Things You Should Be Doing to Reduce What You Own

Most of Your Stuff Is Worthless. The stuff you love the most, the stuff you think is so good you don’t use for fear of breaking it, has little to no resale value. From china, crystal, flatware, silver trays, serving pieces, tea sets, pianos and collectible figurines, to grandfather clocks and real pieces of craftsmanship furniture.
Why? Baby boomers have glutted the market with their castoffs, and millennials, don’t want it. Millennials hate both formal in-home entertaining. With looming student loans, they tend to rent and move often. Who wants to be constantly moving a piano from apartment to apartment?
And furniture? There’s no market for so-called “brown furniture,” meaning any furniture (regardless of quality) other than the “mid-century casual” furniture (think clean, lightweight) favored by millennials. Brown furniture is basically firewood.
Well, Almost Everything. What do guns, LPs (records), and precious metals/gems have in common? They are the few things you might have in your house with a robust resale value. Silver also has value, but only if it is real and can be melted down.
Be viciously thoughtful about holding onto sentimental items. Keep just enough that reminds you of who owned it, but not so much stuff that your children/grandchildren will need to deal with. That means they box it and shoved under a bed or out of sight, out of mind into the attic.
How do you get started? Let children/grandchildren select 1 or 2 pieces of jewelry, Christmas ornaments etc. so that if they want, they have a special remembrance. You giving away these items and seeing the joy in preserving a memory of a special family member is priceless.
Set aside photos to be digitized (with the originals then destroyed). Don’t save any school papers, report cards, awards or art projects from grown children.
Buy fewer books. While used book resellers do an important service in keeping books in circulation, a surprising number of books end up in landfills because many paper recycling facilities can’t process the the glue that binds book spines. Cut down on your book consumption by only reading books that are borrowed from the library or purchasing ebooks.
Buy fewer, but better quality, clothes. The world is overflowing with used clothing. Clothing today is meant to last no more than a few years. In fact, a lot of clothing isn’t even made to withstand more than a few washes. Think you are “paying it forward” but dropping off a load of unwanted clothes at a charity shop? Think again. Most clothing donations never make it to the racks are only about a third of what does eventually sells. Cut down on the amount of clothing you have by buying better quality clothes that last longer.
Start Using Everything. Why hold on to family china, silver, crystal to only use it maybe twice a year, that is if the children/grandchildren come home for the holidays. You deserve to be using your best. If it breaks or gets damaged, don’t worry. Remember, your children/grandchildren will just be selling it for pennies on the dollar at a garage sale after you're Dead And Gone. So, use what you Love and Toss what you Don’t!







