A Good Little Find

Today i have made what is the best find to date for this project of mine. I found a $20 note on the ground. This is quite a step from my previous best which was a $5 note.

While it may be the right thing to do to hand it in, i doubt that this is really an idea that has much logic behind it. If someone is careless enough to lose $20, I believe that they will probably have a hard time actually remembering where they lost it. If they remember this then they would have realized and picked it up at the time. The next point is that if you do hand it in what is to say that the person you hand it into, being a security guard or some business near where you find it will be honest and not just keep it. Even more to say how do you know the person will even go and ask.

So it is my decision it stays in the project now. This brings the project to a total of $234.01. Which is about $22.00 away from completing Step 13. Which i am confident will come fairly quickly.

Momentum Happening

Well things are really seeming to be taking a turn at getting moving. I Made what i think is a good decision to buy up a bulk lot of items which i mentioned last time. The final price that was agreed on was just under $300.00 (which yes i know is more then i have in the project at the moment, and is breaking the rules a little, however who lets good opportunities pass them by). All up i think it came to something like around 180 pieces however with sets of glasses and such it is closer to 130 individual sale items.

At present all of these items are in a local store on consignment. The best bit that i have found out just yesterday is that a number of pieces have already sold. Probably about 12-15 items, however they are some of the items that were higher priced. I am not adding this money to the project yet, as i have not actually received any of it. So i find out yesterday that these items that have sold will almost entirely cover the cost of buying all the items in the beginning. Which is great news as by my calculations without final prices on everything, there is potentially another $500-$700 worth of items to sell. It will i expect slow down a little now, however i am still quite happy with this.

After this initial success i am unsure if it is a wise move or not to consider going into this sort of buying a lot more, and see what i can manage, either as part of this project or external from it if the money involved in much higher. However it is something that i am seriously considering.

This is on top of the box of other items which has also gone, admittedly these were smaller items and they are not selling so well, as they are not collectible and not really pieces of interest as such. However this is something that i think is part of the learning curve in approaching this.

Another two additions to the project, have come this month as well, $6 i made doing some colour laser printing, and also $45 i got for doing some computer work for a friend. Which brings the project to $214.01 which doesn’t include anything for the items that i have on consignment at the moment. The consignment items are something that i am just going to try and work out with the store once a month more so to try and simplify things a little. So I will update these amounts in the regular monthly update.

So wow this month is turning out to be quite a good month and i can see that into 2010, things are going to get better and i would expect start moving even faster.

November Update

Ok, well November as it turns out was not an outstanding month by any means. However there is still a little to report. A find some interest and something that is going to be hopfully adding a bit to the project in the near future.

First up was my find. A 50 cent coin in a drain. I almost kept walking, but shiny things on the ground have always caught my attention and i luckily didn’t leave it behind. From memory this was the only find this month, which is a drop in the number of coins i have been finding, being mostly 5 cent coins though, this single coin has been more then i have been finding in a single find.

The other thing that has become a monthly occurrence is interest at the bank. This month it come to a total of 41 cents, which is a little jump over the previous month i think even thought he amount of money has not changed. It is more a case that interest rates in Australia are rising and have helped the money to earn a higher rate of interest.

Finally a little about something that i have spent a little time putting together this month. I have been able buy at a good price some good items which i am going to put on consignment into a store near by. In total about $100-$400 i am going to spend on these items, and hopefully they will fetch somewhere around $400- $800 or around double the cost. This i know is something that will always be up in the air, and can take some time but with any luck there are some really nice pieces and items which people may like.

Anyway may be able to share some good gains with this last piece of information at the end of December. Along with interest rates which should be a little high again with another increase earlier this week. Along with potential finds, i think this month could be good for finds as there is a lot more people shopping so more people to drop money. However this also counters with more people to find money, but i think that i will have a better chance because i am expecting to find money.