A WOMAN has revealed how she’s able to buy a house at just 23 after allegedly making an eye-watering £200k in just ten months.
Prior to raking in a fortune, Elizabeth – who after being traumatised by – was hoping to make an extra £1,000 more a month from her phone.
Elizabeth decided to take matters into her own hands and change her lifeCredit: TIKTOK/@digitalmarketinglib
At just 23, the cash-savvy Brit is now able to buy a house – all thanks to her lucrative side hustle that’s really taken offCredit: TIKTOK/@digitalmarketinglib
But less than a year later, the 23-year-old Brit has made hundreds of thousands and has since quit her 9-5 after living “.”
The cash-savvy TikToker took to to share more about how she generates the astronomical income – and it’s all thanks to a wallet-friendly £67 investment.
”I was so sick and tired of working 9-5, living my life for someone else, being told when I could have a lunch break,” Elizabeth told her TikTok followers.
As a result, Elizabeth decided to take matters into her own hands and change her .
Determined to earn cash without being tied down, Elizabeth discovered – products that are created, distributed and consumed in an electronic format.
Digital products refer to digital files that buyers can purchase and download instantly.
Examples include printable art, digital planners, e-books, stock photos and more.
According to Elizabeth, she forked out £67 for a one-time fee on a digital product – which she could then resell ”over and over again for 100% profit”.
She went on in the video : ”I didn’t even have to make it.
”This is exactly how I made my first £100,000 – I’ve expanded and have made my own products since.”
These products, she explained, you can either create yourself on an app called Canva – or simply buy one created for you and then resell for profit.
”Now, I’ve made over £200,000 from buying that one £67 product
”It completely changed my life – I’m only 23, I’ve been able to save up for a house deposit.
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 online or 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 could be treated as taxable trading income, which can include providing services or selling products.”
You can make a gross income 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 to ensure you are paying the correct amount of tax.
“The and the amount of tax you need to pay will depend on your income.”
If you fail to 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.
”I’ve paid for my sister to go travelling for six weeks and I’ve bought things at 23 I never thought I’d be able to buy in a lifetime,” said Elizabeth who posts under the username @ digitalmarketinglib .
”Your sign to start that side hustle – this is it,” said the TikToker who kickstarted the journey ”as a total beginner with no experience”.
The inspiring story has clearly left many open-mouthed, as it’s racked up close to 60k views and more than 1,000 comments.
One person said: ”You’ve done so amazing, well done. I’m quite early in my digital marketing business and really hope I can do the same.”
”Fantastic!!I am ready too!” another chimed in.
