I’m a stay-at-home mum and I make £8k a month with my easy side hustle
A STAY-AT-HOME mum has revealed that she makes £8,000 a month from a side hustle that requires only one or two hours of work a week.
Tiffany shared an insight into her money-making hack via a video posted to her TikTok channel, where she is known as @myrich.era.
Tiffany said she makes £8,000 a month doing a little-known side hustleCredit: TikTok/myrich.eraShe said that most of her job is automatedCredit: tiktok/myrich.era
She revealed she she makes her money from affiliate marketing and explained that you can work as much or as little as you want.
The mum-of-one said it’s perfect if you are just looking to make an extra hundred or even thousands of pounds to boost your monthly income.
Tiffany explained that she started doing affiliate marketing a year ago when she was trying for a baby.
PASSIVE INCOME
Having previously worked as a wedding videographer she didn’t want to be away from her family every weekend, so decided to start something that she could do from home.
The mum revealed that the income she makes from her side hustle is passive, meaning that she has more time to “snuggle” with her baby.
She said: “This gives me the freedom to be at home with my kids.
“I only have to work one or two hours a week because I have so many automations set up.”
Affiliate Marketing involves promoting other people’s products online.
Affiliates get paid on commission, so every time someone buys something after clicking on a link Tiffany has directed them to through her social media, she receives money.
Tiffany is keen to help other people “get their time back” and so has set up a free masterclass to teach people more about how affiliate marketing works, and how you can automate it.
I’m a stay at home mum and make up to £2.3k a week with my side hustle
She also has a free eBook where she shares more information.
Tiffany explained that you do not need to have a lot of followers to promote people’s products, and just need to make high-quality content, so that the people that do see it, are eager to click on the links you have shared.
‘LOVELY INCOME’
The mum’s video has likely left many people impressed, as it has gone viral, racking up over 664,000 views on the video-sharing platform.
TikTok users raced to the video’s comments section to share their thoughts on the money-making hack.
One person said: “I love this.
“I’m on the journey to affiliate marketing too because I want to be a stay-at-home mum.
“We are trying to get pregnant now.”
Another person said: “I do affiliate marketing and it is a lovely income”.
A third remarked: “I am so happy I finally made the choice.
“I love working from home”.
A fourth said: “It’s so awesome that this is available now.
“I wish I had known this when I had my first child.
“Better late than never.”
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Do I need to pay tax on my side hustle income?
MANY people feeling strapped for cash are boosting their bank balance with a side hustle.
The good news is, there are plenty of simple ways to earn some additional income – but you need to know the rules.
When you’re employed the company you work for takes the tax from your earnings and pays HMRC so you don’t have to.
But anyone earning extra cash, for example from selling things online or dog walking, may have to do it themselves.
Stephen Moor, head of employment at law firm Ashfords, said: “Caution should be taken if you’re earning an additional income, as this is likely to be taxable.
“The side hustle could be treated as taxable trading income, which can include providing services or selling products.”
You can make profit of up to £1,000 a year tax-free via the trading allowance, but over this and you’ll usually need to pay tax.
Stephen added: “You need to register for a self-assessment at HMRC to ensure you are paying the correct amount of tax.
“The applicable tax bands and the amount of tax you need to pay will depend on your income.”
If you fail to file a tax return you could end up with a surprise bill from HMRC later on asking you to pay the tax you owe – plus extra fees on top.
