Latest / Two Broke Chicks / The Rich In Life Formula To Simplify Your Wardrobe

Transcript

The Rich In Life Formula To Simplify Your Wardrobe · Two Broke Chicks

• 0:00
  Speaker 1: Chicks, can we talk about the amount of money that's
• 0:02
  Speaker 1: sitting in your wardrobes right now?
• 0:04
  Speaker 2: Literally.
• 0:04
  Speaker 1: With every clean out, I bet you can find so
• 0:07
  Speaker 1: many great pieces that you will never wear again. Instead
• 0:10
  Speaker 1: of letting them just hang there, why not sell them
• 0:12
  Speaker 1: on eBay and make way for things you love?
• 0:14
  Speaker 3: Especially because it's now free to sell for everyday sellers
• 0:18
  Speaker 3: like us.
• 0:18
  Speaker 1: Plus, listing super fast with their new in-app listing feature.
• 0:22
  Speaker 1: Take a few snaps of what you want to list
• 0:24
  Speaker 1: and eBay will help with the rest.
• 0:26
  Speaker 2: It means listing's less effort than you think. So why
• 0:29
  Speaker 2: not start? You could turn your pre-love fashion into extra cash.
• 0:33
  Speaker 3: No transaction fees on sales below $ 25, 000 annually.
• 0:37
  Speaker 2: Free selling is not.
• 0:38
  Speaker 4: Available to pro sellers.
• 0:39
  Speaker 3: AI listing tools may not be available for some categories,
• 0:42
  Speaker 3: including parts and accessories.
• 0:44
  Speaker 4: See full terms on ebay.com.au. This podcast is recorded on
• 0:50
  Speaker 4: Gadigal land.
• 0:51
  Speaker 3: Always was, always will be Aboriginal land.
• 0:58
  Speaker 4: Hey chicks, I'm Elle.
• 0:59
  Speaker 2: And I'm Sal.
• 1:00
  Speaker 3: And this is Two Broke Chicks, the show that shares
• 1:02
  Speaker 3: life lessons and tips to.
• 1:03
  Speaker 4: Help make you rich in life.
• 1:05
  Speaker 3: And welcome back to a fun little bonus episode. Bonus.
• 1:10
  Speaker 2: Bonus.
• 1:11
  Speaker 3: Today we are talking the rich in life formula to
• 1:13
  Speaker 3: simplify your wardrobe. So this is a special bonus episode
• 1:18
  Speaker 3: in partnership with eBay on the soft habits that can
• 1:22
  Speaker 3: help you make some extra money because being rich in
• 1:25
  Speaker 3: life should be accessible to everyone and And you can
• 1:29
  Speaker 3: start in your very own home with the items.
• 1:31
  Speaker 4: You already own.
• 1:32
  Speaker 2: Yeah, we love that. Exactly.
• 1:35
  Speaker 4: And who doesn't love a refresh, a declutter?
• 1:38
  Speaker 2: Especially spring.
• 1:39
  Speaker 4: A spring clean.
• 1:40
  Speaker 2: It's the perfect time for a spring clean.
• 1:42
  Speaker 3: Exactly.
• 1:42
  Speaker 4: So let's get straight into it.
• 1:44
  Speaker 1: Okay.
• 1:45
  Speaker 2: So part one, how.
• 1:46
  Speaker 1: A simplified wardrobe makes you rich in life. We've just
• 1:50
  Speaker 1: come back from Europe a couple of weeks ago.
• 1:53
  Speaker 2: And before we left, we were talking about our packing process.
• 1:57
  Speaker 1: And as two serial overpackers, we were kind of talking
• 2:01
  Speaker 1: about how if we aren't bothered getting that dress out
• 2:03
  Speaker 1: of the wardrobe, the chances are we won't wear it.
• 2:07
  Speaker 1: Like I think a lot of us will pack random
• 2:09
  Speaker 1: extra items on a trip, right? Just because you're like, oh,
• 2:11
  Speaker 1: I feel like I might need it. But if you
• 2:13
  Speaker 1: couldn't be bothered grabbing it, you're not going to wear it.
• 2:15
  Speaker 2: So when your clothes.
• 2:17
  Speaker 1: Shoes, accessories, and other items aren't aligning with your style
• 2:21
  Speaker 1: anymore and you're just not reaching for them, what do
• 2:23
  Speaker 1: you do? Firstly, it's probably worth a reminder that before
• 2:27
  Speaker 1: something goes in the discard pile, those items that aren't
• 2:31
  Speaker 1: your style anymore, it might just be somebody's new favorite find.
• 2:35
  Speaker 4: So we decided to put it in like a formula.
• 2:39
  Speaker 3: Time plus organization plus freedom equals rich in life. AKA
• 2:45
  Speaker 3: selling pre-loved items online can be a great way to
• 2:47
  Speaker 3: action this formula. And obviously a great platform to use
• 2:52
  Speaker 3: when parting with pre-loved items, whether it's clothes, shoes, household appliances, furniture.
• 2:56
  Speaker 4: Or books is eBay.
• 2:58
  Speaker 3: So eBay survey research found that one in three people
• 3:02
  Speaker 3: in Australia say that seller fees have deterred them from
• 3:05
  Speaker 3: listing items online. While 80% of us have unused items
• 3:09
  Speaker 3: at home that we could be selling.
• 3:12
  Speaker 4: 80%.
• 3:14
  Speaker 3: So let's lay out the numbers. The average household in
• 3:17
  Speaker 3: Australia is sitting on around 15 sellable items. Whoa. You
• 3:22
  Speaker 3: could make almost $ 1, 500 just by selling things around the
• 3:28
  Speaker 3: house that you no longer use. And like how good
• 3:32
  Speaker 3: would that be back in your bank account? Across the country,
• 3:36
  Speaker 3: that could add up to as much as.
• 3:38
  Speaker 4: $ 32 billion in untapped value.
• 3:43
  Speaker 2: It's a lot of moolah.
• 3:44
  Speaker 4: That is enough to get me off my ass and
• 3:46
  Speaker 4: onto eBay.
• 3:47
  Speaker 3: I'm not going to lie.
• 3:48
  Speaker 4: Yeah, seriously.
• 3:49
  Speaker 2: Yeah, that figure alone.
• 3:51
  Speaker 1: And taking transaction fees out of the equation removes one
• 3:54
  Speaker 1: of those biggest barriers to selling that you mentioned before.
• 3:57
  Speaker 1: And now eBay has free selling and no transaction fees
• 4:00
  Speaker 1: on sales below $ 25, 000 annually. And there's also a new
• 4:05
  Speaker 1: in-app listing tool that's designed to make listing faster and
• 4:09
  Speaker 1: You just take a few pictures of what you want
• 4:10
  Speaker 1: to list and then the app does a lot of
• 4:13
  Speaker 1: the heavy lifting for you. Then you just go through,
• 4:15
  Speaker 1: review the information, make any changes that you want to
• 4:17
  Speaker 1: and voila, you're ready to go.
• 4:19
  Speaker 3: So let's chat about some of the pre-loved items around
• 4:22
  Speaker 3: your home that can bring you some extra value and
• 4:25
  Speaker 3: someone else's whole.
• 4:27
  Speaker 4: Lot of joy. So pre-loved.
• 4:29
  Speaker 3: I pulled together a list, some examples we found from
• 4:32
  Speaker 3: recent sold listings on eBay. Because I think half the
• 4:35
  Speaker 3: thing is you're like, no one.
• 4:36
  Speaker 4: Will want that. Yeah. But people actually do. Yeah.
• 4:41
  Speaker 3: As the saying goes, one man's trash is another man's treasure.
• 4:44
  Speaker 2: Precisely.
• 4:44
  Speaker 3: Or as the Grinch says it, one man's trash is
• 4:47
  Speaker 3: another man's potpourri.
• 4:48
  Speaker 2: What's that? Some kind of soup.
• 4:50
  Speaker 4: You just had to finish.
• 4:51
  Speaker 1: I did.
• 4:52
  Speaker 2: It's okay.
• 4:52
  Speaker 4: Otherwise, you would have been itchy for the.
• 4:54
  Speaker 2: Rest of the day.
• 4:54
  Speaker 1: I know.
• 4:54
  Speaker 2: I would have been in hives.
• 4:55
  Speaker 3: So old digital cameras around– these are all rough estimates,
• 4:59
  Speaker 3: by the way, not Bible. But old digital cameras, roughly $ 280.
• 5:03
  Speaker 1: iPods, $ 190.
• 5:03
  Speaker 4: Nintendo DS Lite, $ 195. I sold mine on eBay.
• 5:05
  Speaker 1: So good.
• 5:05
  Speaker 4: I kind of regret it though. I don't want to
• 5:07
  Speaker 4: buy it back. Buy it back. I'll buy it back
• 5:09
  Speaker 4: on eBay.
• 5:09
  Speaker 3: Okay. Graphing calculators, $ 200. Lego minifigures, $ 120. CD players, $ 120.
• 5:25
  Speaker 4: Dice and air wrap attachments and cases.
• 5:28
  Speaker 3: $ 50 to $ 70. That's also one that it's like you
• 5:31
  Speaker 3: wouldn't realize because there are some Dyson attachments that like.
• 5:34
  Speaker 4: Some people just never use.
• 5:36
  Speaker 3: And also the case, like I don't use the case
• 5:38
  Speaker 3: and I never even thought about selling that. Yeah. You know,
• 5:41
  Speaker 3: old gaming consoles can go between like $ 120 for $ 300.
• 5:46
  Speaker 3: discontinued perfume, like roughly $ 150.
• 5:50
  Speaker 4: To $ 250.
• 5:52
  Speaker 3: Like there's so many things that you don't realize you
• 5:56
  Speaker 3: can get good bang for your buck.
• 5:57
  Speaker 2: Yeah, so true.
• 5:58
  Speaker 1: I'm just thinking like through all of my stuff, like
• 6:01
  Speaker 1: I definitely have an unopened One Direction perfume sitting there,
• 6:05
  Speaker 1: old iPods just like sitting in a drawer, old phones even,
• 6:10
  Speaker 1: so much stuff that's just kind of collecting dust.
• 6:13
  Speaker 3: And rather than looking at it as like, stuff in
• 6:16
  Speaker 3: the junk drawer look at it as revenue exactly.
• 6:20
  Speaker 2: And something that somebody give it to somebody else give
• 6:22
  Speaker 2: it a.
• 6:22
  Speaker 3: New life obviously what something sells for like can vary
• 6:26
  Speaker 3: depending on the exact item model condition and demand so
• 6:29
  Speaker 3: these are just examples but you get the.
• 6:31
  Speaker 1: Idea this isn't just about selling those quality items that
• 6:34
  Speaker 1: you've been sitting on and never buying anything again because
• 6:39
  Speaker 1: we all get the shoppies from time to time don't
• 6:41
  Speaker 1: we I mean, we definitely do.
• 6:43
  Speaker 2: Time to time?
• 6:44
  Speaker 3: Time to time.
• 6:44
  Speaker 2: All the time. What is time? It is flat circle.
• 6:49
  Speaker 1: So if you happen to go from an eBay seller
• 6:51
  Speaker 1: to an eBay buyer, it's always worth keeping an eye
• 6:56
  Speaker 1: out because there are heaps of great finds being bought
• 6:59
  Speaker 1: on eBay like the Coach Tabby shoulder bag, the Alameus dresses,
• 7:04
  Speaker 1: heaps of collectibles like Stranger Things Lego sets.
• 7:07
  Speaker 2: Like you'd never really know what you might find on there.
• 7:10
  Speaker 3: Yeah.
• 7:11
  Speaker 4: So part two, putting it into practice.
• 7:15
  Speaker 3: I know personally I can sometimes struggle with parting with things.
• 7:21
  Speaker 4: And like I definitely have been the person.
• 7:23
  Speaker 3: That's like, oh, but what if I want to wear
• 7:25
  Speaker 3: it to this one magical thing event that doesn't even
• 7:28
  Speaker 3: exist and it could exist. So we've actually kind of
• 7:32
  Speaker 3: put together some tips to follow that. To find items
• 7:35
  Speaker 3: that you do want to part with or to identify
• 7:37
  Speaker 3: maybe what's not serving you anymore, bringing you joy.
• 7:41
  Speaker 2: Yeah.
• 7:42
  Speaker 3: So the would I buy it back test. This might
• 7:45
  Speaker 3: be my new favorite rule. Instead of asking, do I
• 7:50
  Speaker 3: still like this? Ask, if this disappeared from my house today,
• 7:54
  Speaker 3: would I spend money to buy it again?
• 7:57
  Speaker 1: Yeah.
• 7:58
  Speaker 4: Completely changed my perspective.
• 8:00
  Speaker 1: Yeah.
• 8:01
  Speaker 3: Because there's a psychological phenomenon called the endowment effect. Basically,
• 8:05
  Speaker 3: we tend to place a higher value on something simply
• 8:07
  Speaker 3: because it's already ours, which explains why, like, you're currently
• 8:11
  Speaker 3: emotionally attached to a blazer you haven't worn since 2019.
• 8:14
  Speaker 4: Yeah.
• 8:15
  Speaker 3: But there are so many things that have been like, oh, no,
• 8:17
  Speaker 3: I don't want to part with that. But I'm like,
• 8:20
  Speaker 3: but if I lost it, would I buy it again?
• 8:22
  Speaker 3: Would I replace it?
• 8:24
  Speaker 4: And the answer so often is no.
• 8:25
  Speaker 3: I don't know if, you know, that answer would be
• 8:28
  Speaker 3: yes for some of these things. Mentally, you remove ownership
• 8:32
  Speaker 3: from the equation. Would you go in store today and
• 8:34
  Speaker 3: buy it again?
• 8:36
  Speaker 1: No.
• 8:36
  Speaker 4: Potentially an eBay listing.
• 8:39
  Speaker 2: I really like that. Super helpful.
• 8:41
  Speaker 3: My other favorite one is to release yourself from the
• 8:45
  Speaker 3: future you fantasy.
• 8:47
  Speaker 4: Again, guilty. But I am very, kind of like what
• 8:50
  Speaker 4: I was saying, I'll wear this when. I'll need this if.
• 8:54
  Speaker 4: And if you've been waiting years for.
• 8:55
  Speaker 3: Like, an imaginary occasion or to finally do the hobby
• 9:00
  Speaker 3: that you've been saying you're going to do for, like,
• 9:02
  Speaker 3: the last three years, being like, no, I'm.
• 9:03
  Speaker 4: Going to knit.
• 9:04
  Speaker 3: Yeah.
• 9:05
  Speaker 4: I'm going to sew.
• 9:05
  Speaker 1: Yeah.
• 9:06
  Speaker 3: I'm going to read every single book on my bookshelf,
• 9:09
  Speaker 3: whatever it is.
• 9:10
  Speaker 4: Like, this could also be helpful.
• 9:11
  Speaker 3: To make decisions when thinking about buying items off eBay.
• 9:14
  Speaker 4: Because look at the evidence.
• 9:16
  Speaker 3: Like, you know, if you've got seven trainers because you're like, no,
• 9:19
  Speaker 3: I'm going to go run and gym and lift weights
• 9:22
  Speaker 3: and all this stuff and– course you may keep one, but.
• 9:25
  Speaker 4: Do you need three?
• 9:26
  Speaker 3: Like what's the evidence that you have to back you?
• 9:28
  Speaker 3: Are you trying to build a fantasy of the future you?
• 9:32
  Speaker 4: Cause future you is you.
• 9:35
  Speaker 3: You're not going to just magically become someone different between
• 9:39
  Speaker 3: now and a year or three months time. So if
• 9:41
  Speaker 3: you're not doing it now, if you're not using that
• 9:43
  Speaker 3: thing now, are you going to be using it in
• 9:46
  Speaker 3: the future? Potentially be listing if not.
• 9:49
  Speaker 1: Yeah.
• 9:50
  Speaker 2: Yeah.
• 9:51
  Speaker 1: Another one is the if or but rule. So when
• 9:55
  Speaker 1: simplifying your closet, it's really easy to justify why you
• 9:58
  Speaker 1: need to keep something that you've been keeping in your
• 10:01
  Speaker 1: closet for years, kind of like you were saying. But
• 10:03
  Speaker 1: another trick that you can use is this if or
• 10:06
  Speaker 1: but rule. It can help you look past the excuses
• 10:09
  Speaker 1: or the overwhelm that a lot of us feel when
• 10:11
  Speaker 1: refining our wardrobes and letting go of some.
• 10:13
  Speaker 2: Of those old pieces.
• 10:14
  Speaker 3: So if.
• 10:16
  Speaker 1: How you do it is you hold up an item
• 10:18
  Speaker 1: from your wardrobe and ask yourself why you no longer
• 10:20
  Speaker 1: want it, using if and but to determine what you
• 10:24
  Speaker 1: don't like about it. For example, you might say you
• 10:27
  Speaker 1: like the style of the jacket, but you would prefer
• 10:30
  Speaker 1: if it was in a different color.
• 10:32
  Speaker 2: Or perhaps you'd like to wear a pair of shoes
• 10:34
  Speaker 2: like this if they didn't have such a high heel.
• 10:38
  Speaker 1: Anytime you find yourself using the words if or but
• 10:42
  Speaker 1: when contemplating a clothing piece, consider selling it or even
• 10:46
  Speaker 1: replacing it with an item that actually meets the criteria
• 10:49
  Speaker 1: that you would wear it.
• 10:50
  Speaker 3: I feel like that's a good rule to even use
• 10:52
  Speaker 3: when you're buying too. Yeah. You know, like so often
• 10:56
  Speaker 3: because we want the dopamine hit of buying something as well,
• 11:00
  Speaker 3: we will kind of lower our standards because we just
• 11:04
  Speaker 3: want the thing. Yeah.
• 11:06
  Speaker 2: Yeah, so true.
• 11:07
  Speaker 1: It's like, oh, maybe if I do this to it,
• 11:11
  Speaker 1: then I will wear it. But it's like, are you
• 11:12
  Speaker 1: actually going to do that thing? Maybe, but I think
• 11:15
  Speaker 1: it's good to be honest with yourself. And it's worth
• 11:18
  Speaker 1: a reminder not to overdo it as well. Like that
• 11:21
  Speaker 1: can be really overwhelming. We're not saying you necessarily have
• 11:24
  Speaker 1: to go into your wardrobe and edit.
• 11:26
  Speaker 2: The whole thing.
• 11:27
  Speaker 1: It could even just be like, if you go to
• 11:30
  Speaker 1: pick up a blazer and you're like, I would wear
• 11:33
  Speaker 1: this if it was a little bit.
• 11:34
  Speaker 2: More oversized or if it was leather instead of a
• 11:36
  Speaker 2: pinstripe or whatever.
• 11:37
  Speaker 1: And if you find yourself saying those ifs and buts,
• 11:41
  Speaker 1: even in the moment, maybe be like, okay, I'll pop
• 11:44
  Speaker 1: that into the cell pile instead. And remember the formula
• 11:48
  Speaker 1: is about using your time wisely with the organization. So
• 11:52
  Speaker 1: make the first decision an easy one and once you
• 11:54
  Speaker 1: have your final sell pile, then.
• 11:56
  Speaker 4: Head to eBay. Yeah.
• 11:57
  Speaker 3: Also another quick little hack to do is like I
• 12:00
  Speaker 3: saw this ages ago and you turn all your coat
• 12:03
  Speaker 3: hangers one way and then when you wear something, you
• 12:06
  Speaker 3: turn them the opposite way and then at the end
• 12:08
  Speaker 3: of the year or the end of the month, whatever,
• 12:10
  Speaker 3: you can see all the ones that you haven't worn
• 12:14
  Speaker 3: versus the one you have.
• 12:15
  Speaker 4: And so it actually visually shows you, you don't reach
• 12:18
  Speaker 4: for this.
• 12:20
  Speaker 2: Yeah, that's such a good one.
• 12:22
  Speaker 3: But lastly, and most importantly, sell before you buy. So
• 12:28
  Speaker 3: it's always a good idea to check what you already
• 12:30
  Speaker 3: own before considering a new purchase. Like how many times
• 12:33
  Speaker 3: have we seen a cute skirt online or a pair
• 12:37
  Speaker 3: of jeans and wanting to buy it? Only to realize
• 12:40
  Speaker 3: we like really have a similar one hanging in our wardrobe.
• 12:43
  Speaker 3: Like I'm so guilty of that with blue jeans.
• 12:45
  Speaker 4: It's not even funny.
• 12:46
  Speaker 3: Yeah, dude. So eBay gives you a simpler way to
• 12:49
  Speaker 3: tackle this problem because you can list your common household
• 12:52
  Speaker 3: items and wardrobe pieces more easily. Your items become cash
• 12:55
  Speaker 3: that you can reinvest into yourself and your life for
• 12:58
  Speaker 3: the things that you actually want and will wear or
• 13:01
  Speaker 3: will use. So trust us chicks, you're already sitting on
• 13:04
  Speaker 3: the value items within your home and And those items
• 13:07
  Speaker 3: will be someone else's next best find. All it takes
• 13:10
  Speaker 3: is this formula to find them and sell them on eBay.
• 13:13
  Speaker 2: Well, that's a wrap on this episode.
• 13:16
  Speaker 1: But if you want any further information on listing your
• 13:19
  Speaker 1: next item on eBay, head to ebay.com.au.
• 13:23
  Speaker 4: Slash SL slash sell.
• 13:25
  Speaker 2: We'll put a link in the show notes. Thanks for
• 13:28
  Speaker 2: having us in Earholes Chickies.
• 13:30
  Speaker 4: We love to be here.
• 13:31
  Speaker 1: Bye.
• 13:32
  Speaker 3: Happy selling and bye.