A stay-at-home mum has revealed she earns £8,000 a month from a side job that only requires her to work an hour or two a week.
Tiffany shared her insights about money-making hacks through a video posted on her TikTok channel known as @myrich.era.
She revealed that she earns money through affiliate marketing and explained that she can work as much or as little as she wants.
The mum-of-one said it was perfect for people who just wanted to earn a few hundred more pounds, or, like her, a few thousand pounds a month.
Tiffany explained that she started affiliate marketing a year ago when she was about to have a baby.
She said she used to work as a wedding videographer, but didn't want to be away from her family every weekend, so she decided to start something she could do from home.
The mother revealed that the income she earns from her side job is passive, meaning she has more time to “cuddle” with her baby.
She said: “Now I have the freedom to spend time at home with my children.
“We have so much automation set up that we only have to work one to two hours a week.”
Affiliate marketing involves promoting other people's products online.
Affiliates receive commissions, so Tiffany receives money every time someone buys something after clicking on a link Tiffany directs them to through social media.
Tiffany wants to help others “take back their time” and has set up a free masterclass to teach you more about how affiliate marketing works and how to automate it.
She also has a free e-book that shares more information.
Tiffany explains that you don't need to have a lot of followers to promote someone's products, you just need to create quality content that people will want to click on the links you share. did.
The mother's video has gone viral and must have touched many people as it has racked up over 664,000 views on the video sharing platform.
TikTok users flooded the comments section of the video to share their thoughts on the money-making hack.
One person said, “I love this.
“I am also in the middle of my affiliate marketing journey because I want to be a stay-at-home mom.
“We're trying to get pregnant right now.”
Do I have to pay taxes on my side job income?
Many people who are short on cash use side jobs to increase their bank balance.
Fortunately, there are many easy ways to earn extra income, but you need to know the rules.
If you are employed, the company you work for collects tax from your income and pays it to HMRC, so you don't have to pay it.
But those who make extra cash by selling things online or walking dogs may need to do it themselves.
Stephen Moore, head of employment at law firm Ashfords, said: “You need to be careful if you are earning additional income as it is likely to be taxed.”
“Side jobs may be treated as taxable trading income, which may include providing services or selling products.”
Trading limits allow you to earn up to £1,000 a year tax-free, but above that you will usually have to pay tax.
Stephen added: “To ensure you are paying the correct amount of tax, you should register for self-assessment with HMRC.
“The range of applicable taxes and the amount of tax you need to pay depends on your income.”
If you don't file your tax return, you could end up with a surprise bill from HMRC at a later date asking you to pay the unpaid tax and additional fees.
Another said, “I do affiliate marketing and make a great income.”
A third person said: “I'm so happy that I finally made this choice.
“I love working from home.”
A fourth said: “So amazing 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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