I made my first sale today. Two months ago, I took some hobby equipment to get priced to be sold and have been mulling it over since. I wanted to be sure that I was selling for the right reasons ie. because I really was not going to continue the sport anymore and not because I was taking frugality too far and ridding myself of something I really loved and would not pay to buy it back in the future.
On Tuesday, I woke up with the clarity I needed to make this decision. I felt ready to let it go. So I made an appointment for the transaction and went this morning. It only took 1/2 hr for the exchange and I was handed a check for $2220 -- significantly less than I paid originally but I had made peace with it.
I have to admit that I was a bit sad just before I got into the car to go there. I was saddened by what never got to happen. That I didn't get to a level where I could compete in that sport like I originally intended and all the dreams that went along with it. It was a mini grieving I didn't expect would happen. I guess there was a lot more riding in that equipment that I realized.
By the time I got to the store, I felt much lighter and cheerful. I had made the right decision. By this afternoon, I had forgotten about it -- not until I put the check in the bank, that is.
Wow, this hits home. I have a lot of music gear sitting around unused, our house has no place to practice. But I can't bear to part with it and hope to pick it back up in the future. I did sell some stuff when we bought the house, to raise money for the downpayment. I hope you are at peace with the decision and $2200 is pretty awesome!
ReplyDeleteRegarding selling something for less than you bought it - always keep in mind that what you already paid is sunk cost and the only questions is what is the market value for what you are now trying to sell.
ReplyDeletePrevious money spent has nothing to do with that decision.
Hi Miss M!
ReplyDeleteYes, I am at peace with it. I couldn't do it otherwise. And there is no desire to pick it up again as a hobby.
Hi Shadox!
That was one of the things that I needed to clear up in my head -- not letting the sunk cost affect my decision, or as an excuse not to take a loss on it.