Sometimes, while doing some financial planning for future expenses, you may be on the lookout for a bit of extra cash. When listing your assets, you may only think of property, vehicles, and stocks. Have you considered checking the storage you haven’t itemized in ten years, the boxes in your basement, or even the inside of your mouth? Here are three unexpectedly valuable items you may have right under your nose.
Comic Books and Magazines
The most expensive comic book ever sold was a copy of Action Comics #1 that was sold by actor Nicolas Cage for over $2 million, according to Dave & Adam’s Card World. Later editions can be quite valuable as well. For example, Tales of Suspense #39, the first appearance of Tony Stark, is worth up to $350,000. Old magazines usually don’t sell for near as much, but they can be easier to come by. If your great aunt had a subscription to Vogue 30 years ago and has a stack of them in her basement, selling each at $20-$50 can really add up.
You probably think you don’t have any precious metals just lying around, but perhaps you’re just not looking in the right place. Many people today opt for resin fillings and crowns over gold because they look more natural and cost less money. Nevertheless, dental gold is still available, and millions of people have gold crowns and fillings. Though gold is the longest-lasting option for a dental crown, it may need to be replaced after several years, and asking your dentist to keep your old gold crown could be worth it. According to CrownBuyers, with the price of gold at $1000 per ounce, an average gold crown is worth $57.
Many families have stacks of old vinyl records sitting beside their retired record players. Because of track changes, limited releases, and early withdrawal of some albums, there is a list of records that could earn you at least five figures for just having an original copy that is still in mint condition. According to Mental Floss, “The Freewheelin’ Bob Dylan” with the original tracklist and The Beatles’ “Yesterday and Today” with dismembered baby dolls on the sleeve art are some of the most rare finds.
Do you have items of value just sitting in storage? Comics, magazines, dental gold, and vinyl records are common items that many are likely to have, but they are just a few examples. Even if you don’t have these items, you may now be more inspired you to seek value where you never thought possible. It’s time to start looking for your own buried treasure!
Don’t fall victim to the financial risks and mental stresses associated with owning a home. Appliances have set lifespans, breakdowns are inevitable and repairs and replacements are costly. Make sure your home is covered, so you and your wallet can rest assured that your home is taken care of.
(BPT) - Nobody bats an eyelash when it comes to buying homeowner's insurance, but many homeowners don’t apply that same logic to planning for home repairs — not what might happen, but what will happen.
Only a fraction of the 120 million U.S. households today are protected by a home services plan, also known as a home warranty.
That number is growing, as homeowners recognize the value of coverage when appliances go on the fritz, hot water heaters run cold in the middle of winter or a leaky faucet drives up their water bill. Perhaps one reason more homeowners don’t have home service plans is because they think they are covered through their homeowner's insurance policy.
Homeowner's insurance doesn’t protect you from the natural home aging process.
Insurance kicks in when damage occurs from an outside force, like a busted sewer line or roof damage due to a major storm. While insurance covers you when Mother Nature strikes, it doesn’t protect you from the natural wear and tear that your home’s major systems and appliances go through during the aging process. Understanding how home service plans work and how they fit into your financial and risk-planning strategy allows you to be prepared for covered breakdowns, without breaking the bank.
Let’s start at the beginning. What is a home service plan?
Home service plans typically cover the repair or replacement of major home appliances, including refrigerators, washers, dryers, ovens or cooktops, and components of major systems like plumbing, HVAC and electrical.
When your air conditioning system breaks, or your washer or dryer stops spinning, you want the confidence of having a home services plan in place that will help protect your budget.
This is where the true value of a home service plan comes in. Home service providers such as American Home Shield accept service requests and assign professionals to diagnose the problem and offer a solution through its vast network of skilled and trusted contractors, which includes more than 15,000 licensed and qualified pros throughout all 50 states.
What’s the bottom line?
With a home service plan, you won’t pay the full cost of repairing or replacing items covered by your plan. Regardless of age, make or model, your contract helps cover the repair or replacement of items covered in your plan. For example, if your refrigerator malfunctions, your service provider will connect you to a quality contractor to diagnose and repair the problem. This can help reduce the hassle of repairing it yourself and help protect your budget.
Think about your home’s future (and yours).
Service plans can come in handy when selling a home. The appeal speaks for itself: When buyers are making that final decision around one of the biggest investments in their lives, having a home service plan in place gives the new homeowner confidence that the home’s systems and appliances are protected, and they won’t bear the entire financial impact of repairing or replacing it if it breaks down.
The choice seems obvious: Don’t fall victim to the financial risks and mental stresses associated with owning a home. Appliances have set lifespans, breakdowns are inevitable and repairs and replacements are costly. Make sure your home is covered, so you and your wallet can rest assured that your home is taken care of.
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