Ever wondered what happens at a pawn brokers? We did! So we invited pawn broker, Tyson May from the Long Jetty Pawn Broker, to tell us about the industry and what he does day-to-day. The chat touches on:
👉🏽the way pawn broking works for the buyer and seller
👉whether he's a payday lender
👉🏾the items you can pawn and how it works for each kind of item
👉🏿whether everything he sells is just stolen lol
👉🏻how the industry is regulated
👉whether you can pawn big ticket items like your house, car or motorbike
👉🏻some of the cool and weird stuff he's sold over the years
👉🏽and he does some impromptu valuations!
Watch this episode on YouTube to see the item valuations: https://youtu.be/qlqLggglIQw
Check out Tyson's business here: https://www.longjettypawnbroker.com.au/
Get $20 off The Glen James Spending Plan using the code "moneyz". Link to course below!
For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: https://www.sortyourmoneyout.com/shownotes
🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at sortyourmoneyout.com. This podcast is intended for residents of Australia.
We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast.
Hosted on Acast. See acast.com/privacy for more information.