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One favorite pastime for people all around the world is collectibles. Everyone remembers Grandmas old jewelry or an uncle old books, No matter what it may be, if someone has it, someone wants it.

There was once a program about a man who had accumulated over 100,000 macaroni and cheese boxes from all over the world. While this probably would not fall into the category of profitable collectibles, he most certainly thought his collection was valuable.

Sometimes becoming a collector is as easy as telling friends and family what you like. Knowing that you like a particular item, often leads them to ensure your every gift resembles such a theme, and in time your collection builds.

People collect things for different reasons: some for remembrances of their youth (playthings and figurines) and others for their interest and devotion to certain brands like Pepsi or Barbie -- and any item with a Coca-Cola history can be considered a collectible with profit potential.

There are a few collectibles that are greatly valued by consumers due to the fact that the value will never decrease. Something that not only makes you feel good because you own it, but that has value in addition to that is what makes an object collectible.

Be careful if you start collecting the trendy or popular items of the day; you could end up knee deep in a bunch of "stuff" that you can't even give away, let alone sell. A promise of future reward (cash) should only be your secondary purpose in obtaining collectibles.

Collectibles as in an investment is a pretty tricky because, as with so many collecting trends nowadays, the value of your collectible may never increase. So, if you decide to buy into a trend, re-sell it when you can assure yourself a profit. Only collect what you can live with, as there's no guarantee that your collectible will sell and you might need to be prepared to live with what you bought.