the
- 4:41art
- 4:41of
- 4:41thrifting
- 4:42there.
- 4:42And
- 4:43so
- 4:43if
- 4:43you've
- 4:43got
- 4:44something
- 4:44that's
- 4:44like
- 4:44a
- 4:44bit
- 4:44more
- 4:45specialized,
- 4:45also
- 4:46wedding
- 4:46dresses
- 4:47have
- 4:47specialty
- 4:47outlets
- 4:48that
- 4:49can
- 4:49be
- 4:49the
- 4:49place
- 4:49to
- 4:49find
- 4:50your
- 4:50ideal
- 4:50customer
- 4:51there.
- 4:51And
- 4:51so
- 4:51get
- 4:51a
- 4:51little
- 4:52bit
- 4:52more
- 4:52of
- 4:52a
- 4:52marriage
- 4:53up
- 4:53on
- 4:53a
- 4:53good
- 4:54price.
- 4:54I
- 4:55mean,
- 4:55I
- 4:55joking
- 4:56about
- 4:56the
- 4:56bikes
- 4:56before,
- 4:56but
- 4:57actually
- 4:57we've
- 4:57bought
- 4:58bikes
- 4:58for
- 4:58our
- 4:58kids,
- 4:59secondhand
- 4:59bikes
- 5:00because
- 5:00they're
- 5:00growing
- 5:01so
- 5:01fast
- 5:01and
- 5:01when
- 5:02you
- 5:03they
- 5:03often
- 5:03will
- 5:04only
- 5:04use
- 5:04it
- 5:04for
- 5:05less
- 5:06than
- 5:06a
- 5:06year.
- 5:06Right.
- 5:06And
- 5:06then
- 5:06they're
- 5:07moving
- 5:07up
- 5:07to
- 5:07a
- 5:07bigger
- 5:07bike
- 5:08anyway.
- 5:08How
- 5:08important
- 5:09is
- 5:09it
- 5:09actually
- 5:09that
- 5:09you
- 5:10get
- 5:10your
- 5:10kids
- 5:10involved
- 5:11and
- 5:11used
- 5:12to
- 5:12the
- 5:12idea
- 5:12that
- 5:12actually
- 5:13getting
- 5:13a
- 5:13secondhand
- 5:14bike
- 5:14that's
- 5:14in
- 5:15perfectly
- 5:15good
- 5:15condition
- 5:16is
- 5:16okay?
- 5:17I
- 5:18know,
- 5:18it's
- 5:18funny,
- 5:18isn't
- 5:19it?
- 5:19Especially
- 5:19when
- 5:19they're
- 5:19growing
- 5:20so
- 5:20fast.
- 5:21My
- 5:21Lord,
- 5:21those
- 5:21kids,
- 5:22they
- 5:22will
- 5:22cost
- 5:22you
- 5:23in
- 5:23food
- 5:23and
- 5:23stuff.
- 5:24And
- 5:24could
- 5:24they
- 5:24just
- 5:24stop
- 5:25growing,
- 5:25please?
- 5:25Exactly.
- 5:27Yeah.
- 5:28I
- 5:28think
- 5:28part
- 5:28of
- 5:28it
- 5:29is
- 5:29just
- 5:29creating
- 5:30that
- 5:30expectation
- 5:31from
- 5:31the
- 5:31get
- 5:31go.
- 5:32Kids
- 5:32will
- 5:32often
- 5:33follow
- 5:33what
- 5:33they
- 5:34see.
- 5:34See
- 5:34you
- 5:34do
- 5:35not
- 5:35so
- 5:35much
- 5:36what
- 5:36you
- 5:36talk
- 5:36to
- 5:36them
- 5:36about.
- 5:36So
- 5:37if
- 5:37you're
- 5:37buying
- 5:37secondhand
- 5:38and
- 5:38you
- 5:38show
- 5:38them
- 5:39how
- 5:39you
- 5:39do
- 5:39it
- 5:39and
- 5:40you
- 5:40make
- 5:40it
- 5:40almost
- 5:40a
- 5:41fun
- 5:41game
- 5:42to
- 5:42hunt
- 5:42out
- 5:43things
- 5:43together
- 5:43and
- 5:44you
- 5:44talk
- 5:44to
- 5:44them
- 5:45about
- 5:45how
- 5:45you're
- 5:46sort
- 5:46of
- 5:46cheating
- 5:46the
- 5:47system
- 5:47and
- 5:47look,
- 5:47we
- 5:48can
- 5:48get
- 5:48such
- 5:48a
- 5:48bargain,
- 5:49they'll
- 5:49often
- 5:49find
- 5:49it
- 5:50quite
- 5:50fun,
- 5:50at
- 5:51least
- 5:51in
- 5:51those
- 5:51like
- 5:51earlier
- 5:52years
- 5:52when
- 5:52they're
- 5:52a
- 5:53bit
- 5:53more
- 5:53malleable,
- 5:54when
- 5:54it's
- 5:54just
- 5:54daily
- 5:55life
- 5:56that's
- 5:57a
- 5:57bit
- 5:58easier,
- 5:58when
- 5:58it's
- 5:58just
- 5:58normal
- 5:59to
- 5:59them,
- 5:59tougher.
- 5:59When
- 6:00kids
- 6:00are
- 6:00teenagers,
- 6:01I
- 6:01think
- 6:01then
- 6:01you're
- 6:01sort
- 6:02of
- 6:02hoping
- 6:02that
- 6:02maybe
- 6:02social
- 6:03media
- 6:03will
- 6:03put
- 6:03something
- 6:04in
- 6:04front
- 6:04of
- 6:04them
- 6:04that
- 6:04says
- 6:05secondhand
- 6:05is
- 6:05great,
- 6:06but
- 6:06when
- 6:06they're
- 6:06younger
- 6:07it's
- 6:07brilliant.
- 6:08And
- 6:08I
- 6:08did
- 6:08this
- 6:08all
- 6:08the
- 6:09time
- 6:09for
- 6:09my
- 6:09kids.
- 6:10One
- 6:10of
- 6:10my
- 6:10best
- 6:11hacks
- 6:11for
- 6:11the
- 6:11kids
- 6:11is
- 6:11you
- 6:12just
- 6:12look
- 6:12up
- 6:12bulk
- 6:13lots
- 6:14of
- 6:14whatever
- 6:15age
- 6:15your
- 6:15kid
- 6:15is.
- 6:16So
- 6:16bulk
- 6:16lot
- 6:172
- 6:17year
- 6:17old
- 6:17boy
- 6:18and
- 6:18this
- 6:18entire
- 6:19wardrobe
- 6:20arrives.
- 6:21So
- 6:21you're
- 6:21not
- 6:22only
- 6:23saving
- 6:23money,
- 6:23but
- 6:24you're
- 6:24saving
- 6:25so
- 6:25much
- 6:26brain
- 6:26power
- 6:26here
- 6:27because
- 6:27all
- 6:27of
- 6:27a
- 6:27sudden
- 6:28pants
- 6:28and
- 6:28tops
- 6:29and
- 6:29jackets
- 6:29all
- 6:30just
- 6:30turned
- 6:30up
- 6:30in
- 6:30one
- 6:31big
- 6:31package
- 6:32for
- 6:32$20.
- 6:33It's
- 6:33incredible.
- 6:34I'm
- 6:34with
- 6:34you.
- 6:34Francis
- 6:35Cook,
- 6:35always
- 6:35a
- 6:35pleasure.
- 6:36Thank
- 6:36you
- 6:36so
- 6:36much.
- 6:36Some
- 6:37great
- 6:37adv
- 6:37it.
- 6:39This
- 6:39podcast
- 6:40can
- 6:40only
- 6:40give
- 6:40you
- 6:40general
- 6:41information
- 6:41about
- 6:42how
- 6:42things
- 6:42work
- 6:43in
- 6:43most
- 6:43situations.
- 6:44It's
- 6:45not
- 6:45individual
- 6:45financial
- 6:46advice.
- 6:46If
- 6:47you're
- 6:47after
- 6:47that
- 6:48a
- 6:48financial
- 6:48advisor
- 6:49is
- 6:49always
- 6:49the
- 6:50best
- 6:50bet.