read a few posts about its illegal to sell guns to make a profit. I understand if a person is trying to be a backyard unlicensed dealer. But isnt making a profit the basis of Capitalism?
I've got a few hobbies and I am not a car dealer, gun dealer, or a antique shop.
I do enjoy collecting things I like to build hotrods as a hobby (currently have 3 running). But I try not to buy my stuff new. Mainly because you never get your money back from a new purchase. If I want different wheels on my chevelle, I will wait until I find a set used and never pay more than 250 bucks a set with tires. The old set will get put away or sold for what I paid or more.
When I buy a gun, I try to follow the same reasoning. If I find a great deal on one and its something I want, I'll buy it. I get it home, clean it, fondle it, maybe shoot it. Then its been there done that so the next time I need some cash for another purchase its for sale. The sale price is same or for more than I paid.
I dont think there is anything wrong with this practice.
I know folks that go out and buy things brand new and when they tire of it sell it for alot less than what was paid for it. I see that as foolishness and money wasted. (We did buy a few new cars so we're guilty).
at what point is it being frugal vs. making a profit? jim
I've got a few hobbies and I am not a car dealer, gun dealer, or a antique shop.
I do enjoy collecting things I like to build hotrods as a hobby (currently have 3 running). But I try not to buy my stuff new. Mainly because you never get your money back from a new purchase. If I want different wheels on my chevelle, I will wait until I find a set used and never pay more than 250 bucks a set with tires. The old set will get put away or sold for what I paid or more.
When I buy a gun, I try to follow the same reasoning. If I find a great deal on one and its something I want, I'll buy it. I get it home, clean it, fondle it, maybe shoot it. Then its been there done that so the next time I need some cash for another purchase its for sale. The sale price is same or for more than I paid.
I dont think there is anything wrong with this practice.
I know folks that go out and buy things brand new and when they tire of it sell it for alot less than what was paid for it. I see that as foolishness and money wasted. (We did buy a few new cars so we're guilty).
at what point is it being frugal vs. making a profit? jim