Articles by Jasmina Milosevic - FinMasters Master Your Finances and Reach Your Goals Tue, 30 Jan 2024 16:51:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 Where to Sell Used Tools for Cash (Online & Locally) https://finmasters.com/sell-used-tools/ https://finmasters.com/sell-used-tools/#respond Mon, 01 May 2023 16:00:10 +0000 https://finmasters.com/?p=206149 Looking for the best way to sell your used tools and earn some cash? Here’s everything you need to know about the process.

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Many websites, apps, and local stores specialize in buying and selling used tools. In this guide, we’ll explore some of the most popular options available to help you find the best place to sell your used tools and get the most money for them.


Where to Sell Used Tools Online

Online platforms are the go-to choice for most people who want to sell some of their belongings they no longer need, including tools.

1. eBay

eBay is an online marketplace that allows buyers and sellers to trade new and used items, including electronics, fashion, collectibles, and even tools. It was founded in 1995 and has since become one of the world’s biggest online marketplaces, with over 185 million active buyers globally.

eBay operates on a bidding system where buyers can bid on an item, and the highest bidder wins the auction. Alternatively, sellers can set a fixed price for their items, allowing buyers to purchase them immediately.

Websitewww.ebay.com
Cost10% of the final sale price
Payout optionsvia PayPal or direct deposit
Delivery optionsshipping options are up to the seller

2. Facebook Marketplace

Facebook Marketplace is a free online platform where Facebook users can buy and sell items in their area. Since its launch in 2016, it has become a popular alternative to traditional classified websites, mainly because it doesn’t come with any additional costs.

Facebook Marketplace allows users to browse and search for items in categories, such as clothing, furniture, electronics, and tools.

Buyers and sellers can communicate directly through Facebook Messenger to arrange transactions, and Facebook does not charge any fees for using the Marketplace.

Websitewww.facebook.com/marketplace
Costfree of charge
Payout optionsvia PayPal or cash
Delivery optionsin-person transactions only

3. Craigslist

Craigslist is a classified advertisement website that allows users to post and browse listings for a wide range of goods and services, such as jobs, housing, items for sale, community events, and, of course, tools.

Craigslist operates in cities across the United States and many other countries. Users can access the website for free and don’t need to create an account to browse or post listings.

Craigslist allows for anonymous communication between buyers and sellers, which can be both the platform’s strength and weakness. While it can provide a level of privacy and security, it can also make it difficult to verify the identity and legitimacy of other users.

Websitewww.craigslist.org
Costfree of charge
Payout optionspayment options are up to the seller
Delivery optionsin-person transactions only

4. OfferUp

OfferUp is another outstanding online marketplace that allows people to buy and sell goods locally. The platform was founded in 2011, and you can access it via its website or mobile app available in the United States and Canada.

The platform enables users to sell a wide range of items, including furniture, electronics, clothing, tools, and cars. Buyers can browse through items in their local area, and sellers can create listings and communicate with potential buyers through the app’s messaging system.

With user profiles featuring ratings and reviews and secure payment options, OfferUp has everything you might need to sell your used tools for cash.

Websitewww.offerup.com
Cost12.9% of the price for shipping
Payout optionsOfferUp’s payment system or in-person
Delivery optionsshipping or in-person transactions

5. Nextdoor

Nextdoor is another platform that allows you to buy and sell items locally and connect with other people from your neighborhood.

Nextdoor enables users to create and browse listings for items in their local area. It uses location-based technology to show users items for sale nearby and allows for secure communication between buyers and sellers.

In addition, Nextdoor offers various safety features, such as user verification, fraud detection, and the ability to report suspicious activity or listings. You can rest assured that you’ll be safe when using this platform.

Websitewww.nextdoor.com
Costfree of charge
Payout optionspayment options are up to the seller
Delivery optionsshipping or in-person transactions

Where Can You Sell Used Tools Locally?

Besides online platforms and marketplaces, there are plenty of places where people sell used tools locally. While most websites mentioned above allow you to offer your used goods to a local audience, some prefer selling their items in person. If that’s the case, these places are an excellent way to sell used tools locally.

6. Local Pawn Shops

Local pawn shops provide short-term loans to individuals who offer collateral, such as jewelry, electronics, or tools. Pawn shops are often used by people who need quick cash but cannot access traditional loans or credit.

With that in mind, many local pawn shops buy and sell used tools. You can visit a pawn shop in your area and see if they want to purchase your gear.

7. Garage Sales

A garage sale is where people sell used or unwanted items from their homes. It’s often held in a garage or front yard, hence its name. Garage sales can also be called yard, tag, or rummage sales, depending on the region.

Naturally, you can also sell your used tools at a garage sale. You can advertise your sale in your local community and invite people to come and browse your items.

8. Flea Markets

Flea markets are typically outdoor markets where vendors sell various used, vintage, or handmade goods. Flea markets can sell anything from clothing, accessories, and jewelry to antiques, furniture, and collectibles. They often have a more laid-back atmosphere than traditional retail stores and can be a great place to find unique items at affordable prices.

As such, flea markets are another option for selling used tools in person. You can rent a booth at a local flea market and display your tools for sale.

9. Local Tool or Equipment Rental Stores

Local tool or equipment rental stores typically rent out tools and equipment to individuals and businesses on a short-term basis. These stores carry a variety of tools and equipment for various purposes, such as construction, home improvement, landscaping, and automotive repairs.

Some local tool or equipment rental stores may be interested in acquiring used tools to add to their inventory. You can contact these stores to see if they want to buy something from you.

10. Local Classified Ads

Finally, you can place a classified ad in your local newspaper or community bulletin boards, such as in grocery stores or community centers. That will allow you to reach people in your local area who might be interested in purchasing your used tools.


Tips for Selling

Creating an ad in under two minutes and uploading it online won’t yield incredible results. If you want to sell your used tools at the highest possible price, you must make an effort. Follow these tips, and you’ll find new owners for your tools in no time.

  • 🧽 Clean and Organize Your Tools Before you list your tools for sale, you need to clean and organize them. It will make them look more appealing to potential buyers and help them see the value in the things you offer. You can use a cleaning solution to remove dirt or grease and a wire brush to remove any rust. You can also organize your items by type and size to make them easier to browse for buyers.
  • 📸 Take Good Photos When creating a listing for your used tools, take high-quality photos that show the details and condition of the tools. You want to ensure potential buyers can see the tool’s condition clearly. Take pictures from different angles, including close-up shots of any damage. That way, you’ll avoid any uncomfortable situations with buyers asking for refunds.
  • 😇 Be Honest About the Condition Of Your Tools – It’s essential to be honest about the condition of your tools when listing them for sale. If there’s any damage or missing parts, include that information in your listing. Buyers appreciate transparency, and being honest about the condition of your stuff will help build trust with potential buyers.
  • 💵 Price Your Tools Competitively – Always do some research and see what similar items are selling for in your area before pricing your gear. It will help you set a fair price and attract buyers. Pricing your inventory too high may turn off potential buyers, while pricing them too low may not give you the value you deserve. Balance is the key, and researching the market will ensure you find the perfect middle ground.
  • 📳 Be Responsive to Inquiries – If someone contacts you about your tools, respond to their inquiries promptly. If you take too long to respond, a potential buyer may lose interest and move on to another seller. Answer the questions and provide any additional information the buyers might need to make a decision. Being helpful, informative, and polite always pays off.
  • 🏬 Meet in a Safe, Public Location – When arranging to meet with potential buyers, choose a safe, public location, such as a coffee shop or parking lot. It will help ensure your safety and prevent any potential scams. Don’t agree to meet in a private location, such as your home, and be wary of any buyers who ask for personal information or ask you to wire money.

Conclusion

Selling used tools for cash can be a great way to make some extra money while clearing out your workshop or garage. There are various options available for selling your used tools, ranging from online marketplaces like eBay and Craigslist to specialized tool resale websites and local pawn shops.

Why not take a look at your collection of tools and see if there are any that you no longer use? You may just be surprised at how much they are worth.

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What Can I and Can’t I Buy With Food Stamps? https://finmasters.com/what-can-i-buy-with-snap/ https://finmasters.com/what-can-i-buy-with-snap/#respond Mon, 27 Mar 2023 16:00:53 +0000 https://finmasters.com/?p=177675 SNAP, also called food stamps, is a government program designed to prevent hunger. Here's what you can and can't buy with the benefits.

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The Supplemental Nutrition Assistance Program (SNAP) is a government initiative in the US aimed at assisting financially challenged families and individuals in purchasing food. Previously known as the Food Stamp Program, it’s often still referred to as “Food Stamps.”

SNAP benefits are intended for nutritional support, and there are restrictions on what you can purchase using them. Let’s explore the items that are eligible and ineligible for purchase with food stamps.

How SNAP Works?

Although food stamps were handed out as physical vouchers before, those days are long gone. Nowadays, SNAP benefits are distributed through an electronic benefits transfer (EBT) card that you can use to purchase eligible food items at participating retailers.

The program serves millions of individuals and families across the United States and helps alleviate food insecurity and improve overall health outcomes. For 2023, the maximum monthly benefit of SNAP for one person is $281, while families of four can receive up to $939 in most states.

Around 248,000 retailers across the US participate in SNAP, including grocery stores, supermarkets, superstores like Walmart and Target, local food co-ops, farmers markets, specialty stores, pharmacies, convenience stores, gas stations, and even Amazon.

What Can You Buy With Food Stamps?

🛒 Most items you can buy with food stamps are, not surprisingly, food. Here are some eligible items:

  • Vegetables and fruits. All forms of fresh, canned, frozen, and dried fruits and vegetables are eligible, including edible flowers and seaweeds.
  • Dairy products. Milk-based products such as whole, skim, and flavored milk, cream, yogurt, cheese, and butter can be purchased with SNAP benefits, along with substitutes like margarine and non-dairy soy, almond, or rice milk.
  • Meat, poultry, and fish, including all meats, poultry, seafood, game meat, organ meats, and processed meats, like hot dogs, bacon, and sausages.
  • Cereals and bread. This includes grain-based products like bread, bagels, pita, breakfast cereals, rice, pasta, flour, tortillas, crackers, and other grains like quinoa, barley, and couscous.
  • Snack foods, including chips, crackers, pretzels, cookies, candy, cakes, nuts, seeds, popcorn, ice cream, and other foods often used as snacks.
  • Non-alcoholic beverages, including bottled water, flavored water, sparkling water, juices and juice blends, sports drinks, energy drinks, coffee, tea, and other hot beverages, and soft drinks.
  • Ingredients and condiments, including cooking oil, sugar, ketchup, mustard, syrups, spices, and seasonings.
  • Seeds and edible plants that produce food for the household.

Some states offer the SNAP Restaurant Meals program, which allows some individuals to purchase meals in approved low-cost restaurants with SNAP benefits. This is usually available only to elderly, disabled, or homeless beneficiaries.

What Can’t You Buy With Food Stamps?

🚫 Naturally, you can only buy some items with food stamps. Many items in stores don’t align with the SNAP rules, so it’s impossible to use a SNAP EBT card to buy those products. Let’s see some items that you can’t purchase with food stamps:

  • Vitamins, medicines, and supplements. All items with a Supplement Facts label are considered supplements and aren’t eligible for SNAP purchases.
  • Hot meals. Unless you qualify for the SNAP Restaurant Meals program, you can’t purchase prepared meals and hot foods at the point of sale with food stamps. That includes meals from a restaurant, deli, or convenience store.
  • Alcoholic beverages. You can’t purchase any type of alcoholic drink, including beer, wine, and other types of liquor, with food stamps.
  • Tobacco products. You cannot use SNAP benefits to purchase tobacco products, such as cigarettes, cigars, pipe tobacco, or chewing tobacco.
  • Live animals. Buying live animals isn’t possible with food stamps except for fish removed from the water, shellfish, and animals slaughtered before the store pick-up.
  • Pet foods, including wet and dry food for cats and dogs, bird seed and feed, hay for small animals, such as rabbits and guinea pigs, and food for other pets, such as fish, reptiles, or small mammals.
  • Household supplies, like cleaning supplies, paper products, hygiene items, and cosmetics.
  • Non-food luxury items. You cannot use SNAP benefits to purchase non-food luxury items like jewelry, clothing, or electronics.

Some states may have their own rules: in Alaska, you can buy hunting and fishing equipment with SNAP benefits if you plan to feed your family that way! Check your state’s rules for any special exceptions.

How to Use Food Stamps

If you are eligible for SNAP benefits and have received an Electronic Benefits Transfer (EBT) card, you can start purchasing allowed products with food stamps. There are several ways to use your benefits and get the most out of this program:

  • Shop at participating grocery stores: You can use SNAP benefits to purchase eligible food items at participating grocery stores. You can swipe your EBT card at the checkout and enter your PIN to pay for your purchases.
  • Shop online: You can use SNAP benefits to purchase groceries online through participating retailers in certain areas. You can use your EBT card to make online purchases, and in some cases, you can use delivery services to receive your groceries at home.
  • Use farmer’s markets: Many farmer’s markets accept SNAP benefits. You can use your EBT card at a participating market to purchase eligible food items directly from local farmers, supporting them and contributing to the local economy.

Remember that there are restrictions on what items you can purchase with SNAP benefits; some of them, such as hot prepared foods or non-food items, are not eligible. Also, be mindful of your remaining balance on your EBT card, as you can only spend up to your allotted amount.

To check your balance for SNAP, also known as food stamps, you can:

  • Check your last store receipt: Your current SNAP balance is typically printed on your latest store receipt. If you have a recent receipt from a participating grocery store where you used your SNAP benefits, you can check the bottom of the receipt to see your remaining balance.
  • Check your EBT card balance online: Log into your account on your state’s EBT website or mobile app to view your SNAP balance. That will allow you to view your current balance and transaction history.
  • Call the customer service number that you can find on your EBT card: The back of your EBT card shows a phone number you can dial to connect to the customer service line for your state’s SNAP program. You can use this line to check your balance and ask any questions you may have about your benefits.

All these options will allow you to keep track of your SNAP balance and plan your purchases accordingly.

Check Your SNAP Eligibility

Before you use your SNAP funds, you must see if you’re eligible for the program. If you’re interested in applying for SNAP benefits, you can check your eligibility in several ways. We’ve listed some of the possible options below:

1. Use the SNAP Pre-Screening Tool

The United States Department of Agriculture (USDA) provides an online pre-screening tool that can help determine if you are eligible for SNAP benefits. The tool asks questions about your income, household size, and expenses and provides an estimate of your eligibility.

This option is probably the quickest way to determine whether you’re eligible for SNAP funds. The best part is you can complete the whole process from the comfort of your home.

2. Check For Work Requirements

If you are between 16 and 59 and able to work, you will have to meet work requirements to receive benefits for more than three months.

SNAP requirements may include registering for work, participating in training, taking a job if offered, and not quitting a job.

Review the full list of work requirements if you plan to use SNAP.

3. Contact Your Local SNAP Office

If you have additional questions or want to check your SNAP eligibility in person, you can visit your local SNAP office.

Each US state has its unique SNAP program, and you can contact your local office to ask about eligibility requirements and to start the application process. You can find your local SNAP office through the USDA’s SNAP State Directory. That is also an excellent way to immediately get more information about product eligibility in your state or area.

4. Complete an Application

To get SNAP benefits, you will need to complete an application. You can obtain an application from your local SNAP office. The application will ask for information about your household, income, expenses, and other factors that may affect your eligibility.

To apply for SNAP benefits, you will typically need to provide documentation of your income and expenses, such as pay stubs, tax returns, and utility bills. Once your application is complete, the SNAP office will review it and notify you of your eligibility and benefit amount.

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Gross Pay vs. Net Pay: What’s the Difference? https://finmasters.com/gross-pay-vs-net-pay/ https://finmasters.com/gross-pay-vs-net-pay/#respond Sun, 26 Mar 2023 16:00:52 +0000 https://finmasters.com/?p=177654 Gross pay is the salary you receive. Net pay is what's left after mandatory an optional deductions. We break down the difference.

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Gross pay represents what you earn before taxes and all the other deductions. Net pay is the money you actually take home. Anyone who’s ever read a pay stub knows those two are quite different.

Understanding how gross pay becomes net pay and what the difference is will help you understand where your money is going. It’s important to know what each deduction is and what (if anything) you get in exchange.

What Is Gross Pay?

Gross pay represents the total amount of money an employee earns before deductions, such as taxes and other withholding amounts. It is the compensation an employee receives for all their work hours or the work they completed during a pay period.

Gross pay forms the basis for calculating an employee’s net pay, the amount the employee takes home after all deductions.

What Goes Into Gross Pay

Gross pay typically includes regular pay, bonuses, and overtime pay, but may also involve other forms of compensation such as commissions, profit-sharing, and non-taxable benefits.

  • Regular Pay – Employees are guaranteed to receive this base salary for their regular work hours. It is usually a fixed amount determined by the employee’s job title, experience, and qualifications. It may be calculated as an annual salary or an hourly rate.
  • Overtime Pay – Income earned for working hours that exceed the standard 40-hour work week is overtime pay. It is usually calculated at a premium rate, typically 1.5 times the regular pay rate.
  • Bonuses – Bonuses are additional payments employees receive as a reward for good performance or to recognize exceptional achievements. Bonuses are not guaranteed and are often discretionary.
  • Profit-Sharing – Some companies choose to distribute a portion of their profits to employees. The amount of profit-sharing an employee receives is usually based on company and individual performance.
  • Commissions – A commission is a payment made to an employee based on their performance. It’s a typical compensation in sales jobs and can significantly affect an employee’s overall income.

How to Calculate Gross Pay

How you calculate gross pay depends on whether you receive an annual salary or hourly wage. While salaried employees are typically paid a fixed amount divided into 12 installments for 12 months, being paid by the hour means your payment depends on the total number of hours you work. Here are the two different calculations for gross pay.

1. Calculating Gross Income as a Salaried Employee

When you receive an annual salary, all your payslips will show a recurring figure indicating your gross pay for the particular month.

If you want to calculate your annual gross salary, you can multiply your gross monthly income by 12. Include all short-term and long-term bonuses to get an accurate number.

Another way to calculate gross income as a salaried employee is to divide the annual gross salary by the number of pay periods, usually 12.

👉 For Example

Let’s say Michael’s annual income is $65,000. He receives his pay on a semi-monthly schedule, which amounts to 24 pay periods within a year. An easy way to calculate Michael’s gross income per pay period is to divide his annual income by the number of received payrolls, which is 24 in this case. This formula shows that each of Michael’s paychecks is $2.708.33.

2. Calculating Gross Income as an Hourly Employee

If you’re paid hourly, you can also calculate your gross income in two different ways.

One way to do it is to collect the payslips from your previous year and add the gross income for every month to discover your annual gross income. Calculating your gross income for the future is a bit more challenging simply because you can’t know with absolute certainty how many hours you’ll work or how much money you’ll make.

If you work regular work hours, you can multiply your hourly pay rate by your guaranteed weekly hours to get your weekly gross pay. Then multiply that number by four weeks to receive your monthly gross pay or by 52 weeks to get your annual gross pay as a wage employee.

👉 For Example

Let’s say that Izzy covers an extra shift every other week, which means eight hours of overtime on a two-week basis. Her regular hourly rate is $20, and her overtime rate is $30. Here’s what her two-week pay period looks like.

In the first week, Izzy works a regular 40-hour week. Since her hourly rate is $20, her gross pay for the first week is $800. The same goes for the second week. However, she works an additional eight hours with a $30 hourly rate. That’s $830 for the second week and $1,630 total gross pay for the two weeks.

💵 What Is Net Pay?

Net pay refers to the amount of money an employee takes home after all the deductions and taxes have been taken out of their gross pay.

Deductions include federal and state income taxes, Social Security taxes, Medicare taxes, and other deductions. In addition to federal and state taxes, some employees may have additional deductions taken out of their pay, like 401(k) contributions and health insurance premiums.

Net pay is the amount of money left after all these deductions have been taken out. These deductions can significantly reduce an employee’s net pay, so it’s vital to understand how they are calculated and how they will impact an employee’s take-home pay.

Employers are required by law to provide employees with information about their gross pay, deductions, and net pay. This information is usually included on the employee’s pay stub, a document given to the employee each time they’re paid.

Employees should review their pay stubs carefully to ensure the calculations are accurate and that the correct amount of money is being taken out for the deductions.

Mandatory Deductions

Some payroll deductions are mandatory, meaning that everyone has to pay them.

1. Income Taxes

The largest mandatory income deduction is usually the federal income tax. There are several tax rates, depending on your income, so tax ranges from 10% to 37%.

Your employer will set your withholding rate, but you can ask them to change it. If the amount withheld in a tax year is greater than your tax due, you will receive a refund. If the amount withheld is less than the amount due, you will owe an additional sum.

Some states may impose additional income taxes, which will also be deducted.

2. FICA Tax

This tax covers Social Security and Medicare, important benefits when you retire.

The total FICA payroll tax rate is 15.3% of your gross pay. The employer pays half of this tax, and the employee pays the other half (7.65% each). 6.2% goes toward Social Security and 1.45% toward Medicare.

There’s a cap on the gross pay subject to Social Security tax. It’s called the Social Security wage base and is $160,200 for 2023. Any earnings above $160,200 aren’t subject to Social Security tax.

An additional Medicare tax is paid by employees who earn more than $200,000 in gross income. It is 0.9% of all gross incomes over $200,000.

3. Wage Garnishments

Wage garnishment is a legal process that orders an employer to withhold a part of someone’s earnings, paying them directly to a creditor to satisfy a debt. That can happen due to a court order, a government agency request, or other legal action.

Wage garnishments may include student loans, taxes, and unpaid alimony child support. Payment for a civil debt may be garnished if the creditor sues you and wins.

Voluntary Deductions

Not all gross income deductions are obligatory. Many are voluntary. Individuals can choose how much money, if any, they want to set apart for some voluntary deductions.

1. Health Insurance

Employers with more than 50 employees are required to offer employer-sponsored health insurance plans. The cost of these plans is usually split between the employer and the employee.

Participation in these plans is not mandatory, but they are usually less expensive than an equivalent plan sourced independently would be.

2. 401(k) Plans

A 401(k) plan is an employer-sponsored retirement savings plan designed to help employees save for their retirement years. It is named after the section of the Internal Revenue Code that governs it.

Under a 401(k) plan, employees can have a portion of their paychecks withheld and placed into a tax-deferred retirement account. The employer may also choose to match a part of the employee’s contributions, which can significantly increase the amount of savings.

The funds in the 401(k) plan grow tax-free until the employee retires and starts taking withdrawals, at which point the withdrawals are taxed as income.

3. Additional Insurance

Some employers may also offer life insurance or other insurance benefits. These are always optional. If you see an insurance-related deduction on your pay stub, ask what it is and what benefits you will receive, so you know whether the benefits are worth it to you.

4. HSA, FSA, AND HRA

Some employers offer accounts like an HSA (Health Savings Account), FSA (Flexible Savings Account), and HRA (Health Reimbursement Arrangement). These are all types of savings or spending accounts that are used to pay for health-related expenses. These accounts can be helpful for individuals who want to set aside funds specifically for health-related costs and take advantage of tax benefits.

5. Union Dues

Union dues are fees paid by union members to their union as a membership requirement. The dues are used to support the operations of the union and its activities, such as collective bargaining, contract administration, and representation of members in disputes with employers.

Union membership may be mandatory in some workplaces.

6. Work-Related Tools or Uniforms

Some employers may deduct all or a portion of the cost of work-related tools or uniform purchases.

7. Charitable Donations

Employees can also automatically donate a portion of their pay to various charities. The donations are entirely voluntary, so individuals can choose how much money they want to give and to which charities.

How to Calculate Net Pay From Gross Pay

Net pay represents the amount of money that an individual receives after all deductions have been taken from their gross pay. To calculate net pay from gross pay, you must subtract all relevant deductions from the gross pay amount.

👨‍💻 Here’s a step-by-step guide on how to calculate net pay:

  1. Determine the gross pay: Look into the total amount earned before deductions.
  2. Identify the relevant deductions: Determine federal and state income taxes, Social Security and Medicare taxes (FICA), wage garnishments, union dues, and any other mandatory or voluntary deductions.
  3. Calculate the total deductions: Add up all of the relevant deductions.
  4. Subtract the total deductions from the gross pay: The result represents the individual’s net pay.

Gross Pay vs. Net Pay Example

Here’s a sample pay stub.

Paystub example

We can see that the employee worked 80 hours at an hourly rate of $25.
Gross pay: 80 x 25 = $2,000.

There are also several deductions.

  • Federal tax at $316.11
  • California Income tax at $71.56
  • SDI or State Disability Insurance at $18
  • Social Security and Medicare at $124
    (OASDI stands for Old Age, Survivors, and Disability Insurance and is another name for Social Security).
  • Health Insurance at $29

Net pay: $2,000 – $316.11 – $71.56 – $18 – $124 – $29 = $1,441.33

The sum of the deductions for this payroll period is $558.67, leaving a net pay of $1,441.33.

The pay slip will also give you your total earnings, total deductions, and total net pay for the year to date.

Your pay slip may vary, and there may be other deductions, but the basic method of calculating net pay from gross pay remains the same.

Final Thoughts

As you can see from the example above, net pay can be substantially lower than gross pay. It’s important to remember that if you’re just starting out as an employee. A salary that sounded adequate on a gross basis may be less than adequate once you calculate all deductions.

Once you gain more experience with paychecks, you’ll learn about the various deductions and how to anticipate the pay you’ll actually be able to spend. In the meantime, if you see a deduction that you don’t understand, don’t hesitate to ask your employer what it is and why it’s necessary!

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How and Where to Sell a Used Mattress: A Step-by-Step Guide https://finmasters.com/sell-a-used-mattress/ https://finmasters.com/sell-a-used-mattress/#respond Sat, 18 Mar 2023 16:00:51 +0000 https://finmasters.com/?p=155860 Do you have a spare mattress lying around and taking up your free space? Here's how to get rid of it and earn some extra cash along the way!

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Selling a used mattress can be a smart move when you upgrade to a brand-new one. While a new mattress improves sleep quality and comfort, figuring out what to do with the old, bulky one can be challenging. Instead of letting it take up space, selling it is a practical and attractive option.

First, let’s tackle the issue of legality. Generally speaking, it’s legal to sell used mattresses in the US. However, regulations may vary by state.

Some states have specific laws regarding the sale of used mattresses, such as requiring them to be cleaned and disinfected before you can resell them. Additionally, it’s important to disclose the condition of a used mattress to potential buyers to avoid any potential legal issues related to false advertising or consumer fraud.

⚖ State-by-State Guide to Selling Used Mattresses
  • Alabama (AL): It’s legal to sell a used mattress but illegal to claim it is new.
  • Alaska (AK): Contact the Alaska Department of Health for updated information.
  • Arizona (AZ): It’s legal to sell a used mattress, but it must be sanitized before the sale.
  • Arkansas (AR): It’s legal to sell a used mattress but illegal to claim it is new.
  • California (CA): It’s legal to sell a used mattress unless it has visible stains.
  • Colorado (CO): It’s legal to sell a used mattress, but it must be sanitized before the sale.
  • Connecticut (CT): It’s legal to sell a used mattress, but it must be sanitized and correctly labeled.
  • Delaware (DE): It’s legal to sell a used mattress, but it must be sanitized before the sale.
  • Florida (FL): It’s legal to sell a used mattress, but it must be sanitized before the sale.
  • Georgia (GA): It’s legal to sell a used mattress, but used filling must be labeled.
  • Hawaii (HI): It’s legal to sell a used mattress, but you must clearly label the condition of the materials.
  • Idaho (ID): Contact the Idaho Department of Health for updated information.
  • Illinois (IL): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Indiana (IN): It’s illegal to sell a used mattress as a retailer but not as an individual.
  • Iowa (IA): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Kansas (KS): It’s illegal to sell a used mattress.
  • Kentucky (KY): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Louisiana (LA): It’s illegal to sell a used mattress as a retailer but not as an individual.
  • Maine (ME): Contact the Maine Department of Health for updated information.
  • Maryland (MD): It’s illegal to sell a used mattress as a retailer but not as an individual.
  • Massachusetts (MA): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Michigan (MI): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Minnesota (MN): It’s legal to sell a used mattress, but it must be sanitized before the sale.
  • Mississippi (MS): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Missouri (MO): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Montana (MT): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Nebraska (NE): There’s currently no law on selling used mattresses.
  • Nevada (NV): It’s legal to sell a used mattress, but it must be sanitized before the sale.
  • New Hampshire (NH): Contact the New Hampshire Department of Health for updated information.
  • New Jersey (NJ): It’s legal to sell a used mattress, but it must be sanitized before the sale.
  • New Mexico (NM): It’s legal to sell a used mattress, but it must be sanitized before the sale.
  • New York (NY): Selling a used mattress is legal, but retailers require a special license.
  • North Carolina (NC): It’s legal to sell a used mattress, but it must be sanitized before the sale.
  • North Dakota (ND): Contact the North Dakota Department of Health for updated information.
  • Ohio (OH): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Oklahoma (OK): Contact the Oklahoma Department of Health for updated information.
  • Oregon (OR): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Pennsylvania (PA): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Rhode Island (RI): Contact the Rhode Island Department of Health for updated information.
  • South Carolina (SC): It’s legal to sell a used mattress, but it must be sanitized before the sale.
  • South Dakota (SD): Contact the South Dakota Department of Health for updated information.
  • Tennessee (TN): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Texas (TX): It’s legal to sell a used mattress, but it must be sanitized and correctly labeled.
  • Utah (UT): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Vermont (VT): It’s legal to sell a used mattress but illegal to claim it is new.
  • Virginia (VA): It’s legal to sell a used mattress, but it must be sanitized before the sale.
  • Washington (WA): It’s illegal to sell a used mattress as a retailer but not as an individual.
  • West Virginia (WV): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Wisconsin (WI): It’s legal to sell a used mattress, but you must clearly label its condition.
  • Wyoming (WY): Contact the Wyoming Department of Health for updated information.

☝ People who would like to sell a used mattress are strongly encouraged to contact their local Department of Health first. Regulations change frequently, and that’s the only way to get the most recent information.

How to Sell a Used Mattress

This step-by-step guide will ensure you make the most out of your sale.

1. Know the Laws and Regulations

The first thing you should do is research the existing laws and regulations connected to the process of selling used mattresses. Since selling mattresses is subject to far more regulation than other household items, you need to know what’s allowed in your state.

In most US states, selling used mattresses is legal, but only if they’re sanitized properly and labeled correctly. That means you must sanitize them before selling them and label them as “used” in your ad.

Some states don’t have any regulations concerning the sale of used mattresses, while some of them don’t allow it at all.

Although you can get more information about the legality of selling used mattresses in every US state in the section above, it’s never a bad idea to contact your local Department of Health and get the latest information.

2. Set a Price

Once you’ve determined you’re allowed to sell a used mattress, you should set the price at which you’re selling your product. The price of the used mattress is affected by numerous factors, but the most common market price for a used mattress in good condition is around 20–30% of its retail value. Therefore, if you paid $1,000 for the mattress when you bought it, you can probably sell it for $200 to $300.

📋 Several factors can influence the final price:

  • Age (a 5-year-old mattress is worth much more than a 15-year-old mattress);
  • Frequency of use (you could sell guest room mattresses for more than master bedroom mattresses);
  • Brand (mattresses from famous brands cost more);
  • Condition (stains, rips, visible sagging, and similar flaws decrease the price);
  • Additional seller perks (pick-up only, included delivery, etc.).

If you’re not sure what the best price for your particular mattress is, you can always look at other ads to see the prices of used mattresses with similar features.

3. Select a Marketplace

Once you have a number in mind, you must decide where to sell your used mattress. You can choose between countless online and offline marketplaces to sell your mattress.

🛒 Here are just some of the possibilities:

  • Online marketplaces and websites;
  • Online mattress marketplaces;
  • Local Facebook groups for buying and selling;
  • Local consignment stores or furniture resale shops;
  • Local classifieds in newspapers or community bulletin boards;
  • Local second-hand furniture or thrift stores;
  • Local freecycle groups for giving away unwanted items.

Most people choose online marketplaces and websites because they make the entire process significantly easier for both the seller and the buyer. Creating ads on these sites is usually free, so you can also list your mattress ad across several platforms.

4. Create an Ad

Now, it’s time to create an advertisement. In the ad, you need to describe your mattress in detail. Be honest and include accurate and complete information about the mattress.

📋 Include the following details:

  • Brand and model;
  • Mattress size;
  • Mattress type;
  • Materials used;
  • Cover fabrics;
  • The age of the mattress;
  • The use of the mattress.

Don’t forget to list your asking price and mention whether your price is fixed or not. Many sellers are open to offers and sell their mattresses to people who bid the largest amount. You should also mention where the mattress is located, whether you can deliver it, or whether interested buyers need to pick up the mattress themselves.

Lastly, upload pictures of the mattress. Include both wider shots and close-ups, along with pictures showing any wear or damage.

Add your contact information, and your ad is ready.

5. Say Bye-Bye to Your Old Mattress!

After you’ve published your advertisement, the only thing left to do is wait for inquiries from prospective buyers. A week or two is enough for potential buyers to find your ad and contact you if they’re interested.

👉 If you haven’t had any luck, you can try one of several strategies:

  • Create a more eye-catching listing title;
  • Repost your listing;
  • Lower the price;
  • Offer mattress delivery;
  • Pay for your listing to be on top.

Don’t worry if you don’t sell your used mattress instantly. Not many people purchase used mattresses, so you must wait until the right buyer comes along.

6. Donate the Mattress

If you can’t sell your mattress, you can always donate it. Many local charities, religious organizations, and homeless shelters accept used mattresses in good condition.

Feel free to call these organizations and find out who might accept your donation. While you won’t get any cash in return, it’s always nice to help someone in need.


Where to Sell a Used Mattress

Since online websites, platforms, and marketplaces are the go-to option for people selling used mattresses, here are 9 where you can sell your mattress.

Remember that mattresses are bulky, heavy, and expensive to ship. That usually makes local marketplaces your best bet.

1. Craigslist

Craigslist is a popular online classifieds website that allows users to post ads for items they want to sell, including used mattresses. It’s free to post an ad on Craigslist, and it can be a great way to reach local buyers.

2. Facebook Marketplace

Facebook Marketplace is a platform for buying and selling items within your community. It’s free to post an ad, and you have access to a large number of potential buyers. It’s safe and reliable, so it’s one of the favorite marketplaces among both sellers and buyers.

3. eBay

When using eBay, you can list your mattress for auction or at a fixed price and reach a large audience of potential buyers. However, you will be responsible for shipping the mattress to the buyer, and some fees may be associated with listing your mattress on eBay.

4. Amazon

Amazon is among the most popular marketplaces worldwide, whether you’re looking for brand-new or used products. You can list your mattress on Amazon, but you’ll have to pay a fee to sell your mattress. You’ll also have to handle the shipping and customer service.

5. SleepSherpa

SleepSherpa is an online marketplace created specifically for mattresses, so it’s a great option if you want to ensure you’re reaching the right audience. You can list your used mattress on the website and easily reach potential buyers specifically looking for a used mattress.

6. MattressAdvisor

Another outstanding online marketplace specifically for mattresses is MattressAdvisor. You can list your used mattress on the website, which may be a great way to reach potential buyers specifically looking for a used mattress.

7. OfferUp

OfferUp equips its users with a free mobile app that they can use to buy and sell items online. If you choose OfferUp, you’ll easily reach a local audience of potential buyers and sell your used mattress in no time.

8. Trove Market

Trove Market specializes in vintage and antique furniture, including used mattresses. You can list your used mattress on the website and wait for other users to see your ad. Ince most users are looking for used items on this online marketplace, selling a used mattress should be an easy task.

9. Chairish

Chairish also specializes in vintage and antique furniture. Like Trove Market, Chairish allows you to reach a larger group of people specifically looking for used goods.

Before you choose a platform you’ll use, you should check what every online marketplace requires from its sellers. Some websites might have their own rules and restrictions regarding the sale of used mattresses, so it’s never a bad idea to check the website’s policies before listing your mattress.


The Bottom Line

Selling a used mattress is a delicate topic. It’s not the same as selling other household items, so special laws and regulations are applied. If you’ve rewarded yourself with a new mattress recently and are looking for the best way to get rid of the old one, selling it might be just the option.

However, before you do that, you might want to gather the latest information about the legality of selling used mattresses in your state.

The post How and Where to Sell a Used Mattress: A Step-by-Step Guide appeared first on FinMasters.

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15 Best Places to Sell a Used Wedding Dress Quickly https://finmasters.com/sell-a-used-wedding-dress/ https://finmasters.com/sell-a-used-wedding-dress/#respond Thu, 02 Mar 2023 17:00:02 +0000 https://finmasters.com/?p=161907 If you think it’s time to get rid of the used wedding dress sitting in your wardrobe, these places are your best options.

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Purchasing the perfect wedding dress is every bride’s dream. However, the big day is over before you know it, and you’re stuck with a big wedding dress for the rest of your life.

You might soon realize your wedding dress occupies too much space in your closet and gathers dust. Since it isn’t something anyone reaches for on a typical Monday morning or even Friday evening, many brides sell their wedding dresses to recoup some of the cost.

If you’ve been thinking about doing the same thing, these top 15 sites and locations are the best places to sell your wedding dress.

Where to Sell a Used Wedding Dress Online

1. Stillwhite

Stillwhite is one of the most popular online marketplaces for selling and buying pre-owned wedding dresses. With a selection of more than 52,000 used wedding dresses, it’s one of the go-to places for brides-to-be looking for a bargain on the perfect wedding dress.

Stillwhite has a valuation tool to help you decide on the best price for your wedding dress, a very useful feature for sellers who are not so familiar with the market. It lets you set a reasonable sum for your item and sell it quickly.

Websitewww.stillwhite.com
CostStillwhite doesn’t take sales commissions, but listing your wedding dress costs $20 for a standard listing or $30 for a premium listing.
Payout optionsSellers can withdraw funds via PayPal.
Delivery optionsSellers ship wedding dresses to buyers. Buyers pay for the shipping.

2. Poshmark

Poshmark is an online marketplace for selling and buying used items, including clothing, beauty, and home decor. The site also has a dedicated section for wedding dresses where people can buy and sell designer and mall wedding dresses.

Poshmark also has a mobile app, which significantly simplifies selling and buying for users. Buyers can use various filters to narrow their search and communicate with sellers, while sellers can share their listings for easier discovery. The result is a platform that sellers and buyers love using.

Websitewww.poshmark.com
CostA 20% commission fee on sales over $15
Payout optionsSellers can withdraw funds via PayPal, Instant Transfer, Venmo, direct deposit, or request a check.
Delivery optionsSellers receive a prepaid shipping label for a free pickup or mailbox delivery. Buyers pay for the shipping.

3. Tradesy

Tradesy is an online marketplace specializing in selling designer clothing and accessories. This is a site that specializes in designer wedding dresses only. The used wedding dresses also have to be in outstanding condition.

Although Tradesy is quite strict regarding the items it approves, buyers on this site are generally ready to pay more for a high-quality wedding dress in pristine condition. If you’ve invested a lot into your designer wedding dress and it’s still in outstanding condition, Tradesy is the best place to recoup some of the cost.

Websitewww.tradesy.com
CostA 19.8% commission fee on sales over $50
Payout optionsSellers can withdraw funds via PayPal, a debit card, or an ACH transfer.
Delivery optionsSellers receive a prepaid shipping label and can choose how they will ship their orders.

4. BravoBride

If you’re looking for an online bridal marketplace where you can sell wedding dresses, bridal shoes, jewelry, veils, and other ceremony and reception accessories, BravoBride is a perfect choice. You can easily list all your wedding items and find soon-to-be brides who would love to purchase some of your goods.

The best thing is that BravoBride doesn’t take a commission from your sales. Even though Stillwhite recently acquired BravoBride, it still offers its users the same quality of service.

Websitewww.bravobride.com
CostBravoBride doesn’t take sales commissions, but listing your wedding dress costs $9.95.
Payout optionsSellers can choose the payout option. BravoBride recommends PayPal or Escrow.
Delivery optionsShipping arrangements are up to the sellers.

5. Wore It Once

Another excellent option for selling used wedding dresses and other bridal-related items is Wore It Once. This platform allows sellers to set up a virtual shop on the site, enabling them to quickly and efficiently sell multiple products.

Sellers have complete freedom regarding how much they’ll charge for their pieces and how big their shop will be. The listings don’t expire and Wore It Once doesn’t take a commission for the sales. All you have to do as a seller is pay a one-time setup fee of $20, and you’re ready to launch your virtual shop.

Websitewww.woreitonce.com
CostWore It Once doesn’t take sales commissions, but setting up your shop costs $20.
Payout optionsSellers can choose the payout option, including PayPal, Instant Transfer, or direct deposits.
Delivery optionsSellers and buyers agree on the shipping method.

6. Ruffled

From wedding gowns to wedding decorations, Ruffled allows you to recycle your entire wedding and earn some money. When using this website, you can buy or sell wedding dresses without additional costs because Ruffled doesn’t take commissions from sales or charge for the listings.

Besides being completely free to use, Ruffled has a vast community of people specifically looking to buy or sell wedding-related items, which is just the audience you’re looking for.

Websitewww.ruffledblog.com/recycle-your-wedding/
CostRuffled is entirely free to use.
Payout optionsSellers can withdraw funds via PayPal.
Delivery optionsSellers receive a prepaid shipping label and can choose how they’ll ship their orders.

7. Once Wed

Whether you want to find wedding inspiration, use unique wedding planning tools, or browse pre-loved wedding dresses, Once Wed is an online resource that has it all. That’s why Once Wed is so popular among brides-to-be. Moreover, owners of used wedding dresses can use this opportunity to sell their pieces at excellent prices.

At Once Wed, over 4,000 secondhand wedding dresses are available. Not only does Once Wed have an extensive collection, but it’s also free and safe to use.

Websitewww.oncewed.com
CostOnce Wed doesn’t take sales commissions, but listing your wedding dress costs $19.95.
Payout optionsSellers can withdraw funds via PayPal or Escrow.
Delivery optionsShipping arrangements are up to the sellers.

8. Weddingbee

Weddingbee is an online platform primarily focusing on providing its users with practical advice, sharing helpful tips and tricks, and creating a supportive online community for everyone currently planning a wedding or those who have already been through the entire process.

Weddingbee has a section where users can purchase or sell wedding dresses. If you have a wedding gown lying around and you’re not sure what to do with it, put it up on the Weddingbee site and allow someone to wear your wedding dress on their big day.

Websitewww.weddingbee.com
CostWeddingbee is entirely free to use.
Payout optionsSellers can choose the payout option, including PayPal, Instant Transfer, or direct deposits.
Delivery optionsSellers and buyers agree on the shipping method.

9. Nearly Newlywed

Sometimes selling a used wedding dress is a hassle. You must create a listing, respond to questions regularly, adjust the price if necessary, and resolve the shipping issue. If you don’t have plenty of free time on your hands right now, Nearly Newlywed might have the solution for your needs.

Although this platform has a higher commission rate, the team at Nearly Newlywed will take care of everything and ensure your wedding dress finds a new owner. You only need to provide the team with details and photos of your wedding dress, and they will take care of the rest.

Websitewww.nearlynewlywed.com
CostA 40% commission fee and a $25 listing fee
Payout optionsSellers can withdraw funds via PayPal or check.
Delivery optionsSellers receive a prepaid shipping label with insurance.

10. Sell My Wedding Dress

If you’re looking to sell your old wedding dress and nothing more, the aptly named Sell My Wedding Dress should do the trick. This site offers a vast selection of used wedding dresses for its users to purchase, and those who want to sell can do so by publishing a listing.

Every listing should include essential details about the wedding dress, such as the size, color, and style of the dress. Every seller determines the price for their clothing item and chooses the shipping method.

Websitewww.sellmyweddingdress.org
CostSell My Wedding Dress doesn’t take sales commissions, but listing your wedding dress costs $19.99 for a basic listing or $29.99 for a premium listing.
Payout optionsSellers can choose the payout option, including PayPal, Instant Transfer, or direct deposits.
Delivery optionsShipping arrangements are up to the sellers.

11. PreOwned Wedding Dresses

As the #1 site for buying and selling used wedding dresses on Google search, PreOwned Wedding Dresses has one of the most extensive communities of brides and selections of wedding dresses. With more than 40,000 wedding sales and an average of 2,000 views per listing, PreOwned Wedding Dresses is a safe bet if you want to sell your wedding dress fast.

Besides wedding gowns, you can sell bridesmaid dresses, flower girl dresses, mother’s dresses, and other wedding accessories on the site.

Websitewww.reownedweddingdresses.com
CostPreOwned Wedding Dresses doesn’t take sales commissions, but listing your wedding dress costs $25.
Payout optionsSellers can choose the payout option, including PayPal, Instant Transfer, or direct deposits.
Delivery optionsSellers ship wedding dresses to buyers. Buyers pay for the shipping.

12. Craigslist

In addition to online marketplaces specializing exclusively in selling used clothes and wedding dresses, you could also publish a listing on more general sites like Craigslist.

Although coming across someone who’s specifically looking for a used wedding gown is less likely, Craigslist is an excellent alternative if you don’t want to ship your wedding dress across the state or the country.

Since Craigslist is locally based, you can find someone who lives in your city or area and can pick up the dress in person.

Websitewww.craigslist.org
CostCraigslist doesn’t take sales commissions.
Payout optionsSellers can receive cash payments or personal checks.
Delivery optionsMailbox or in-person delivery

13. Facebook Marketplace

Another fantastic option for a general online marketplace that gives you access to plenty of people in your area is Facebook Marketplace. This online platform has many users, so you can quickly find someone interested in purchasing your wedding dress.

If you decide to go with Facebook Marketplace, you can also check out various Facebook sell and buy groups. You might find many potential buyers there.

Websitewww.facebook.com/marketplace
CostFacebook Marketplace doesn’t take sales commissions.
Payout optionsSellers can receive PayPal, direct deposit, cash, or personal check payments.
Delivery optionsMailbox or in-person delivery

14. eBay

The last online marketplace on our list is eBay. Although eBay is a general marketplace where you can find just about anything, some people sell their used wedding dresses there.

Selling on eBay can be a hit or miss since the success of your sale primarily depends on specific searches. However, if you have a wedding dress that’s frequently sought-after, you can get a pretty nice deal. In addition, eBay provides its sellers with seller protection, shipping labels, and 24/7 customer support.

Websitewww.ebay.com
CostAn approximate 10% commission fee on wedding dresses
Payout optionsSellers can receive PayPal, direct deposit, cash, or personal check payments.
Delivery optionsMailbox or in-person delivery

15. Local Consignment Shops

Online marketplaces aren’t the only way to sell a used wedding dress. Many local consignment shops and secondhand stores will gladly add your wedding dress to their assortment.

While this method requires a bit of research to determine which local consignment you’ll choose, everything becomes easier once you do. All you have to do is drop off your wedding dress and leave the store with cash in your pocket.

CostThe cost depends on your local consignment shop.
Payout optionsSellers can receive cash payments or personal checks.
Delivery optionsIn-person delivery

Where Can You Sell Your Wedding Dress Locally?

If you don’t want to worry about high shipping costs or the package getting lost in transit, the best thing to do is to sell your wedding dress locally. You can choose from the local online marketplaces that allow you to meet with your buyers in person, including Craigslist and Facebook Marketplace.

Nevertheless, a wedding dress consignment shop is the best option considering these stores specialize in selling wedding-related items. These wedding-specific stores allow direct access to your target audience of soon-to-be brides.

☝ Keep in mind that some of the local consignment shops charge a commission rate between 40% and 60% for helping you sell your used wedding dress.

Where Can You Donate Your Dress?

If you didn’t manage to sell your wedding dress or want to help someone in need, you can always donate your used wedding gown. Some bridal shops organize dress donations, so look out for those in your area. Many thrift stores also accept wedding dresses, but you might also want to check out some organizations and charities.

Brides For A Cause is an organization that sells donated dresses and raises funds for women-focused charities. They will clean and sanitize the wedding gown for you and even provide you with details for tax deductions.

Brides Do Good is another organization that sells unique and designer wedding gowns and vintage and rare pieces. Around 30% of proceeds from every sale go to various women-focused charities. Not only will you give your wedding dress to someone who needs it more, but you will also support a good cause.

Tips for Selling

There are a few factors you need to consider before you sell your wedding dress. Here are some helpful tips for selling a used wedding dress:

  • Make sure your wedding dress is in good condition. If there are rips, stains, or any other damage to the dress, include photos and mention that in the description.
  • Include all the relevant information about the dress. Size, the exact color, style, alterations, petticoats, and any other information will help the buyer decide whether your wedding dress is right for them. The more accurate you are when writing the description, the more likely you will sell the gown quickly.
  • Photos will sell your dress, so include as many full-length pictures of the wedding gown from different angles. Don’t forget the close-ups that show the details of the wedding dress, such as lace design or beadwork. Ideally, include pictures of the dress on a hanger and you wearing it. That way, potential buyers will have a clearer idea of how the dress fits.
  • Clean your wedding gown before you take pictures of it. That is especially crucial if it has been sitting in your closet for a while now. A fresh clean will brighten up the dress and transform it for the photos. In fact, you could sell your wedding dress twice as fast if you get it professionally cleaned.

With these handy tips in mind, you’ll have an accurate and informational listing that will sell your used wedding dress in no time.

How to Price Your Used Wedding Dress

Most sellers wonder how they should price their used wedding gowns. If your gown is relatively new, which means it was designed within the last two years, you can sell it for about 50% of the original price tag. That’s mainly because these are popular styles sought-after by many brides, so they will be willing to pay more for a wedding gown design that’s currently trending.

Some designer wedding dresses like Oscar de la Renta and Vera Wang or popular indie tags like Grace Loves Lace could sell for 60% of the original price.

Vintage, unique, rare, and discontinued pieces could also go above 50%, depending on the designer’s name and the condition of the dress.

You can always conduct extensive research and browse other used wedding dress listings with similar descriptions. That will enable you to get an idea of how much other users are selling their wedding gowns for, and you’ll be able to price your gown accordingly.

Some wedding dress online marketplaces and consignment shops offer a free valuation, so you can get professional help when pricing your used wedding dress.

Final Thoughts

A wedding dress takes up a lot of space in the closet, and you’ll most likely never wear it again. If you’re not particularly attached to this clothing piece, you might want to consider selling it.

Besides earning back some of the cost and freeing up the much-needed space, you’ll allow one bride-to-be to enjoy your wedding dress as much as you did. Consider the marketplaces mentioned above and sell your wedding dress in no time!

The post 15 Best Places to Sell a Used Wedding Dress Quickly appeared first on FinMasters.

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35+ Best Finance Podcasts to Listen to in 2024 https://finmasters.com/best-finance-podcasts/ https://finmasters.com/best-finance-podcasts/#respond Fri, 24 Feb 2023 17:00:27 +0000 https://finmasters.com/?p=146804 Looking for a podcast about finance? Here are 35+ picks to help build your financial knowledge and keep you informed.

The post 35+ Best Finance Podcasts to Listen to in 2024 appeared first on FinMasters.

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Who says learning about finance has to be boring?

Long gone are the days when studying meant spending hours in front of a textbook. Today we have a multitude of online and offline resources that allow us to learn everything we want to know about almost anything.

Podcasts are an excellent example of that. You can listen to them at home, in a car, when walking, and even while waiting in a queue. That’s why they quickly became widely popular, and now you can find podcasts on all kinds of topics, including finance.

Here are our 35+ best picks for 2024.

35+ Best Finance Podcasts Right Now

Finding a high-quality podcast isn’t easy, especially now when there are so many on the market. We took the time to research different finance podcasts and single out only the best ones for you.


Freakonomics Radio podcast icon

1. Freakonomics Radio

Freakonomics Radio is a weekly podcast that takes a deep dive into the hidden side of everything, using economics as a framework for understanding and analyzing human behavior.

The show is hosted by Stephen J. Dubner, co-author of the Freakonomics books, and features many guests, including economists, psychologists, and social scientists. The show covers a wide range of topics, including economics, psychology, and social science, and aims to make complex subjects accessible and engaging to a general audience.

🎧 Listen on: Apple Podcasts, Google Podcasts, Spotify.


Planet Money podcast icon

2. Planet Money

Planet Money is a podcast by NPR that aims to make economics engaging and accessible to a general audience. The show covers many topics, including the global economy, personal finance, and business, and uses storytelling and humor to make complex issues easy to understand.

Each episode focuses on a specific theme or issue and features interviews with experts, policymakers, and everyday people to provide a well-rounded perspective on the topic at hand.

🎧 Listen on: Apple Podcasts, Google Podcasts, Amazon Music.


The Tim Ferriss Show podcast icon

3. The Tim Ferriss Show

The Tim Ferriss Show is a podcast in which host Tim Ferriss interviews successful people from a wide range of fields, including finance, business, and investing. The show aims to provide listeners with insights and strategies for achieving success by exploring successful individuals’ habits, routines, and mental frameworks.

Each episode features an in-depth conversation with a guest and covers topics such as productivity, time management, and personal development, all crucial elements of finance.

🎧 Listen on: Apple Podcasts, Spotify.


Smart Passive Income podcast icon

4. Smart Passive Income

Smart Passive Income is a podcast that focuses on helping entrepreneurs and small business owners grow their businesses using online marketing strategies. The show is hosted by Pat Flynn, an online entrepreneur and marketing expert, and covers social media marketing, content marketing, and email marketing.

The episodes feature interviews with successful online business owners and industry experts and provide practical tips and strategies for growing an online business.

🎧 Listen on: Apple Podcasts, Spotify.


The Stacking Benjamins Show podcast icon

5. The Stacking Benjamins Show

The Stacking Benjamins Show podcast focuses on personal finance and money management topics. Hosted by Joe Saul-Sehy, this podcast covers various issues related to saving, investing, and budgeting. The show also features interviews with experts in the field and often has a light-hearted and humorous approach to the topics.

The Stacking Benjamins Show covers everything from basics such as budgeting and saving, to more advanced topics, such as retirement planning, investing, and debt management. New episodes publish every Monday, Wednesday, and Friday, so this podcast is an excellent pick if you’re looking for one with frequent uploads.

🎧 Listen on: Apple Podcasts, Google Podcasts, Spotify, YouTube.


The Tony Robbins Podcast - podcast icon

6. The Tony Robbins Podcast

The Tony Robbins Podcast is hosted by Tony Robbins, an entrepreneur, bestselling author, and life coach, who shares his knowledge, insights, and teachings on success, relationships, and life. He interviews some of the world’s top thought leaders, businesspeople, and influencers and provides listeners with inspiring stories and actionable advice.

The podcast has been running since 2018 and is one of the most popular and highest-rated podcasts on Apple Podcasts. It is an excellent resource for anyone looking for motivation, inspiration, and advice on becoming successful.

🎧 Listen on: Apple Podcasts, YouTube.


The EntreLeadership Podcast - podcast icon

7. The EntreLeadership Podcast

The EntreLeadership Podcast, hosted by George Kamel, is an educational podcast that aims to help entrepreneurs and business leaders grow their businesses and reach their goals. It covers leadership, team building, marketing, finance, and many other topics. Each episode features an interview with a successful business leader or expert in the field.

The podcast also includes success stories from successful entrepreneurs who have implemented the strategies discussed. The EntreLeadership Podcast is a must-listen for any entrepreneur or business leader looking to take their business to the next level.

🎧 Listen on: Apple Podcasts, Google Podcasts, Spotify, YouTube.


The Ramsey Show podcast icon

8. The Ramsey Show

The Ramsey Show is a podcast by Dave Ramsey, a financial guru and bestselling author. The show focuses on helping individuals and families learn how to manage their money and make financial decisions that will lead them to financial freedom.

The show features interviews with experts, practical advice, and inspiring stories from those who have achieved financial success. The podcast covers budgeting, saving, investing, debt reduction, and other topics.

🎧 Listen on: Google Podcasts, Spotify, YouTube.


ChooseFi podcast icon

9. ChooseFI

ChooseFI is a podcast created by Brad Barrett and Jonathan Mendonsa that focuses on personal finance and financial independence. The two hosts discuss budgeting, investing, and saving money and provide their personal experiences and interviews with experts in the field.

The podcast caters to those looking to make positive changes in their financial lives. It’s also perfect for those already on the path to financial independence. Brad and Jonathan provide actionable advice anyone can apply to any financial situation.

🎧 Listen on: Apple Podcasts, Google Podcasts, Spotify.


The Art of Charm podcast icon

10. The Art of Charm

By listening to The Art of Charm podcast, self-motivated individuals gain insight from the company’s experienced coaches, Johnny and AJ. With 11 years of experience hosting clients from all over the planet at their boot camps in Los Angeles, the duo share their stories, best practices, and knowledge on their weekly podcast.

The Art of Charm equips people with the tools to become more successful in their personal and professional lives, from becoming higher performers to better partners and coworkers.

🎧 Listen on: Apple Podcasts, Google Podcasts, Spotify.


BiggerPockets Money Podcast - podcast icon

11. BiggerPockets Money Podcast

The BiggerPockets Money Podcast is a popular podcast focusing on personal finance and investing topics. Hosted by Scott Trench and Mindy Jensen, the podcast offers numerous helpful tips and advice for anyone interested in improving their financial situation.

BiggerPockets Money Podcast is an excellent resource for anyone looking to learn more about investing, budgeting, and other money topics. If you’re looking for a easily accessible way to learn more about managing your money, the BiggerPockets Money Podcast is worth checking out.

🎧 Listen on: Spotify.


Money for the Rest of Us - podcast icon

12. Money for the Rest of Us

Money for the Rest of Us is another fantastic podcast that provides practical and actionable advice on personal finance. Hosted by J. David Stein, it covers topics such as investing, retirement, taxes, and more.

J. David Stein brings a different guest every time who shares their personal experience with money and provides insight into how to manage it best. The guests are often industry professionals who offer valuable advice and information.

🎧 Listen on: Apple Podcasts, Spotify.


Brown Ambition podcast icon

13. Brown Ambition

Brown Ambition is currently the leading business and finance podcast for women by women. As a weekly podcast by two successful women of color, Brown Ambition aims to help women achieve their financial goals.

The hosts are Mandi Woodruff, a journalist, personal finance expert and MandiMoney Makers founder, and Tiffany Aliche, an awarded financial educator and New York Times bestseller author. They team up to help their listeners make savvy career decisions, invest wisely, and learn to save money, all on their own terms.

🎧 Listen on: Apple Podcasts, Spotify, YouTube.


The InvestED podcast icon

14. The InvestED Podcast

InvestED, hosted by hedge fund manager and New York Times best-selling author Phil Town and his daughter Danielle, is the perfect stock market education for beginners. On the podcast, the duo discusses 80-year-old investing strategies utilized by gurus like Warren Buffett and provides real-life examples and tips weekly to all their listeners.

Considering Phil Town wrote Invested, Rule #1, and Payback Time, all of which are New York Times best-selling investment books, The InvestED Podcast is undoubtedly an excellent podcast choice if you’re looking for investment education.

🎧 Listen on: Apple Podcasts, Spotify


It's Not About the Money - podcast icon

15. It’s Not About the Money

This podcast is ideal for all female entrepreneurs ready to make more money, invest it, and unlock new levels of wealth. The show is hosted by Catherine Morgan, an author, speaker, and financial coach.

It’s Not About the Money helps ambitious women create wealth, grow their businesses, and build healthier relationships with money. As a result, listeners become more confident with their finances and move away from a scarcity money mindset.

🎧 Listen on: Apple Podcasts, Spotify.


So Money with Farnoosh Torabi podcast icon

16. So Money with Farnoosh Torabi

So Money with Farnoosh Torabi is an incredible resource for anyone interested in personal finance and financial independence. Farnoosh interviews leading experts in the field on the show and shares her journey to financial success.

By listening to this podcast, followers can get helpful advice on starting, growing, and protecting their wealth. The show is entertaining, informative, and inspiring and can help anyone on their journey to financial freedom.

🎧 Listen on: Apple Podcasts, Stitcher.


The School of Greatness podcast icon

17. The School of Greatness

The School of Greatness podcast is an inspiring podcast by Lewis Howes, an author, speaker, and entrepreneur. The podcast is devoted to helping people find their unique greatness and encourages guests to share their stories of success and failures.

The podcast features impressive guests from all walks of life and covers topics such as achieving goals, finding purpose, developing meaningful relationships, and becoming financially successful. It is a must-listen for anyone looking for the best finance content for inspiration and guidance.

🎧 Listen on: Google Podcasts, Spotify.


How to Money podcast icon

18. How to Money

Joel and Matt, best friends and co-hosts of How to Money, are on a mission to provide people with unbiased, jargon-free personal finance guidance. Through their show, they provide the knowledge and tools necessary to succeed in debt payoff, DIY investing, and other complex financial areas.

They talk about everything related to money and finance in a way everyone can understand and benefit from once they apply the tips. They teach you that you can start living a rich life by handling your money purposefully and thoughtfully in a way that works for your lifestyle.

🎧 Listen on: Apple Podcasts, Google Podcasts, Spotify.


Frugal Friends podcast icon

19. Frugal Friends

Finance isn’t all about stock markets and investing. Sometimes, taking control of your finances means learning when and how to spend your money. That’s what Frugal Friends talks about weekly.

On Frugal Friends, Jen Smith and Jill Sirianni help their followers gain control of their finances through frugality and a few laughs. The duo discusses various topics like saving money, reducing spending, minimalism, paying off debt, and achieving financial independence.

If you want to get a grip on your spending habits without worrying too much about investing, this podcast is for you!

🎧 Listen on: Apple Podcasts, Spotify, YouTube.


Money Girl podcast icon

20. Money Girl

The Money Girl Podcast is an award-winning show that has been helping people manage their finances since 2008. Hosted by financial expert Laura Adams, this podcast shares information on personal finance topics such as budgeting, saving money, investing, and retirement planning.

The Money Girl also provides free resources and tools to help listeners take control of their financial situations.

🎧 Listen on: Apple Podcasts, Stitcher.


The Money Nerds podcast icon

21. The Money Nerds Podcast

The Money Nerds Podcast provides its listeners with weekly stories and tips to help them pay off debt and reach financial independence more easily. The podcast’s host is Whitney Hansen, who interviews everyday people with unique and exciting money stories.

This show is excellent for people just starting their journey to financial freedom and those already on their way. Whatever the case for you is, you’ll find practical advice and inspiring stories to motivate you toward success.

🎧 Listen on: Apple Podcast, Stitcher.


The His & Her Money Show podcast icon

22. The His & Her Money Show

The His & Her Money Show is a finance podcast focusing on discovering the harmony between managing your finances, marriage, and other life aspects. The podcast’s hosts ensure everyone striving for financial independence receives a helpful guide leading their way.

The primary mission of The His & Her Money Show is to help people get out of debt and build wealth. As such, it discusses essential topics, including getting out of debt, budgeting, investing, saving money, improving credit, and other finance-related issues.

Besides that, the podcast is perfect for learning more about creating strong family foundations with good organization and time management.

🎧 Listen on: Apple Podcasts, YouTube.


Money Matters with Ken Moraif podcast icon

23. Money Matters with Ken Moraif Radio Show

Money Matters with Ken Moraif is a weekly podcast by a certified financial planner. In each episode, Ken interviews guests from the financial world and provides advice on developing and maintaining a healthy economic lifestyle.

The podcast covers topics ranging from retirement planning to investment strategies, and provides insight into managing your money best. Additionally, Ken shares his experiences and offers relevant and practical advice to help listeners achieve financial security.

🎧 Listen on: Apple Podcasts.


Afford Anything podcast icon

24. Afford Anything

The philosophy behind the Afford Anything podcast is that we can afford anything but not everything. As such, the podcast mainly focuses on making wise decisions regarding money, time, energy, focus, and attention.

Instead of simply talking about money and investing, Paula Pant, the podcast’s host, pays a lot of attention to exploring the psychology of money and thinking correctly when budgeting and spending.

Paula Pant talks with many world-class experts on the podcast to answer the listeners’ questions and discuss ways to make smarter choices and live more meaningful lives.

🎧 Listen on: Apple Podcasts.


The Art of Money Saving podcast icon

25. The Art of Money Saving

Every Wednesday, The Art of Money Saving podcast publishes a new episode about a story from inspirational people around the globe. The show’s host is Joshua from London, the UK, who is an opera singer.

On The Art of Money Saving podcast, Joshua discusses various financial topics, including investing, personal finance, student loans, the FIRE (Financial Independence, Retire Early) movement, and more.

Additionally, Joshua regularly has guests on the podcast, so listeners get a unique opportunity to hear interviews with knowledgeable people in the world of finance.

🎧 Listen on: Apple Podcasts, Spotify.


The Investing for Beginners Podcast - podcast icon

26. The Investing for Beginners Podcast

There’s no doubt the stock market is overly complicated. Many people want to reap the rewards but don’t know how. That’s where The Investing for Beginners Podcast comes in handy. The podcast is oriented toward value investing, growth investing, dividend growth investing, and trend following.

By drawing lessons from these successful stock market strategies, followers of this podcast can learn a lot about investing and capitalizing on the market.

🎧 Listen on: Apple Podcasts, Spotify.


The Money Maze Podcast - podcast icon

27. The Money Maze Podcast

Getting a better understanding of the financial world is easy with the right resources by your side. The Money Maze Podcast is one such resource, helping individuals grasp the complexities of investing. The show’s hosts are two experienced industry veterans who explore different aspects of the financial world and provide helpful insights along the way.

Everyone can benefit from the discussions with masters of The Money Maze Podcast, from current and aspiring professionals to everyday investors and students.

🎧 Listen on: Apple Podcasts, Spotify.


The College Investor Audio Show - podcast icon

28. The College Investor Audio Show

There aren’t many daily podcasts, so The College Investor Audio Show truly comes as a refreshment. This podcast is a fantastic resource for college students and recent graduates looking to make the most of their money.

The podcast by Robert Farrington provides helpful tips and advice on getting out of student debt and using the available funds for investing, budgeting, and saving money. It also features interviews with finance industry experts so that listeners can learn from experienced professionals.

🎧 Listen on: Apple Podcasts, Google Podcasts, Spotify.


Money In Motion with Klaas Financial podcast icon

29. Money in Motion with Klaas Financial

Klaas Financial is a financial services firm that specializes in helping people get the most out of their money by providing them with the best retirement plans. With Money in Motion, clients can access financial planning and investment advice, tax services, and debt management.

As a result, listeners of this podcast can make intelligent and informed decisions regarding portfolio management and retirement planning. In addition, Money in Motion listeners can access comprehensive financial and asset management services to get the most out of their money.

🎧 Listen on: Apple Podcasts, Deezer.


Millennial Investing - The Investor's Podcast Network - podcast icon

30. Millennial Investing – The Investor’s Podcast Network

The Millennial Investing podcast from The Investor’s Podcast Network is an essential resource for anyone looking to learn more about investing. Hosted by Robert Leonard and Rebecca Hotsko, the podcast dives deep into investing strategies, tips on picking stocks, and the importance of taking a long-term view of your investments.

With a wide range of guests, the Millennial Investing podcast offers a unique perspective on the investing world. It gives listeners the knowledge and confidence to make the best decisions for their financial future.

🎧 Listen on: Apple Podcasts, Spotify.


The Compound and Friends podcast icon

31. The Compound and Friends

The Compound and Friends podcast is an entertaining and informative show about technology and digital innovation. Hosts Downtown Josh Brown and Michael Batnick bring together thoughtful conversations and interviews with inspiring guests from the business and finance industry to talk about different topics related to investing and making your money work for you.

They publish a new episode of The Compound and Friends podcast every Friday. Therefore, you can stay up to date with the latest news in the world of finance by following this podcast regularly.

🎧 Listen on: Apple Podcasts, YouTube, Stitcher.


The Rational Reminder Podcast - podcast icon

32. The Rational Reminder Podcast

Benjamin Felix and Cameron Passmore are Portfolio Managers at PWL Capital. However, they’re also the hosts of The Rational Reminder Podcast.

Similarly to other podcasts on this list, The Rational Reminder Podcast deals with financial decision-making and sensible investing for anyone who wants to take control of their finances and start making better financial decisions. If you’re one of those people, The Rational Reminder Podcast might be the perfect fit.

🎧 Listen on: Apple Podcasts, Spotify, YouTube.


The Retirement Answer Man - podcast icon

33. The Retirement Answer Man

Roger Whitney hosts a top retirement podcast called The Retirement Answer Man. On this podcast, Roger Whitney dives deep into retirement’s financial and personal aspects to help his listeners retire confidently.

Roger’s podcast covers topics like creating a paycheck and managing taxes and healthcare and has been recognized twice as PLUTUS winner for best retirement podcast/blog and the best financial planner blog.

In addition to retirement plans, The Retirement Answer Man talks about retirement travel, finding a balance between living well and feeling secure about retirement, and other non-financial topics.

🎧 Listen on: Apple Podcasts, Google Podcasts, Spotify.


Maven Money Personal Finance Podcast - podcast icon

34. Maven Money Personal Finance Podcast

Andy Hart, the host of the Maven Money Personal Finance Podcast, leads one of the UK’s best personal finance shows. However, it isn’t your ordinary finance podcast about investing. Namely, Andy Hart talks about creative and unconventional strategies you probably haven’t heard about before regarding wealth creation and financial planning.

Not only can listeners learn how to take complete control of their money and simplify complex topics into actionable steps, but they can also learn that through exciting and engaging podcast episodes.

🎧 Listen on: Apple Podcasts, Spotify.


We Study Billionaires podcast icon

35. We Study Billionaires

We Study Billionaires is one of the world’s leading stock investing podcasts. The Investor’s Podcast Network publishes it, while Stig Brodersen, Trey Lockerbie, and Clay Finck host it.

The hosts cover various topics that offer insight into the investment strategies of renowned financial billionaires, such as Warren Buffett, Ray Dalio, and Howard Marks. They help listeners apply the tips to their stock market endeavors and reach financial success.

This podcast also includes the Richer Wiser Happier series by William Green and the Bitcoin Fundamentals series by Preston Pysh.

🎧 Listen on: Apple Podcasts, Spotify.


Financial Independence Podcast - podcast icon

36. Financial Independence Podcast

Another outstanding choice for a finance podcast is the Financial Independence Podcast. The show is hosted by the Mad Fientist, who interviews some of the most influential figures in personal finance. Some of his notable guests were Mr. Money Mustache, JL Collins, and Ramit Sethi.

With this podcast, the Mad Fientist aims to uncover the secrets of financial independence and early retirement, delving into various topics regarding investing, tax avoidance, entrepreneurship, travel hacking, and real estate.

Financial Independence Podcast is an excellent pick if you want to learn the strategies these experts used to achieve financial freedom and retire before their peers.

🎧 Listen on: Apple Podcasts, Spotify.


The Investor Mindset - podcast icon

37. The Investor Mindset

Are you looking for a podcast that aims to help busy professionals, real estate entrepreneurs, and passive investors make the most of what they have? You don’t have to look further because The Investor Mindset will teach you everything about creating financial and time freedom.

The podcast’s host is Steven Pesavento, an active real estate investor and the founder of VonFinch Capital, a real estate private equity firm. The Investor Mindset features interviews and solo shows, so there’s no way learning about finance will be boring to you from now on.

🎧 Listen on: Apple Podcasts, Spotify, Deezer.


Financial Freedom with Grant Sabatier - podcast icon

38. Financial Freedom with Grant Sabatier

Financial Freedom with Grant Sabatier is a podcast that explores the concept of financial freedom and provides listeners with practical strategies for achieving it. The show is hosted by Grant Sabatier, the founder of the personal finance blog Millennial Money, and covers topics such as saving and investing, budgeting, and entrepreneurship.

Each episode features interviews with financial experts and successful individuals who have achieved financial freedom. It provides actionable advice for listeners looking to take control of their finances and build long-term wealth.

🎧 Listen on: Apple Podcasts, Spotify.


Final Thoughts

The internet is filled with high-quality, engaging, and creative podcasts dealing with finance. That makes choosing one or several to follow overwhelming.

Do you need help determining which podcasts are worth listening to or choosing a podcast with the right topic? This list of 35+ best finance podcasts to listen to in 2024 will equip you with everything you need to know to find the perfect podcast for your needs.

The post 35+ Best Finance Podcasts to Listen to in 2024 appeared first on FinMasters.

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20+ Best Places to Sell Used Furniture in 2024 https://finmasters.com/best-places-to-sell-used-furniture/ https://finmasters.com/best-places-to-sell-used-furniture/#comments Mon, 30 Jan 2023 17:00:49 +0000 https://finmasters.com/?p=109697 Wondering where you can sell your used furniture? Here are the 20 best places to sell used furniture online and locally.

The post 20+ Best Places to Sell Used Furniture in 2024 appeared first on FinMasters.

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Are you looking to declutter and wondering where to sell used furniture? Whether it’s an online platform or a physical store, there are numerous marketplaces available today for selling your unwanted pieces.

PlacesCostPayout OptionsBest For
1.1stDibsup to 15% of each salePayPal, bank account, or wire transferSelling luxury and high-end furniture
2.Amazonup to 15% of each salelinked bank accountSelling affordable furniture
3.Bonanza3.5% for items up to $500, 3.5% + 1.5% of the amount for items above $500PayPal, bank account, or wire transferSelling unique furniture
4.Bookoono feesPayPal, bank account, or wire transferSelling used furniture to your neighbors
5.Chairisha 22% fee on vintage and used productsPayPal or direct depositSelling high-end vintage furniture
6.Craigslistan approximate 15% feecash or personal checkSelling affordable used furniture
7.eBay15% on the total amount of the salechecking account or Visa or Mastercard debit cardSelling affordable used furniture
8.Etsya transaction fee of 6.5%Etsy PaymentsSelling handmade, custom, and vintage furniture
9.Facebook Marketplacea transaction fee of 6.5%PayPal, bank account, or wire transferSelling handmade, custom, and vintage furniture
10.OfferUpno feeschecks, gift cards, wire transfers, Venmo, and PayPalSelling used furniture locally
11.Remoov50% of the resale valuecheck or PayPalFurniture that can be sold, donated, or recycled
12.Ruby Lanea 6.7% feePayPalAntique and vintage furniture
13.Shopifyup to a 2% fee, depending on the subscription planPayPal, bank account, or wire transferSelling custom and affordable furniture
14.Sotheby’s Homeup to 50% feePayPal, bank account, or wire transferSelling new and used high-end furniture
15.Recyclerup to 50% feePayPal, bank account, or wire transferSelling old furniture and household items

Where to Sell Used Furniture Online

There are numerous websites and platforms for selling used furniture, but some are simply better than others. The websites mentioned here have a large selection of furniture and make it easy for people to find new owners for their furniture pieces. They also have a good reputation for quality and customer service.

1. 1stDibs

1stDibs is an online marketplace for luxury home furnishings and accessories. Sellers can list their items for sale on the site, and buyers can browse and purchase items from around the world. 1stDibs takes a commission on each sale. Selling on 1stDibs can be a great way to earn extra money or sell high-end furniture and accessories you no longer need.

If you want to sell faster and earn more money, take good-quality photos of your items for sale. Include a detailed description of the item, including its dimensions, age, and any other information you think is essential. In addition, you should also price your items competitively. Check the 1stDibs website frequently to see what new items are being listed for sale.

That way, you’ll stay on top of all the latest market trends and price changes.

Websitewww.1stdibs.com
Best forSelling luxury and high-end furniture
Costup to 15% of each sale
Payout optionsPayPal, bank account, or wire transfer
Appfor iOS devices

2. Amazon

Amazon is an online store that sells various items, from books to electronics to furniture. It operates on a “click and ship” model, meaning that once you order an item, it’s shipped to you by the company.

To sell furniture on Amazon, you must first create a seller account and then list your items for sale. You can set your own prices and determine how long you want your items to be listed for sale. These features allow sellers to be in full control when selling their furniture, which is exactly why so many people choose Amazon as their go-to online marketplace.

When an item sells, Amazon takes a commission from the sale price. If you wish to earn a certain amount of money on a piece of furniture, set the price slightly higher.

Amazon also offers a Prime membership program, which gives customers free two-day shipping on all orders and several other valuable benefits.

Websitewww.amazon.com
Best forSelling affordable furniture
Costup to 15% of each sale
Payout optionsvia a linked bank account
Appboth for Android and iOS devices

3. Bonanza

Bonanza is an online marketplace where users can buy and sell items, including furniture. It’s a great place to offer unique items from your household, and the process of selling is simple. You can either create a listing for an item you’re selling or search for items that other users are selling.

If you’re selling an item, you’ll need to describe the furniture piece, photos, and a price. You can also choose to accept offers from buyers. When your listing is complete, it will be posted on Bonanza’s website and will be available for buyers to view.

What makes shopping at Bonanza great is the ability to look for certain styles or color choices. That way, users can easily find what they’re looking for. Naturally, more buyers are attracted to an easy-to-use marketplace, so you’ll have a better chance of selling your product here.

Websitewww.bonanza.com
Best forselling unique furniture
Cost3.5% for items up to $500, 3.5% + 1.5% of the amount for items above $500
Payout optionsvia PayPal, bank account, or wire transfer
Appfor Android devices

4. Bookoo

Bookoo is a free online classifieds site where users can buy, sell, and trade anything from cars to clothes to furniture. It’s a great place to find bargains on used items and a great way to get rid of stuff you no longer need.

To sell something on Bookoo, just create a free account and post a listing. You can include photos and a description of the item. You can also set a price or let buyers make offers. When someone buys your item, Bookoo will handle the payment and delivery.

Selling furniture on Bookoo is extremely easy since the platform takes care of every sale’s financial and logistical elements. For sellers, this kind of process provides ease of use and peace of mind, which is often irreplaceable. Whether you’re looking to get rid of your old furniture or you’re interested in setting up a permanent online shop for used furniture, Bookoo can be a perfect choice.

Websitewww.bookoo.com
Best forSelling used furniture to your neighbors
Costno fees
Payout optionsvia PayPal, bank account, or wire transfer
Appboth for Android and iOS devices

5. Chairish

Chairish is an online store that specializes in selling high-end vintage furniture and home decor. It’s a great place where people can find unique pieces for their homes, and the selling process is simple. You can either list your items for sale yourself or use the Chairish team to do it for you.

Chairish offers four consignment plans: Consignor, Professional, Plus, and Elite. The Elite tier is available by invitation only. Each plan has different commission rates and features. All plans offer free listing

Commission Rate (vintage, antique, or pre-owned)Commission Rate (newly made or made to order)
Consignor45%45%
Professional22%30%
PlusTiered Rate*30%
EliteTiered Rate*30%

*The tiered commission structure is based on price:

  • Tier 1: 20% Commission on amounts less than or equal to $2,500
  • Tier 2: 12% Commission on amounts from $2,501 – $25,000
  • Tier 3: 3% Commission on amounts greater than $25,000

To sell faster and earn more money take good photos of your items, write a clear description, and price your items competitively.

Chairish offers a curated selection of high-quality furniture and home decor at reasonable prices, which is exactly why so many buyers and sellers visit this online marketplace.

Websitewww.chairish.com
Best forSelling high-end vintage furniture
Cost4 Plans Available
Payout optionsvia PayPal or direct deposit
Appboth for Android and iOS devices

6. Craigslist

If you’re looking to sell your old stuff, Craigslist is the perfect place to do it. The store is easy to use: just post a description of what you’re selling and how much you want for it, and wait for buyers to get in touch.

There are a few things to remember if you want to sell your used furniture quickly and earn the most money possible. First, make sure your post is clear and concise, and include good-quality photos of what you’re selling. Second, be willing to negotiate – buyers will often offer less than you’re asking for, so it’s important to be flexible.

Finally, be prepared for people to haggle. Remember that they’re trying to get the best deal possible, just like you are. Overall, Craigslist is a great way to sell your furniture quickly and easily and can be a great way to earn some extra cash.

Websitewww.craigslist.org 
Best forSelling affordable used furniture
Costan approximate 15% fee
Payout optionsvia cash or personal check
Appboth for Android and iOS devices

7. eBay

eBay is one of the most popular online stores for buying and selling all kinds of items, including furniture and other home decor items. It is a great place to find unique pieces of furniture at a fraction of the price you would find in a traditional store.

When selling furniture on eBay, take high-quality photos of the item from all angles and list a detailed description. You may also want to consider using a third-party shipping service to ensure the safety of your furniture during transit. Finally, be sure to price your item competitively and adjust your price if it doesn’t sell after a few weeks.

Considering eBay is still one of the more popular online marketplaces out there, you simply can’t go wrong with it. Many people browse eBay offers regularly, so there’s a high chance you’ll sell your used furniture at a reasonable price.

Websitewww.ebay.com
Best forSelling affordable used furniture
Cost15% on the total amount of the sale
Payout optionsvia checking account or Visa or Mastercard debit card
Appboth for Android and iOS devices

8. Etsy

Etsy is an online marketplace where people can buy and sell handmade or vintage items. Sellers must create a shop on Etsy and list their items for sale. Buyers can search for items by keyword, category, or seller.

To sell faster and earn more money on Etsy, you should always list your items in the correct category, use accurate and keyword-rich titles and descriptions, take quality photos of your items, and ship orders quickly after packing them well.

As a seller, you can expect to receive orders from all over the world. You will also need to be prepared to handle customer inquiries and complaints. Etsy provides sellers with a helpful Seller Handbook that covers everything from creating listings to shipping orders.

Websitewww.etsy.com
Best forSelling handmade, custom, and vintage furniture
Costa transaction fee of 6.5%
Payout optionsvia Etsy Payments
Appboth for Android and iOS devices

9. Facebook Marketplace

Facebook Marketplace is a store on Facebook that allows users to buy and sell items. It works much like eBay, where users post items for sale, and interested buyers can contact the seller to make an offer. The main difference is that Facebook Marketplace is free to use, while eBay charges a listing fee and takes a commission on sales.

Post accurate and complete descriptions of the items you’re selling. Include photos, too, as they can help boost interest in your listing. Also, be prepared to negotiate with buyers. You’re not dealing with a store, so prices are often flexible. Finally, be patient. It may take a while for your item to sell, but it will eventually find the right buyer.

As Facebook is one of the largest social media platforms, its marketplace is excellent for reaching a wider audience.

Websitewww.facebook.com
Best forSelling handmade, custom, and vintage furniture
Costa transaction fee of 6.5%
Payout optionsvia PayPal, bank account, or wire transfer
Appboth for Android and iOS devices

10. OfferUp

OfferUp is a mobile marketplace app where users can buy and sell items locally. It’s similar to eBay but without the bidding process. To sell an item, you take a picture of it, list the price, and write a brief description. You can also include the condition of the item and how much shipping will cost. When someone is interested in buying your item, they’ll contact you directly through the OfferUp app.

Selling on OfferUp is a great way to get rid of unwanted items and make some extra money. For the best results, be clear about the item’s condition, upload pictures of the furniture, including the shipping cost in the price, be responsive to buyers’ questions, and ship items quickly and securely.

Websitewww.offerup.com
Best forSelling used furniture locally
Costno fees
Payout optionsvia checks, gift cards, wire transfers, Venmo, and PayPal
Appboth for Android and iOS devices

11. Remoov

Remoov is a furniture resale store that allows customers to sell their furniture and home decor items. The store is open to the public and accepts donations of furniture and home decor items from the community.

The store works on a consignment basis, which means that sellers earn money based on the sale prices of their items. Tips for selling furniture faster and making more money include taking good pictures of your items, pricing your items fairly, and being organized when bringing in your items.

As for donations, you can donate items to local charities, which allows sellers to do good and offer their furniture pieces to someone who needs them more. Items that aren’t sold or donated are taken into a decommission center for recycling.

Websitewww.remoovit.com
Best forFurniture that can be sold, donated, or recycled
Cost50% of the resale value
Payout optionsvia check or PayPal
Appno app

12. Ruby Lane

Ruby Lane is an online store that specializes in selling antique and vintage furniture. The store is a great place to sell furniture because it is a curated marketplace, which means that all of the furniture on Ruby Lane has been carefully selected by the team at Ruby Lane.

This makes it easier for buyers to find what they are looking for, and it also makes it easier for sellers to sell their furniture quickly and earn more money.

In addition to being a curated marketplace, Ruby Lane is also a member-only store, which means that buyers must be approved before they can purchase anything from the store. That helps to ensure that only serious buyers are buying from Ruby Lane, and it also helps to protect the sellers from scammers.

Websitewww.rubylane.com
Best forantique and vintage furniture
Costa 6.7% fee
Payout optionsvia PayPal
Appno app

13. Shopify

Shopify is an online store builder that lets you create a custom eCommerce store without any technical knowledge. You can add products from a range of suppliers, set up shipping and payment options, and start selling immediately. Plus, Shopify is designed to help you make the most of your business.

As with any other online marketplace, uploading high-quality images of the furniture and including unique product descriptions that highlight the key features are some of the essential things you need to do when selling furniture online.

Besides that, you can also use Shopify’s built-in marketing tools to drive traffic to your store, boost sales, and take advantage of Shopify’s powerful eCommerce features, such as automatic tax calculations and order tracking, to run your business smoothly.

Websitewww.shopify.com
Best forSelling custom and affordable furniture
Costup to a 2% fee, depending on the subscription plan
Payout optionsvia PayPal, bank account, or wire transfer
Appboth for Android and iOS devices

14. Sotheby’s Home

Sotheby’s Home is a furniture store that sells both new and used furniture. It’s a high-end furniture store that offers a wide variety of furniture for every room in your home. They have a large selection of traditional and contemporary furniture to choose from. Sotheby’s Home also offers a wide variety of fabrics and finishes, so buyers can customize your furniture until it’s perfect for their homes.

Sotheby’s Home has a section where you can sell your own furniture. They have a few tips for selling your furniture faster and earning more money:

Websitewww.sothebys.com
Best forselling new and used high-end furniture
Costup to 50% fee
Payout optionsvia PayPal, bank account, or wire transfer
Appboth for Android and iOS devices

15. Recycler

Recycler is a store where you can sell your old furniture and other household items. The process is simple: you take a picture of the item you’re selling, write a brief description, and set a price. Recycler then sends you a shipping label, and you send the item to them. Once they receive it, they’ll inspect it and post it on the website.

If someone buys it, they’ll send you the money. Recycler also offers a consignment program, where you can earn up to 50% of the sale price. More and more people choose Recycler because they like the entire concept of the platform. Sellers don’t need to worry about the entire process because Recycler takes care of it all.

If you have some old furniture lying around but don’t have the time to set up an online shop and communicate with potential buyers daily, Recycler might be the perfect option for you.

Websitewww.recycler.com
Best forSelling old furniture and household items
Costup to 50% fee
Payout optionsvia PayPal, bank account, or wire transfer
Appboth for Android and iOS devices

Where to Sell Used Furniture in Person

If online marketplaces aren’t your cup of tea, then you might consider selling used furniture in person. Although the choices for offline marketplaces are significantly smaller since your location limits you, there are still more than enough in-person spots to choose from. From organizing your own yard sales to selling furniture to vintage shops, here are some of the most valuable offline marketplaces.

1. Yard and Garage Sales

If you’re looking to get rid of some old furniture, a yard or garage sale is a great way to do it. People are always looking for cheap furniture and are more likely to buy it if it’s in good condition. Just make sure you price everything fairly and be prepared to haggle.

Also, notify people about your upcoming yard and garage sales, so they can organize their responsibilities and make time to visit your sale. After all, that’s the only way to ensure you sell your used furniture pieces.

2. Local Flea Markets

Selling used furniture at your local flea market is another great option. Not only will you be able to get rid of furniture you no longer need, but you’ll also be able to make a profit from it.

Start by taking a look at other marketers’ used furniture offer, to see what furniture is being sold. Then, price your furniture accordingly. By following these tips, you’ll be able to sell your furniture quickly and easily at a local flea market.

3. Consignment Shops

Consignment shops are another outstanding choice. You can typically get more for your furniture by selling it to a consignment shop than by selling it to an individual. Besides that, you don’t have to worry about advertising or meeting with potential buyers. Just make sure your furniture is in decent condition, and you’ll be ready to go.

4. Vintage Furniture Stores

People love vintage furniture shops for several reasons. First, they can get unique pieces at a fraction of the new price. They can also find pieces that are no longer being made, which is hard to find elsewhere. The furniture is often in great condition, and shoppers can find unique accessories to go with it. All these work perfectly as a reason to go with a vintage furniture store.

5. Fairs and Trade shows

Lots of people visit fairs and trade shows. Since the number of visitors at these events is high, they’re an excellent opportunity to sell some of your used furniture pieces. Check out if your city or town has any upcoming events, and book your spot that’ll allow you to sell your products on the spot.

Tips on How to Get the Most Money for Your Furniture

Here are several useful tips if you’re still unsure how to get more money from selling used furniture.

1. Know What the Furniture’s Worth

Before you can start selling your furniture, you need to know how much it’s worth. It will help you set the right price and get the most money for your pieces.

There are a few ways to determine the value of your furniture. You can search online for similar pieces and get an idea of how much they’re selling for. You can also take your furniture to a consignment store or antique dealer to get an estimate.

2. Clean and Polish Your Furniture

If you want to get top dollar for your furniture, it needs to look its best. That means cleaning and polishing it until it shines.

If your furniture is dirty or stained, take the time to clean it up before putting it up for sale. Use a mild detergent and a soft cloth to clean the surface, then polish it with a soft cloth to give it a shine.

3. Take Good Pictures

To sell your furniture online, you’ll need to take good pictures of it. That will help potential buyers get a good idea of what the piece looks like and how it might fit into their home.

Your pictures need to be clear, and you should show all sides of the furniture. If there are any special features or details, capture them in the photos.

4. List Your Furniture Online

There are several websites where you can list your furniture for sale online. These sites allow you to post pictures and descriptions of your pieces and provide a platform for buyers and sellers to connect with each other.

Some of the most popular websites for selling furniture include Craigslist, eBay, and Etsy. Research each site before deciding which one is best for you.

Final Thoughts

If you want to sell some of your old furniture, you’re probably debating whether to do it online or offline. There are pros and cons to selling used furniture online and in person.

You can reach a larger audience online, but you may have to compete with other sellers. You can negotiate a better price in person, but you may not reach as many people. Ultimately, the best way to sell used furniture depends on your goals and what you have to offer.

Whatever you choose, these 20+ marketplaces will help you sell your pieces quickly, easily, and for a good price.

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13 Best Finance Books for Young Adults https://finmasters.com/best-finance-books-for-young-adults/ https://finmasters.com/best-finance-books-for-young-adults/#respond Sat, 21 Jan 2023 17:00:14 +0000 https://finmasters.com/?p=138618 If you are a young adult just starting to build your financial literacy these finance books will help get you to get off on the right foot.

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Young adults often face major financial challenges with minimal preparation. They deal with student loan debt, limited incomes, the need to build credit, and more, typically equipped with only basic financial knowledge. Finance books for young adults can help them build the knowledge they need.

If you’re in this position, these finance books for young adults will help you get off on the right foot.

📚 Best Finance Books for Young Adults:

  1. How to MoneyBy Kathryn Tuggle and Jean Chatzky
  2. I Want More PizzaBy Steve Burkholder
  3. Broke MillennialBy Erin Lowry
  4. Get a Financial LifeBy Beth Kobliner
  5. Rich Dad, Poor Dad for TeensBy Robert Kiyosaki
  6. Pay Less for CollegeBy Elizabeth Walter and Debra Thro
  7. The Infographic Guide to Personal FinanceBy Michele Cagan and Elisabeth Lariviere
  8. Why Didn’t They Teach Me This in School?By Cary Siegel
  9. How to Adult: Personal Finance for the Real WorldBy Jake Cousineau
  10. The Simple Path to WealthBy J. L. Collins
  11. A Teenager’s Guide to Investing in the Stock MarketBy Luke Villermin
  12. I Will Teach You to Be RichBy Ramit Sethi
  13. You Are a Badass at Making MoneyBy Jen Sincero

How We Chose These Books

We considered several factors when selecting books for this list, such as the author’s expertise, awards, critical acclaim, and online reviews. We also included new and noteworthy titles to provide readers with a diverse range of options and keep up-to-date with the latest trends.


How to Money book cover

1. How to Money

By Kathryn Tuggle and Jean Chatzky

How to Money is an invaluable resource for anyone looking to improve their understanding of personal finance. The authors provide actionable advice on multiple personal finance topics, including budgeting, saving, investing, and managing debt.

The content is divided into five sections: Earn It, Manage It, Use It, Get Schooled, and Look to the Future. Readers learn how to make informed decisions about their money through easy-to-read language and real-life examples.

🔑 Key takeaways: This book is designed to introduce young adults to personal finance. It provides the foundation they need to build a better financial future and avoid the pitfalls that put so many young people in a financial hole before they even get started.

✍ About the author: Kathryn Tuggle and Jean Chatzky are financial journalists and authors. Tuggle is the managing editor of LearnVest and a contributing writer for Forbes, while Chatzky is the financial editor of NBC’s TODAY show and the author of several books. They are financial literacy advocates and have collaborated on several projects, including the Money School online course and the How to Money book.


I Want More Pizza book cover

2. I Want More Pizza

By Steve Burkholder

I Want More Pizza, by Steve Burkholder, focuses on the crucial basics of money management, such as budgeting, saving, investing, and credit. It also provides a wealth of practical advice on topics like getting a job, applying for scholarships, and making the most of student discounts.

The book is built around the pizza analogy, which helps younger individuals understand the linkages that connect fundamental financial concepts.

The book is short, only around 100 pages, and is designed to be accessible to teens.

🔑 Key takeaways: I Want More Pizza is packed with helpful information but written in a direct, easy-to-follow tone. It’s widely used in school personal finance programs and is an excellent resource for teaching teenagers, students, and young adults more about finances. The book is filled with the author’s real-life examples of his money troubles during his younger years, giving readers real-world lessons that they can relate to.

✍ About the author: Steve Burkholder is a CPA with degrees in finance and accounting. He teaches corporate finance and devotes much of his spare time to providing accessible basic financial education to young people.


Broke Millennial book cover

3. Broke Millennial

By Erin Lowry

Broke Millennial by Erin Lowry is an insightful and practical guide to financial success for young adults. The book is filled with helpful advice and tips on managing finances, from budgeting and saving to investing and debt management.

With simple language and engaging true stories, learning about finances turns into a fun experience quickly.

🔑 Key takeaways: Broke Millennial avoids the common trap of approaching personal finance from the perspective of an older author who is already financially stable. It’s a realistic, sympathetic viewpoint that will resonate with people who have made mistakes (like all of us) and need help, not judgment.

✍ About the author: Erin Lowry is an engaging author who writes in an approachable and straightforward style. She draws on her own experiences and provides examples to illustrate her points. She has written several other outstanding finance books, including Broke Millennial Takes On Investing and Broke Millennial Talks Money.

Read key ideas on Blinkist →


Get a Financial Life book cover

4. Get a Financial Life

Personal Finance in Your Twenties and Thirties

By Beth Kobliner

Get a Financial Life: Personal Finance in Your Twenties and Thirties by Beth Kobliner is a comprehensive and easy-to-follow guide to taking control of your finances. Catering primarily to young adults, it covers topics such as setting financial goals, budgeting and saving, investing, understanding taxes, buying a home, insurance, and other critical financial matters for this age.

Kobliner breaks down complex financial concepts into easy-to-understand language, making it an excellent guide for those just starting their journey to financial literacy.

🔑 Key takeaways: Get a Financial Life was first published in 1996 and served as a financial bible for young people struggling to get started during the 2001 and 2008-2009 recessions. Despite its age, this New York Times bestseller is as relevant as ever. It is straightforward and accessible and is an ideal pick if you want a general introduction to personal finance.

✍ About the author: Beth Kobliner is a financial journalist, personal finance commentator, and best-selling author. Her primary mission is to help people improve their financial lives by providing valuable insights, tips, and tricks. Her book Get a Financial Life: Personal Finance in Your Twenties and Thirties is a New York Times bestseller, alongside her other book, Make Your Kid a Money Genius.


Rich Dad Poor Dad For Teens book cover

5. Rich Dad, Poor Dad for Teens

By Robert Kiyosaki

Rich Dad Poor Dad has become a personal finance classic since its publication in 1997. Not everyone agrees with its approach – our review digs deeper into those issues – but it remains one of the most popular personal finance books in the country.

Rich Dad Poor Dad for Teens is an adaptation of a well-known bestseller aimed at younger audiences. Reviews of the book are mixed – some readers found it short, and a bit repetitive – but they are still generally favorable…

🔑 Key takeaways: Rich Dad Poor Dad for Teens takes the lessons from Rich Dad Poor Dad and reframes them for a younger audience. Not everyone finds those lessons useful, but if you liked Rich Dad, Poor Dad and you’re looking for a personal finance book for your kids, it’s worth a try!

✍ About the author: Robert Kiyosaki is a businessman, entrepreneur, and author. He’s the founder of Rich Global LLC and the Rich Dad Company. In addition to being a successful businessman, he provides personal finance advice and educates others on managing their finances.


Pay Less for College book cover

6. Pay Less for College

By Elizabeth Walter and Debra Thro

Paying for college is an almost ubiquitous concern among college-bound young adults. Pay Less for College is a valuable guide that helps students take care of their finances and teaches them how to afford their degree without plunging into a lifetime’s worth of debt.

After seeing how confusing and misleading college financial aid information is, the authors created a guide that will allow young adults to plan their college funds and make the most of the available financial aid. The result is a simple but comprehensive guide to making college affordable.

🔑 Key takeaways: Most of the books on this list cover general personal finance topics. Pay Less for College is much more specific and aims at a very specific audience: college students, soon-to-be college students, and their families. It helps students navigate financial aid and take control of various college costs. It also teaches them how to get more free money through scholarships and grants and save tens of thousands of dollars throughout their higher education.

✍ About the author: Debra Thro is an ASCA Certified College Admissions Specialist and a PACAC member. She collaborated with Elizabeth Walter in writing Pay Less for College.


The Infographic Guide to Persona Finance book cover

7. The Infographic Guide to Personal Finance

By Michele Cagan and Elisabeth Lariviere

Some people are visual thinkers and find it easier to absorb information when it’s laid out in a graphic form. If that sounds like you, The Infographic Guide to Personal Finance is the perfect personal finance book for you. It contains informative lessons about finances delivered through captivating graphics.

The visually appealing infographics in this book cover a range of personal finance topics, from spending, budgeting, and saving to credit, debt, housing, and investing. If there’s a young person in your life who’s having trouble with traditional finance books – or if you are – this one is worth a try.

🔑 Key takeaways: This is not a simple picture book. It takes complex concepts about money and presents them in a visually appealing form that many people will find easier to understand than written explanations.

✍ About the author: Michele Cagan is a CPA, financial mentor, and author with more than 20 years of experience in the field of finance. She has written multiple books and articles about personal finance and investing. She collaborated with Elisabeth Lariviere in writing Pay Less for College.


Why Didn’t They Teach Me This in School? book cover

8. Why Didn’t They Teach Me This in School?

By Cary Siegel

Why Didn’t They Teach Me This in School? 99 Personal Money Management Principles to Live By was written by a business executive who wanted to lay out lessons that would teach his five kids more about finance as they entered adulthood. The book quickly received worldwide fame.

Some readers found some of the advice – especially the suggestion that college students avoid credit cards – dated, but the basic principles have generally been well received.

🔑 Key takeaways: Why Didn’t They Teach Me This in School? covers budgeting, spending, investing, insurance, mortgage, credit cards, and many more topics. It’s packed with valuable tips and tricks that most people don’t learn in school.

✍ About the author: Cary Siegel holds an MBA from the University of Chicago and was a business executive at many marketing and sales organizations. He published Why Didn’t They Teach Me This in School? book in 2017, while Why Didn’t They Teach Me This in School, Too? hit the shelves in 2018.


How to Adult book cover

9. How to Adult: Personal Finance for the Real World

By Jake Cousineau

How to Adult: Personal Finance for the Real World has been called “an essential resource for a high school graduate, college student, or any other young adult who needs to prepare for the financial realities of adulthood”. It addresses a range of personal finance topics, from basic budgeting and saving to more complex concepts like investing, retirement accounts, taxes, and insurance.

By equipping young adults with money management fundamentals, this book prepares its readers for the financial realities of adulthood.

🔑 Key takeaways: How to Adult: Personal Finance for the Real World is longer and more complex than some of the books on this list. It might not be the right choice for younger readers or reluctant readers, but it is a book that you can keep on your shelf – and keep consulting – throughout the adulting process.

✍ About the author: Jake Cousineau is an author and educator that shares his knowledge about finance to teach others to manage their money more successfully. He taught personal finance classes in high schools for years, gaining a strong appreciation for the financial education needs of young Americans.

With his book How to Adult: Personal Finance for the Real World, Jake Cousineau hopes to reach a wider audience of young adults and provide them with everything they need to know about personal finances in the real world.


The Simple Path to Wealth book cover

10. The Simple Path to Wealth

By J. L. Collins

The Simple Path to Wealth is an investing book for people who know nothing about investing. For young people, investment often seems a remote activity for people who already have money, and that attitude often keeps people from investing early and giving their assets the largest possible time to appreciate.

This book covers everything a young person needs to understand what investing is about and get started early, along with other personal finance knowledge.

🔑 Key takeaways: The investment world can be harsh, especially for young adults and beginners who don’t know much about this topic. That’s where The Simple Path to Wealth comes in handy, as it provides readers with a simple map and tools necessary to forge financial stability and build wealth with confidence.

If you’re looking for a general personal finance book, this might not be your top choice, as it is primarily focused on investing. If you’re looking to get started with investments, though, it’s a prime pick.

✍ About the author: J. L. Collins is currently a financial blogger and book author. However, he was also an account executive, consultant, investment officer, entrepreneur, speaker, radio talk show host, and magazine publisher. With so much knowledge and experiences to share, his book The Simple Path to Wealth is an excellent choice.


A Teenager’s Guide to Investing in the Stock Market book cover

11. A Teenager’s Guide to Investing in the Stock Market

By Luke Villermin

Luke Villermin’s A Teenager’s Guide to Investing in the Stock Market is focused on the advantages of starting investing early. Just because most people wait until they’re in their 30s to start investing doesn’t mean that’s the best thing to do.

By presenting the benefits of investing as early as their teenage years, Villermin hopes to motivate younger generations to start working on their financial stability today.

🔑 Key takeaways: The book’s primary goal is to inspire teenagers and young adults to start saving and investing today. The readers can do so thanks to a step-by-step guide to opening an online account, purchasing stock, and putting money to work. The book also covers the stock market’s basics and how to choose the best investments.

This is a focused book with a single purpose. If that purpose lines up with your objectives, it’s a good choice!

✍ About the author: Luke Villermin is a successful author interested in sharing his knowledge about finances and investing. He is the author of several well-received books. Besides A Teenager’s Guide to Investing in the Stock Market, Luke Villermin wrote On Your Mark, Get Set, Spending Wisely, INVEST: A Kid’s Guide to Saving Money, and several others.


I Will Teach You to Be Rich book cover

12. I Will Teach You to Be Rich

By Ramit Sethi

Another outstanding read is I Will Teach You to Be Rich by Ramit Sethi. It’s a New York Times Bestseller published in 2009 that tackles the process of becoming rich. Today’s version is completely updated with over 80 pages of new material.

I Will Teach You to Be Rich is written in a light, irreverent style that one reviewer describes as “part frat boy and part Silicon Valley geek, with a little bit of San Francisco hipster thrown in”. Don’t let the style fool you: the advice is entirely serious.

🔑 Key takeaways: I Will Teach You to Be Rich makes some pretty ambitious claims, notably of a “no-BS 6-week program”, a pretty quick timeline when getting rich is the goal! With almost 13,000 overwhelmingly positive reviews, though, this book has clearly made an impression on a large number of readers!

✍ About the author: Ramit Sethi is a bestselling author who has been featured by ABC News, CNN, and the Wall Street Journal. He’s dedicated to helping his followers manage personal finances and work on their financial stability. Instead of simply guiding them to becoming financially independent, Ramit Sethi teaches readers how to become rich.

Read key ideas on Blinkist →


You Are a Badass at Making Money book cover

13. You Are a Badass at Making Money

By Jen Sincero

Last but certainly not least, we complete this reading list with You Are a Badass at Making Money by Jen Sincero. You Are a Badass is one of the most talked-about books in the personal finance world.

Most personal finance books focus on the practical steps we can take to put our finances in order. You Are a Badass at Making Money takes a different approach, focusing on the mindsets and mental blocks that prevent so many people from achieving financial progress.

🔑 Key takeaways: The connection between mental attitudes and money is well-documented, and that connection is increasingly seen as a key to breaking out of self-destructive habits and replacing them with constructive ones. You Are a Badass at Making Money takes an easygoing, positive, guilt-free approach to help you unlock your financial potential.

✍ About the author: Jen Sincero is a #1 New York Times bestselling author and speaker who has helped thousands of people transform their lives. With You Are a Badass series of books and Badass Coaching Programs, Jen Sincero motivates people of all ages to improve their lives in different aspects, especially the financial one.

Read key ideas on Blinkist →

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20 Best Items to Flip for Profit in 2024 https://finmasters.com/best-items-to-flip-for-profit/ https://finmasters.com/best-items-to-flip-for-profit/#respond Mon, 12 Dec 2022 17:00:10 +0000 https://finmasters.com/?p=89920 Earn a few extra bucks on the side or make flipping your full-time job with these 20 best items you can flip for profit.

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Flipping items for profit can be a great way to earn quick cash or establish a full-time business. While there are no strict rules, some items consistently provide great opportunities to buy low and sell high, the key to profitable flipping. Here’s a list of the best items to flip.

Top 20 Flip-Worthy Items

Here are the top 20 items you can flip for maximum profit.

1. Antiques

Antiques are among the most profitable items to flip because the demand for them is generally high, and there’s usually only minor restoration involved in the process. Even when an antique item is broken, it’s usually sold as is instead of altering its original form and using other materials.

However, selling these items requires special knowledge that allows flippers to distinguish between valuable relics and plain old junk. Besides that, antiques rarely require anything else and can secure fantastic profits.


2. Collectibles

Collectibles are among the favorite items to flip, and for a good reason. They’re easy to find thanks to their wide availability and effortless to flip because they usually have a large and passionate fan base. Fans of collectibles will pay good money to get their hands on their favorite items and add them to their collection.

The acquisition and profit earned largely depend on the collectible, but some popular categories, such as baseball cards, can be highly profitable.


3. Sports Jerseys

Many sports fans worldwide are ready to pay a nice sum to get vintage sports jerseys from their favorite teams and players.

A large audience makes sports jerseys among the best items to flip. Additionally, they require minimal restoration effort since washing them and maybe hand-sewing a couple of tiny holes is often more than enough to prepare the item for the marketplace.


4. Concert T-Shirts

Similar to sports jerseys, concert T-shirts are also great items to flip. Although the demand for concert T-shirts is slightly lower than for sports jerseys, many passionate music fans would still like to add a concert T-shirt from their favorite band to their collection.

Remember that T-shirts from famous artists, festivals, or artists who don’t perform anymore are among the most valuable items in this category.


5. Vintage Sportswear

Vintage sportswear from cult brands such as Nike or Adidas comes with slightly higher acquisition costs because most people know these sportswear industry leaders don’t sell their products for cheap. Even so, you can still come across limited edition or vintage sportswear worth much more than items from their standard lines.

Selling these pieces for more is pretty easy because there are plenty of people out there who know everything about vintage sportswear collections.


6. Sneakers

Sneakers and shoes for different sports are so popular that they deserve a category of their own. Finding sneakers to flip is easy because many people want to get rid of worn-out sneakers and replace them with a new pair.

The profitability of flipping sneakers largely depends on their condition. Unworn items can cost a fortune, while worn-out sneakers have a lower price and limited demand.

👟 Selling used shoes that no longer fit you or your style can be an excellent way of making some money on the side. Here are some of the best places to sell used shoes online and locally.


7. Lego Sets

New Lego sets are extremely expensive. However, most families have boxes of Lego sets stored somewhere in the house, so it’s not uncommon for them to appear at yard sales at a great price.

What makes Lego sets an excellent choice is the absence of restoration costs. Legos are almost indestructible, and you don’t have to worry about restoring them. However, the price of the set can vary depending on how many pieces are missing, so always go for universal block sets or sets with all the pieces.


8. Watches

The profitability of flipping watches largely depends on the brand and the condition of the watch. Luckily, most watches can be restored with a bit of time and effort, whether that includes replacing the batteries, the broken glass, or the mechanism.

Even though flipping old watches comes with more restoration costs, the process can be worth it, especially if you find watches from famous brands.


9. Cufflinks

Flipping cufflinks for profit is great if you’re looking for a few extra bucks without too many obligations.

High-quality cufflinks can fetch a high price today as they’re part of formal attire. Since people used them all the time before buttons on cuffs became more popular, it’s common to find all kinds of second-hand cufflinks on marketplaces.

Although the profit on cufflinks isn’t life-changing, the investment and restoration aren’t either.


10. Book Sets

Although selling individual books doesn’t secure an impressive profit, it’s a different case for entire book sets. You can search for books from popular collections until you have an entire set that you can sell for a higher price and earn a nice profit. The demand for entire book sets is relatively high, so you can quickly flip these items once you collect them.


11. Video Games and Consoles

More and more video game fans are interested in vintage video games and consoles that aren’t manufactured or sold in stores anymore. That’s a perfect opportunity to look for used video games and consoles and flip them for profit.

Although most old consoles require repair, you can sell them at an incredibly high price if they still work correctly.


12. Wedding Dresses

Wedding dresses are another popular category for flipping, especially when wedding dresses made by famous creators are in question. People clearing out their closets will sell old wedding dresses at a low price, allowing flippers to make a decent profit on these items.

Most wedding dresses require a bit of time and investment to restore delicate fabrics but can secure a nice profit in return.

👰 These top sites and locations are the best places to sell your wedding dress.


13. Sports Equipment

Brand-new sports equipment costs a fortune but lasts a long time if taken care of well. The best thing about it is that many people only use their sports equipment for a few months before deciding to sell it. Many others buy items they hope to use, and they end up sitting in a garage.

If the sports equipment is in good shape, flippers can earn a nice sum by investing in these items and selling them to someone who needs the equipment for a much higher price.

Flipping sports equipment can come with some moderate acquisition costs, so make sure you have enough money to invest.


14. Musical Instruments

Used musical instruments are among the most sought-after products because the new ones are extremely expensive.

Depending on their condition, musical instruments can require extensive or no restoration. Whatever the case may be, selling these items is profitable due to the high demand. That’s particularly true among parents looking for affordable musical instruments for their kids.


15. Photography Gear

New cameras, lenses, tripods, and other photography essentials can easily cost thousands of dollars, so not everyone has the means to invest in new photography gear.

Although used photography gear isn’t exactly cheap, it’s still a more affordable option. Flippers can find vintage or modern but used photography gear and sell it for hundreds of dollars in profit. While flipping photography gear requires solid capital upfront, the profit is worth it.


16. Baby Gear

The cost of purchasing cribs, strollers, pack-and-plays, car seats, toys, and other baby essentials can quickly add up, so many expecting parents try to minimize these costs by going with used baby gear.

Used newborn gear is almost always undamaged with minimal traces of use because parents usually don’t get a chance to use it a lot before their baby outgrows it. That’s an ideal way to earn a decent amount of money without any need for restoration.


17. Rugs

Many people throw away rugs that need to be cleaned or restored and replace them with new ones. That allows flippers to get their hands on some beautiful decorative rugs for an extremely low price or even for free and sell them for a nice profit if they’re willing to restore them.

Although flipping old or vintage rugs requires more time and effort than flipping some other items, they can be profitable investments.


18. Appliances

Selling used appliances is another highly profitable opportunity, although it also requires extra work from the flipper.

People usually want to get rid of appliances because they’re big and heavy to move, which leaves flippers to deal with transportation. Also, some appliances might be broken, so flippers need to fix them or pay someone to do that for them. However, the profit is certainly worth it if you’re willing to go the extra mile, especially if you have the expertise to repair them yourself.

🔌 You can sell used appliances quickly and earn extra cash for their replacements or any other purchase. Here are the best places where you can sell used appliances.


19. Furniture

Wooden, upholstered, and outdoor furniture are some of the most valuable items you can flip for profit. However, some of these items might require a bit of work to get the most out of them. Wooden furniture can be re-finished and upholstered furniture can be cleaned or reupholstered. None of these tasks are extremely demanding, but they can result in a nice profit.

🛌 There are numerous websites and platforms for selling used furniture, but some are simply better than others. Here are the best places to sell used furniture online and locally.

💸 Real people, real stories: See how Marissa makes $1,000+/month flipping furniture.


20. Motorized Items

Dirt bikes, ATVs, snowmobiles, jet skis, golf carts, and other motorized items are great for flipping because many people who aren’t using them will sell them for a low price just to get rid of them.

A great thing about motorized items is that you can always upgrade certain parts, resulting in an even better flip. Nonetheless, flipping motorized vehicles will require a decent starting capital.


How Flipping Works

Now that we’ve looked at the 20 best items for flipping, let’s look at how flipping works. The idea is to purchase items at a low price and sell them at a higher price to earn profit.

The essential steps of flipping are:

Step 1: Know Your Market

The key to making flipping profitable is a keen sense of what items are worth in the resale market. If you spot an item in a garage sale, you need to know how much you’ll have to put into it and what you can expect to sell it for.

Flipping works best when you’re buying and selling items that you know about and care about. That’s also a big part of what makes flipping fun!


Step 2: Buy

Every flipping process starts with investing in an item you wish to flip. Whether you’re searching for big tech pieces or antique jewelry, your choices are endless. However, make sure the product is worth more so you don’t end up wasting your money. To find the products for flipping, try visiting yard sales, vintage stores, flea markets, and anywhere else that sell items at low prices.


Step 3: Fix (If Necessary)

If you’ve bought a broken item or an item that could benefit from a makeover, now would be the perfect time to do that. Fixing broken items or giving them a completely new look can drive up the value dramatically and increase your profit.


Step 4: List

Once you purchased an item and possibly made it more valuable, you can list it. Most flippers use popular digital marketplaces to sell their products because it allows them to reach a larger audience. Some go-to marketplaces include eBay, Amazon, Craigslist, OfferUp, and Facebook Marketplace.


Step 5: Sell

The only thing left to do is sell your product. Naturally, the more money you sell your items for, the better. Nevertheless, that doesn’t mean you should hold onto your items for a long time just because you believe they might be worth slightly more. It’s all about balance.


FAQs

What Are the Best Items to Flip on eBay?

The popular platform eBay is perfect for flipping jewelry, furniture, garden tools, clothing, video games, board games, books, and toys.

What Are the Best Items to Flip on Facebook Marketplace?

Facebook has its own digital marketplace called, naturally, Facebook Marketplace. It’s a great place to flip items such as furniture, books, and sports and fitness equipment.

What Are the Best Items to Flip on OfferUp?

As the first mobile-friendly C2C marketplace, OfferUp is ideal for flipping clothing, electronics, tools, sports cards and other collectibles, and baby gear.

What Are the Best Items to Flip on Craigslist?

If you want to flip anything vintage, Craigslist should be your go-to marketplace. This site works extraordinarily for selling vintage clothing, video games and consoles, and even electronics.

What Are the Best Items to Flip on Amazon?

The best items to flip for a profit on Amazon include motorized items, furniture, appliances, sports gear, and musical instruments.

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