What’s up, our strong beautiful people? PK is back on YouTube, and in this installment of our blog, we’re talking about how to invest in a garage gym and how to get your money in and out of your gear.
First, we lead with a disclaimer: we are NOT your financial advisor. If your advisor tells you to invest in Bitcoin and you like that, by all means, invest there. We’re going to tell you about investing in barbells, not Bitcoin.
The reason for this is simple: you’ve got your money, and you can do two things with it. Well, more than just two things, but we’re talking in broad terms. First, you can spend it, where it’s gone in one go. Or, the other option (which we think is quite obvious) is to invest in your garage gym and your gear. A garage gym is a good investment, and here's why.
When you invest in your gear, it becomes a cycle of money instead of disappearing right before your very eyes. When you invest in a great barbell, you’re going to get gains from that barbell, but you’re also going to be able to get your money out of that barbell if it turns out that it’s not the best for you.
This is what PK calls, “buyer don’t beware.” If you buy a great piece of fitness equipment, you’ll be able to resell it if it doesn’t work for you for 50-80% of what you paid into it. You’re not necessarily making money on that, but often, people ask, “What if I get a garage gym and I don’t actually use the equipment?” This is where the money starts to flow again.
You can sell your equipment if it sits unused on sites like Facebook Marketplace, Craigslist, OfferUp, and this will bring that cash flow that allows you to invest money into more gear that you’ll actually get use and enjoyment out of.
If you can get good at this cycle, you’ll make money on your gear. For example, during the pandemic, we had customers buying equipment from us at full price, and then turning around and selling it for at least 2x what they paid. Now, we’re not saying that was a great thing to do, but those people did get good equipment and great gyms out of it. You can do similar things with your used equipment as long as it’s not beat to hell and a dirty old rust trap. Unless in terrible shape, fitness equipment tends to hold its value over time.
If you think you’ll use a barbell or plates or a squat rack, you don’t have to worry too much about overpaying for it. Those are investment pieces, and staples in improving your life through strength, and you can always, always resell.
What do you think about this concept? Do you think PK is right, or the worst financial advisor ever? Let us know below! Don’t forget to join our private Facebook group, The Garage Gym Revolution. You’ll find yourself among us and other like-minded, strong people and tips, tricks, and awesome community engagement. Plus, other little gifts from us from time to time ;)
As always, lift heavy, lift happy :)