A STAY-AT-HOME mum has revealed that she made thousands of pounds a week from her side hustle, and all she has to do is post to social media.
Mum-of-one Natalie shared details of her side hustle via a video posted to her Tiktok channel.
2
She revealed that she used to work for £12 a hour in an Amazon warehouse, but decided to change her life around after she had a child.
“I can’t even imagine living on such a modest income now”, she said.
Natalie revealed that she makes her cash simply by posting videos to her TikTok channel.
She shares videos of food recipes beauty hacks and insights into her daily life.
TikTok users with over 100,000 followers can get paid for the content they produce via it’s Creator Fund and you can also make money through advertising and sponsorships.
Anyone can set up a TikTok account and get started, and Natalie sells a guide on how to make cash through the video sharing platform for £12.
Natalie revealed her weekly earnings in the video.
She made £451 on Monday, £981 on Tuesday, £547 on Wednesday, £67 on Thursday, £99 on Friday, 211 on Saturday and £195 on Sunday.
All together, she made over £2000 in one week just for posting short videos online and was able to spend the rest of her time with her family.
She said: “I’m so grateful to myself for starting TikTok a year ago.
“It has greatly changed my life and my way of thinking.
“Money comes more easily when you’re not working for someone else and you choose the right path.”
Natalie’s video, which was posted under the username @natalie.be.be has likely left many people impressed, as it has racked up over 5.3 million views on the video sharing platform.
TikTok users raced to the video’s comments section to share their thoughts.
One person said: “So motivating”.
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.
Another person said: “This is my goal”.
A third said: “So happy this came across my feed!
“I’m currently a burnt out healthcare worker.
“This is my sign.”
A fourth remarked: “I just went back to work and would love to just stay home and raise my baby and make money while doing it.
“The dream.”
Fabulous will pay for your exclusive stories. Just email: [email protected] and pop EXCLUSIVE in the subject line.