Get Money from Second Job/Passive Income

CharityCase on 23/05/2017 - 18:41

Hi guys, I'm currently working in an airline, 3-4 days per week (with two days at weekend) and normally finish the job before 11 am so I have a lot of free time, now I really want to find a second job or get some extra money from passive income sources. Can anyone share some ideas?

about me:

  • male 27, not married, no kids
  • degree of accounting and finance (not interested in this field though)
  • worked for two airlines in 3 years (never changed industry)
  • have driver license and car
  • bilingual (English and Chinese)
Education & Work

Comments

        • jenkemjunkie on 25/05/2017 - 11:05
          -2

          @Baysew:

          Find me an instance where someone incurred penalties and was found to have made a false and misleading statement in regards to claiming the tax free threshold on two jobs even though they have met their tax obligation.

          Good luck

        • Baysew on 25/05/2017 - 11:32

          @jenkemjunkie: I haven't got access to that. I guess you must be right then. People should lie on Declarations to the ATO.

        • jenkemjunkie on 25/05/2017 - 11:38
          +1

          @Baysew:

          Yes you do. Search on the ATO legal database or the private rulings register. You'll find nothing there. You'll also find nothing enshrined in legislation.

          The commissioner would not be stupid enough to waste a courts time and incur costs trying to enforce a 'penalty' on a tax payer that although they met their tax obligation they claimed the tax free threshold on two jobs.

          I guess people should blindly follow the non enforceable rules and effectively give the ATO an interest free loan until you get a tax refund.

        • Baysew on 25/05/2017 - 11:40
          -2

          @jenkemjunkie: I have already agreed with your recommendation that you should take every opportunity to lie and cheat.

        • jenkemjunkie on 25/05/2017 - 12:10
          +1

          @Baysew:

          It only is with your colour by numbers approach to legal inquiry

    • Aussie Smurfette on 24/05/2017 - 09:10

      I hope people do not believe e everything they read on here 🙄

      • altomic on 24/05/2017 - 09:25
        +13

        I hope people do not believe everything they read on here

        well, now I'm confused

        • ozbjunkie on 24/05/2017 - 18:09

          This comment is a lie

    • jacross on 25/05/2017 - 09:52

      This is incorrect. The income from your second job is taxed at your marginal tax rate. The amount that is withheld depends on whether you submit your PAYG form and what you tick.

  • Aussie Smurfette on 24/05/2017 - 09:12
    +4

    Contact the tourist companies that run through the airport. Bilingual is great for the Chinese tourist buses.

  • Ralovesonlineshoppin on 24/05/2017 - 14:50
    +4

    I don't know if there is an opportunity to make a lot of money doing this or not but have you noticed on ebay how many of the Chinese sellers struggle with translation when adding descriptions and titles to their products. I will give you an example of one I saw recently. It was for lip balm and they described it as labial horniness remover. I think they were trying to say that it stops Dry lips. I don't think they will get a lot of hits with those keywords . There are probably millions of other listings that got lost in translation. You could try contacting some of the bigger Chinese sellers and offer your services.

    • ozbjunkie on 24/05/2017 - 18:10
      +3

      Must have mixed up with their other add for hand cream

  • WreckTangle on 24/05/2017 - 19:51
    +1

    How come you're not interested in working in the field you trained in?

  • vetopower on 24/05/2017 - 20:48

    Online poker

  • belongsinforums on 24/05/2017 - 21:33
    +1

    how's your current job? I'm looking for a career change.

  • LittleKatie on 24/05/2017 - 23:40
    -7

    whats a driver license?

  • KLoNe on 25/05/2017 - 07:03
    +1

    Code

    • Frankenbeanie on 25/05/2017 - 09:36
      +1

      requires training to code

  • idonotknowwhy on 25/05/2017 - 09:32
    +3

    In my experience:

    1. Altcoin trading (easy to learn, easy to make money, easy to lose money)
    2. Create a SaaS product (hard work, but once built, you can earn a passive income off it, most of the work becomes Tax, invoicing, accounting after this)
    3. Browse tasks on Airtasker (Quick cash. Can pick these up whenever you see something you're able to do, and have free time)
    • Frankenbeanie on 25/05/2017 - 09:38

      what website do you use for 1 ?

      • idonotknowwhy on 25/05/2017 - 10:29

        Mostly bittrex for trading
        I use cryptopia for some of the very low-volume alts
        And I sell to AUD via coinjar

        Used to use bitfinex, but they got hacked and took some of my money
        Used to use polonix, but they're having major issues right now

        • Frankenbeanie on 25/05/2017 - 11:23

          Thanks for the info .

          Does cyptopia let you buy alts with cash ?if not then where do you buy the alt coins from ? or do you get alts by exchanging with bits ?

          I am having trouble finding a way to buy altcoins . I found coinspot.com.au but they are having so many issues verifying my account even though i supplied what they asked for.

        • idonotknowwhy on 25/05/2017 - 12:44

          @Frankenbeanie: The easiest way to do it, is to buy Bitcoin (BTC) first, then send it into one of the exchanges (bittrex, cryptopia, livecoin, etc).

          From there, you can trade BTC/(your favourite ALT)

          I tend to build up as much BTC as I can, and then sell some in coinjar.io -> AUD -> my bank account, when I'm done

          I'm not interested in this, but:
          A lot of them let you do USDT/(your favorite ALT) and USDT/BTC
          USDT is not actually real USD, it's an altcoin tethered to the USD price. So you're effectively holding USD, provided the company which owns that coin, is still around.

        • Frankenbeanie on 25/05/2017 - 13:36

          @idonotknowwhy:

          appreciate all the insight. it does seem to be better doing it this way.

          just one last question , where do you mostly buy btc from ? coinjar or any other place. the prices seem to vary alot so just wondering where do you get yours from .

        • idonotknowwhy on 25/05/2017 - 14:08

          @Frankenbeanie: Mostly from mining. Some from coinjar. There might be better prices at alternatives to coinjar.
          I also do:
          - Gumtree sales accepting bitcoin
          - Split-bills for lunch, people can pay me back in bitcoin
          etc

    • patthecat on 31/05/2017 - 12:27

      I am just wondering how much money you can possibly make from Altcoin trading?

      • idonotknowwhy on 31/05/2017 - 12:59

        Depends how much you put in. Had I put every single cent of my leftover salary into it each month, I'd be retired by now. I had no way of knowing though :(

        • patthecat on 31/05/2017 - 16:38

          Obviously I need to a lot of research but can I ask why the opportunity is no longer there for you - is this a limited time thing a bit like sports arbitration? Cheers for the reply.

        • idonotknowwhy on 31/05/2017 - 16:41
          +1

          @patthecat:
          I didn't put all my savings into altcoins when I started, because I didn't want to risk losing everything. In hindsight, I'd be rich if I'd done exactly what I did, at a larger scale.

          The opportunity is still here. I can't predict the future though, so once again, I'm only putting in what I can afford to lose.

          http://coinmarketcap.com

          Sort by % change in 24 hours. There are coins there which have doubled in price today. There are also coins which have lost 30% (and today is a good day).

          Plenty of money to be made, and lost :)

  • Frankenbeanie on 25/05/2017 - 09:37
    +1

    rent out your car on carnextdoor for passive income.

    • jellykingdom on 25/05/2017 - 14:20

      I've considered that in the past

      • Frankenbeanie on 25/05/2017 - 14:59

        I was considering it too after reading a news article about someone who makes 1000 a month by renting his car on this platform, but this isnt available in my suburb yet.

        http://www.news.com.au/finance/money/costs/this-guy-makes-10…

        • jellykingdom on 25/05/2017 - 15:12

          Ditto, that's the only reason i didn't at the time. And now i actually need to drive my car to work, so its unlikely I'll be doing this anytime soon

  • centrelink on 25/05/2017 - 10:20

    If you want passive then wait for Amazon to come to Australia and fill their warehouse with your stock. After that it's just waiting for your item to be sold and Amazon to do the rest… Or you could fail and sell nothing

    • CharityCase on 25/05/2017 - 12:08
      +5

      Actually I found the answer from your ID, cheers!

      • centrelink on 25/05/2017 - 13:25
        +2

        Not really, you will still have to actively seek jobs and then wait in a queue.. Not passive at all

  • Vanit on 25/05/2017 - 10:31
    +1

    If you're talking passive income you might like to look into teaching yourself web development.

    • Hamlet on 25/05/2017 - 17:53

      Is that going to have high demand soon? Being a freelance web developer?

      • Vanit on 26/05/2017 - 11:26

        Sorry I should've been more specific - he could teach himself web development so he could make a paid automated service that generates a passive income.

    • leTintin on 25/05/2017 - 22:42

      Not sure how that is passive, maybe teaching web design is..

      • Vanit on 26/05/2017 - 11:25

        Passive in the sense that you can make your own online service that people pay for thats self automated. This is very common.

  • TurkishDelight on 25/05/2017 - 11:04
    -1

    Find sugar moms

  • hockey on 25/05/2017 - 11:41
    -7

    Email me privately and can discuss a few option if you're intrested

  • rave75 on 25/05/2017 - 11:54
    +1

    Since you have degree in accounting and finance, be a tutor? Advertise yourself on gumtree and in some uni too perhaps. You should be able to get $30 at least.

  • joshykins on 25/05/2017 - 12:43
    +3

    If your english s as good as it seems, you gotta use your bilingual skills somehow.

  • BelieveBecome on 25/05/2017 - 13:23

    Would like to see if I can help you out in some way. PM me if you're still looking.

    • WhatWouldBiggieDo on 26/05/2017 - 16:40
      +2

      Sounds creepy

    • No ONE on 28/05/2017 - 11:52

      People with this type of response are usually the one who drag people into paramid sort of businesss called work from home social media bullshit. Why so secret buddy?!

      • xoom on 28/05/2017 - 12:09

        he got the winning lotto numbers and only want to split it with one other person.

        or he got a direct hotline to the nigerian prince.

  • frostee on 25/05/2017 - 13:36

    I'd spend some time doing surveys and competitions. At least you can work at your own pace and not stress about a 'second job'. I used to do this while working at an office job when there was nothing to do (often). Double income!

    • CharityCase on 25/05/2017 - 15:39

      That's an interesting option! Just curious how is the return?

      • frostee on 25/05/2017 - 15:44

        For surveys it is predictably low - I used to use MyOpinions a lot and sometimes you get good surveys worth like 80 bucks that say they will take like 12 hours but really you could knock it over in a couple.

        Competitions are probably more 'fun' and you CAN win some decent stuff from time to time. Just make a junk email address and keep a spreadsheet with your entries so you known when it is drawn etc.

        I like to mix up the two. At least you don't have to interview or find a job, you could start on this tonight if you wanted to.

        • CharityCase on 25/05/2017 - 16:33

          I will definitely start doing this, it's easy to get a junk email address however some competitions require detailed personal information like phone number and addresse, how do you manage to not to get spammed?

        • frostee on 25/05/2017 - 16:49

          @Artofbargain:
          Check the competitions T&C's for how they draw the winner. Most of the time they will email you rather than calling so I'll just give a dud mobile number (my own one but change one digit).
          Stick to reputable looking competitions, check out www.competitions.com.au
          I recommend disabling the junk mail filter too. You'll get loads of spam anyway it's worth sifting through just in case
          If you are good at it, 25 words or less competitions are a good bet, less entries and sometimes better prizes

          I've won a few things over the years, mostly smallish things like gift vouchers. I've also won some good stuff like expensive concert tickets and a sound bar. Remember you can always sell it if you don't want it.

        • idonotknowwhy on 25/05/2017 - 17:07
          +7

          That sounds like such a waste of time…

      • johnno07 on 25/05/2017 - 16:54
        +10

        I tried doing this for a while. Was absolutely not worth the time investment.

        • idonotknowwhy on 25/05/2017 - 17:08

          That's what I'm thinking.
          You could make so much more money, and do something so much more enjoyable in that time.

        • frostee on 25/05/2017 - 17:21
          +1

          Possibly. I haven't scored that big before but, spread your chances and you never know one day you might win a car, big holiday etc.

        • Windows7forever on 28/05/2017 - 08:58

          @frostee: it's the invasive profiling questions that these marketers are building up about you that turned me right off this stuff.

  • sleet on 25/05/2017 - 14:57
    +1

    I'm in a very similar situation. Getting good ideas from everyone here. I work 4 days a week. 1 day I pretty much do tutoring and the other two I am free. Still need my me time of course.

  • chazfg on 25/05/2017 - 18:13

    Invest in properties and run them as AirBnb
    Become AirBnb host and look after other people's property (probably a good start for experience in property management)
    Invest in share market or trade in share market

    With the "ghost" property tax, Sydney rental market should get a small bump as people will start looking for tenants. There will be an increase in cash tenants as well with "unofficial" property managers

    • CharityCase on 25/05/2017 - 21:08

      Are you talking about subleasing the property?

      • chazfg on 26/05/2017 - 08:33

        Not necessarily subleasing. You can rent out a whole house to Airbnb.
        "Airbnb host" (look this up) is a good start as you don't need to own a property. Similar to Airtasker, you will be looking after someone else's Airbnb property for a cut of the rent. As a host you will meet and greet the tenant and arrange for cleaners after.

  • tajid on 25/05/2017 - 21:00
    +1

    Survey sites, pretty much pay most of my groceries just from that.

    • virhlpool on 03/06/2017 - 23:28

      How much do they pay per survey typically?

  • xabiso on 25/05/2017 - 21:36
    +1

    Be active on Instagram/Twitter. Share what you love about each place you get to visit. Blog/Vlog as a reviewer/traveller. Gain some fans/follower, grow you influence. Once you are big enough, brands will go to you.

    • Ughhh on 26/05/2017 - 00:09
      +14

      Would help if you're hot and female.

      • xabiso on 26/05/2017 - 12:43

        perhaps sign up to be a mystery guest at hotels/restaurants/cruise

  • Shame on 25/05/2017 - 21:38

    work hard at something you enjoy

  • gimli on 25/05/2017 - 22:02

    I think skilling up is the way to go if you don't need money right now. Do you or will you have money to invest.

    What I wish is that I had spent more time learning about investing in shares/futures.

  • Kuro on 25/05/2017 - 23:10
    +3

    Arbitrage betting. Get bonus bets and convert them to cash. You studied finance so should get it in no time.

    • Briefcase Mong on 27/05/2017 - 13:47

      Not if you live in NSW you can't get bonus bets off bookies

      • Kuro on 27/05/2017 - 15:35

        Some of then work. Call them up and ask before u join. Theyll manually do it for u

  • SpaceNinja on 25/05/2017 - 23:49
    +4

    Sell home-made prawn.

  • Splashtash on 26/05/2017 - 02:28
    +1

    Just some ideas ey

    RSA - easy to get card + work -always handy - the rsa one in nsw with the card lasts like 5 years with a photo ID.
    Hhite card- easy construction jobs on the side but be cautious of health issues
    Tag and tester pays alright - just need a license +　machine which can be expensive but I think the pay can be alright $2-3.50 per item tagged? but is repetitive.

    Best option in my opinion is what others said. Dont work but find out what you could do in the long term with your future rather then wasting time on shitty jobs. Too many people get tied into working a lot and having no time in finding out what suits them.

    GL

    • bargainbargain on 26/05/2017 - 05:56

      What's RSA and HHite card?

      • xoom on 26/05/2017 - 08:10

        Rsa = responsible service of alcohol.

        Required for those premises that has a liquor license that its staff has this.

        Not sure what hhite card is though.

        • manshrew on 26/05/2017 - 11:54

          It's meant to be white card, allows you to benefit as if you were born a straight, white male.

    • Splashtash on 29/05/2017 - 19:46

      White card- sorry lol

  • PAOK11 on 26/05/2017 - 09:04
    +1

    Do you regret doing your degree ?

  • PAPower on 26/05/2017 - 13:06

    Sport data reporting.

    Easy job but need good attention to details as well as knowledge of sports.

    Average rate is around 30-35 euro per hour (net). High season of sport you can get up to $500 per weekend. My portfolio now consists of 5 sports and almost weekends & 3 weekdays nights are always booked out. I have a day job earning median income.

    The best thing is only little risk involved. Basically you need to drive to stadium, watch sport, report it live and get big bucks. However, you won't get much if your stats are wrong.

    • banzini on 26/05/2017 - 13:55

      you're located in Sydney, I note you referenced euro / hr.

      Do you report on sport in NSW or elsewhere? pm more info? thanks

      • PAPower on 26/05/2017 - 19:23
        +2

        all I can say is to google 'sport data reporter' and start applying matey. I've been with this for 4 years and seriously, to get to $400-500 a weekend, you need a lot of effort, at least giving up your weekend lifestyle. Now I'm back with usual weekend just as anyone else, feels just great!

        • banzini on 27/05/2017 - 10:06

          Thanks very much 🙏

        • banzini on 28/05/2017 - 14:23

          courtsiding?

  • starspawn on 26/05/2017 - 14:54
    -1

    Male escort

  • drfuzzy on 26/05/2017 - 18:29

    Consider participating in a clinical trial for healthy volunteers.

    You will be helping medical research. The trials are paid.

    It looks like you are in Sydney and there is a brand new clinical trial centre opening this year.

    • CharityCase on 26/05/2017 - 19:34
      +1

      I don't want to be human guinea pig to get that money…

  • [Deactivated] on 26/05/2017 - 23:59
    +1

    A few more ideas:
    - Work for a premium phone line service: phone sex, friendship, psychic services
    - Respond to a few of those make 2k/week working from home ads on gumtree/facebook
    - Find free stuff on the street and try to sell on gumtree/ebay
    - Scalping hot even tickets

    • cybapete on 27/05/2017 - 06:19

      the scalping one seems pretty doable some of the markups on seinfeld and adele tickets were insane!

  • sp3ctr41 on 27/05/2017 - 08:37

    What makes working early morning/night shifts at an airline for three years without any hope for progression more interesting than working a day role in accounting and finance? Not judging or anything, just really curious..

    Your young, if I were you, I would find a role in the field your qualified for that will allow you to pick up new skills for something you want to transition into later on. Ideally, try to get into a big company. This will allow you to request/transition into entrant level roles in fields you have virtually no experience in later down the track.

  • GregMonarch on 27/05/2017 - 14:39

    Do a course that's equivalent to one of those 'insert these blocks into those holes' certificate courses, and then you can abduct and destroy the health and families of children on behalf of government (which shh… isn't still continuing the stolen generation, is it? Yep.):

    https://www.change.org/p/malcolm-turnbull-bring-chase-walker…

    • greatlamp on 27/05/2017 - 19:19

      Are these the parents who have their kid cannabis oil and cut off his medication?

      "A reaction to vaccinations within hours of his birth"

      What vaccinations are given at birth?

  • love2buy on 27/05/2017 - 15:37
    +1

    how about making youtube videos. film once and money keeps rolling in.

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