My side hustle is buying and reselling secondhand merch. I sold over 470 items and made nearly $9,000 in my first year.
Around me, other resellers were elbows-deep — with gloves on, masks up — tossing clothes like someone buried a gold bar in there. There was no actual gold to dig up, just the chance to make money flipping this "trash."
Welcome to the Goodwill Outlet, aka "The Bins," as regulars call it. It's the final stop before auction, recycling, or the landfill.
Here, you buy by the pound, so the Missoni shawl, which originally retailed for $350, cost me less than $2.
I sold it for $62 on the resale app, Poshmark. It was not as much as I'd hoped, but the snags I overlooked before buying it lowered the value.
I've been exploring this part-time side hustle for a little over a year. I sold my first personal item in February 2024 and started taking reselling more seriously, including regular trips to The Bins, at the beginning of that summer.
Strategic finds like the Missoni shawl helped me earn nearly $9,000 in profit my first year. However, it wasn't just about the money. I've also decluttered my house and found an unexpected online community.
I was inspired by my best friend and the online community
My best friend had been thrifting for a long time, but once she discovered Poshmark, everything changed. Suddenly, her weekend hobby was making real money.
She was the one who got me curious, but it was the supportive Instagram community that pulled me in.
Before spending money on new inventory at thrift stores and The Bins, it's recommended by veteran resellers to start with items you already own. So, that's what I did.
I looked around my house at all the stuff we'd accumulated, especially after having kids, and made a pile of things I wasn't using but couldn't quite let go of, until that moment, when they finally had a new purpose.
There was the maternity dress I wore to a wedding, a pack of baby onesies with the tags still on, and a set of handmade ceramic mugs we'd made tea in once.
In that first purge, I filled three trash bags full of stuff and listed it on my Poshmark store, Forsythe Canyon.
I could tell I was just scratching the surface, so I started going deeper into the reseller community on Instagram, where I followed and interacted with top sellers who shared invaluable advice like how to research an item's sell-through rate and average sale price and where to find deals on live auction apps like Whatnot.
Out of everything, what surprised me most was how collaborative reselling is. I'd promote other resellers' Poshmark stores on Instagram, and they would support me back.
Everyone I meet has their own reason for starting. One friend put herself through college. Another uses her earnings to take her family on dream vacations, and one guy made it his full-time career after his ADD made traditional offices too challenging.
I learned the hard way
Resale is not competitive because the inventory is endless. Americans have way too much stuff. Spend even an hour at The Bins and that becomes obvious. The one I visit, staff roll out new blue carts brimming with unwanted items every 10 minutes, eight at a time, all day, every day from 8 a.m. to 8 p.m.
Of course, all the support didn't stop me from learning the hard way. When I started sourcing outside my home, I overpaid for trendy items I didn't bother to "comp" (reseller speak for checking comparable sales), and ended up losing money on a few pieces I thought were "cute."
My bookkeeping was a disaster until I found the reseller-friendly software Vendoo, which organized my messy spreadsheets into top-selling categories and brands, average sale price, and revenue vs. profit.
When I look back at some of my early listing photos, I'm shocked that anything sold. There were too many shots with bad lighting, jeans half-out-of-frame, and wrinkled tops.
That Missoni shawl was a lucky flip. My average sale price per item lands closer to $30, but that adds up.
Within the first year of opening my reselling store, I've generated $14,000 in revenue, $8,700 after expenses, listed 784 items, and sold 474—all of which I photographed and wrote descriptions for with relevant keywords.
Shopping and listing take the most time. My dining table has become a photo studio, covered in a white sheet and flanked by two lamps I stole from the bedroom. Some days, I'll list until my back aches.
Reselling is my hobby, it's not a get-rich-quick scheme
Reselling's not glamorous. Remember me digging through The Bins? It's also definitely not a get-rich-quick scheme.
If I tracked my hours, I'm pretty sure I'm earning less than minimum wage.
However, the flexibility is worth it to me. While the kids are in school and I'm between work projects, I'll swing by the Outlets, drop $100, and turn it into $600 within a few weeks. Not bad for a mid-morning treasure hunt.
At night, while I have a show on in the background, I can crank out 20 listings and replenish my inventory.
I like the environmental aspect, too. A pair of vintage, 1950s suede kitten-heel pumps that might otherwise have found their way to the dump found a new home in Palm Springs, where the buyer would slip them on as the statement piece for her bachelorette night outfit. I made just $16 on the flip, but the real reward was keeping them out of the landfill and giving them a second life with someone who couldn't wait to wear them.
Reselling is an oddly satisfying mix of entrepreneurship, creativity, and connection. And yeah, there's the dopamine hit of finding a valuable flip.
What started for me as a decluttering spree became a reminder: what looks like trash might actually be treasure. Sometimes you find treasure. Sometimes you find people. If you're lucky, you find both.

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The Hill
28 minutes ago
- The Hill
5 ways Trump has shaped the economy in 6 months
President Trump sailed into the White House last year on confidence in his ability to handle the economy following 40-year high inflation and deep-seated financial frustration among voters. Here are the big economic hallmarks of the first six months of his second term, spanning taxes, tariffs, deficits, markets, and the dollar — and how they could affect regular Americans. Trade war 2.0 Trump has massively scaled up the reset of U.S. trade policy that he started during his first term and that was left largely in place during the Biden administration. While his country-specific tariffs have been pushed back to Aug. 1 and multiple sketches of bilateral trade deals have been announced, the overall U.S. tariff level is around its highest levels in a century, mostly due to tariffs on China. The tariff rate on China is now about 50 percent, according to different estimates, This is sparking concerns about a broader ' decoupling ' of the world's two largest economies. The Yale Budget Lab put the overall U.S. tariff level at 20.2 percent this week and Fitch Ratings put it at 14.1 percent last month. Total tariff rates have a large statistical range as they can be assembled and weighted in different ways. Trump and the White House have announced trade deals with China, Japan, Vietnam, Indonesia and the United Kingdom — but many specifics are still forthcoming. Tariffs have likely started to show up in consumer prices. The consumer price index (CPI) ticked up to a 2.7-percent annual increase in June from 2.4 percent in May, and tariffs are expected to drive it higher. Many economists — including those at the Federal Reserve — have cast the tariffs in stagflationary terms, meaning that they'll push prices higher while detracting from growth. Gross domestic product (GDP) contracted in the first quarter as importers pulled orders in ahead of tariffs. The Atlanta Fed is forecasting 2.4-percent annualized growth for the second quarter, which would be solid. Trump has pursued his trade war with the stated goal of bringing back outsourced jobs and boost household income, but there are few signs of this happening so far. Wage growth has fallen under Trump from a 4.2-percent annual increase in February to 3.9 percent in June. U.S. wage growth has stagnated over the long term. Accounting for inflation, purchasing power of U.S. paychecks grew by just over $2 between 1964 and 2018, according to Pew Research. The number of U.S. manufacturing jobs, which Trump has touted as getting a boost from tariffs, have been largely stagnant since February at 12.8 million. Tax cuts 2.0 Earlier this month, Trump signed $4.5 trillion worth of tax cuts into law, most of which were an extension of the cuts he signed in 2017. The passage of the president's tax-cut bill was a major win for Trump and the Republican Party, making it through Congress much faster than analysts had expected. Experts told The Hill they didn't think it would happen until the very end of this year, especially because the House and Senate were pursuing differing reconciliation strategies to get it done. However, the tax cuts were expensive and are expected to add substantially to the national debt. Excluding interest, the law will cost $3.4 trillion through the next nine years. That will be added to the total U.S. debt stock of about $36 trillion. Fights over the debt, which regularly require the acceptable limit to be raised by Congress, have resulted in a downgrade of U.S. credit worthiness by all the big credit agencies. Trump's tax law included a $4.1 trillion increase in the ceiling so the issue won't be a political one for the time being. Debt costs could be paid for by future reductions to social programs. The tax law will kick 10 million Americans off of public health insurance in 2024. While tax cuts are traditionally thought of as economically stimulative, the congressional tax scorer projected minimal growth resulting from the Senate's version of the bill at just 1.8 percent. The Congressional Research Service (CRS) found in 2019 that real wages increased following the 2017 tax law by 1.2 percent, an amount that smaller than the overall growth in compensation in those years. 'Ordinary workers had very little growth in wage rates' resulting from the cuts, CRS found. Asked what the main point of the tax law is, University of Michigan tax law professor Reuven Avi-Yonah pointed to its overall redistributive effects, which Congressional Budget Office analyses show to take resources from the poor to give to the rich. 'From a policy perspective, the main point is reverse Robin Hood,' he said in an interview. 'That's fundamentally there.' The decline of the dollar The U.S. dollar has declined precipitously in value relative to other currencies since Trump has taken office, a move that has flouted conventional economic thinking. Since inauguration day, the DXY dollar index has dropped 11 percent to 97.3 from 109.4 even as tariffs are now at near century-high levels. This has flummoxed analysts, who are venturing guesses about what's going on. While the dollar decline decreases the purchasing power of the dollar abroad, it could also bolster U.S. industrial production and the export sector in line with longer-term U.S. economic objectives. 'I'm a person that likes a strong dollar, but a weak dollar makes you a hell of a lot more money,' Trump said Friday. 'When we have a strong dollar, one thing happens: It sounds good. But you don't do any tourism, you can't sell tractors, you can't sell trucks, you can't sell anything,' he said. Top White House economists have also talked up the benefits of a weaker dollar. 'The reserve function of the dollar has caused persistent currency distortions,' Council of Economic Advisers chair Stephen Miran said earlier this year. Miran has argued in the past that 'persistent dollar overvaluation … prevents the balancing of international trade, and this overvaluation is driven by inelastic demand for reserve assets.' In other words, scaring investors away from the dollar may work to the U.S.'s advantage. Some analysts have compared the decline to the Plaza Accord, a 1985 currency agreement that devalued the dollar and reduced the trade deficit. The financial world is starting to see results. 'With the dollar now firmly back within our estimated fair-value range, we view the risks as more balanced than at any time during the last three years,' analysts for Vanguard said Thursday. Attacks on the Fed Trump's first six months have also been marked by vociferous and repeated attacks from the president on the Federal Reserve and Chair Jerome Powell. Trump reportedly went so far as to pitch the idea of firing Powell to GOP lawmakers last week before saying that it was 'highly unlikely.' While the Fed seems content to maintain its pause on cuts for now, Trump's aggressions have shown up in financial markets. More substantially, they've also changed the conversation on monetary policy. Economists have started to worry about a Fed that takes its cues from the White House, making it less independent and more susceptible to short-term political pressures. They're worried that the Fed could become more tolerant of inflation, which could lead to financial repression — when the inflation rate surpasses the rate of interest, leading to negative long-term returns on capital. Some supporters of the president have even questioned the 1951 accord between the Fed and the Treasury, whereby the Fed handles the money supply and the Treasury issues bonds. Former Fed Governor Kevin Warsh, who is often listed as a successor to Powell, floated 'a new accord' to replace the 1951 agreement. Warsh said the traditionally independent Fed and the Treasury Department could work together to communicate moves about the Fed's balance sheet. Markets down, markets up Stock markets took a dive at the outset of Trump's trade war and then rallied as different deals were announced, especially the one with China. The The market narrative spurred by the tariffs has reversed, and the S&P 500 index is now at all-time highs. Ownership of the stock market is heavily skewed toward the wealthiest Americans. The poorest half of Americans own just one percent of the stock. Despite the sizzling rebound in stocks, the bond market is still jittery, following a yield spike in April that prompted a course-correction on tariffs from the White House. Consumer sentiment as measured by the University of Michigan has rebounded from lows hit during the height of the tariff rollout, but is still quite a bit lower than it was before the pandemic. Business sentiment is still flagging in various polls, and the latest anecdotal survey of the economy by the Fed is filled with complaints about policy uncertainty. Markets are also processing multiple new pieces of legislation on cryptocurrency, which have classified digital currencies as forms of payment rather than assets.


Newsweek
an hour ago
- Newsweek
How Should Social Security Be Reformed? Seniors Consider 7 Options
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Social Security is facing a projected funding shortfall in less than a decade, and older Americans are weighing in on how the program should be reformed. According to the latest Social Security Trustees report, the program's two trust funds—the Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) funds—are projected to reach insolvency by 2034. At that point, benefits would rely entirely on incoming payroll taxes, resulting in an automatic cut of approximately 21 percent, unless Congress intervenes. The looming shortfall has sparked renewed debate about how to keep the program solvent, and a new survey from The Senior Citizens League (TSCL), one of the nation's largest nonpartisan seniors groups, shows that older Americans have strong opinions on the matter. Among 1,920 respondents over the age of 62, 50 percent support eliminating the cap on earnings subject to payroll taxes, making it the most popular reform option by a wide margin. Currently, only the first $176,100 of a worker's annual income is subject to the 6.2 percent Social Security payroll tax, which is matched by employers to make a total contribution of 12.4 percent. High earners pay no tax on income above that threshold. Removing this cap would mean those with higher incomes contribute more to the system. "Eliminating the payroll tax cap is one of the most straightforward and fair ways to strengthen Social Security," JB Beckett, founder of Beckett Financial Group, a financial planning firm in South Carolina, told Newsweek. "While it's not a silver bullet, incremental reforms like this could prevent across-the-board benefit cuts." Colin Ruggiero, co-founder of agrees: "Eliminating or lifting the payroll tax cap is widely seen as one of the fairest and most direct ways to improve the program's solvency." Composite image created by Newsweek. Composite image created by Newsweek. Photo-illustration by Newsweek/Getty What Do Seniors Think? While there is near-universal agreement that something must be done, seniors have differing opinions on how to solve the problem. After eliminating the payroll tax cap, the next most popular proposals in the TSCL survey included: Creating a fast-track process for Congress to vote on Social Security legislation (38 percent) Increasing the payroll tax rate (31 percent) Applying the 6.2 percent tax to investment income for high earners (29 percent) Less popular were more drastic or market-linked measures. Just 19 percent supported allowing the government to invest payroll taxes in stocks, bonds, or other assets. Even fewer—18 percent—supported raising the full retirement age to 70, while a mere 1 percent backed reducing cost-of-living adjustments (COLAs). Fifteen percent opposed all of the potential reforms TSCL presented. Low support for raising the retirement age and investing in the markets reflects deep concern among retirees about fairness and stability, experts said. "Raising the retirement age feels like a benefit cut, especially for people in physically demanding jobs or with shorter life expectancies," Ruggiero told Newsweek. "It essentially asks people to work longer for less." Beckett agreed: "Most retirees are skeptical of raising the retirement age, and for good reason—it can feel like a cut in benefits." Both experts acknowledged that longer lifespans and demographic shifts complicate the situation. When Social Security was created in 1935, life expectancy was around 63 years, meaning some workers never lived long enough to collect benefits. Today, many live decades into retirement, while fewer workers contribute to the system per beneficiary. What Comes Next? With the clock ticking toward insolvency, advocates say the window for less painful reforms is closing. "The sooner we act, the more options we'll have, and the less painful the adjustments will be," said Beckett. This isn't the first time Social Security has faced a financial crunch. In the early 1980s, the trust funds also came close to insolvency. In response, Congress enacted a series of reforms, including accelerating payroll tax hikes, gradually increasing the retirement age, and taxing a portion of Social Security benefits. Now, with similar concerns on the horizon, lawmakers are once again proposing solutions. Senator Sheldon Whitehouse of Rhode Island and Representative Brendan Boyle of Pennsylvania, both Democrats, have reintroduced the Medicare & Social Security Fair Share Act, which would apply payroll taxes to wages and investment income above $400,000. Meanwhile, Republican Senator Bill Cassidy and Democratic Senator Tim Kaine have proposed creating a new $1.5 trillion investment fund for Social Security. The Treasury would finance the fund, which would be invested in a diversified mix of stocks, bonds, and other assets aimed at generating higher returns over a 75-year period. The Treasury would be repaid at the end of the term, with the gains used to support Social Security benefits.

Business Insider
2 hours ago
- Business Insider
I paid $18.65 for an Etsy witch spell in hopes that 'extreme luck' could help me land an NYC apartment with laundry
I opted against the demonic misfortune curse. Sure, my seatmate on a recent flight made the regrettable decision to eat a whole fried chicken, but she doesn't deserve supernatural torment. It also wasn't worth the $40 price tag. I'm admittedly new to commissioning magic off of Etsy, a website I typically browse to pine after expensive home decor. I'm not big on ghosts, paranormal activity, or superstition. I am, however, curious. The Etsy witches are busy these days. Social media is peppered with people offering spells, testifying about their successful spiritual cleansings, and parodying mystic rituals. The US psychic services industry was worth over $2 billion last year, and that's projected to grow to $4.5 billion by 2033, largely due to online interest. If that projection is right, it's more than Americans spend on dog walking services today, but less than they spend on nail salons. While the recent success of digital hexes could be a sign that people are bored and leaning into internet trends, it also hints at something more serious. "Magic is among the things that people turn to when things are becoming uncontrollable, when things are becoming uncertain, when you know the normal methods you use to shore up your life and provide some certainty don't seem to be working anymore," Michael Bailey, a history professor at Iowa State University who specializes in medieval Europe and witchcraft, told me. I can empathize with that. I, too, have a lot of worries about my future and the world. So I spent $18.65 (plus tax) on a spell to bring me extreme luck. I'm not feeling especially unlucky right now — I have many people that I love, and my boss lets me write things like this during work hours. But it seemed like a reasonable price for some extra good fortune, and I would really like a New York City apartment with laundry in the building. Etsy witches work their magic on your career or love life for prices ranging from $4 to $400 Jamie Mejia, 31, lives in Miami and swears by her Etsy witch results. About a month ago, she enlisted one for a reading about her love life, which cost her about $5 for each question she asked. Mejia had sensed that her partner wasn't ready to commit to a serious relationship, a feeling the witch validated. She said it brought her the closure she needed to end things. When she returned for a second reading, Mejia received good news: 2026 will be a big year for her career and personal life. For prices that range from $4 to $400, the Etsy witches offer anything I might need. I could increase my chances for long-lasting beauty, a dream job, money, protection, warm weather, a perfect wedding, or a loyal sugar daddy. I could inspire an ex to call me or motivate a crush to ask me on a date. Curses were also on the table, including promises of "revenge, pain, and suffering" for my enemies, along with the aforementioned demonic misfortune. Most of the spells, including mine, had extra-long wait times due to a "high volume of requests." I chose to ignore the flood of AI-generated images of the alleged witches: several silvery-haired wrinkled women that didn't look quite human, videos of a sage cleansing ritual where the hand had extra fingers, and perfectly-arranged altars that were too good to be true. It seemed weird that many of the spells were on sale — is it possible to find your soulmate at a discount? For the purposes of this story, it was important that I trust the process. It's worth noting that magic has been banned on Etsy since the mid-2010s. Most of the sellers have disclaimers that their work is for entertainment purposes only. A representative for Etsy didn't respond to my request for comment. Based on the thousands of positive reviews and plentiful social media testimonials, however, there are true believers among the internet-magic curious. "Part of me obviously has lost faith when it comes to relationships, so knowing that it gave me a little bit of hope," Mejia said, adding, "I don't think it's fake, I think it's real." Turning to the mystical when other avenues to success seem blocked Meija told me that she's turning to witches to manifest companionship and job security in a tough market for both. Assuming most of the Etsy reviews are written by real people, she isn't alone. Many of the sellers have thousands of reviews and average between 4.5 and 5 stars. Some happy customers said spells helped them pass an exam, land a new role, dismiss a traffic ticket, have a sunny bachelorette weekend, or feel a little bit less stressed. Most said they are still eagerly awaiting their results. In the most recently available 2017 Pew survey of American adults, 41% of respondents said they believed in psychics, 42% said they thought spiritual energy could be located in physical things, and 29% said they believed in astrology. A 2019 IPSOS survey also found that nearly half of respondents said they believed in ghosts. My colleague Emily Stewart wrote about this last summer: It isn't new that people are willing to shell out money on magic. But the latest success of Etsy witches may be a sign of the times. Americans of all ages have told Business Insider in recent months that they're frustrated by long job searches, feeling nervous about finances, or holding off on big life decisions like having babies and starting a business because the economy feels unpredictable. Consumer sentiment markers dipped in July, and employees are less confident in their companies lately. Another Pew survey conducted last September found that 16% of adults feel lonely all or most of the time, with higher rates among Gen Z and millennials. Bailey said he isn't surprised that people are keen for an extra chance at financial stability, love, and relationships right now. "When you're feeling particularly uncertain, you're more inclined to the 'try anything' approach," he said, adding that magic has long been a way people try to "swing the odds in their favor." Thirty-six hours after I submitted my order, my witch sent me photo proof that my spell had been cast: an altar with a brightly-lit green candle, some crystals, and a couple of tarot cards. Over DM on the Etsy website, she told me I have "powerful support from the Universe," and the "The Luck Alignment Ritual" has been activated, "so it is done, Amen." All she needed from me was my birthday, two sentences about my intention, and a working credit card. We never talked, and I don't know what she looks like. That seems to be the case for most witches: you can order luck off the internet with a transaction that looks a lot like buying a Shein haul or bowl of DoorDashed pad thai. The whole thing felt spooky, and I'm not convinced Etsy magic is the healthiest way to cope with anxiety. But if I find an affordable apartment with laundry, I might be willing to credit divine intervention.