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Selling on Facebook Marketplace: Avoid Scams and Know the Tax Rule

Selling on Facebook Marketplace: Avoid Scams and Know the Tax Rule

Season 9 Episode 298 Published 1 day, 2 hours ago
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:

https://www.becomingfinanciallyconfident.com/giveaway

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?

Send it here:

https://www.becomingfinanciallyconfident.com/voicemail

Companies Mentioned

Reuters

Ipsos

NBC

Pew Research Center

The Associated Press

J.P. Morgan

Standard & Poor's

Kalshi

Polymarket

TikTok

YouTube

Facebook Marketplace

Facebook

eBay

Poshmark

Venmo

Cash App

Zelle

UPS

Rolex

Hermès

Tiffany

Wawa

Google Meet

Dale Carnegie

School of Podcasting

Pokémon

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