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Any good Samaritans out there?
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[quote]QUOTE: <i>Originally posted by mcouvillion</i> <br /><br />nfrailway, Are you going to make enough money off the sale of your motive power to make a substantial difference in funding your kids' college education? I doubt it. You may, however, make a significant difference in your personal anxiety level after the sale, and it won't be positive. Find something else to sell or find an alternate income source. Are the kids working and contributing to the effort? Do you have other assets that are cluttering up the house or attic that might be worth more if someone else had them? <br />Mark C.[/quote] <br />[#ditto] <br /> Do I understand correctly that this is not an emergency situation where you could loose the house or something like that? <br /> Even if you got an average of $100 per loco, and you sold half of them, that's only $1300. How far will that go? You would have to invest that in a Roth IRA or some other tax sheltered vehicle and contribute regularly for decades to have an amount that will mean anything. The kids will have to contribute so that they can appreciate the effort and be more careful spending it. <br /> <br /> If you have to sell them to show you are making a sacrifice, keep the keepsakes or rare models and sell the rest. How many switchers does your yard need? How may trains can you run on the layout? Which engines run the best? That is what I would ask myself if I had to sell off some of my rolling stock. <br /> <br /> How about selling built up kits on ebay? There are many modelers that buy build ups. Or use your skills to sell model building services. That way you can stay in the hobby and make money.
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