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Best TikTok songs MAY 2022

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Name Best TikTok songs MAY 2022
Video Uploader Ola Mashups
Video Description Top List
Category Ringtone

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Money earning Tips

1. Invest

If you are looking to dip your toe into the share market, it’s important to first understand the basics of investing in shares and what risks are involved. To buy shares in a company, you typically need to go through an intermediary known as a broker, such as an online share trading platform. You can also choose to invest in the share market indirectly through a fund, such as a managed fund or an exchange traded fund (ETF). There are a growing number of investment apps appearing on the market that can help new and experienced investors trade in the stock market from the comfort of their home. Some of these include Raiz, StockLight, Sharesight and SelfWealth. Make sure you understand the fees involved in investing with these apps and read the terms and conditions. Before starting your investment journey it’s important to consider whether investing in shares is suitable for you, based on your situation. While share investing can be a way to potentially grow money over the long term, it is generally a riskier approach to take than putting your money in a savings account, and there is the potential that you will lose money. Keep in mind, too, that past performance should not be relied on as an indicator of future performance.

2. Become a translator

If you are fluent in two or more languages, you may be able to make money by doing online translation work. Some tasks may include translating telephone, video or website conversations or content, certifying and proofreading documents, providing subtitling or voice-over work, and creating multilingual designs or copy. Crowdsourcing platforms like Upwork and Freelancer have translator work you can bid for, or you can apply to offer your services through specific translation websites, such as Aussie Translations or ONCALL Interpreters and Translators.

3. Create online courses

If you are an expert or have years of experience on a certain subject or subjects, you may be able to monetise your knowledge by creating online courses for the public. For example, if you are a journalist, you may look to create a course on how to write a news lead or how to interview talent. You can create and sell your online course through your own website (if you have one) or through an existing eLearning platform, such as Udemy, Khan Academy, Udacity and Linkedin Learning (formerly Lynda.com).

4. Become a virtual assistant

Another way to make money from home is to complete tasks as a virtual assistant. A virtual assistant can work remotely and on a contract basis to help businesses with tasks such as managing and responding to phone and email enquiries, moderating forums, creating presentations or other online content, completing research, invoicing customers and completing data entry or bookkeeping tasks. Qualifications or experience in administration, project management, social media or communications may be an asset when it comes to securing a virtual assistant role. You can find virtual assistant jobs through online crowdsourcing platforms such as Airtasker, Freelancer, Upwork and Fiverr. According to job listing website Indeed, the average base salary for a virtual assistant in Australia is approximately $25.88 per hour. Considerations when earning money from home While working from home may bring greater flexibility to your working hours, and enable you to earn money to complete tasks or projects you enjoy, there are some financial considerations to think about before you make the leap.


When you complete your tax return, you will need to declare the income earned from any paid employment, as well as any income you have earned through the work you do at home, according to the Australian Taxation Office (ATO). Your tax will then be worked out based on your total income. At the time of writing, the tax-free threshold means that the first $18,200 that you earn is tax free. You will only pay tax if you earn above this amount. If you are a paid employee, your employer will automatically deduct tax from your pay packet. However, if you start your own business from home or complete jobs through the gig economy at home you will need to proactively manage your cash flow to set money aside for future tax bills. The ATO says that you can potentially claim deductions for expenses you incur from working from home. For example, if you are a freelance writer working from your home office, you may be able to claim deductions on a proportion of your home-office expenses (e.g. internet fees, computer or software expenses and office furniture). However, it is important to keep records of all your expenses, so you can use it as evidence when claiming a deduction. If your home is your primary place of business, such as through renting out a room on Airbnb, there may also be capital gains tax (CGT) implications. As there are a number of tax implications to consider when working from home, it may be a good idea to speak to a registered tax accountant to discuss exactly what tax you may need to pay and what deductions you may be able to claim.

→ Related: How a second income can affect your taxes

Superannuation When you work for yourself or start your own business, you are generally classed as a self-employed freelancer or contractor, and may not be entitled to super guarantee contributions. If you are not eligible to be paid super, you can still opt to make voluntary superannuation contributions to your existing super account instead. Other considerations If the work you do from home involves using a third party platform to advertise your services or bid for jobs, it’s also important to understand the terms and conditions, and fees and protections – including any insurance and privacy policies – that may apply for the platform. Digital platforms are not regulated in the same way as other forms of employment. Platform terms and conditions can often be amended, for example, at any time without notice, according to a major study, Digital Platform Work in Australia, which suggests “digital labour platforms appear to be highly problematic in relation to rights and protections for individual Australian workers”. To protect you financially from certain risks, you may like to consider some types of insurance that may be suitable including home insurance, public liability insurance and income protection. It could be worth checking what insurance, if any, is available through the platforms you use. Be sure to read the product disclosure statement and exclusions of any policy before you choose to take it out to ensure it provides the cover you require.

While there are a multitude of opportunities available to make money from home, it’s important to be aware that it can take time and a lot of hard work to earn a decent income from some ventures. It may also cost you a bit of money along the way to get yourself set up in your new side hustle, so take the time to research your money-making options carefully and evaluate whether they will suit your lifestyle and budget, as well as to consider if it might help to do a business plan.