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Selling on Facebook Marketplace: Avoid Scams and Know the Tax Rule
Description
In today's episode, Ralph Estep Jr. and Juliet focus on selling your unused stuff without getting scammed or surprised at tax time, plus an Election Day money check and a listener question about negotiating a job offer.
In This Episode
✓ Cost of living is the top voter concern on Election Day
✓ 72% of Gen Z investors changed course before the midterms, versus 17% of baby boomers
✓ Stocks have risen in the 12 months after all 19 midterms since 1950
✓ Job openings rise to 7.5 million in September
✓ Should you negotiate a job offer that pays 48% more than your current job?
✓ The closet test, pricing, and how to avoid payment scams
✓ Why a resale profit is taxable income
✓ This week's money move: sell one item for $75
If you have things sitting in a closet or garage, this episode shows how to turn them into cash safely.
Resources
Watch live:
https://www.becomingfinanciallyconfident.com/live
Win Our Christmas Bonus giveaway:
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Book a call:
https://www.ralphestepjr.com/schedule
Year-End Personal Tax Review:
https://www.becomingfinanciallyconfident.com/yearend
Selling checklist:
https://www.becomingfinanciallyconfident.com/sellit
Be on the show:
https://www.becomingfinanciallyconfident.com/stuck
Understanding Form 1099-K (IRS):
https://www.irs.gov/businesses/understanding-your-form-1099-k
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Have a money question?
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Companies Mentioned
Reuters
Ipsos
NBC
Pew Research Center
The Associated Press
J.P. Morgan
Standard & Poor's
Kalshi
Polymarket
TikTok
YouTube
Facebook Marketplace
eBay
Poshmark
Venmo
Cash App
Zelle
UPS
Rolex
Hermès
Tiffany
Wawa
Google Meet
Dale Carnegie
School of Podcasting
Pokémon
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