Saturday, 13 March 2010

The car boot fair

Mr Piper, my good friend and millionaire mentor has a habit of going to car boot fairs to look for bargains, mostly every weekend. I decided I would try to take on this habit myself to get an insight into why he does it. I finally got around to going to my first car boot fair this week. Here's what happened:

I found out about a regular car boot fair in my local newspaper. Travel time was only 10 minutes by train. When I arrived, quite a lot of people (hundreds) were there. I was amazed that so many people had turned up to look for bargains. They had actually got out of bed early and put in the effort to attend the fair.

The sellers seemed a ragtag bunch of people, who I felt could have made more effort to present their goods, with many of them having simply thrown their items onto the ground. In many cases, presentation could definitely have been improved. There were not many price tags like you would normally see in a commercial shop, and for some reason this put me on edge, almost as though the sellers could make up any price when asked.

Of all the items being sold, the household relics, ornaments from peoples pasts stood out to me the most. It made me think of how silly it is to hoard items, and to buy lots of expensive consumer goods, as in the end, they will simply be sold off as junk.

As I looked at the car boot fair environment, I felt I was looking into the mind of Mr Piper, after all he spends his time going to car boot sales for a reason. I saw how items can be picked up for low prices if you go to the right places. I saw that many people will put in the effort to wake up very early and travel to the fair in order to buy and sell goods. If they can put in that effort then it proves that there are no excuses for most people to not try to do whatever they can to improve their finances by buying or selling cheap items.

I don't think going to car boot fairs will become a regular habit for me, as the items seemed a bit too random so I would rather use eBay, but at least I went along for a look. I purchased one item only, a piggy bank for 50p. I finally sought out a car boot fair, and I can go to another one any time I like, so I have added another financial tool to my inventory should I ever need it.

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Straight from the horses mouth