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In the world of Save. Spend. Splurge.: Resale is on the Rise & beating Retail

I found this report on the resale market (of which I am proud member of), fascinating, particularly the part about it growing to $33B in the next 4 years and that my generation (Millennials) are motivated by the environment rather than by money, and those over 65, by the cost savings.

I’d say I’m motivated by cost savings first, then the environment as a nice bonus.

The most fascinating part of course, is the net worth of said shoppers.

Mine is hovering around the $500K mark, but between my partner and I, we’re already millionaires. He has a hang-up about secondhand (traumatized from his childhood), whereas I had secondhand clothes as a child as well but am embracing it a lot more these days.

And finally, retail is outpacing resale.

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Sherry of Save. Spend. Splurge.

Am my own Sugar Daddy. Am a millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I have 11 side incomes that are on track in 2020 to make me $50K - $75K. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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In the world of Save. Spend. Splurge.

Posted on July 25, 2015

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  1. Kandice

    I’ve recently learned about Poshmark (an app) that combines social, fashion, and secondhand clothing. I started a “closet” there. Users can shop other people’s closets and Poshmark does all the backend administration stuff. It’s brilliant. I’m not sure if they’re international yet, though.

    1. Sherry of Save. Spend. Splurge.

      No 🙁 They are only American 🙁


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