What is the net worth of the baseball/sports card collector?

[mfw13]

My collecting habits haven't really changed all that much as my net worth has risen.

I've still never spent over $500 on a card, still collect on a budget (currently $12K a year), and still refuse to pay more for a card than I think it's worth no matter how badly I want it.

And as everybody on here knows, I'm one of the biggest kvetchers around about wax prices, since I really miss opening wax just for fun.

The area of my life where spending has increased a lot is travel.....my wife and stay in nicer hotels than we used to, always fly first class for overnight international flights, and always pay for Economy Plus domestically (I'm 6'1").

Receiving good value for my money is still just as important to me as it's always been....

[DR Murph]

Originally Posted by hermanotarjeta

It also depends how much you spend a year. I know professionals who make a high income, but have a lower net worth because they spend everything they earn and don’t save.

It sure does, and I know them too.

[hxcmilkshake]

Originally Posted by asujbl

I stopped posting. No one seemed to care unless it was Football and even that was sporadic

Your pure gluttony for omelettes turned me off.

Sent from my SM-S928U using Tapatalk

[mattglet]

Originally Posted by asujbl

I stopped posting. No one seemed to care unless it was Football and even that was sporadic

I definitely lurked that thread a lot.

[green4407]

Well I have $65 less net worth now than I did an hour ago. My poor family grabbed a "mega box" from Target while back to school shopping.

Turned $70 into $5 real quick.

Wilson is a prism so $3. That's the best card.

[jkampis]

Originally Posted by asujbl

I literally had a meeting about this today… well not about this but it was BS’ing about this

A guy I was meeting with just spent $20K on a golf trip to Scotland. He did it up as much as you could. It sounded amazing. He had the best time

I love golf

I have no interest in doing that. I just don’t

I’d rather buy a $10K card and invest $10K or take the long weekend to Nashville, Chicago, and whatever….

It’s super interesting to me (seriously) how people spend money

To be fair, spending $10k for a “long weekend” in Nashville or Chicago sounds nuttier than spending $20k on a Scotland golf vacation.

[premium1981]

Originally Posted by jkampis

To be fair, spending $10k for a “long weekend” in Nashville or Chicago sounds nuttier than spending $20k on a Scotland golf vacation.

All about perspective. I've spent jaw dropping amounts of money on a cruise to Norway, 2 trips to Hawaii, and a Christmas river boat cruise in Europe in Dec this year. But I won't buy a new pair of Brooks sneakers unless they are on sale. Again, all about perspective. My wife and I decided to travel and enjoy the beautiful places of this world while we were still young enough to enjoy it and we will have these memories forever. Or until I get dementia. Holding all of that money back to travel in our 70's and 80's after retirement doesn't have the same appeal, and we may never live to see it. So I consider it money well spent. I wouldn't trade our travel memories for any amount of money. Some people think $10k on a weekend trip is a lot. Some people think $20k on a European vacation is a lot. And some people think $100 a night for a camping spot is a lot. If you have it, you can afford to spend it, and you enjoy what its being spent on I think its awesome. Enjoy your life. I've been to over 40 countries now. One thing the US has backwards compared to the places I have been is a level of stress we carry around every day. And large amounts of it are placed on ourselves by our own doing. Trim that out when you can and enjoy life a bit more. Whatever that enjoyment includes.

[NYRE2PECT]

Originally Posted by premium1981

All about perspective. I've spent jaw dropping amounts of money on a cruise to Norway, 2 trips to Hawaii, and a Christmas river boat cruise in Europe in Dec this year. But I won't buy a new pair of Brooks sneakers unless they are on sale. Again, all about perspective. My wife and I decided to travel and enjoy the beautiful places of this world while we were still young enough to enjoy it and we will have these memories forever. Or until I get dementia. Holding all of that money back to travel in our 70's and 80's after retirement doesn't have the same appeal, and we may never live to see it. So I consider it money well spent. I wouldn't trade our travel memories for any amount of money. Some people think $10k on a weekend trip is a lot. Some people think $20k on a European vacation is a lot. And some people think $100 a night for a camping spot is a lot. If you have it, you can afford to spend it, and you enjoy what its being spent on I think its awesome. Enjoy your life. I've been to over 40 countries now. One thing the US has backwards compared to the places I have been is a level of stress we carry around every day. And large amounts of it are placed on ourselves by our own doing. Trim that out when you can and enjoy life a bit more. Whatever that enjoyment includes.

I don't think you can go wrong investing in memories, especially family ones, if you can do so within whatever means are available to you!

[premium1981]

Originally Posted by NYRE2PECT

I don't think you can go wrong investing in memories, especially family ones, if you can do so within whatever means are available to you!

Absolutely. I didn't grow up with money, and I have 3 siblings. So a lower-middle class family of 6 total there was no eating out or nice vacations. Our vacation each year (if we got one) was camping in small camper and spots were $35 a night. But its some of my fondest memories from my childhood. And looking back I know just how hard my parents had to work to even make that happen. Family is everything, and any kind of special time I am able to create is worth it. Our world is so different now than it was when I was a kid. We didn't have all the social media distractions and other garbage that we deal with now that disconnects everyone. Life is short. Create memories with those you love while you still have them and are able to do so.

[carlo16]

Originally Posted by jkampis

To be fair, spending $10k for a “long weekend” in Nashville or Chicago sounds nuttier than spending $20k on a Scotland golf vacation.

I don’t think he’s spending 10k in Nashville. Seems like asjubl has some dough but also seems like a fairly normal guy. 3 nights in Nashville without going out of your way to be bigtime is probably 6k tops.

[asujbl]

Originally Posted by carlo16

I don’t think he’s spending 10k in Nashville. Seems like asjubl has some dough but also seems like a fairly normal guy. 3 nights in Nashville without going out of your way to be bigtime is probably 6k tops.

Correct

I was being hyperbolic

I just meant I’d rather take long weekend trip to Nashville and have a $10,000 card then I would a $20K golf trip

That just doesn’t appeal to me

If I still have $5,000 left then even better. Haha

[Phoneboy]

Originally Posted by imbluestreak23

I have a paid off Volvo, paid off taco and fully maxed out probably underwater corvette that I absolutely love

I must be the only person that enjoys cars and cards

Weird

I might like cars more than I like cards.

Currently have a '69 Bronco with a Coyote V8 and a '72 K5 Blazer with a LT1. I'm in the process of building a '88 FJ 62 Land Cruiser with a LS3.

[Phoneboy]

A tip for you wealthy folks with assets all over the place. This is something that I have been doing for years, but the importance of it came to light after the passing of a friend who left his family scrambling to figure out where everything was.

I have an envelope with my kid's names on it. It's sealed, but they both know where it is.

Inside this envelope, I have listed every single account and asset that I have with the approximate value.

I list:
cars and where the titles are
boats and where the registrations are
properties that I own and their respective addresses
where my original will is
all of my accounts with account numbers and who to call
where my life insurance policy is held
where my crypto wallet is and how to access it
my cards in a spreadsheet with what I paid for them
my attorney's name and phone number

I update it from time to time, but I make a point to update it if my wife and I leave the country.

Just food for thought.

[oddstuff]

Originally Posted by Phoneboy

A tip for you wealthy folks with assets all over the place. This is something that I have been doing for years, but the importance of it came to light after the passing of a friend who left his family scrambling to figure out where everything was.

I have an envelope with my kid's names on it. It's sealed, but they both know where it is.

Inside this envelope, I have listed every single account and asset that I have with the approximate value.

I list:
cars and where the titles are
boats and where the registrations are
properties that I own and their respective addresses
where my original will is
all of my accounts with account numbers and who to call
where my life insurance policy is held
where my crypto wallet is and how to access it
my cards in a spreadsheet with what I paid for them
my attorney's name and phone number

I update it from time to time, but I make a point to update it if my wife and I leave the country.

Just food for thought.

Definitely something to do for your love ones if you don't want the stuff you've built up not easily accessible when you're gone. I had started an excel list detailing most everything but things became really real when in-laws passed away 3 years ago within 6 months of each other and then 6 months after that I had a heart attack. Now I regularly update my sheet and give the updated version to my wife as well as my sister and talk about it with them regularly in case new questions come up in their minds. It's not morbid (at least that's what I tell them)...it's just good sense. Also if you have any retirement accounts, be sure the beneficiaries are current.