12/04/2018 at 10:02 am #52634
I’m going to start putting together my journey in a monthly journal…0
12/04/2018 at 10:18 am #52635
As this is my first entry, would like to recap our current situation.
We are a couple in our 40s, no children, that live in the Golden Horseshoe area of Ontario, Canada. We have been casual sellers on eBay for over 21 years, during the last 5 years we have slowly grown our eBay business and have become comfortable with the numbers we are generating to move on in our careers. We have replaced one income with eBay sales and casual work, and I’m currently waiting to be made redundant at a dead company that is retaining me to sit around in a warehouse all day. I am getting paid very well to do almost nothing – and the bonus at the end is great, along with the government benefits for losing my job. Therefore, the best decision is to wait it out.
We have begun to plan our future extensively – we even have bought a new home in a much cheaper area of the province, and are slowly repairing it on weekends or having relatives do some work. We have even setup some small businesses to use some of our skills to even out our online/eBay sales.
Our transition decisions were based on several factors – our debt will be gone when we sell our current home and move to our new one, we have a decent nest egg in various pensions for our later years, our healthcare is covered, and worst case scenario we’ll just work for someone else casually if need be. However, we are confident with years of sales history and knowledge that we can be successful with some hard work and frugality.
Our lives are in a strange purgatory – one foot still in the clutches of the corporate world just waiting to be released to our new lives. However, it has been great to have the time to really plan our move, and life changes that are yet to come.2+
12/04/2018 at 11:14 am #52641
Great to see you starting a journal, Inglewood! The parallels between your situation and mine/ours is eerie. The only obvious differences being that I’m not waiting for my employer to package me out (I am waiting for a great annual bonus before giving my notice, though), and we haven’t bought our next home yet.
Are you currently shipping via Canada Post primarily? Safe to assume you’ll use them when you make the move? Have you looked into any of the cross border shippers?0
12/04/2018 at 2:19 pm #52657
Yes, our situations are fairly similar – I follow your comments closely and interested in seeing how well things work out in your journey.
I currently ship using only Canada Post – I can see the Buffalo, NY skyline from my house and I have crossed the border to ship items in the past when it was easier (it was only a 20-30 minute roundtrip, but usually tagged in a gas/grocery run in the U.S. when the dollar was better). With the labour issues at Canada Post, we did look into other options, but there is no local re-shipper near where I live (probably because of my proximity to the U.S.). Taking items across the border legally is not easy anymore – you use to just tell U.S. Customs what you had and they didn’t care. Now, you have to get a commercial permit to cross, use the “truck” lanes to make a declaration (they are always hours to wait in) and pay duty on anything you bring in (if applicable). You also have to have invoices and paperwork for everything, and can’t have it pre-packed. Too much hassle for the few dollars I would save on my U.S. shipments.
We also looked into this based on where we are moving, and the closest location would still be about 2 hours drive – so we’ll stick with Canada Post since it is in walking distance form our new place.0
12/04/2018 at 11:52 am #52646
- Location: Virginia
I’m currently waiting to be made redundant at a dead company that is retaining me to sit around in a warehouse all day. I am getting paid very well to do almost nothing – and the bonus at the end is great, along with the government benefits for losing my job. Therefore, the best decision is to wait it out.
This sounds like the opening of a movie about the current reality of Late Stage Capitalism. So many people have their identity tied closely to “what their job is”. The biggest step is doing what you’re doing: create an identity outside your job.0
12/04/2018 at 2:33 pm #52658
Yes – it is an interesting challenge to re-invent your identity, especially when you don’t know when the change will occur. Some days I can’t wait to get my pink slip, other days I think how I’m getting paid very well to sit around for another 8 hours and get to do whatever I want with a parachute at the end. The biggest challenge is accepting the transition, and coming up with a solid plan. I’ve done that, and now I just need to execute it when the time comes.
Our only challenge now is selling our current home and moving – however, that doesn’t even seem bad now that we know where we are going, and have lots of time to move our possessions.
It’s an interesting phase we’re going through – many people I worked with cried when they finally got let go, for me it may be one of the best days of my life. It’s just an odd feeling to be overly prepared and waiting, instead of being thrown into chaos when I’ve lost jobs in the past.0
12/04/2018 at 3:54 pm #52663
Retro Treasures WVParticipant
I was distraught the first time I was let go from a job. I had a young child and another on the way. My severance was crap, but luckily I had worked a TON of overtime the previous year so my unemployment pay was good. We had to use food stamps and WIC. I forgot who I was a person/professional. It took 6 months to get another job, and I was ready to walk away from engineering and become a teacher.
One might say I “Lost” myself during this layoff. I’m lucky my marriage survived.
It was a tremendous sigh of relief when I was let go from the next job. I so badly wanted to leave that job, but the pay was excellent. Safety was being neglected at my site, which was a chemical plant with multiple high hazard processes. I was surrounded by high concentration Formaldehyde and High Pressure CO all day and was on call 24/7. My supervisor literally said “you don’t seem too upset about this”. I had a new job secured within 2 months (would have been much sooner but HR was SLLOOOOWWWW). I took off an extra month before starting and took a nice vacation with family. I also started my ebay business. Also, my severance package was AWESOME! I collected 2 paychecks for the first several months at my new place.
One might say that I “found” myself during that layoff. I had the best summer of my adult life. Lots of quality time with my family.
If I ever get let go from my current job, I will be soooo pumped! This job is it for me. I don’t think I’ll ever go back to working for another company.
My day job does not define me in the least anymore. I don’t hold punches. I tell my boss what I really think. Everyone knows I have a backup plan. I put in my 40 hours and leave and make it clear I have no desire to give away “my” time.
Some days I can’t wait to get my pink slip, other days I think how I’m getting paid very well to sit around for another 8 hours and get to do whatever I want with a parachute at the end. The biggest challenge is accepting the transition, and coming up with a solid plan. I’ve done that, and now I just need to execute it when the time comes.
This. This every single day. I’ve been building this plan every day and having this mental debate every day now for more than 3 years.0
12/04/2018 at 4:04 pm #52664
Yep Retro, it is amazing the feeling you get when you can go your own way. Either having a second income (like eBay) that you can develop, being out of debt, or just having FU money. You become very liberated at that time.
I remember when Veronica and I first got together, both had debt (her from Student Loans and me from Credit Cards from my previous relationship), car loans, and hard to see out from that mountain. I then remember that we took second jobs (one of which was at 1:30 am) so that we could pay this all off. And most joyously when we paid off our last debt besides our house. Very freeing! And when the house is paid off, even more.0
12/04/2018 at 12:05 pm #52648
Very cool Inglewood! I will love seeing your journey and how it progresses…0
01/02/2019 at 3:12 pm #54396
Had to change my avatar as this month has been good to us.
Our month was split in two distinct parts – on Friday, December 14th I received a call (from someone I never met who now is my “boss”) letting me know that I didn’t have to show up to work for 3 weeks…not the call I wanted, but will take 3 weeks of pay to stay home…
Instead of wasting the opportunity of free time with pay, we pounced on it. Our current home is purged. We are down to the basics we need, and moved everything else up to our new place. It also gave us a good pile of things to list. It was a huge amount of work, but now we have one less thing to think about in our future. Our new place is completely gutted of everything we didn’t want. It is cleaned out, cleaned up, and ready to live in.
We were able to do my annual purge – anything over 16 months without sales on eBay was removed, relisted, or put into larger lots. At the same time, I was able to re-organize my eBay storage to ramp-up for 2019. Typically, I have about 200-300 items up, our goal is to ramp up to 500+ in the next few months.
Our upcoming challenges are going to be interesting:
Building Inventory – obviously, to increase our profit we need to invest in more items/capital. For us, the challenge isn’t finding inventory, it is how much we can afford, and how much time we have at the moment to list.
Time – I will have to return to sitting in a dark, empty warehouse from 9-5 every weekday next week. We’ll continue to scavenge Saturday, list Sunday, but may need to mix things up during the week or the odd Saturday to get items listed, or change how we scavenge (do we spend every second Saturday scavenging 9-9, then list during our free time at our leisure?). Do I exploit my unique work situation (I’m alone, with internet access)…
“Project Trigger” – this is our code for when I finally get released from my job – it is the day we have to pull the trigger on getting rid of our current home, moving the rest of our stuff, and planning our financial future with the proceeds from our house sale. This could happen any day – or drag on for months, maybe a year? I’m not sure how long I’m going to get paid to sit around in a huge warehouse alone, but the new corporate owners don’t seem to care to communicate with me much, and I’m pretty much left alone.
Other ideas for income – we have skills, hobbies that we can make money off of, and other interests or ideas outside of eBay – however, we are moving to a completely different community. What will work, and what won’t work? We’ll have to explore this as other options for income are something we’re both open to exploring and exploiting if they interest us.
January is going to be focused on building up our eBay business – scavenging and listing will be the focus for the next couple months. The ultimate goal (if possible) would be to have a good portion of our income post-job coming in while still employed, and therefore the transition will be very easy. Will update everyone in a month how far we got with building up our listings/sales.2+
01/02/2019 at 3:29 pm #54399
Sounds great Inglewood!
For me, if you can quickly jot down any info you need for a listing, take that paper (or photo of info) to your current job along with the photos, I would spend that downtime at work by getting listings done. Then when you are at home, you build up the photos and listing sheets there and actually do the listings at work.1+
01/03/2019 at 10:12 am #54440
@t-satt – that was my thinking as well. Do all the photos and any information (dimensions/defects) at home, do the rest of the photo editing, and listing at work going forward during the 7+ hours of downtime I have almost everyday…I might as well take advantage of the situation while I’m able to.0
01/03/2019 at 12:54 pm #54452
Like getting paid twice for the same hours…0
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