Now that I'm older and make good money, I've been trying to reclaim my childhood. Pokemon has been a big part of that, I've gone pretty deep recently getting all of my favorites from my childhood while also trying to complete multiple master sets. Your videos helped me chill out and bit and enjoy it slowly instead of rushing. Keep it up! ❤
I totaly understand you .. i found myself in this Position with Digimon and startet because of one Card from a new Set which i felt nostalgic with .. since start of the year until now i completed 13 mastersets and spent a lot of Money .. this realy is Hobby where you have to be super carefull
I was about to type the same thing, i noticed I was trying to chase the feeling of nostalgia and started looking to buy different EBT's and Booster boxes and I haven't even played a game with the cards and that was the main reason for coming back to Pokémon.
I’ve game-ified my Pokemon budget. Every mile I run earns me a dollar. Every visit to the gym is $5. Gives me extra incentive to stay fit and healthy while keeping my spending under control. Usually works out to ~$100/mo, but forces me to “earn” it. Also keeps ridiculously-high-priced cards in perspective…
I went in a Pokemon card rabbit hole a few days ago and I’ve been obsessing ever since .. binge watched everything I could .. ordered stuff.. this is the best video I’ve seen since! Needed to hear this lol
Didn’t know it was called the Diderot effect, but that is a great point! I have had that thought several times while collecting. To counter that, I make a list of everything I want for my collection. If I see something I want, I check the list to see if it is there, if not I usually think it’ll lead me off track of collection goals. Great vid as always!
Omg that's me right now, I just came back to the hobby after many years. I have not gotten into debt or used any of this pay later services, but my bank account is definitely taking a hit. I'm in love with the alt arts cards I am not collecting for investment purposes, I plan to hold the carda for a pretty long time. I will calm down and set a budget and make sure I don't go over it.
I think the excitement just makes you spend happy I just dropped like 250-300 on kitting myself out I don’t feel remorse but recognize this hobby can be dangerous
Thanks! Setting a monthly budget limit for me together with my girlfriend helped me out a lot and builds trust between us. It also makes the purchases you get to make more rewarding. It indeed is an expensive hobby and it helped me to really decide whether the purchase I would make was really worth it.
Thanks for showing us how to be more mindful of our “collecting” (spending). The Diderot effect is so eye opening! I keep wanting to buy more cards to complement the aesthetic of the others! And I literally only started buying Pokemon cards again a few days ago!
I thought I had a good understanding about credit cards and not getting into debt. It still didn’t stop me from piling up credit card debt years ago. I learned the hard way but I paid it off and made sure I didn’t slip back into it. It’s not Pokémon related but it’s a lesson I learned and continue to remember when purchasing product for any hobby.
These are all my mistakes from previous moments i started with pokemon collecting... too accurate man, this video is must see for beginners with no doubt
4:30 spot on. Being in debt over cardboard is a really regretful thing for me. I took a long break due to going to an Army school, and in that time the crash had begun. Big wakeup call for me. 100% correct about the coping mechanism as well. I have PTSD and insomnia, and my purchasing was insane when I was going through downward spirals over the years.
I'm gonna say it again. I've never looked forward to videos from any channel in my life, ever. I watch your videos like I do my episodes of my favorite shows. I look forward to them. Finally someone with intellect and real insight to the hobby. Someone that can actually describe a card with more than just "wow, thats so cool looking". Finally someone that explains patterns of art and artists, financial advise, dos and don't that actually have concrete RELATABLE AND REALISTIC experiences, tips, and advice. Keep up the great work Phil!
You're welcome brotha. It's great to be able to sit next to my wife or parents and listen to your videos, and literally have them interested in a Pokemon video. "That sounds like great advice. What class are you taking?" Said by my father! Way to put respect on the hobby.
The first month that I started in on collecting I started chasing whatever and then I came across your videos. You have some wise advice and one of the greatest decisions I made was choosing to only collect my favorite characters and then selling everything else. From what I sell I then purchase what I really want and other packs to sell off again. So far I am coming out on top and enjoying the process of selling and hunting for the cards that are valuable to me rather than the just purely the market.
This video is amazing. I'm a 40y old that always suffered with financial issues because of impulse buys, which I finally could sort in the last few years. I love Pokemon, and I wanted to come back to collect those, but I'm always really afraid of going in a pitfall again. Thanks a lot for this, it was the video that I needed, for the moment that I am.
What helps me is having a series of questions that I try to remind myself each time I'm contemplating a card purchase. Do I feel comfortable spending x amount of money? Is it a character I like? Does the artwork inspire creativity? Is the artwork so immersive I could spend 5 minutes looking at it straight from time to time? Is it a good investment? Is the cost relative to what others are paying for it?
Thanks for making this kind of investing content, Phil. It’s important for all collectors - new and experienced - and I don’t see many other streamers discussing these things. Keep up the good work. Love the channel!
This video hit at a really good time. I recently got back into the hobby, but I felt like there were so many different products I had to catch up on. I admit I swipped my card a couple of times to do so. So this video really helped me realize I need to chill out and save for the sets I like. Guess I'll skip out on surging sparks for now.
Thanks Phillip, I'm really enjoying your content since subscribing to your channel yesterday. You're completely right about the struggle of wanting more. I follow the strategy of just buying the individual special illustration cards because I think they look great. I put them on my wall to look at, and if they go up in value over time, even better! 😆
Thank you for touching base on the Diderot Effect! I have never heard of it but it explains so much about what I wind up doing when collecting / buying singles. I was trying to complete the Galarian Gallery; however, I kept wanting the big chases. I was able to get Glaceon GG before it exploded but missed the chance on Leafeon. Also thank you for pointing out the buy now pay later dilemma as well. I've been trying to save money for big chases and always considered "well... I can buy it now and pay later while saving", never works out lol.
Fantastic video. This hit home with me a lot. I have recently got into collecting again and wish I had watched this video earlier. I had not realized how much this hobby has changed since I was a kid where in the past a booster box would be filled with 12+ hit cards that you were chasing whereas now Booster boxes would be lucky to have 4 Illustration/Special illustration rares in them. My collecting has got out of hand to the point where it put pressure on my relationship and I have had to stop. I still find myself at times having the itch to keep adding to my collection and continue chasing the big value cards that are still missing but reality is without an enormous income or being very irresponsible with my money this isn't a reality with the hobby as it stands today. It's a shame that the sets/cards value can increase so rapidly which gives you the feeling that if you don't collect this now then its going to cost you even more than the really high amount it is right now.
Your videos truly speak to me. As a person that tends to have FOMO while also not having a huge budget for the hobby, I am really trying to learn ways to maximize my profits while also not spending more money that I really should. Love seeing your new videos when they pop up!
When I got into the hobby (around 9 months ago) I would just want to buy anything I thought was cool, granted these weren't all the expensive hitters, but your point about The Diderot Effect was really good. I always felt like I wanted something else. I think setting a goal like "I want to complete x set by spending £40 a month" has been the best way I have found to limit my spending. If I want a card that's £60, then whatever I don't spend in 1 month, can be then invested in the next to help me get those more expensive cards
i started collecting pokemon cards 2 months ago and goddamn, i'm so lucky i've found you on youtube at the exact same moment. Your videos are so damn helpfull. You're the only pokemon youtuber that shows things how they really are (from what ive experienced so far)
Thx for talking about this .. i Just realised that i am in this Situation of Just buying and buying because i think i need more and more for the Collection .. that opened my eyes and i will definetaly think about some purchases
Great video; I hear you on the single player video games. When our daughter was born, my wife and I bought a Switch and Breath of the Wild, which felt like a huge purchase at the time. But we spent 1000+ hours playing that game all together on the couch (often in the middle of the night). Money well spent, we still look back fondly on those memories.
I’m a victim to all these points and it was scary how accurate you were with the example of the Diderot Effect cause I had just purchased a Paldea Evolve booster box to chase that Magikarp WHILE checking out with a pay in 4 plan 😩
These are some great tips! I’d also add too that hobbies start personal and they should stay personal. Just because someone buys a case of booster boxes doesn’t mean another person has to. If collecting in your means makes you happy, then let that be what your hobby is and don’t compare yourself to others. I think you said it best in another one of your videos, comparison is the biggest theft of joy. Keep up the great content!
Getting back into this as I am seeing my older brother and his friends get into it has been pretty cool. Seeing how they collect there are some neat takeaways but also actions I personally wouldn't and couldn't do with my budget. Imo I either wait for my budget to increase for the cards I want and if the cards accumulate in value by then, there will likely be other cards on my watchlist that will fit into my budget. There really is no rush if you just want to collect for fun.
I have been saying that single player video games bit to friends for years! I’m glad to hear it come from someone else for once 😂 great investing advice! Thank you!
Probably one of your better videos especially when you mention oh I'll just buy the magikarp special illustration and oh then I've just got to buy the Eevee illustration too so there a nice pair! It's extremely easy to find yourself down £500 in an afternoon on eBay if you don't have a good grip on your finances.
Debt is legit a deal breaker for me. It's why I haven't bought a house yet lol. But I did take something away from this. If nothing else it's a reminder. Just learned about the didero effect, and immediately my mind said "so live below your means." Also reminds me of financial advice I've been following for the longest time, "if you can't buy five of them right now in cash then you shouldn't buy any of them."
Good Video. I never do the buy now, pay later on anything. Can be dangerous for sure. I play a lot of single player games to, can always find good ones on sale
I been researching the pokemon market, I was thinking the best way to collect or simply invest to make a profit should be buying booster boxes at retail prices if you can actually preorder a box or two. That should guarantee a few good cards that have decent value if you rate them and actually get 10's. Some cards are pretty easy to pull from packs that can get you over 50$ on a psa10. That said you can possibly get anywhere from 20 to 50 after shipping to grade and grading costs.
Phil, thank you for this one. I hadn't opened a pack in about 25 years until a month ago. I have spent atleast 5k since I started on this recent adventure. It's easy to keep chasing the high you get from pulling a really good card. I've been just trying to stop opening my boxes and leave them sealed. I think the chances of me winning on sealed is atleast 2x better. And the chances of me keeping my money by not spending at all are even better but not as fun. Lol
@newjones1754 yep. I have probably 20+ boxes still sealed. I bought a bunch of 151 at the reprint. Also opened a ton too. I've opened 15 151 booster bundles 2 upcs, 5 twilight masquerade boxes, a few tins and single packs and 1 night wonderer.
@phillips.collectibles I looked back at this comment and laughed. I ended up opening every single box I had. I quit opening boxes then my wife surprised me with a box. Lol. We now call it pokecrack.
Budgeting is crucial. I normally wull collect cards i like for my personal but also to invest but not at once. The lower end IRs thouggh im grabbing cause they are super cheap. Thank God i dont get hit by that Diderot effect. If i buy a boosyer box i dont feel lile spending another 200 on the chase 😅😅
hi, I read the book you recommended, the psychology of money by Morgan Hausel. The book was very interesting and above all written naturally, there were no complicated words or expressions that could not be understood. I wanted to ask if you know of another such interesting book to read. Thanks for the reply. Btw: it was the first book that I read to the end, I was very interested.
great video again....thank you... but I have a question, do you know anything about whether there will be a Paldea Evolved reprint in the near future???
@@phillips.collectibles thankyou! Glad to be back. I've just been avoiding temptation till I was ready to buy into a nice new set. Gotta save dat money
It is expensive! I track the price of each pull and update it each time I release a video. It is crazy the value we place on unopened boosters when the probability of loss is almost guaranteed.
BEST TIP: Learn how to sell. Budget to buy is what sold. Sell the low end to mid cards you can live with out when they spike. You can sell an old booster box, buy current box then keep difference. Also self grade. It becomes sustainable. I collect pkmn alt arts and weiss signitures. Havent put in new money for 4 years.
Also as someone who priotized pokemon card as first thing in my life unconsciously, the people around you will know it even if you dont admit it. My girlfriend was hurt because 70% of all my money went to pokemon related things and spend most of the time for pokemon. Guys, dont forget this is just a hobby and you are NOT owning pokemon card shop
@@phillips.collectibles Hey, Phillip! 👋 Currently... none! 🤣🤣🤣 I'm 95% finished Obsidian Flames and 96.4% finished SV 151... and ±60% finished all of the other sets from Crown Zenith through Temporal Forces. Like I said, a fool's errand, haha! My priorities are finishing SV 151 and Crown Zenith. As you say, I'm cautious with my Poke Budget and avoid the temptation to over-spend... and NEVER use debt. Slow and steady. That cards ain't going anywhere, and I'll get um in time.
Money over long term is investment. If you are buying cards for short term trade you are day trading. As stated there is a huge difference between spend and the opportunity cost of investment.
I blew a lot of money on Pokémon cards one week. But I make up for it in the aggregate cheap fuel, cooking for myself, deleting Uber eats is the fastest way to get money. 😂
I mean trading cards as a hobby isnt that bad for cost. If you do a sport you pay hundred or thousands a year minimum to do so, if go to the gym for 15 dollars a week, thats 780 a year. classes for art or music, mainteneenc and resources to keep them up probably hundreds a year minimum. responsible pokemon card hobby would be, wathcing the sets for ones you like, only chasing on the ones that you feel worth it, so maybe thats a booster box and than buying your favorite singles you dont pull, which is maybe $300 overall. thats not to bad. If you go a little crazy and get two booster boxes, an etb, all three promo sets, than finish of with singles buying, yea ok like 800-1000. if you did that every set, your spending big, if you do that once a year it not so bad. If recommend what i said before. Watch sets carefully, only chase on the cost efficient ones you like, and buy the cheaper singles you think are cool. after that have some fun looking for the SIR cards that you think are cool and might appreciate in value and you can get in when they are cheap, if they dont appreciate you still get a cool card you enjoy for little, if they do appreciate than you get value and enjoyment.
Why did this video pop up after I just got the PSA 9 dark charizard 1st ed, PSA 10 Blastoise ex 151, CGC pristine 10 gardevoir ex, and a cgc 10 blastoise ex 151 in a span of a week.... I don't need this kind of negativity right now. 🙄🤚
Credit cards and "buy now, pay later" is the devil (for those who lack self control)
Couldn't have said it better myself mate. Pinning this for others to see.
@@phillips.collectibles your videos are so incredibly helpful to me as a returning collector who is starting over from nothing and with nothing.
Id agree but I joined late and 151 one only coming out for so long. Starting to chill now seeing is it ain't out anywhere
Now that I'm older and make good money, I've been trying to reclaim my childhood. Pokemon has been a big part of that, I've gone pretty deep recently getting all of my favorites from my childhood while also trying to complete multiple master sets. Your videos helped me chill out and bit and enjoy it slowly instead of rushing. Keep it up! ❤
That's awesome!
I totaly understand you .. i found myself in this Position with Digimon and startet because of one Card from a new Set which i felt nostalgic with .. since start of the year until now i completed 13 mastersets and spent a lot of Money .. this realy is Hobby where you have to be super carefull
I was about to type the same thing, i noticed I was trying to chase the feeling of nostalgia and started looking to buy different EBT's and Booster boxes and I haven't even played a game with the cards and that was the main reason for coming back to Pokémon.
I’ve just done the same, £500 down the drain on Pokémon Nintendo games and Pokémon cards, lets go
I’ve game-ified my Pokemon budget. Every mile I run earns me a dollar. Every visit to the gym is $5. Gives me extra incentive to stay fit and healthy while keeping my spending under control. Usually works out to ~$100/mo, but forces me to “earn” it. Also keeps ridiculously-high-priced cards in perspective…
That's awesome. Very smart technique.
That’s a pretty cool idea!
Very smart
This is such a good idea...
I went in a Pokemon card rabbit hole a few days ago and I’ve been obsessing ever since .. binge watched everything I could .. ordered stuff.. this is the best video I’ve seen since! Needed to hear this lol
Didn’t know it was called the Diderot effect, but that is a great point! I have had that thought several times while collecting. To counter that, I make a list of everything I want for my collection. If I see something I want, I check the list to see if it is there, if not I usually think it’ll lead me off track of collection goals. Great vid as always!
Omg that's me right now, I just came back to the hobby after many years. I have not gotten into debt or used any of this pay later services, but my bank account is definitely taking a hit. I'm in love with the alt arts cards I am not collecting for investment purposes, I plan to hold the carda for a pretty long time. I will calm down and set a budget and make sure I don't go over it.
I think the excitement just makes you spend happy I just dropped like 250-300 on kitting myself out I don’t feel remorse but recognize this hobby can be dangerous
Skill number 1, resist FOMO
Ahhh the "Dinner Roll" effect. Just can't get enough. 😂
Thanks! Setting a monthly budget limit for me together with my girlfriend helped me out a lot and builds trust between us. It also makes the purchases you get to make more rewarding. It indeed is an expensive hobby and it helped me to really decide whether the purchase I would make was really worth it.
100%. Great advice here regarding the budget.
Just a question of time when your channel blows up Phillips. You are killing it with these videos, keep it up!
Thanks for showing us how to be more mindful of our “collecting” (spending). The Diderot effect is so eye opening! I keep wanting to buy more cards to complement the aesthetic of the others! And I literally only started buying Pokemon cards again a few days ago!
You are so welcome! And yes…..be careful. We’ve all been there.
I thought I had a good understanding about credit cards and not getting into debt. It still didn’t stop me from piling up credit card debt years ago. I learned the hard way but I paid it off and made sure I didn’t slip back into it. It’s not Pokémon related but it’s a lesson I learned and continue to remember when purchasing product for any hobby.
100% Samer. We all learn the hard way though!
Same here. I didn't realize that I was going over budget until I actually looked at the totals since the individual purchases weren't crazy.
@@phillips.collectibles agreed!
These are all my mistakes from previous moments i started with pokemon collecting... too accurate man, this video is must see for beginners with no doubt
I think we’ve all made these mistakes at one point in time….it can be a very addictive hobby!
4:30 spot on. Being in debt over cardboard is a really regretful thing for me. I took a long break due to going to an Army school, and in that time the crash had begun. Big wakeup call for me.
100% correct about the coping mechanism as well. I have PTSD and insomnia, and my purchasing was insane when I was going through downward spirals over the years.
I'm gonna say it again. I've never looked forward to videos from any channel in my life, ever. I watch your videos like I do my episodes of my favorite shows. I look forward to them. Finally someone with intellect and real insight to the hobby. Someone that can actually describe a card with more than just "wow, thats so cool looking". Finally someone that explains patterns of art and artists, financial advise, dos and don't that actually have concrete RELATABLE AND REALISTIC experiences, tips, and advice. Keep up the great work Phil!
I appreciate this my bro! Thank you so much you’re a legend.
You're welcome brotha. It's great to be able to sit next to my wife or parents and listen to your videos, and literally have them interested in a Pokemon video. "That sounds like great advice. What class are you taking?" Said by my father! Way to put respect on the hobby.
@@hishamarafat7217 that's awesome! Some great feedback. Appreciate your support!
The first month that I started in on collecting I started chasing whatever and then I came across your videos. You have some wise advice and one of the greatest decisions I made was choosing to only collect my favorite characters and then selling everything else. From what I sell I then purchase what I really want and other packs to sell off again. So far I am coming out on top and enjoying the process of selling and hunting for the cards that are valuable to me rather than the just purely the market.
This video is amazing. I'm a 40y old that always suffered with financial issues because of impulse buys, which I finally could sort in the last few years. I love Pokemon, and I wanted to come back to collect those, but I'm always really afraid of going in a pitfall again. Thanks a lot for this, it was the video that I needed, for the moment that I am.
What helps me is having a series of questions that I try to remind myself each time I'm contemplating a card purchase.
Do I feel comfortable spending x amount of money?
Is it a character I like?
Does the artwork inspire creativity?
Is the artwork so immersive I could spend 5 minutes looking at it straight from time to time?
Is it a good investment?
Is the cost relative to what others are paying for it?
Great questions to ask yourself
Great advice like always thanks. Great video!
Thanks for making this kind of investing content, Phil. It’s important for all collectors - new and experienced - and I don’t see many other streamers discussing these things. Keep up the good work. Love the channel!
This video hit at a really good time. I recently got back into the hobby, but I felt like there were so many different products I had to catch up on. I admit I swipped my card a couple of times to do so. So this video really helped me realize I need to chill out and save for the sets I like. Guess I'll skip out on surging sparks for now.
Thanks Phillip, I'm really enjoying your content since subscribing to your channel yesterday. You're completely right about the struggle of wanting more. I follow the strategy of just buying the individual special illustration cards because I think they look great. I put them on my wall to look at, and if they go up in value over time, even better! 😆
Phil - really appreciate this video and the fresh perspectives your content brings to the hobby!
Appreciate that!
Nice work mate!
Thank you for touching base on the Diderot Effect! I have never heard of it but it explains so much about what I wind up doing when collecting / buying singles. I was trying to complete the Galarian Gallery; however, I kept wanting the big chases. I was able to get Glaceon GG before it exploded but missed the chance on Leafeon. Also thank you for pointing out the buy now pay later dilemma as well. I've been trying to save money for big chases and always considered "well... I can buy it now and pay later while saving", never works out lol.
Every time you use BNPL you’re only robbing from your future self!
A very important piece of content, I recognise two of the behaviours you listed in my recent purchases and will take steps to curtail them. Thank you!
Fantastic video. This hit home with me a lot. I have recently got into collecting again and wish I had watched this video earlier. I had not realized how much this hobby has changed since I was a kid where in the past a booster box would be filled with 12+ hit cards that you were chasing whereas now Booster boxes would be lucky to have 4 Illustration/Special illustration rares in them.
My collecting has got out of hand to the point where it put pressure on my relationship and I have had to stop. I still find myself at times having the itch to keep adding to my collection and continue chasing the big value cards that are still missing but reality is without an enormous income or being very irresponsible with my money this isn't a reality with the hobby as it stands today.
It's a shame that the sets/cards value can increase so rapidly which gives you the feeling that if you don't collect this now then its going to cost you even more than the really high amount it is right now.
Your videos truly speak to me. As a person that tends to have FOMO while also not having a huge budget for the hobby, I am really trying to learn ways to maximize my profits while also not spending more money that I really should. Love seeing your new videos when they pop up!
You can do it! I appreciate that my bro.
When I got into the hobby (around 9 months ago) I would just want to buy anything I thought was cool, granted these weren't all the expensive hitters, but your point about The Diderot Effect was really good. I always felt like I wanted something else. I think setting a goal like "I want to complete x set by spending £40 a month" has been the best way I have found to limit my spending. If I want a card that's £60, then whatever I don't spend in 1 month, can be then invested in the next to help me get those more expensive cards
i started collecting pokemon cards 2 months ago and goddamn, i'm so lucky i've found you on youtube at the exact same moment. Your videos are so damn helpfull. You're the only pokemon youtuber that shows things how they really are (from what ive experienced so far)
I appreciate that! Thanks for tuning in.
Thx for talking about this .. i Just realised that i am in this Situation of Just buying and buying because i think i need more and more for the Collection .. that opened my eyes and i will definetaly think about some purchases
That is the exact same situation for me lol
What a high-quality video! I can tell this channel will be big! :)
Wow, thanks! Appreciate that.
Third vid I watch. You earned the sub, never heard of the diderot effect. Even dipping into selfcare
Great video; I hear you on the single player video games. When our daughter was born, my wife and I bought a Switch and Breath of the Wild, which felt like a huge purchase at the time. But we spent 1000+ hours playing that game all together on the couch (often in the middle of the night). Money well spent, we still look back fondly on those memories.
That is awesome! And you know what it was one purchase...what awesome value.
Love your contributions!
I’m a victim to all these points and it was scary how accurate you were with the example of the Diderot Effect cause I had just purchased a Paldea Evolve booster box to chase that Magikarp WHILE checking out with a pay in 4 plan 😩
It’s about pacing yourself my bro!
Love this video. I wish more content creators would make videos like this to remind people to keep a level head while enjoying the hobby.
Well said! I appreciate you watching the video.
These are some great tips! I’d also add too that hobbies start personal and they should stay personal. Just because someone buys a case of booster boxes doesn’t mean another person has to. If collecting in your means makes you happy, then let that be what your hobby is and don’t compare yourself to others. I think you said it best in another one of your videos, comparison is the biggest theft of joy.
Keep up the great content!
Absolutely!! So weird you mention this as its a topic of a future video! Thanks for tuning in.
Getting back into this as I am seeing my older brother and his friends get into it has been pretty cool. Seeing how they collect there are some neat takeaways but also actions I personally wouldn't and couldn't do with my budget. Imo I either wait for my budget to increase for the cards I want and if the cards accumulate in value by then, there will likely be other cards on my watchlist that will fit into my budget. There really is no rush if you just want to collect for fun.
I have been saying that single player video games bit to friends for years! I’m glad to hear it come from someone else for once 😂 great investing advice! Thank you!
Couldn't agree more! Its honestly my biggest life hack to save. I’ve been playing Xenoverse 2 for like 3 months now! 👏
Probably one of your better videos especially when you mention oh I'll just buy the magikarp special illustration and oh then I've just got to buy the Eevee illustration too so there a nice pair!
It's extremely easy to find yourself down £500 in an afternoon on eBay if you don't have a good grip on your finances.
Pokémon is by far my most expensive hobby but it’s also one of the few that will pay me back with profit
Love the level headed advice.
It’s nice to see in this space.
Life advice wrapped in a nice Pokemon package 📦
Absolutely! That’s this channels premise.
thank you for the wholesome life lessons ~ there are things in here beyond pokemon cards and appreciate it
That’s actually well said haha specially in our situation 👍🏼 very good tips
You’re a great man for creating this video 🤝🏼
Thank you for your honesty. Very helpful video.
You are so welcome!
Your advice is actually life advice
Just wanted to say bro mad respect for pointing out not to go into debt for a hobbies the cardboard will always be there
Debt is legit a deal breaker for me. It's why I haven't bought a house yet lol. But I did take something away from this. If nothing else it's a reminder. Just learned about the didero effect, and immediately my mind said "so live below your means." Also reminds me of financial advice I've been following for the longest time, "if you can't buy five of them right now in cash then you shouldn't buy any of them."
Gteat video man! I appreciate you speakign some sense to the community. It can become toxic and you dont realize it till its too late 😅😅😅
Good Video. I never do the buy now, pay later on anything. Can be dangerous for sure. I play a lot of single player games to, can always find good ones on sale
It really isn't good.
Thanks for this video
I been researching the pokemon market, I was thinking the best way to collect or simply invest to make a profit should be buying booster boxes at retail prices if you can actually preorder a box or two. That should guarantee a few good cards that have decent value if you rate them and actually get 10's. Some cards are pretty easy to pull from packs that can get you over 50$ on a psa10. That said you can possibly get anywhere from 20 to 50 after shipping to grade and grading costs.
Really great advice, thank you!
You're welcome!
Great tips!
Appreciate that!
How do people dose the amount of Pokemon packs to open? Vs investing/ keeping sealed?
Great advices brother!❤ thank you
My pleasure!
Problem is rushing trying to grab everything you missed out on before you started collecting and spending waaay to much!!!
I feel ya!
Great informative video.
Appreciate that! Hopefully it was helpful.
Solid collectors self help video
Really great points. Definitely do not want to endanger your livelihood for Pokemon cards as much as we love them.
Exactly!
And now I’m here haha 😂 🙏🙏
Phil, thank you for this one. I hadn't opened a pack in about 25 years until a month ago. I have spent atleast 5k since I started on this recent adventure. It's easy to keep chasing the high you get from pulling a really good card.
I've been just trying to stop opening my boxes and leave them sealed. I think the chances of me winning on sealed is atleast 2x better. And the chances of me keeping my money by not spending at all are even better but not as fun. Lol
@newjones1754 yep. I have probably 20+ boxes still sealed. I bought a bunch of 151 at the reprint. Also opened a ton too. I've opened 15 151 booster bundles 2 upcs, 5 twilight masquerade boxes, a few tins and single packs and 1 night wonderer.
100%. Its very easy for this to blow out of control. Pace yourself the cards aren't going anywhere!
@phillips.collectibles I looked back at this comment and laughed. I ended up opening every single box I had. I quit opening boxes then my wife surprised me with a box. Lol. We now call it pokecrack.
As someone with adhd that Diderot effect man. Is my whole my life. Makes collecting so hard because I need everything
Gotta balance it out!
Same! 😅
Thank you all the tip
Budgeting is crucial. I normally wull collect cards i like for my personal but also to invest but not at once. The lower end IRs thouggh im grabbing cause they are super cheap. Thank God i dont get hit by that Diderot effect. If i buy a boosyer box i dont feel lile spending another 200 on the chase 😅😅
hi, I read the book you recommended, the psychology of money by Morgan Hausel. The book was very interesting and above all written naturally, there were no complicated words or expressions that could not be understood. I wanted to ask if you know of another such interesting book to read. Thanks for the reply. Btw: it was the first book that I read to the end, I was very interested.
One of the greatest books of all time! Thanks for tuning in
@@phillips.collectibles definitely, but my question was if there is another similar book that I should check?
Atomic Habits
@@phillips.collectibles thank you
great video again....thank you... but I have a question, do you know anything about whether there will be a Paldea Evolved reprint in the near future???
Not that I know of - though I assume it will its only a year old
nice budget collectors video.
thanks for the advice :)
Any time!
Where can you check prices older than 1y?
A lot of the places aren't accurate
Had to come here to prepare for Surging Sparks
Awesome to see you back commenting! I haven't seen you in ages. Welcome back.
@@phillips.collectibles thankyou! Glad to be back. I've just been avoiding temptation till I was ready to buy into a nice new set. Gotta save dat money
@@mitchellalexander1581 100%!
It is expensive! I track the price of each pull and update it each time I release a video. It is crazy the value we place on unopened boosters when the probability of loss is almost guaranteed.
BEST TIP: Learn how to sell. Budget to buy is what sold. Sell the low end to mid cards you can live with out when they spike. You can sell an old booster box, buy current box then keep difference. Also self grade. It becomes sustainable. I collect pkmn alt arts and weiss signitures. Havent put in new money for 4 years.
yup im definitely in diderot effect
Bro $15 a week for a gym? Where are you from? At least in the tri-state area of the US and average gym membership is only $20-$30 per month.
I am new to the channel i feel like your videos are very infomative. I wish you i found your channel ealrier
Thanks for checking out the channel!
Thank you.
Also as someone who priotized pokemon card as first thing in my life unconsciously, the people around you will know it even if you dont admit it. My girlfriend was hurt because 70% of all my money went to pokemon related things and spend most of the time for pokemon. Guys, dont forget this is just a hobby and you are NOT owning pokemon card shop
My main hobby is volunteer fire fighting, it's free and I get payed for the training hours and alarms and we also have a gym that we can use for free.
Investing ... what's better? Chasing cards as an investor, or just buying Booster Boxes an sitting on them for x years and then selling?
Thank you wery much
great videos for a man like me
Tell me about it... trying to Master Set EVERYTHING is a rich man's... or a fool's... task! 🤣🤣🤣 Sound advice!
How many master sets do you own?
@@phillips.collectibles Hey, Phillip! 👋 Currently... none! 🤣🤣🤣 I'm 95% finished Obsidian Flames and 96.4% finished SV 151... and ±60% finished all of the other sets from Crown Zenith through Temporal Forces. Like I said, a fool's errand, haha! My priorities are finishing SV 151 and Crown Zenith. As you say, I'm cautious with my Poke Budget and avoid the temptation to over-spend... and NEVER use debt. Slow and steady. That cards ain't going anywhere, and I'll get um in time.
Here in Asia everything is 2x the price only way to collect is import payment for shipping tax vat a 100 dollars item is 250 😂
First!!!! Love your videos man. I'm working on my collection and selling at my second ComicCon event this year. Budgeting is definitely a challenge!
Money over long term is investment. If you are buying cards for short term trade you are day trading. As stated there is a huge difference between spend and the opportunity cost of investment.
I blew a lot of money on Pokémon cards one week. But I make up for it in the aggregate cheap fuel, cooking for myself, deleting Uber eats is the fastest way to get money. 😂
I mean trading cards as a hobby isnt that bad for cost. If you do a sport you pay hundred or thousands a year minimum to do so, if go to the gym for 15 dollars a week, thats 780 a year. classes for art or music, mainteneenc and resources to keep them up probably hundreds a year minimum. responsible pokemon card hobby would be, wathcing the sets for ones you like, only chasing on the ones that you feel worth it, so maybe thats a booster box and than buying your favorite singles you dont pull, which is maybe $300 overall. thats not to bad. If you go a little crazy and get two booster boxes, an etb, all three promo sets, than finish of with singles buying, yea ok like 800-1000. if you did that every set, your spending big, if you do that once a year it not so bad. If recommend what i said before. Watch sets carefully, only chase on the cost efficient ones you like, and buy the cheaper singles you think are cool. after that have some fun looking for the SIR cards that you think are cool and might appreciate in value and you can get in when they are cheap, if they dont appreciate you still get a cool card you enjoy for little, if they do appreciate than you get value and enjoyment.
I love single player games! I'm not a multiplayer gamer.
Wish I saw this earlier lol I got that buying a lot of shit one he talked about lol
I would go in debt, buy Moonbreon at 1000$, sell it at 2000$ and make 1k$ profit 😂
The real way
Why did this video pop up after I just got the PSA 9 dark charizard 1st ed, PSA 10 Blastoise ex 151, CGC pristine 10 gardevoir ex, and a cgc 10 blastoise ex 151 in a span of a week.... I don't need this kind of negativity right now. 🙄🤚
counter strike.... over 5000 hours of "enjoyment" you can say
They call em pocket monsters for a reason... menaces to your wallet
✅️
low cost hobby playing pokemon tcg buying just singles to build decks
Klarna is god fam! Wtfffff yall talking about, gives you time to flip and find another avenues of revenue…credits cards are used the same
What's for you won't go by you.