This works with just about anything that depreciates in value over time, but I am going to use a phone as an example... If you are a baller the time spent using this technique won't be worth it to you. But if you are a 99%'er you will enjoy a richer lifestyle.
Let's say you want a ballers phone. We can use the HTC G2 as an example even though it is actually outdated. When this phone came out it was $500 without a contract and $200 with one. Since your cell phone service provider probably offers you a discount every 2 years you could get a great phone every 2 years. But lets pretend you don't like waiting 2 fucking years...
Instead... You should be holding on to depreciating assets like a phone for only 6 months!
If you held onto your $140 (with 2 year contact) Cliq XT for 6 months you could easily sell it on Ebay for $120 cash. After expenses it is $100 in your pocket to use towards the G2. So go onto Craigslist and look for the G2 and you will have (a year ago) found it for $250. With your $100 that brings it down to $150 which is less than the new one with a contract costs anyway!
This brings us to something else... Why do you have a fucking contract in the first place? If they suck you aren't going to leave because you won't want to pay the early cancellation fee and when your phone takes a shit you are going to renew that contract so you can get a new phone pronto!
Fuck contracts! Stop using them to buy a new phone you moron!
OK... So for $150 + $100 you just got your new G2. You hold it for 6 months and sell it on Craigslist for $200. Now they come out with HTC Amaze. If you spend some time on the weekend on Craigslist you can find it for $300 where some guy got it free somehow and he just wants to dump it for quick cash. Again... $100 out of your pocket...
Now you are probably wondering... That is $100 every 6 months? Before I was paying $200 every 2 years?
Well... Nobody ever said balling was cheap... That Amaze will cost $230 and that is after the $50 main in rebate. Plus, in 6 months you are going to dump this thing for $300 and with that you can begin to buy the best deal available for the selling price of an older phone.
Again... Now that you have the top of the line phone you can sell it for $300. The new top of the line phone will sell for the same $300. But you have to reload the page a bit on CL looking for the guy dumping a good phone for the lower price. It happens... All of the time!
Do this with boats, Seadoos, all kinds of shit... The key is to only hold something for a small amount of time. So stop falling in love with the item itself and start falling in love with the idea of always having the latest and the greatest.
Peace out!
Oh... And a lot of times you can root the T-Mobile phone and remove the carrier lock... It is pretty fucking easy and Google is loaded with tutorials. Once you do that you can leave them and go to a much smaller carrier with smaller prices and the same shitty coverage.
The larger networks often will offer a pay as you go plan that is cheaper to compete with the no name companies...
OK.. this time... peace out!
Let's say you want a ballers phone. We can use the HTC G2 as an example even though it is actually outdated. When this phone came out it was $500 without a contract and $200 with one. Since your cell phone service provider probably offers you a discount every 2 years you could get a great phone every 2 years. But lets pretend you don't like waiting 2 fucking years...
Instead... You should be holding on to depreciating assets like a phone for only 6 months!
If you held onto your $140 (with 2 year contact) Cliq XT for 6 months you could easily sell it on Ebay for $120 cash. After expenses it is $100 in your pocket to use towards the G2. So go onto Craigslist and look for the G2 and you will have (a year ago) found it for $250. With your $100 that brings it down to $150 which is less than the new one with a contract costs anyway!
This brings us to something else... Why do you have a fucking contract in the first place? If they suck you aren't going to leave because you won't want to pay the early cancellation fee and when your phone takes a shit you are going to renew that contract so you can get a new phone pronto!
Fuck contracts! Stop using them to buy a new phone you moron!
OK... So for $150 + $100 you just got your new G2. You hold it for 6 months and sell it on Craigslist for $200. Now they come out with HTC Amaze. If you spend some time on the weekend on Craigslist you can find it for $300 where some guy got it free somehow and he just wants to dump it for quick cash. Again... $100 out of your pocket...
Now you are probably wondering... That is $100 every 6 months? Before I was paying $200 every 2 years?
Well... Nobody ever said balling was cheap... That Amaze will cost $230 and that is after the $50 main in rebate. Plus, in 6 months you are going to dump this thing for $300 and with that you can begin to buy the best deal available for the selling price of an older phone.
Again... Now that you have the top of the line phone you can sell it for $300. The new top of the line phone will sell for the same $300. But you have to reload the page a bit on CL looking for the guy dumping a good phone for the lower price. It happens... All of the time!
Do this with boats, Seadoos, all kinds of shit... The key is to only hold something for a small amount of time. So stop falling in love with the item itself and start falling in love with the idea of always having the latest and the greatest.
Peace out!
Oh... And a lot of times you can root the T-Mobile phone and remove the carrier lock... It is pretty fucking easy and Google is loaded with tutorials. Once you do that you can leave them and go to a much smaller carrier with smaller prices and the same shitty coverage.
The larger networks often will offer a pay as you go plan that is cheaper to compete with the no name companies...
OK.. this time... peace out!
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