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This is Money Podcast

Build up a cash pot then buy and sell your way to profits: Never Go Broke/This is Money special

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 β€’ 650 Ratings

πŸ—“οΈ 7 May 2021

⏱️ 55 minutes

🧾️ Download transcript

Summary

This week saw the launch of new book - Never Go Broke: How To Make Money Out Of Just About Anything, co-written by This is Money personal finance editor Lee Boyce.

In this podcast special, Lee is joined from Los Angeles by his co-author, Storage Hunters TV star Jesse McClure, to explain all to Georgie Frost and Simon Lambert.

Jesse and lee discuss how they met, how the book was created, and their three step approach to putting more money in your pocket with a little bit of entrepreneurial endeavour and reselling.

The book is broken down into three parts: how to build up a cash pot, learning the resale blueprint and investing the pot for resale profits.

Step one is all about properly selling items in your home, making cash legitimately – and safely – online, and even making money from stuff you might think is trash. This is good both for your wallet and the environment.

Step two sees Jesse outline some of the tips and tricks he uses everyday as a professional buyer and seller, while step three is all about hunting down spots to buy items to make even bigger profits – from car boots, to charity shops.

While it won't make you a millionaire overnight, the pair believe it can be a great hobby, a way to stay afloat, or to set the foundations to becoming a professional at it.

The authors also share some of Jesse's big wins and tips for getting started straightaway.

Transcript

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0:00.0

Welcome to This Is Money Podcast. I'm Georgie Frost. Stand alongside me and assistant editor Lee Boyce today is Jesse McClure and editor Simon Lambert. And coming up, as you can probably already tell, this is going to be a rather special podcast. Simon has not been demoted, perhaps maybe just for one day. Because you see, in this episode, we're going to teach you how to never go broke and make money out of just about anything.

0:24.3

Why, you ask, because Lee has literally written the book about it.

0:28.7

Alongside TV resale king, Jesse McClure, who's joining us from LA, has this podcast ever been more glam?

0:34.6

They are the modern day money men, according to the blurb, and they're

0:37.7

going to teach us how to build up a cash pot, learn our resale blueprint, and invest the pot for

0:43.5

resale profits. Don't forget you to abstain with all the latest breaking money news, just go to

0:47.9

this ismoney.co.uk or download the app. But first, Lee, Jesse, congratulations. Lee, give us the minute sales pitch

0:57.8

to wet our appetite properly. Oh, God, that's so difficult, Georgie, isn't it? Are you using up your

1:03.0

seconds? Come on. Come off it. This book is not a get-rich-quit book, right? We're not going to make you

1:10.0

millionaires overnight with this book. What this book is all about is little wins, little things you can do

1:15.1

to make money and to make sure that you never go broke, hence the title. Now, what we do in

1:20.5

this book is split into three parts. And part one is all about making a free cash pot. So

1:26.5

if you visualize having a piggy bank with nothing in it,

1:30.3

and then you go around your home,

1:32.0

you look for ingenious ways to kind of fill up the coffers,

1:34.8

make that piggy bank get fat.

1:36.8

You then use that piggy bank to go into step two,

1:40.3

which is where Jesse largely unloads lots of his secrets,

1:43.8

lots of his tips.

1:44.7

You know, he's a professional resale person.

1:47.2

That's what he's done his whole entire life.

1:49.2

You know, his job is to do that, buying and selling.

...

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