I’m a finance expert – easy side hustle earns me $50 per hour and you can get free products too... - The US Sun

Quick Read

TikToker johnsfinancialtips recently posted a video explaining the perks of mystery shopping as a secondary source of income.
1 TikTok user johnsfinancialtips discussed how mystery shopping can be a profitable side hustle John Liang, who runs the account, shares tips on how to save and make money with an audience of more than 2million followers.
He suggested mystery shopping as a side hustle because he said he's been doing it himself since high school and found success with it.
John said he used two platforms to find mystery shopping gigs: Intellishop and Best Mark.
Not only would the mystery shopping platform cover the cost of his meal, it would also pay him $10 for the review.

I’m a finance expert – easy side hustle earns me $50 per hour and you can get free products too... - The US Sun

A PERSONAL finance pro and social media influencer shared a side hustle that can earn people $10 to $50 per hour with minimal work. TikToker johnsfinancialtips recently posted a video explaining the perks of mystery shopping as a secondary source of income. 1 TikTok user johnsfinancialtips discussed how mystery shopping can be a profitable side hustle John Liang, who runs the account, shares tips on how to save and make money with an audience of more than 2million followers. He suggested mystery shopping as a side hustle because he said he's been doing it himself since high school and found success with it. Mystery shoppers are essentially like vigilante critics - they get tasked with observing stores or restaurants, trying certain items, and recapping their overall experience. "Basically, you get paid to go into a store, pretend to be a shopper, and write a review about it," John said. Shoppers typically have to use their own money to buy the meals or products they're reviewing, but companies will reimburse them and sometimes let them keep the products they purchased as well. John said he used two platforms to find mystery shopping gigs: Intellishop and Best Mark. While he doesn't mystery shop much anymore, John said one of his favorite jobs was reviewing Five Guys locations. Not only would the mystery shopping platform cover the cost of his meal, it would also pay him $10 for the review. John also highlighted a shopping job that paid $50 for buying and comparing wireless cell phones. Gigs can range from fast food taste tests to designer shopping sprees, and John said "you never know what you're going to get." Shoppers can sort through this randomness though since they choose which tasks they want to take on. Of course, any hustle that requires you to spend your own money upfront can be risky. If you want to try mystery shopping, make sure you sign up through a reputable company and have clear agreements on reimbursement before you start shopping. You should also keep full records and receipts of any expenses you incur while mystery shopping to ensure you get paid back in full. The tax implications of a side hustle Whether you work a side hustle in addition to a full-time job or juggle multiple part-time gigs, your earnings are taxable. Not only that, but you need to report your earnings from a side hustle or freelance job differently than you report standard income. A Form 1040 is required for those with multiple sources of income, as you have to list all your income on a single form. In addition, you'll need to file a Schedule C and a Form SE to report your self-employment taxes. If you have multiple streams of income, speaking to a tax professional can help you sort out what forms you need to submit and how to properly fill them out. The additional income may also move your household into a different tax bracket, which will impact how much you have to pay the IRS. Working a side hustle does allow you to claim more exemptions on your taxes, however, as you can report your expenses for potential tax deductions. You'll need to have proof of the money you spent on your side hustle though, so make sure to keep any relevant receipts for tax season. The Sun compiled a list of the best 10 money-making side hustles for 2022. The Sun also spoke to an Instacart shopper who makes $600 extra a month with her side hustle.
The Original Article can be found on The US Sun

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