It's been a while since anyone responded to this thread, so I thought I'd add my two cents (wait a minute the cheap guy at the local scrap yard says it is now worth only a penny!)
I retired about a year ago and this gives me something to do. It is something I can do (i.e., clipping ends off wires and stripping wire) while listening to a ballgame and I love that multi-tasking part of it. Also, my wife is less inclined to complain about my listening to a game if she can see that I am also working at the same time.
The money part is a mixed bag for me. I feel like if I can make $50 or a bit more in a trip to the scrap yard that I've done pretty well. I have no idea how someone can actually make a living scrapping. I know there can be a fairly steep learning curve (for instance, knowing what types of wire are worthwhile stripping), but I feel like I am way behind anyone making decent money. If I get a total of $1,000-2,000 for the entire year, I will feel I've done reasonably well. So I need to learn more about how to be efficient to make more money. If I could up my game to $25-50k a year, that would be fantastic. Not sure if that is realistic, but I will keep trying.
The environmental aspect is also important to me. I love the concept of taking something used and giving it a new life, perhaps as something totally different. Example: We had a neighbor who had an old swing set they wanted to scrap. The guy was nice enough to cut all the pieces of steel into about 16-18" pieces. We took several of these and put chicken wire around them to keep rabbits out of our garden. It worked just great!
I like the idea of helping provide a job for someone else (the guy at the scrap yard) who might otherwise find it difficult to find work.
This can be surprisingly strenuous work at times and I can really work up quite a sweat. That helps me keep my weight down a bit from what it would otherwise be.
The idea of working my own hours is truly fantastic!
I like being a good example to others and this gives me an opportunity to talk about things like Henderson Island. It is between New Zealand and Chile in the middle of nowhere. Google that one if you like to see some of the sad photos. The island is uninhabited, yet it is one of the most polluted places on the planet. This is because the ocean currents carry lots of trash to Henderson.
I also trade stocks and must admit that making $100 at the scrap yard feels much better than making the same amount on a stock trade. It could be because the yard pays me in cash, and seeing that cash has a different effect than a number changing on a computer screen.
I don't mean to sound overly preachy, but recycling is kind of a way for me to make amends for stuff that I've thrown in the trash in the younger part of my life that should have been recycled.
This is a great topic for a thread!
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