Today, Carl delves into practical money-saving and money-making strategies. They emphasize the importance of not being a brand snob, encouraging listeners to consider lower-cost alternatives to popular brands, using examples from their own experiences. The discussion highlights how consumers are often willing to pay a premium for faster delivery, particularly on platforms like Amazon compared to eBay. Carl share insights on how to capitalize on this trend by purchasing items from budget retailers and reselling them online for a profit. 

KEY TAKEAWAYS

• Consider opting for lower-cost brands that offer similar quality to premium brands. For example, instead of Heinz baked beans, look for store-brand alternatives that can save you significant money.

• People are often willing to pay a premium for faster delivery. For instance, items on Amazon may be more expensive than on eBay due to the convenience of next-day delivery.

• By purchasing bulk items at a lower price from local stores and reselling them on platforms like Amazon, you can make a profit. An example given is buying Coca-Cola in bulk and selling it for a higher price.

• Research trending items on platforms like TikTok and compare prices with Amazon. This can help identify opportunities for profitable reselling.

• The podcast encourages listeners to share their experiences and successes with the money-saving and money-making strategies discussed, fostering a community of support and shared knowledge.

BEST MOMENTS

"Don't be a brand snob. Why not take a little step back and look at those lower brands, but not necessarily lower quality."

"You could walk into Quicksave, pick up a case of 24 cans of no frills beans for 24p... they were lifesavers for people like myself."

"There are people who are willing to pay a premium price if they can get that product the same day or the next day."

"If you buy six sets for 70 quid, you can then sell those on Amazon for the same price that they're going for and make an additional 35 quid."

"What you can do is you can actually research what's trending, find the match and go buy 10 of them. See what happens."

HOST BIO

Meet Carl Mannion, the warts-and-all host of the "Lazy Wealth Creation Podcast." From a council estate to self-made millionaire, Carl's journey is both humorous and inspiring. Despite describing himself early on as "autistic, poor, and hungry," he now proudly identifies as "autistic, doing-well, dadbod."

Through candid interviews, Carl shares the highs and lows of his journey, offering invaluable insights into overcoming adversity and seizing opportunities in the world of wealth creation. Despite facing challenges like a marriage breakdown and single parenthood, Carl persevered, achieving millionaire status in his 40s.

Join Carl on the "Lazy Wealth Creation Podcast" for practical advice and entrepreneurial wisdom. Whether you're starting from scratch or aiming for greater heights, Carl's relatable story and guidance will inspire you on your journey to financial freedom.