Use this trick to get ANYTHING without spending money!

Summary

In this video, Nicole introduces the 'Out with the Old, In with the New' challenge, where she aims to declutter her home by selling items she no longer needs to fund a new camera. She encourages viewers to identify a desired item, calculate its cost, and sell their unwanted possessions to accumulate the necessary funds. Nicole shares her process of gathering items from her home, estimating their value, and posting them for sale online, with the goal of motivating others to join her in this money-saving and decluttering journey.

Takeaways

• 🛒 The speaker, Nicole, introduces a challenge to obtain desired items without spending extra money by selling things no longer needed.
• 📷 Nicole wants a new camera but finds it hard to justify the cost, so she plans to sell items she no longer needs to raise the money.
• 💵 The challenge involves finding and selling unused or unwanted items around the house to reach a specific financial goal.
• 💡 Nicole reflects on past purchases that no longer serve a purpose, realizing these small expenses could have funded her new camera.
• 🧹 She uses the 'Out with the Old, In with the New' strategy, encouraging viewers to declutter and sell items they no longer need.
• 📝 Steps include: identifying the desired item, determining the cost, selling items, and tracking sales progress.
• 💬 Nicole encourages viewers to participate in the challenge, share their goals, and track their progress together.
• 🏠 Nicole begins by gathering items from her own home to sell, ranging from books to tech gadgets and household items.
• 📈 She stresses the importance of keeping a tally of sales to motivate oneself towards reaching the desired amount.
• 🔁 Nicole suggests repeating the challenge for other items or financial goals, like paying off debt or saving for future expenses.

Q & A

What is the main idea of Nicole's video?

The main idea of Nicole's video is to present a method for acquiring something one desires without spending new money, by selling items one no longer needs to accumulate the funds for the desired purchase.

What is the specific item Nicole wants to buy?

Nicole wants to buy a new camera that is better suited for video and YouTube content creation.

Why does Nicole feel frustrated with her current camera?

Nicole feels frustrated with her current camera, a six-year-old Nikon D3200, because it is not well built for video or YouTube content, making her content creation experience challenging.

How much money does Nicole estimate she needs to save to buy the new camera?

Nicole estimates she needs to save around a thousand dollars to buy the new camera.

What is Nicole's strategy to save money for the new camera?

Nicole's strategy is to declutter her home by selling items she no longer needs or uses, accumulating the funds needed for the camera.

What is the name of the challenge Nicole introduces in her video?

Nicole introduces a challenge called 'Out with the Old, In with the New Challenge'.

What are the steps Nicole outlines for the 'Out with the Old, In with the New Challenge'?

The steps include identifying what you really want, determining the cost, finding items in your home to sell, listing them for sale, tracking sales, and finally, treating yourself to the desired item once the goal is reached.

How does Nicole plan to track her progress towards the goal?

Nicole plans to track her progress by using a notes app to record every item she sells and the amount she sells it for, keeping a running tally.

What is the broader purpose of Nicole's challenge beyond buying a new camera?

The broader purpose of the challenge is to declutter one's home, save items from landfill, and potentially help others get good deals, while also providing a method to save for future desires or needs.

How does Nicole suggest using the challenge for those who don't have a specific material item they want?

For those who don't have a specific material item they want, Nicole suggests using the challenge to pay down debt, save for the future, or invest in other financial goals.

Outlines

00:00

📹 The 'Out with the Old, In with the New' Challenge

Nicole introduces a challenge where she aims to acquire a new camera without spending any extra money. She plans to declutter her home by selling items she no longer needs or uses, accumulating the money needed for the camera. Nicole shares her personal experience with wanting a new camera to improve her YouTube content quality but being hesitant due to the cost. She reflects on past purchases and how the money spent on less important items could have been saved for something more valuable. Nicole encourages viewers to join her in this challenge, outlining steps to identify a desired item, determine its cost, and sell unused items to fund the purchase. She emphasizes the benefits of decluttering and making mindful financial decisions.

05:02

🏡 Starting the Decluttering Process

Nicole begins the process of decluttering by searching her home for items to sell. She finds a variety of items including books, a lens for her camera that she doesn't use, a decorative wooden board, non-functioning knock-off AirPods, a dog grooming tool, and a collection of PlayStation games. She estimates the value of these items and plans to list them for sale online. Nicole discusses her previous experience with flipping items for profit and how this challenge differs as it relies solely on items she already owns. She also mentions her intention to visit her mom's house to find more items to sell, acknowledging her minimalist lifestyle which makes finding items to sell a bit challenging. Nicole invites viewers to follow her journey on YouTube, engage in the comments, and participate in the challenge.

Keywords

💡Minimalism

Minimalism is a lifestyle and design philosophy that emphasizes simplicity, focusing on reducing material possessions to the essentials. In the video, Nicole discusses how she initially embraced minimalism by purging unnecessary items from her closet, which led to both financial gains and a more organized living space. This concept is central to the video's message of decluttering to achieve financial goals.

💡Decluttering

Decluttering refers to the process of removing unnecessary or unused items from one's living space. In the video, Nicole plans to declutter her home by gathering and selling items she no longer needs or uses to fund a new camera purchase. Decluttering is presented as a practical approach to both simplify life and generate extra income.

💡Reselling

Reselling involves selling previously owned items to others, often through online platforms like eBay or Facebook Marketplace. Nicole describes her plan to resell items she finds in her home to raise money for a new camera. This concept is key to her strategy of funding a significant purchase without using new money.

💡Guilt-Free Spending

Guilt-free spending is the idea of making a purchase without feeling regret or financial anxiety because the funds were obtained through responsible means. In the video, Nicole emphasizes that by selling old items to fund her new camera, she can make the purchase guilt-free, knowing that she hasn't dipped into her savings or incurred debt.

💡Out with the old, in with the new

This phrase captures the video's main challenge: replacing old, unused items with something new and desired. Nicole introduces this concept as a way to motivate viewers to declutter their homes and fund new purchases, turning their old possessions into something of greater value.

💡Financial Justification

Financial justification is the process of rationalizing a purchase by considering its value or necessity relative to its cost. Nicole discusses how she struggles to justify spending $1,000 on a new camera, despite recognizing its potential value for her YouTube content. This reflection leads her to find an alternative way to fund the purchase.

💡Window Shopping

Window shopping refers to browsing and admiring products without the intention or ability to purchase them immediately. Nicole describes how she often finds herself window shopping online, which triggers her desire to acquire new items, even when it's not financially prudent. This behavior is contrasted with her more deliberate approach to making meaningful purchases.

💡Sunk Cost Fallacy

The sunk cost fallacy is the mistaken belief that one should continue investing in something because of the money or time already spent on it, even when it's no longer beneficial. Nicole hints at this concept when she reflects on past purchases that seemed worthwhile at the time but no longer serve a purpose, leading her to wish she could reclaim that money for something she currently values more.

💡Upgrading Equipment

Upgrading equipment involves replacing older tools or devices with newer, more advanced versions to improve performance or meet current needs. Nicole's desire to upgrade her six-year-old camera reflects this concept, as she finds her current equipment inadequate for her growing needs as a content creator on YouTube.

💡Financial Goals

Financial goals are specific monetary objectives that individuals set to manage their finances effectively, such as saving for a large purchase or paying off debt. Nicole encourages viewers to set their own financial goals, like saving for a new item or paying down debt, and to achieve these goals by selling unneeded possessions, thereby aligning their spending with their priorities.

Highlights

Introduction of Nicole's dilemma about wanting to buy a new camera but not wanting to spend money on it.

Proposal of a method to acquire desired items without spending any money out of pocket.

Description of the common struggle of wanting to buy things but being unable to justify the expense.

Nicole's personal story of using an old camera and the desire to upgrade for better YouTube content.

The realization that a thousand dollars is a significant amount and not an easy decision to spend.

Nicole's reflection on past purchases and the desire to trade them for the camera she wants now.

The idea of decluttering and selling items to fund a new purchase without additional spending.

Nicole's past experience with minimalism and selling clothes to fund new wardrobe items.

Introduction of the 'Out with the Old, In with the New' challenge.

Step-by-step guide on how to identify what you want, calculate the cost, and start selling items.

Encouragement for viewers to participate in the challenge and share their goals.

Nicole's plan to sell items from her house and her mom's house to reach her financial goal.

The benefits of decluttering, saving money, and helping the environment by selling items instead of buying new ones.

Nicole's excitement to start the challenge and her plan to update viewers on her progress.

Call to action for viewers to like the video and engage in the comments section.

Closing thoughts on the challenge and Nicole's anticipation for her new camera.

Transcripts

hey what's up i'm nicole

and i have a question for you what's

something you've had your eye on for a

while

something you've been wanting to buy but

maybe you can't quite afford or maybe

even if you could afford it you just

can't quite justify spending the money

on it right now

what if i told you there's a way you

could get that thing whatever it is

without spending a single dollar out of

pocket

in this video i'm going to show you how

so if you're anything at all like me you

probably find yourself in this situation

fairly often

window shopping online looking at all

sorts of nice things but knowing deep

down that you just can't reasonably

spend money on everything that you want

all the time

but every once in a while something in

particular really grabs your interest

and you really want to have it you know

whether or not it's a sound financial

decision for you at that moment

in my case right now the thing that i've

had my eye on is a new camera you can't

see it because i'm obviously filming

with it right now but i'm actually using

a six-year-old nikon d3200

and as much as i'm brand new here to

youtube and i'm trying my best to

make deal with what i have and use the

equipment i already have on hand

i'm finding this to be a really

frustrating experience camera is

definitely just not well built for video

or for youtube content so

i'm doing my best but i'd really like to

upgrade and so i've started looking

around online at various different

camera options that are better suited to

my current needs

and while i haven't quite pinpointed

exactly which model i'm interested in

i realize that one way or another i'm

going to wind up spending around a

thousand dollars on a new camera

and that's hefty and you could

definitely make the argument that if i'm

going to put it to good use and make

lots of content from it that it's a

worthwhile investment and i've

considered that too but at the end of

the day

a thousand dollars is a thousand dollars

and it's not a small sum of money

and so i started looking at my current

camera setup and thinking back to when i

bought it about six years ago and

remembering that i spent about five

hundred dollars on it which

you know is half the money that i would

need to get the camera that i want now

and obviously as time goes by your needs

change and your desires change and i was

very happy to have this camera at the

time that i bought it but

today i wish that i could trade it back

for that 500 and go and buy the one that

i actually want

and it got me thinking about all of the

other things that i've spent money on

over my lifetime that

probably seemed like a good idea at the

time but that i have no need or want for

today and you know

the fact that these things just kind of

sit around my house and i'm quite

certain that you know the 10

that i've spent here the dollars that i

spent there the hundred dollars that i

spent there

that if i was to add up all the money

that i've spent on silly things over my

lifetime it probably far exceeds a

thousand dollars

and again i know that's not quite how

life works and we all do these things

but it got me thinking about the fact

that i'm spending so much time

considering whether or not this thousand

dollars is a good use of my money to buy

a new camera

meanwhile we all waste little bits of

money here and there and it quickly adds

up to at least that much

and again that got me thinking that i

wish i could go back in time and not buy

myself all of these silly things that

i've bought over the years

and instead put that money towards what

i actually want today and that got me

thinking that that's exactly what i'm

going to do

so i've decided i'm going to go around

my house and i'm going to collect up as

many things as i possibly can that i no

longer need and no longer want and no

longer use

we're talking anything whether it's

worth two dollars or two hundred dollars

and i'm going to collect up as much

stuff as i can and i'm gonna start

selling all of those things

until i reach that one thousand dollar

mark and once i've sold enough stuff to

completely cover the cost of a new

camera i will confidently go and make

that purchase and feel good about it

knowing that i literally took a whole

bunch of junk and traded it for

something new that i actually want

and i know for sure that this is gonna

work because on a smaller scale i've

done it before

one of the very first things i did when

i first got into minimalism was purge my

closet i cleaned out

dozens and dozens of pairs of jeans and

sweaters and i sold them all online

and i made a few hundred dollars and

then i took that money and i went and

invested in some nice new clothing that

i actually wanted to wear

and so i'm going to call this the out

with the old in with the new challenge

and i'm going to encourage you guys to

do it with me

super simple here's what you have to do

step one ask yourself what you really

want

pick something it can be anything it can

be a new phone it can be a new computer

it can be a vacation

once we're allowed to travel again but

honestly pick whatever you want it can

be a few hundred dollars or even a few

thousand dollars

step two is figure out how much money

you're gonna need to get it

step three leave a comment down below

and let me know what it is that you're

saving up for step four

get to work start rummaging through your

house find everything and anything you

can

that has any sort of value every dollar

counts you'd be shocked how quickly one

dollar turns into 10 which turns into

100 which turns into a thousand

step five post all your stuff for sale

doesn't matter what platforms you use

use whatever works best for you

facebook marketplace craigslist kijiji

ebay do what suits you the goal here is

just to get rid of as many things as you

can for as much money as possible

step six is to start tracking your sales

use the notes app in your phone or on

your computer to start writing down

everything you sell and for how much

money you sell it for

it's really important to keep a running

tally so you can see yourself inching

closer to your goal

step seven is the fun part you've sold

all of your stuff

you've made your money you've hit your

target go treat yourself

guilt-free not only have you now given

yourself the opportunity to buy yourself

something nice and new

without spending a single dollar out of

pocket but in the process you've also

decluttered your home saved a whole

bunch of things from going to the

landfill and allowed a bunch of other

people to get some really good deals

sounds like a win-win win win to me and

step eight

is to do it again ask yourself what else

is on your list and keep in mind it

doesn't even have to be a material item

it can be something like paying down

your debt

uh in fact if you're in debt maybe start

there pay down your debt first

but it can be paying down debt it could

be saving for your future or getting

some extra money to throw into your

investments

and if there's literally nothing else on

your list at the moment why not take the

opportunity to just get a head start for

whatever comes next

inevitably there's going to be something

else that you want or need at some point

probably not that far off from now

so why not just start accumulating money

towards it right now personally i'm

super excited to get started on this

camera mission i'm really eager to be

able to get my new camera as soon as i

can and so i'm going to start right now

i'm going to go right now start looking

around my house and collecting up as

many things as i can and start getting

my sales going

come with me let's go see what i can

find

[Music]

how much do we think this guy's worth eh

probably not that much might as well

just keep him i guess

[Music]

all right so this is the first round of

stuff that i found not a huge amount of

stuff but just the first batch

got a cookbook i've got some regular

books that i've already read and don't

want anymore

this is actually one of the lenses that

goes with my current camera that i never

ever use though it's like a 70-200 i

have no need for a zoom lens like that

so i'm getting rid of that right now

this is a chartery board or like a

wooden

board of some sort that's actually made

by a guitar company

i was gifted it from a very very old job

i had a long time ago and i've never

used it

so somebody will want that i've got

these knock-off air pods

that aren't working out for me and a

fancy schmancy dog grooming tool also

this is a box of video games was

actually sitting at my mom's house for a

long time after i moved out and she's

been nagging me to get it out of her

house

and yeah it's a bunch of playstation

games and i don't even own a playstation

anymore because i sold the console a

long time ago

so that's an easy thing to get rid of so

i'm hoping that

just you know from what's on this table

alone i've got probably

probably two probably over 200

worth of stuff just here so i'm gonna

start taking pictures of this stuff and

posting it up online

and i will check back with you guys in a

few

all right so i'm gonna get started today

by posting all of this stuff up online

we're starting today at zero dollars and

i'm gonna keep doing this until i hit a

thousand or twelve hundred dollars or

whatever amount i determine that i need

once i decide i don't know which camera

i want to buy in the past i've made a

video about my experiences flipping

things online which is when you go out

and you buy stuff specifically

with the intention to resell it out of

profit and that's still a totally legit

way to make money

but the thing is that you still need to

spend a little bit of money up front to

get some inventory to sell

and so i'm not doing that with this

particular challenge i'm trying to work

exclusively with what i have in my house

and to be honest with you it's gonna be

a little bit tricky because i only moved

into this place about a year and a half

ago and i've kept everything very

minimal so i don't own

a lot of stuff but i'm gonna see what i

can do because i'd imagine i probably

still have more things than i think i

have

when i have a chance i'm also gonna go

to my mom's house and rummage through

all the stuff that i've left there

she's been nagging me for the last year

and a half to take all of my crap out of

her house so i'm sure she'll appreciate

that

and again i'd probably have a whole

bunch more stuff there that i can sell

for some extra dollars and once again

i'm calling this the out the old in with

the new challenge and i'm encouraging

you guys to do it with me i will be

keeping you updated so make sure you

subscribe to the channel so you don't

miss out on any of the update videos

as i keep you in the loop as i'm

starting to make a little bit of money

an inch closer to my goal

and if you found any value at all in

this video please go ahead and hit that

like button as well i'm brand new here

on youtube it would help me out

tremendously and i'd really appreciate

it

and let's get that conversation going in

the comment section below let me know

what's on your wish list and what you're

gonna do about it

other than that thank you guys so much

for watching and i'll see you in the

next video