*Intro and outro music are from an original piece by

Carl Zukroff of The Blue Hotel

J Lucky Henry

Youtube Channel

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You have stumbled onto another episode of Get your FILL, Financial Independence and Long Life where we explore ways to achieve those two goals.

I hope you enjoyed meeting JLucky Henry in our last episode and that you’re as excited as I am to welcome him back for a part 2 but before we hear from him, I just wanna talk about the coronavirus. I have not been anywhere in the past week where people have not been talking about and worrying about the freaking Coronavirus and… Yeah, okay, the media has really got everyone hyped up about it but let’s just put things into perspective, okay? If you’re healthy, your chances of dying from the corona virus are pretty much nil, okay? On the other hand, more than 1100 people die every single day from tobacco-related disease, more than a thousand from being overweight or obese and over 100 people are gonna die today in traffic accidents.

Since the corona virus came to the US, there have been exactly 15 deaths. 15, okay, so get a grip on yourself and start worrying about second-hand smoke and start driving more safely and stop obsessing about the freaking coronavirus okay, that’s my rant for the day and now welcome back, Lucky.

C: Let’s assume that someone listening is not really that familiar with wholesaling and doesn’t totally understand how it all works. Will you explain it as if you’re explaining it to a child, really basic because I think that a lot of us start in the middle, you know what I mean? We say, How do you get into wholesaling, how about we talk about what it actually is and how it works?

JL: Okay, if I were explaining it to a child, right? I would say, “Okay you have a puzzle, right?

This puzzle has a 1,000 pieces to it. It’s in okay condition. It’s got some stains on it, and whatever, a little worn. And on top of that, you’re missing about 10 pieces, right? Ten little pieces. Now that puzzle’s worth $100 when it’s brand new in the box but because you have dirtied it up and stained it and it’s missing 10 pieces, so you’re not gonna get $100 for it. You need some money right now, because you are about to move across the country. Sorry, back up – you’re a child. It’s your little brother’s birthday and you need money right now to buy him a gift. Because last year, you didn’t get him a gift and your mom is gonna be upset at you if you don’t buy your little brother a gift this year, so you need some income, so you’re gonna sell your puzzle. Now your friend comes over, right? Your friends’ name’s Lucky let’s go with lucky since that’s my name. I come over and say, “Hey can you help me sell this puzzle or do you know anybody looking to buy a puzzle?

I look at the puzzle. I realize that if it was in good condition it’s worth 100 bucks. I look up on Amazon and I see that I could replace those ten pieces for five bucks and there’s a stain remover, called Puzzle Stain Remover that costs 10 bucks so alright, 15 bucks plus I gotta spend time wiping it down.

And I ask you, how much money do you want for it and you’re like…Well, all I need is 20 bucks. I just gotta get my brother something… And I’m over this puzzle, I don’t want it anymore, anyway.

I say 20 bucks, 20 bucks, that’s it? Okay, so now I do the math: 20 bucks plus the $15 I need to spend… That’s only $35. It’s not gonna be worth $100 cuz it’s not a brand new one but it’s gotta be worth $90 or $80, right?

So, okay, so if I offer you 20 bucks, you’ll say yes. Now I just gonna find someone that will give me $40 because I’ll tell them, “Hey look, you can buy this for $40 spen