I decided to sell some used possessions today. As I prepared to advertise my old basketball shoes, a used Otter Box, and some other sundries I thought of three elements of an excellent deal.
1. Acqusition Cost: Not the price, but what you pay by patience and research
2. Maintenance cost: Is it durable? Does it need constant upkeep?
3. Capital gain or loss: Can it be resold? For a profit? Does it depreciate rapidly?
My three year old Retro Air Jordan 6 shoes were acquired for about $65 and I intend to sell them nearly three years later for $80 despite heavy use. They cost me nothing to maintain except for laces and some insoles.
On your next purchase look for the initial cost, final gain/loss and the maintenance cost. Compare several choices and then pick the choice that offers the best value.
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