NOBODY CAN STOP US! Over $100,000 made from THIS...
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- Опубліковано 10 лип 2024
- Join us on Whatnot where we'll be auctioning off some of the best stuff from our lockers. Claim your $15 to spend on your first purchase!
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Locker Nuts episode 769
Times they are a changing. It's time to shift strategy and up our game. Are you ready for THE PURGE? Can we hit our goal of $100k by the end of the year? Can we go even farther? Let's get the party started with this special episode of Locker Nuts!
We'll be selling the best items from our purchases on Whatnot. The links are above to sign up and get a free $15 credit to spend, and here is the link directly to our next show. Join us for some live auction fun!
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Email: lockernuts@gmail.com
Mailing address: 12935 Alcosta Blvd. unit 3761, San Ramon, CA 94583
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#storageauction #storagewars #whatnotpartner
Jack is stacked, packed, and clearing the racks!
Now would be a great time to auction the swim collection. I am not qualified to give advice on the stock market. 😂
Wouldn't it be cheaper for you to find a small warehouse to ALL of your stuff consolidated into one spot. It would be a whole lot easier keeping track of and you would be able to put like minded items together. Could be a cheaper option. I love the idea for the purge .
Unfortunately, not here. We live in such an expensive area, starting warehouses go for $700k to $800k for less space than my 4 units combined. I look all the time, but no deals to be had. I kick myself for not being able to buy one a few years ago, when interest rates were so low.
In my very humble opinion your "Purge" is a sound idea. I am 73 now but I always followed the philosophy that I could make better money buying and reselling rather than letting someone else do that for me in any other form - working for somebody else or through savings and investments. I am now living on my own surrounded by piles of reselling stock. My health is not as good as it was when I was younger and I get tired so quick! Luckily have a U.K. State pension and a a.all private one from working as a nurse to meet most of my living expenses. You are thinking ahead and I think you are right and very wise to do so. Very best wishes, Roger.
I love to purge!!!! I hate things just hanging out!!! It was so epic and your family rocked that show. Glad I could be a part of it!!!!!God bless and protect you guys
As a reseller who is moving I have come to realize that I find a lot of "good" deals that end up sitting around until I get to them. I am finding I have a lot more unlisted inventory than I thought I had. To the PURGE!
Have been watching you guys over a year and LOVE your new idea!! I was born in 1970 also and was pretty much pushed into early retirement due to cancer. Been doing a lot with my retirement account to earn big money to live on without decreasing my account balance (along with reselling). Very wise of you guys and love the content ❤ Blessings to your entire family 🙏
As for the horse tack, get pictures printed with prices, take copies to farm stores ie: Rural King, Bomgards etc. Most farm stirs have a “for sale board”
My hubby and I are 66, started in basic funds in our 30's have a paid off house and 1M+ in the bank. Key is time, start Roth IRAs for each girl and encourage them to NOT TOUCH IT. There are growth tables that can show the girls how a few thousand each year for 10 years can grow, get them started well.
Jack, great video! It’s made me realize that lots of stuff I’ve put away to sell later on when it’s worth more could be doing more for me if invested. I’m in my early 60’s and have been increasingly been putting more away in 401K. Time for me to purge some but I’m not sure how I’d get the best return on my investment on certain items. I’ve used eBay before so I’m familiar with it. Gonna take some planning on my part. Thanks again! Thought I’d dislike this one but the mix was well done and it’s made me think about my stuff! Keep ‘em coming!
The best investment you can make is in your kids! Get them running an Ebay store! They can be selling books or DVDs or even clothing. I know people will say invest in their schooling but I'm looking at so many friends from school and they aren't using their degrees. I have 2 teen boys and really warn them about higher education. It is great if you are going to use it but most pick a career with no exp. You are only 2 people you can only sell so much.
Time is the best investment we have been given - spend it wisely. Time spent with family and friends is the best reward.
I agree!! Invest time in your kids...the dividends in terms of relationships are priceless! Our boys are 18 and 20 and we homeschooled. One graduated a year early and the other 2 years early. Unless someone knows 100% that they need higher education it's a waste of time and money. Not to mention the leftist liberal indoctrination that happens. One son decided to work full-time until he decided what to do and has been making pretty decent wages. He's in the process of figuring out what to do next as there's no advancement opportunities. Our other son worked for 2 years as a pool tech, learned the business, and now has his own business and 1099s for another pool company. It's grown so fast he had to hire another 1099 worker. They're both hard workers and enjoy it. My husband and I are both entrepreneurs and self-employed...can't imagine working for someone else. You have to get out there and hustle....that's the American dream!😊
I was thinking your epiphany would be that you should purchase your OWN warehouse! Seems like your current rental costs might cover it. You know you will ALWAYS need SOME storage!
I'd need to move away form this area to do that. Starting price on warehouses in my area is $700k to $800k, for less space than my 4 units currently have.
You need to hire someone and have them run your e -bay. So you can push more merchandise. Best way to go, you can only do so much.
Then I'd have someone I'd need to pay, which eats up profit.
@@LockerNutsit isn’t profit if it’s costing you to store it. Storage is an expense not a profit
@@LockerNuts yes, but it’s a tax deductible expense.
Remember that the state gets a BIG chunk of that 110K. Factor that in for sure. You talk about retirement and investment. Need to decice. If retirement make sure you put your money in a ROTH IRA (tax free after retirement). If an investment account there will be taxes whenever you take money out (for rental or retirement). Don't rush into something without talking to your Accountant first.
Great idea, get it out, turn it in to cash and make it work for you.
Watched the Royal Rumble and loved it! Was cheering for you and Taco.
Great idea Jack. Looking forward to watching the process and seeing you make some good money for your hard work. Good luck
This is so fun! I’ve been using computers since Commodore 64. Seeing these old games is a blast from the past!
I have heard you say this…” Why did they pay rent for 10 years on this stuff?”
If rent is costing you $15K a year then after one year you are giving $15K worth of merchandise away, for free essentially. PURGE Baby PURGE!
Good luck to you and your family. I’ll be cheering for you guys!🤗
sell sell sell, DO NOT BECOME "Hoarder Nuts"
You should put the swim stuff on posh mark
You got this Jack! The purge is an excellent idea. I need to get the strength to do it myself. The exception is mine's not worth much if anything.
Great one Jack. I agree with the purge plan. With the economy like it is, your items may be decreasing in value not going up. Money invested has got to be the best.
😂😂😂 I'm in Arizona and yes I would love 100 degree weather right now 😊
FYI , Used motor oil can be cleaned filtered and reused in diesel cars and trucks FYI
Pirate does it volume, it seems to work for him!
HIYA JACK - I LIVE YOUR PURGE IDEA - GO FOE IT HUGGGS
Great idea! It doesn't help you to store things from the lockers you buy if it's more than a month. It costs you money and by the time you sell the items you run the risk of losing money overall.
Though it does help the owners of the storage lockers - all good for the economy.
LOL, we rented 2 of those storage units from the train lockers, to allow me time to list and sell them. It takes time, as they are expensive and niche products. No way we would have made nearly enough if we sold those in a month. Just doesn't work that way.
I just love your videos!! You make it seem like we are all just old friends having a conversation about 'stuff'. Poshmark has live shows now, maybe it's something to check into?
This video came at the most perfect timing, because we were at our storage unit today, and were talking about how we need to be selling stuff out of it. It's tiny in comparison to yours, however, it could be potential investment income... So thank your for suggesting Vanguard, as I will definitely be looking into it... We're heading into our 50s, and needing to create a nest egg ...
I am glad you are taking a step back and looking at all that you have. Good choice
The Purge. Great idea, this we will look forward to, in between episodes!
Watch as often as I can, from across the Great Pond. Great idea that you have, best of luck getting to your total. Best wishes to you and your wonderful family
Yes!! Purge!! $$$ down the toilet renting storage units 😮. Love this idea! I’m hooked.
Good Luck with everything Jack. I think it is a good idea, to get rid of at least two lockers. The two train lockers, should be enough, with all the great shelves.
Love the purge idea but I got to say I would have to organize even what you have in your lockers from the beginning. I would need to get all like items together in the lockers. I would get all comic books together, train items, video games, action figures, clothing and etc. Good luck.
I love the idea . And would love to help you out with the selling !
Take the bathing suits and do a whatnot auction with just those. Also, comic book show, t shirt show etc…
I have watched you and your family for years!! it’s so exciting to see you go through your lockers, and show us all, the fabulous things you have, p.s. your memory is as sharp as a blade! Remembering where certain things came from. You really don’t need to be out hunting in unknown lockers, you are the leprechaun sitting on top of your pot of gold. Sell now! And enjoy the fruits of the hard work and sacrifices you have made as a family Blessings to you Janna, and all of your family, on screen and off screen. From London uk.
I am with Janna. I love to purge. Don't think Jack would like me much when I was done. Sell, Sell, Sell❤❤
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I think it's a great idea seeing you pick again I'm some of those great lockers from the past you still have like the train lockers awesome idea looking forward to those upcoming videos.
Vanguard is what my employer offers for the 401(k). When I get my quarterly statement, I am very happy, and early retirement is looking better and better
I should start by saying luv your videos and grateful that you are feeling better and a good clear out is great for body and soul. "stuff" doesn`t always go up in value over time it just becomes old - for me rather than looking at what something might be worth versus what it cost when new I would keep in mind what it cost you to purchase ( and include your time and effort). Not sure if it is the same in America but in the UK we have a cost of living crisis at the moment so people don`t have the disposable income to spend. All that glitters isn`t gold but what goes around comes around. Look at all the people you have helped on your journey...stay well. Bank some time with your family....
Thanks so much! And speaking of the last part... we are about to end the Summer with a couple nice vacations, and we'll be sharing that too. I really appreciate your input and advice!
Purge it all
Sounds exciting to follow the progress !!
Thank you! I was really interested in your plan for the purge. I appreciate how you described how you invest your money. It is usually a dry subject, but you had me hanging on every word.
Great idea to purge!!! Love Janna! Yes, get rid of at least one unit, maybe 2! You need to get organized in those units asap. I started investing in the stock market since age 20 and have taught my daughter what I learned. Fidelity (my choice) is an amazing company and their staff are decent and so helpful. Retired unofficially in 2016 and officially in 2023. Been downsizing all along and every time I sell something, it feels so good. Wishing you great success with your goals! Love you guys!
Blame the greedy owners (and realtors/real estate agents/agencies) of any type of property increases including rents.
❤
Money in the bank (or better invested) at least accrues interest.
Invested money (long term mutual funds) should earn you 8-10%.
The rental of all of those lockers is just giving away cash.
Sell those swimsuits now!! It's summer!!
I think you will do great with anything you do and I’m happy for you and your family. Have fun and don’t overdo yourself.🙏❤🤩💰😊
You’ve got this! The best of luck to you n you’ll feel so accomplished for doing it! 👏👏🤞🤞🍀🍀🙏❣️
Thank you so much!!
Then you take the $300,000 and invest in crude oil ! Invest when price is low , pull out when price is high !
Starts at $33.00 ends at $137.00 per barrel= $$$$$$$$$$
Great idea Jack. Looking forward to seeing how it turns out. I'm also going to make my wife watch them, as she has hoarder tendencies, despite my nagging 😂
The best of Irish ☘️☘️ on the purg and on your auction tonight I wish there was something I could do too help.
I’ve watched your videos for quite a few years now and I enjoy almost every one. I’m afraid, maybe it’s my age, that video games or PC games leave me cold. Maybe it’s because I can’t never figure out how to play them. Anyway, I love your enthusiasm for them and of course they make you money.
The purge, a great idea. Sitting on stock, waiting for the right time to sell, doesn’t get you any where. Sell, sell, sell.
I’ve always been a dog person.most of them died and I was invaded by feral cats,3. A month later we had 14 kittens in our house and we loved them.a year later we had 24 I. The house and 10 outside,a year after that ….27 in the house and 15 outside😂 ..get a dog! 😂😊
I inherited 5 cats - had them all nuetered so no kittens ( one was carrying kittens when she arrived )
Get the poor things neutered for heaven’s sake!
eBay has live auctions 🤯 wow !!!!
Good Luck on your Purge. It's so exciting.
Ill bleed is probably the top banger on dreamcast
I think what you're doing is great.
What about cosplay and comicon events. I’m positive your toys, Star Trek and all would sell too!
Can't wait to see how you do I think it's brilliant
I think you need to sell the swim suits now
Agreed, need to sell them while the weather is hot! Working on it now. You'll see in the next video.
Hello from Chiang Mai!
Great video for a good idea!
We're going for the purge!
It’s going to be very interesting to follow this over the next few months!
I’m so proud of you and your family!
It’s a great thing that you are focused on.
I’m just trying to do that around my house.
If watching your channel has taught me anything is that you don’t wanna hang onto things and have your life condensed into a locker. (Not saying anything against what you do cause I enjoy watching you dig for gold) it’s just I am trying to live with less.☺️
Great idea Jack! My husband and I lost most of our retirement we had invested in the crash in 2008. You really can't prepare for that. We decided to invest in real estate when the market was low, and did well, but we will have to continue working well internally our 70`s...the crash set us back a good 20 years. You never know what life is good to throw your way! Our faith in Christ, keeping your chin up, and living within your means goes a long way. I love your enthusiasm! I know you'll reach and probably exceed your goal. Love watching your videos and Whatnot shows!
Yes Jack. it's time to purge. You have a HUGE inventory. Good luck with it all.
I prefer your flea market / selling youtube’s , so i’m delighted with this purge😂
Great idea. Better the cash in your pocket. Given the financial climate these days it could take a long time to realize top dollar on a lot of the items…I look forward to watching your journey…
Love it! You have so much stuff, I would go crazy having that amount of inventory! I love watching content with a goal, I think this is great. About books, if it's sci-fi or other more specific topics, why not doing a book-auction? There's a lot of book nerds out there (including me). I'm not at all into video games, but it's still fun watching you find valuable stuff!
The purge is a great idea. I'd hire someone to take a solid inventory of everything you have. Look into barcoders so that you can easily keep track of everything you have (and save typing it all in).
With your volume of inventory, would setting up an online shop of some kind be a good idea over ebay and auctions? Plus it would put all your inventory in one place for people to find it. Then advertise at all the upcoming conventions and on popular UA-cam channels associated with your inventory.
It would streamline your focus to one platform at least and allow you to customize your backend to your needs and workflow. Not telling you what to do, just offering options... Auctioning all that off will mean a lot of long hours.
I love the plan! I also like index funds. Purging is always good.
Awesome video Jack!
Thanks!
Call your local auto parts stores. Most will take used motor oil.
Awesome Jack, good idea
Vanguard mega cap growth index is the best to invest with also has the highest return to investors from all the options available 😃👍.the russell 1000 fund didnt do too bad at returns each year either around 35% annually.
Tesla and AI I sold a chair from the 70s for a guy who actually shipped it himself. He paid $700 for the chair. We sold it at auction for 3500 to start wound up selling it for $5000 and he gave me half of the money he sent the pictures he did all the work all I had to do was listed on eBay and it didn’t even last a week.
Purging is the best idea you’ve had in a long time
You could sell a lot of things for like $2 and make a bunch of money. I like the what not idea the best as things move quickly and even if it is a lot of work I think you can unload much with them. I like the formate that Jebus has as they set up the stuff they get a unit and then sell on what not the next week , they post what is going up before the auction starts and people can bid ahead of time. Check out his organization method they sell like 80-90 units at each auction.
Good luck,you got this👍
I agree it is time to purge as when your paying out for storage there comes a time you start losing value.
Get the furniture refinished. Clean those lockers out
O wow, I was wondering about the past locker items you had stored and I’m thinking you are smart to be getting rid of it. There’s some of items I’d love to have but income and storage are my main issues. May God bless you in this endeavor and I pray the stocks do well. The uncertainty of the economy is worrisome but we all have to remember God is in control and only He knows the future. Hugs for the Chestnut family.
Great idea to follow the progress of your purge and investment!
Yes! Thank you!
I love the plan!!! Are you going to continue buying lockers?
Of course! Need video content, but more so because I need my fix. That is the fun part.
Thank goodness!!!!
Jack !! Help me purge!!! I have FOURTEEN units, Two are 80" x 120' with sixteen foot tall racks I put up by myself without lift. 9 K a month. My thing is taxes and not getting any younger. I keep trying to consolidate units but now they are so packed I have no isles in the middle of units. I made promise to not bring anything home that comes from units to avoid critters and bugs.Hiring people only want freebies. What would you suggest. Flea market is two hours away and you need employees to watch while you are being diverted..???????
How do you eat an elephant? One bite at a time!😅 Start small. Grab a few boxes and separate into garage sale and eBay. What doesn't sell set aside for the flea market. Keep going until you have enough for a garage sale. I bet you would be surprised at how much income is sitting there. Good luck!
I know this is unsolicited advice, but hire a couple of people to list and to ship.
Wishing you the very Best 😊 you guys got this 👍 ❤❤❤😊
Love it! Wow thats a lot of stuff. I thought your garage had a lot of stuff. Just trying to be brutal in my own home and reduce the "stuff" its funny how in your own home you can become attached to things you never use. If I lived in the US near you I would have all kinds of things to add to your stuff. Lol Can't wait to see you sell and reduce and combine these lockers.
Funny you say this. I have learned so much from Jack. I'm purging. I'm donating 90% of it. It's not worth my time, or I would have done it long ago. Feels good.
@@lindaswanson9328 I'm donating pretty much everything as well. I just don't feel up to trying to sell things. When I get to clean out collectables, movies and music I may try to sell. Right now just purging unused household items and clothing. Did sell my golf clubs but to a friend so only asked her for about 1/8 of what I likely could have asked but hey they will get used now and not collect dust.
I like ETFs from Vanguard, too. I I picked, too, one to follow SP500.
Purge sounds a great idea as you said college weddings and when you retire you have so much fantastic stuff.
That’s a great idea because yeah, you don’t have like a one or something to hold you up so most definitely doing good
Great to purge and invest. Great plan.
Wishing you the very best!!!!!!!!
Love this and I feel like I am getting a good education
I agree with a purge. I agree with the person who suggested to buy a small warehouse. You would pay less for usage of warehouse than paying rental of storage units. Good luck
Not true in this area. Starting price for a warehouse is $700k-$800k with a space smaller than my 4 units combined. I live in a very expensive area of the U.S. If I lived somewhere cheaper, rent would also be a fraction of what it is here.
You being a man of God I advise you to do your research on what company you will allow manage your money
Good luck ❤, Great idea❤
Check out rodeo's that have vendors, maybe Livermore? (Horse tack)
I think “the purge” is a great idea. Keep the family involved and get them working to help!!!