How to pay off debt on a low income

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6 жыл бұрын

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Are wondering if you'll ever be able to tackle your debt with the income you have? Then this video is for you! We are discussing how to pay off debt on a low income in a very unique way.
⬇️ Links mentioned below ⬇️
Living pay check to pay check on a low income can make it seem like paying off debt is unattainable. I want share with you how my friend Brian Harris uniquely paid off his debt and you can, too... no matter your income. Becoming debt free is just that, freeing! And, this is something I would like all my readers to experience. In this video we will shed light on Brian's debt freedom story. And, the unique way he found to pay off over $80,000 in debt in a really short period of time. We hope his story will help you in your journey to becoming debt free.
✅ VIDEO HIGHLIGHTS OF MY INTERVIEW WITH BRIAN:
1️⃣► EXPLAIN WHAT YOU DID PAY OFF YOUR DEBT USING EBAY (01:30)
PRO TIP (05:07): If you want to know if something at a yard sale is valuable, download the eBay app!
► Skip McGrath info and books: www.skipmcgrath.com/products/s...
2️⃣► HOW REALISTIC IS IT TO MAKE A FEW HUNDRED DOLLARS A MONTH ON EBAY? (08:33)
PRO TIP: Don't look to sell 100 things for $5. Look to sell 3 things for $50 a piece. Start small!
3️⃣► ANY OTHER TOOLS/RESOURCES THAT YOU THINK ARE HELPFUL? (16:19)
►Check out Lynn Dralle's book on buying and selling on eBay: www.thequeenofauctions.com/
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DISCLAIMER: Bob Lotich is a financial educator, not a financial/investment advisor. He is sharing his personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Bob Lotich’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor and conduct your own due diligence.
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Пікірлер: 104

@SeedTime 5 жыл бұрын

✅ Want more videos like this? 📍Click to subscribe to our channel: kzfaq.info

@YHW77777 5 жыл бұрын

So is this taxable?

@earthmom106 5 жыл бұрын

SeedTime Money if the items are used, am I still required to pay taxes on the eBay income?

@zebdavis2269 5 жыл бұрын

You'll likely still have to pay income tax on the profit, but not sales tax, depending on your state.

@kasession 6 жыл бұрын

Bottom line... He figured out a way to generate more income which he dedicated to paying off his debt. Thanks for the information.

@SeedTime 6 жыл бұрын

Exactly, that's pretty much the best way to pay it off right?

@kasession 6 жыл бұрын

Yes. it's the best way.

@bennyjones7255 5 жыл бұрын

Bottom line is you can make a killing on ebay/amazon if youre willing to work

@antoinycemathis 5 жыл бұрын

Exactly!!! That's what I need - a way to generate the extra income to pay off debt... get it done so I can increase savings, etc.!!!!

@germandimplez 5 жыл бұрын

I have a friend who has filed bankruptcy and is low income. Hardly a high school education. She is constantly going on vacay her house and vehicles are nicer than mine. She is constantly at auctions. This is what she does. This is how she is making more money than a nurse with a college education (me). I think it's worth giving it a shot.

@SeedTime 5 жыл бұрын

Wow, crazy - yea I know some people doing really well with businesses like these too -

@christinaehinger3913 5 жыл бұрын

I watched this video just a week ago and it totally inspired my husband and I to give this a try. We've been binge watching videos of people doing this to learn what to shop for and now we've just started buying and listing our first finds! My husband actually tried this years ago with a friend for a short time so he has some experience but now we're going to try it together and take it more seriously. We were looking for a way to better tackle our debt. Thank you SO much for putting this idea out there - I think I was meant to see it!

@SeedTime 5 жыл бұрын

You are welcome!!

@antoinycemathis 5 жыл бұрын

This is awesome Christina! Can you share the success you and your husband have had thus far!?

@siikeboy 4 жыл бұрын

Update?

@carlysanchez1178 6 жыл бұрын

Wow, I never knew any of this was possible! Sounds doable. Thanks for the video.

@SeedTime 6 жыл бұрын

You are welcome!

@ameliaroberts298 5 жыл бұрын

Excellent video. Would love to do this, very nervous about how to get started. Easiest way. Thanks

@nancymorris6351 5 жыл бұрын

This video had some really good ideas on how to make extra income through yard sales, what to look for and how to find out the value of an item through ebay. I had considered this before but felt overwhelmed at what to look for, where to find the best yard sales and doing the homework on items, value etc. Thanks for the great ideas.

@SeedTime 5 жыл бұрын

You are welcome!

@maipham4766 4 жыл бұрын

Just found your channel and already love it ❤️❤️❤️

@SeedTime 4 жыл бұрын

Awesome! Glad to have you in the community!!

@tammypierce2438 5 жыл бұрын

I was an ebayer, time to go back to it!!!!

@laurieaaseth4375 5 жыл бұрын

My takeaway from this video is that in order to. Get started selling things on eBay I should download the eBay app and look at things around the house to sell and look them up on the completed listings to fine what they’re selling for and just saw one or two things to get started. That sounds a lot more doable to me then going out to yard sales when I have three kids to take care of it and drag around. Thanks for this video I’m excited to get started!

@SeedTime 5 жыл бұрын

Hey Laurie, congrats! You won our Hobby Lobby gift card giveaway! Please shoot us an email (lauren@seedtime.com) and we'll make arrangements to get you the card!

@valerieg8874 5 жыл бұрын

This video I truly appreciate, I've been sitting on merchandise in my home and know it could sell. This information is a real good kickstart and a confidence builder.Thank you !!!

@SeedTime 5 жыл бұрын

Awesome - go for it!

@eLBo147 6 жыл бұрын

Another great video, Bob! Thanks!

@SeedTime 6 жыл бұрын

Thanks for the encouragement brother!

@keithboyd655 4 жыл бұрын

This was amazing. I can't wait to give this a try. Start small. Get Familiar. Pay off debt.

@SeedTime 4 жыл бұрын

Go get it Keith!!

@amissionwithjesus 6 жыл бұрын

Thank you

@funshorebecca7957 5 жыл бұрын

So I learnt you have to start small and be consistent at it. Also it's better to sell 3 stuffs for a higher price than sell a large amounts of stuffs for a lower price

@carmennuland1996 6 жыл бұрын

Great tips!

@carlosg.1955 6 жыл бұрын

Thank you so much guys for this valuable information...I love your videos

@SeedTime 6 жыл бұрын

Thanks Carlos, much appreciated brother!

@carlosg.1955 6 жыл бұрын

SeedTime Money thanks to you 🙏🏼

@amissionwithjesus 6 жыл бұрын

Please pray for breakthrough in ministry and in finance, thank you

@SeedTime 6 жыл бұрын

Will do!

@vickirichards5186 5 жыл бұрын

I had a sewing pattern at home that I found out that the pattern was worth 78.00 sold for 31.00. Always check what its selling for listing

@HBDuncan1 2 жыл бұрын

Great idea for some if your young ! I’m not able to do that due to my disability! But I got good info for selling items !

@thebkj 4 жыл бұрын

Great stuff...

@currencybuddy247paiddailyw3 2 жыл бұрын

Great information Thanks for posting keep going

@jeffreybyrdcoaching2398 Жыл бұрын

Tx so much! Which Skip McGrath book is best for the list of items to look for? I just sold some camera lenses on ebay for over 2k. I'm ready to try for more!

@hannaw193 5 жыл бұрын

This was very helpful

@SeedTime 5 жыл бұрын

Awesome, glad to hear it!

@cakewhisperer7113 6 жыл бұрын

Thank you:)

@SeedTime 6 жыл бұрын

You are welcome - hope it helped!

@brandyshirley5727 6 жыл бұрын

This video was perfect! Thank you for sharing. I learned that you can find objects at yard sales to resale on ebay and it doesn't have to be difficult! Just do your research on what is selling and keep an eye out. This is one of the more successful ways to pay down debt without getting another job away from your family.

@SeedTime 5 жыл бұрын

Glad you liked it Brandy!

@Zelle-ts3nb 4 жыл бұрын

Great information. I’m searching for my side hustles.

@SeedTime 4 жыл бұрын

Glad it was helpful!

@debmottaz5876 5 жыл бұрын

eBay is a fantastic way to make money from home. I have been a eBay reseller for almost 5 years I love it.

@sandiemom8888 5 жыл бұрын

It seems overwhelming. Are there any tips that make it easy to understand. Thanks..

@josephgraves2092 3 жыл бұрын

Just found this, I would love to try this. Scott McGrath has swapped to amazon, any input from Brian on the best modern methods?

@suzetteroberts9072 5 жыл бұрын

Thanks Bob, ...inspirational for sure. I tried the buy and sell thing in my area and it was really difficult to find things at yard sales and thrift stores. It was taking so much time to look through the junk. The biggest profit I turned was 20 bucks. I guess I gotta drive an hour and 1/2 into a big city (las vegas) to do the buying part. Again, it is such a huge time investment and the gas to drive around.

@debbiewright1149 5 жыл бұрын

I am new to your channel, I just subscribed about a half-hour ago. This was the second video I watched and I feel I am learning a lot. Do you think selling on e-bay would help bring down the over $100,000 I am in debt (student loan, mortgage, and credit card debt)?

@SeedTime 5 жыл бұрын

Hey Debbie!! Glad to have you in the community! There are tons of full-time ebayers making nice livings, so I think it definitely would help !

@patsyhairston8277 5 жыл бұрын

i have encyclopedias printed before space travel R they worth anything???

@SeedTime 5 жыл бұрын

Not sure, but check this video to find out... kzfaq.info/get/bejne/lZ-ge86IktSmpH0.html

@Affordablemtg 4 жыл бұрын

I use facebook marketplace, MercarI and amazon. You guys should try Marketplace. I may check out Ebay. Havent trIed yet.

@mrs.228 5 жыл бұрын

Can you help me stay utd on the interest rates? Also can you tell me where to go to start a ROTH IRA?

@SeedTime 5 жыл бұрын

1. probably not, since I am not myself ;) 2. I would check out this video kzfaq.info/get/bejne/jMeCY6uJv8CraJc.html and consider the Roth option there - I love them because they are FREE - that very rare with online brokers -

@glymy7085 5 жыл бұрын

On eBay, how do you find out what somebody paid for and object? I bought on eBay, and use PayPal. But I've never sold anything on eBay

@SeedTime 5 жыл бұрын

Check out this video - kzfaq.info/get/bejne/lZ-ge86IktSmpH0.html and it will show you how

@garym5429 5 жыл бұрын

I’ve sold items on eBay before and ran into shipping cost that ate up my profits. What’s the best way to determine how much an item will cost me to ship? Thanks.

@SeedTime 5 жыл бұрын

Not sure how long it has been, but with Ebay now if you use their default shipping options (USPS Priority mail) it changes the shipping cost based on where the buyer lives, so you should never have to pay more for shipping than it actually costs

@ruthgraff2064 5 жыл бұрын

Give me some kinds of ideas to look for Im on limited in monthly . But need extra money to pay off depts

@SeedTime 5 жыл бұрын

Ruth I would check out Skip's book (link in description) as he is the expert in this area

@h.a.barker412 5 жыл бұрын

I have bought and sold on eBay & Amazon for over 10 years and I always lose most of the income on shipping what is the secret to cheap shipping?

@SeedTime 5 жыл бұрын

With Ebay it shouldn't be an issue since the buyer is paying shipping - not sure about Amazon though

@shirleanhunter9038 5 жыл бұрын

Any suggestion on how to payoff student loans.

@karishmarevankar190 4 жыл бұрын

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@lindakgee68 4 жыл бұрын

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@amissionwithjesus 6 жыл бұрын

Amen in Jesus Christ name

@lacheredenton5736 5 жыл бұрын

I I over Goodwill store houses, u can find tons of things!

@mysticalmisfit1332 5 жыл бұрын

I can’t understand what he’s saying when he says this one thing. Is he saying look at completed listings? I’ve down loaded the eBay app but when I enter completed listings nothing comes up.

@SeedTime 5 жыл бұрын

Check this video for how to do it - kzfaq.info/get/bejne/lZ-ge86IktSmpH0.html

@mr_digdeeper 5 жыл бұрын

How about getting stuff from alibaba and reselling on eBay for profit?

@SeedTime 5 жыл бұрын

Sounds like a plan!

@bobsides3149 5 жыл бұрын

My friend is buying and selling books on eBay and I cannot believe what people are paying .

@jennym.9099 5 жыл бұрын

Any particular subject of books?

@bobsides3149 5 жыл бұрын

@@jennym.9099 he does good with medical and some of the more expensive college ones.

@thethorntons5844 4 жыл бұрын

How did you deal with the taxes on this kind of income?

@thebkj 4 жыл бұрын

Great question. I was wondering the same thing myself.

@mailisailor 5 жыл бұрын

I don’t understand how you know how much to charge for shipping. It’s so expensive

@SeedTime 5 жыл бұрын

Ebay pretty much takes care of that for you now

@venicemitchell3159 6 жыл бұрын

I'm on a fixed income and I get my credit card debt paid off n try at building an emergency fund at same time, and still in debt. I feel like I'm not getting the principle lined up and I'm probably stressing Jesus out, Lol

@SeedTime 6 жыл бұрын

I think we have all felt like we are stressing Jesus out - thankfully that definitely isn't the case! His grace never runs out!

@stevenleejobe 6 жыл бұрын

This is all well and good. But eBay used to be a user-friendly website. Back in the day anyway. But now? They have what’s called a “listing-fee” which you have to pay regardless of whether you sell the item. That’s the point where eBay becomes bullshit for me. Fuck listing fees.

@SeedTime 6 жыл бұрын

+Steven Jobe not sure what we are doing differently but i have never paid that fee. When i list an item it tells me that there aren’t listing fees and that i pay a flat 10% of the selling price IF the item sells

@stevenleejobe 6 жыл бұрын

SeedTime Money Huh. Well I wonder what’s up with that? All I know is, last time I tried to sell a couple of items, when they did not sell I was hit with the aforementioned LF. I will try to look into what’s up with this. Thanks for the feedback.

@SeedTime 6 жыл бұрын

I looked a little more and it looks like it isnt cut and dry. Basically certain categories affect it as well as this (from their site) - "Every month, you get up to 50 zero insertion fee listings, or more if you have an eBay Store. You'll only pay insertion fees once you've used up those listings."

@buddypenny12345 5 жыл бұрын

If money is made on Ebay , does Ebay report it to IRS?

@SeedTime 5 жыл бұрын

Ebay doesn't have your money, the transaction is typically done through Paypal and as a result I am pretty confident it isn't reported to the IRS

@buddypenny12345 5 жыл бұрын

SeedTime Money thank you

@kshanee2 5 жыл бұрын

Yes if you make over a certain amount annually you must report it to the irs especially if you have a business PayPal acct

@lolacole5653 5 жыл бұрын

It is after you earn over $2k

@hansvandenberg6464 Жыл бұрын

ebay is terrible since it forces you to use paypal. secondly this video doesnt say much about the debt, just about putting your trust in making money.... many people even ask the weirdest amounts at ebay which in my opinion is stealing

@artrocksbydahlia3413 5 жыл бұрын

There is a glitch your subscribe button is not working.I can't subscribe.

@SeedTime 5 жыл бұрын

Well thats no fun!! Hope it gets fixed!

@yaelrar.4460 5 жыл бұрын

I've tried this selling stuff and it so was not successful. You may sell it, but if no one wants it, you've not gotten that money you counted on. Lame idea.

@SeedTime 5 жыл бұрын

So i'd love to hear some better ideas if you have them!