Is It Time To Sell My Vinyl Rig?

"Do I need psychoanalysis? Yikes!"

Maybe to start with a pet first?

chakster,

You got me. I was really just playing with simple numbers to see how good of a business it would really be. I had no firm agenda or message behind it.

Now, you made me think what the moral of the story/calculations would be. I think I would want to say "There are more efficient ways to become a millionaire". Someone may like it, but 66 000 of whatever money a year is a very slow way to a millionaire. The trick is that being a millionaire is not what it used to be. Take U.S.A. as an example...

• Full-time working men in 2019 had median earnings of $57,456

66 000 a year is less than 20% more than that median income.

I am sure examples you gave have done well, but it is a lots of fine work, apparently it has to be a number of people/employees involved, organization, etc. And with all that effort, 15 years and lots of luck to get above median earnings. For the love of it, a person can get lucky and enjoy, but as a career choice, there are more reliable ways to become a millionaire.

What Is the Average American Income in 2021? - PolicyAdvice

chakster,

"There are records that goes for £1000+ each!"

I took that into account. That would be 1000 records for a million, assuming each record is priced that high. Over 15 years, it is one record sold every six days, or so. So a bit more than one a week. That would certainly make it for less demanding work with packing and shipping. If that were a case, that warehouse for 1000 records would not be that large. Slightly larger closet, if even that much. Maybe "warecloset" instead of "warehouse".

Of course, if a person bought real warehouse full of records, let’s say 100 000 of them to sift through and look for those that could be sold for £1000 each, it would make sense, but it would bring us back to a lots of work.

Assuming that a person works from Monday to Friday for those 15 years, she/he would have to check about 25 records a day. For a work day of 8 hours, slighly more than 3 records an hour. Slightly less than 20 minutes per record.

During that time, a person can pick those expensive ones and sell them, assuming they sell as soon as they are found in the warehouse. Packing and mailing them will take some tome away from checking what is in those 100 000 records so it will have to be more than 3 per hour checked.

Still, it does not seem to be that great of a business plan as records bought must have cost some money, too. Not to go into storage space, advertising, etc. And, of course, in my example no millionaire paid any tax anywhere. For that, to become a millionaire, a person has to increase all the above numbers by whatever tax rate is.

"Digital can’t replace physical object."

Hmmm, ever heard of video games?

"...dealers who purchased a warehouse of record at that time become millionaires in 15 years..."

What money is that in? If Dollars, Euros, or even British Pounds, it is not that lucrative of an enterprise. About 66 000 a year. Some 5000 a month. Barely over Tekton Moab. Not calculating that those dealers had to purchase a warehouse, too, to keep those records for all those years. Selling tons of records for that money (170 of some money a day, every day for 15 years) means you are packing and mailing all day long for full 15 years. Really, not that good of an investment.

"Digital sucks!"

Definitely! See what can be written on these devious computers.

"Septoplasty."

Wooo-hoooo!

Baloon comes back more often than you want it.

Is this a "Guess the surgery" game?

Bariatric vs. septoplasty?

"Will I regret this afterwords?"

It depends how successful the surgery is.