Additional income ideas

[japancool]

If you're unemployed, that'll be why

I'm not. You didn't state that being unemployed was a requirement.

 

[NickZ]

Any ideas would be much appreciated.

How is your networking, do you have a lot of people who follow you on some network?

 

[fisicx]

How can parents find time to earn extra money while still taking care of their children?

Plenty of time while they are at school or have gone to bed.

 

[ethical PR]

I'm a Head of HR in a company.

Not sure how much money extra, yet. Just an idea of wanting to have a side hustle.

Why am I doing this?

Additional income is never a bad thing. It's probably an age thing, but as I am approaching 40, I've recently started thinking about retirement and how financially secure we might be, so my goal is to start building a nest egg over the next 20 years or so that would allow us to slow down a bit as we're getting older. I don't want to wait until I am nearly 70 to be able to retire.

So, any additional income would go to a savings account/ISA to build up interest.

I am also mindful of the fact that I want to spend as much time as possible with the family and any additional income cannot be just directly correlated with working extra hours somewhere.

If I wanted to that, I could easily find an evening job somewhere.

Any passive income ideas?

You would obviously pay tax on any additional self employed income so it wouldn't go straight into a savings account you would need to set aside part of the income for tax

If you want to set up an HR consultancy and your contact allows for this then do your market research to identify what services you can offer and how you would market this service to clients you've identified as your target market .

 

[DoolallyTap]

Needs and wants are two completely different things, with a full time job your enthusiasm for something else to do in the evenings will dry up almost overnight.
If you really are keen on this 'side hustle' thing then, perhaps buy a couple of pallet returns and see what happens, see how long it takes before you give up.

 

[Lisa Cummings]

What tax bracket are you in? Would a third income push you to a higher tax threshold?