In this episode, Dan Glazier discusses the concept of Swedish Death Cleaning, a practice that encourages individuals to declutter their belongings later in life to alleviate the emotional burden on their loved ones after they pass away. He emphasizes the importance of starting small, the emotional aspects of decluttering, and the love behind the practice. Dan also shares personal experiences and insights from the book 'The Gentle Art of Swedish Death Cleaning' by Margarita Magnusson.

Death cleaning is a Swedish tradition to declutter later in life.

It reduces the burden on loved ones after death.

Starting small is key to effective decluttering.

The process can take years, not just a weekend.

It's about love and consideration for family.

Decluttering can be emotionally freeing for oneself.

Involve family in the decision-making process.

Consider hiring an appraiser for valuable items.

The practice encourages planning for the future.

Everyone should start death cleaning in their 50s or earlier.

Summary

In this episode, Dan Glazier discusses the often-overlooked reality of the value of personal belongings. He introduces the concept of the endowment effect, where individuals tend to overvalue items due to personal attachment. Through a walkthrough appraisal process, he explains how many items that hold sentimental value may not have significant market value, while also highlighting the potential hidden treasures that can be found in personal collections.

Takeaways:

Most of our stuff is worth very little.

We tend to over-evaluate our own stuff.

This is called the endowment effect.

The stuff starts owning us a little bit.

Most of the stuff in your household is worth nothing.

I find value also when we do these walkthroughs.

Sterling Silver can be worth hundreds, sometimes thousands.

Original artwork can hold significant value.

Mid-century modern is still hot.

We over-evaluate our personal stuff.

Chapters

00:00 Introduction to the Value of Stuff

01:03 Understanding the Endowment Effect

03:16 The Walkthrough Appraisal Process

06:23 Identifying Valuable Items

09:55 Conclusion and Final Thoughts

10:23 The Value of Stuff - Intro.mp4

Contact: [email protected]

Keywords

#value of stuff, #endowment effect, #personal property appraisal, #sentimental value, #hidden treasures, #antiques, #collectibles, #appraisal process, #downsizing, #emotional attachment

In this episode, I discuss the significance of sentimental value in personal property and estate planning. I emphasize the importance of communicating the stories behind cherished items to loved ones to preserve memories and legacies. I share personal anecdotes and insights on how sentimental items can hold deep emotional connections, urging you to recognize their value beyond monetary worth.

I have created a 6 step plan in dealing with your stuff before you die.

In this episode I talk about how important it is to have a plan for all your stuff - personal possessions, household contents, furniture, artwork, collectibles before you die so your family doesn't fight and argue over your stuff after you die!

After a loved one dies, families are in a very fragile and emotional place. With a good well thought out estate plan, including a plan to deal with all your stuff you will prevent so much family dysfunction. This will help create a strong family bound for generations to come. Instead of leaving family landmines, you are leaving a family legacy.

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#estateplanning #appraisal #familylegacy

In this episode I talk about how difficult it is to deal with family when dealing with an estate and 5 ways on how to deal with family.

Dealing with an estate can be one of the most difficult times in our life and dealing with family at the same time can make the situation even more difficult.

Not all family members are in the same financial situation. When there is an inheritance and family involved it can tear a family apart.

In this episode I give 4 reasons why 100% of the time you must get a contents appraisal when dealing with an estate.

If you are an executor for an estate you are going to want to listen to this podcast.

4 reasons:

Contact: [email protected]

In this episode, I talk about how storage lockers can cost you thousands of dollars. I tell 3 different stories of people that I have come across over the past few years who have spent over forty thousand of dollars to over one hundred thousand of dollars storing their stuff in storage lockers. Stuff they didn't want in the end.

Thank you for listening.

Dan Glazier

[email protected]

www.glazierappraisals.com

In this episode I talk about 7 reason why you need to have a Will. These 7 reasons are based on my 23+ years as a certified personal property appraiser dealing with estate appraisals.

It is estimated that less than 50% of adult people in North America have a legal will. This number needs to change. Please share and subscribe to this podcast. Thank you for listening.

To reach me:

[email protected]

www.glazierappraisals.com

This episode I talk about 15 Vintage toys and collectables that are hot leading into 2024. In upcoming episodes I will get into more detail on some of the items on this list but this is a good overview of some of the items that are hot right now and will be hot going into 2024. Hope you enjoy it and hope this helps.

Let me know if there are any topics you would like me to talk about in upcoming episodes or have any questions regarding appraising.

My contact information:

[email protected]

www.glazierappraisals.com

Thank you,

Dan Glazier

In this episode I take about Silverware. Sterling Silver and 800 Silver is Hot. Silver Plate is not. I talk about different ways to tell if it is valuable silver - sterling silver or 800 or not valuable silver plate. I talk about silver hallmarks and how to read the hallmarks.

Thank you for listening. Any questions please send me an email.

[email protected]

www.glazierappraisals.com