I’m not one to spend much on myself but over the last few years, I made a few guilty pleasure purchases in the department of unnecessary toys. Specifically, I bought 18 Nintendo amiibos. If you don’t know what these are, you can check out this Wikipedia page, or you can take my word that they’re useless (and cost $12 each).
I also discovered that I no longer used my once coveted Xiaomi Mi Pad, a gift from overseas that sported a 64 GB internal hard drive and 2GB of RAM. Despite its blatant attempt to copy the Apple iPad, the Mi Pad is a pretty reliable Android tablet* that I used extensively to play Supercell’s Clash of Clans, Boom Beach and the more recent Clash Royale. Once I permanently stopped playing those games, the tablet began collecting dust on my TV stand.
So I decided it was time to part ways. To start, I did a quick search on Craigslist, eBay and Amazon for used listings of my stuff. To my surprise, several of my amiibos were selling at a premium thanks to the recent shortage of supply.** And the Mi Pad was selling for about $225 new on eBay. With this info, I went ahead and created a few listings on Craigslist to sell my unopened amiibos at $20 each and my used Mi Pad at $150.
The Mi Pad successfully sold after two days. The amiibos, on the other hand, didn’t receive any interest, so I’ve adjusted the prices down to $18. All in all, I’m surprised at how easy it is to sell on Craigslist and love that it automatically anonymizes my email when I respond to inquiries. With $150 more in my wallet after just a couple days, I’m excited to get rid of more stuff that I never use – a portable induction burner, an HP LaserJet printer and a Wacom Intuos4 graphics tablet. I’m even more excited to get rid of stuff that I probably shouldn’t use – a Nintendo 3DS XL, Xbox 360, Nintendo Wii U and all associated video games.
If successful, selling off all this stuff could bring in a few hundred to a thousand extra dollars for my investing. And given that the market is starting to slide a bit from its recent highs, now is a great time to have some cash ready to pick up discounted index funds.
*If you’re interested, check out the even more impressive Mi Pad 2.
**Particularly rare amiibos have been known to sell at an up to 200% premium by scalpers on eBay.