The Power of a Dollar

A dollar–it’s made up of 100 cents. 100 copper (or copper-looking) coins with Abe Lincoln’s bust constitute a dollar. Many people think a dollar is pretty useless. Of course, there have been those Taco Bell commercials showing that a dollar can pay for a(n admittedly) small meal. I’ve had some comments on this site that have argued that a dollar a day in additional income doesn’t make that much of a deal in a person’s life. I would argue otherwise.

Teens can start making money today on sites like SwagBucks and CashCrate. Some naysayers complain that survey sites are pointless, but let’s get to the real point in these sites. They give people an opportunity to earn real money. Spending a few minutes every day can lead to at least a dollar. As long as this is surplus money for teens or adults, it can be very powerful.

I recently went onto an online savings calculator to see the value of a dollar per day over time. After a month, a dollar a day will add up to $30 and a few cents if put into a regular savings account. A year of earning a dollar a day more than what’s needed to handle expenses will yield a little over $365. Let’s say a teenager signs up for SwagBucks on their 13th birthday and earned a dollar a day, every day for the next three years. That would add up to more than $1,000 by the time they turned 16. This is where the process really starts to get fun.

A simple savings account will pay out about 1 percent (or even less) in interest per year right now. That means that each $100 invested will return $1 over the course of a year (with a few additional cents because of compounding). Once a person has $1,000, they can start to invest in a number of mutual funds. While these are not as “safe” as a savings account, over time, they tend to provide much higher returns. In fact, the S&P 500 routinely returns about 10 percent over a long period of time. A teenager will probably have 50 years before retirement (if they follow the crowd and spend most of what they earn). A relatively conservative portfolio can usually return around 7 or 8 percent over the long haul.**

I wondered what $1 per day would add up to if invested in a fund that paid 8 percent over a 50-year period. By checking with the online savings calculator noted above, a person could start with an initial investment of $1,000 at age 16 (the three years noted above) and then add $30 per month, every month for the next 50 years. If they could average an 8 percent return, which is quite possible based upon past history, their investments would yield a total balance of nearly $286,000 at age 66. This would be a great supplement to a pension, a retirement account, or Social Security.

While $1 per day for 50 years will add up to well over a quarter of a million dollars, an additional dollar per day will double that amount. Every dollar saved every day for 50 years would add another quarter of a million dollars. A teenager who started saving $4 per day, every day, for 50 years would wind up with more than $1 million by retirement age. That’s pretty exciting to think about. If a person could bring that return up to 10 percent per year, the dollar a day plan would add up to more than $600,000 over fifty years. That’s even more exciting to think about. You can go to this Bankrate calculator to play around with the numbers more.

While a get-paid-to or a survey site might not pay all of the bills of an adult, the additional dollar that can be earned can really pay off. A small investment compounds over time and add substantial income during your golden years. Compounded earnings are the best way to earn money in pajamas. If you’re looking to start earning an extra dollar (or five) per day, check out SwagBucks or CashCrate.

**Keep in mind that the long haul is different than any given year. For example, back in 2008-2009, the S&P 500 lost about 1/2 of its value in a very short period of time. It’s since gained back all that was lost and even gone on to new record highs. Many stocks will pay dividends each quarter that can ameliorate some of these losses in the share price, as well. Of course, past performance is no guarantee of future returns, so keep this in mind when investing and consult an investment professional to learn more.

Please note that I could earn a commission should you sign up for some of the programs listed on this site. I, as always, thank you for your support.

Final 2014 Online Earnings Report

I’ve spent the past couple of years writing this blog, with the first post coming nearly two years to the day prior to this one. In these two years, I’ve set online earnings goals. The first year, I came up short of my $5,000 goal. I set a goal of $450 per month in 2014. That was a total of $5,400 for the year. I came very close to meeting this goal during the year.

I started out the month of December with $4,777.11 in online earnings for the year. This is money that I’ve won while sitting in my recliner, while I’ve been in a foreign country doing short-term mission work, and while I’ve been sitting in a hotel room on vacation. This is over and above my regular paid work. I continued earning money in December. I earned through a few income streams. Here is the money I earned in pajamas during December:

Freelance writing: $466.62

Swagbucks: $50.00

Treasure Trooper: $20.27

This brought my total earnings for December up to $536.89, which was over my monthly earning goal by just over $86.  When I combine this money with the more than $4700 I’d earned through November, my final earnings for 2014 were exactly $5,314. This was just $86 less than my goal for the entire year, which was not terribly shabby, if you ask me. If I am able to keep this up for the next 15 to 20 years, it will definitely add to my retirement funds.

I am not planning to keep a diary of my online earnings after this point, but I think that I’ve at least partially been able to show that, yes, it is quite possible to make some money on the Internet without leaving home. While few people would be able to live on what I’ve made as a main income, this money definitely provides a nice supplement to my main job. I will continue to post other ideas for making money in the future.

November Earnings Report

November was one of the slower months of the year when it came to my online earnings. I continued to make some money, but the amount was a bit lower than most other months this year. I inched closer to my online earnings goal for the year by earning:

Freelance writing: $268.67

Swagbucks: $50

MTurk: $6.30

These earnings added up to $324.97, and this monthly total has my annual online earnings up to $4777.11, just over $600 short of my annual goal, which is definitely within site based upon some of my previous monthly earnings totals. I’ll be sure to update my earnings one final time before the end of the year to show whether or not I’ve made my goal.

I’ve Earned $1,000 with CashCrate

Earning money on the Internet without leaving home will usually require a few different income streams. One of the earliest income streams I found was the Get-Paid-To website CashCrate. Some people might wonder if CashCrate is a scam. I can definitely verify that the site is legit. Not only does it pay, I’ve been able to earn more than $1,000 in just over two years dealing with the site. Here’s the proof–a screenshot of my earnings page:

Here's the proof that I've made $1,000 on CashCrate

Here’s the proof that I’ve made $1,000 on CashCrate

CashCrate users can earn money in a variety of ways. Checking in on the site pays $0.03 per day, and there are frequently videos available to watch at $0.02 per pop. These are good to work with while doing other things. Multitasking can add to your stash of money over time. Filling out surveys and completing cash offers are more lucrative. CashCrate also has a solid referral program that can pay dividends for those who work at it.

New users can sign up for CashCrate and get a $1 bonus for their trouble. Payouts on the site start at just $20, and I’ve earned anywhere from the minimum to $300 in any given month. Your earnings will vary should you sign up, but I’m far from the leader as far as earnings are concerned. I’ve seen one individual with nearly $160,000 in earnings and another with about $70,000. While you will probably not get anywhere near this level, earning a few bucks a month for extra spending money or saving can be pretty easy to accomplish. Of course, perseverance is necessary, because sometimes it can be difficult to qualify for some of the surveys. Signing up friends and family can also pay off. I must confess that I’m always happy to cash the check I get from CashCrate. If you’re looking to earn more money without leaving home, sign up and give CashCrate a try.

**Please note that I could receive compensation should you sign up for the programs reviewed on this site. Should you choose to sign up, I thank you for your support.

My October Earnings Report Earning Money Online

We’ve now made it into November, the month with all of the turkeys and stuffing. There’s quite a bit to be thankful for. I’ve been able to successfully earn quite a bit of money online this year. I started the month of October with over $4,100 in online income through a variety of sources. As I have in all of the other months this year, I was able to make some more money in October. So, without further ado, here are my online earnings for the month of October 2014. Some was passive, but most was active. My goal is to increase passive income over time.

Freelance writing: $339.73

CashCrate: $34.01

Swagbucks: $25.00

MTurk: $4.90

TOTAL earnings for October: $403.64. My new total for the year is $4,452.14. I’ve already got some money in the hopper for November, so this total is going to increase. How much is still up in the air, but it should sail over the $5,000 level by the end of the year. My goal is to prove that making money online from home is possible, and I think I’ve done it. I’ve even gone over $1,000 in CashCrate earnings in just over two years.

Earning Money in Pajamas in September

I’m still plugging away at an attempt to make money online this year. I can’t go at the rate that some people do because of a full-time job. However, an hour or two a day can really add up to real money over time. How much I make depends upon how busy I am during the week. I set a goal early this year to see if I could average $450 per month over the course of an entire year. I’ve been above this level on a couple of occasions, and I’ve been below it at times, as well. I continued my work in September. July and August were slow months because of extensive travel in the US and Central America. Here are the streams that I drew income from in September:

Freelance Writing: $384.97

Swagbucks: $25.00

Total earnings for September $409.97

When added to my previous earnings for the first eight months of the year, which came to $3,738.53, I’ve now earned a total of $4,148.50 for the period January to September. I am nearly 77% of the way to my ultimate goal with 25% of the year left, which means I’m ahead of schedule. I’ll have additional streams of income this coming month, which will a good way to increase my earnings. How are you doing on your earning goals this year?

July and August Earnings Report

I’ve been tracking my online earnings for the past two years. Last year, I came up a bit short in terms of my goal. This year, I sat an ambitious goal that was higher than it was last year. My goal included $450 per month in online earnings. That equals out to $5,400 for the year. Through the first half of the year 2014, I was able to earn $2,904.95. I continued to work on earning money in July and August. Here are the combined earnings that I was able to bring in through online activities during these two months:

Freelance Writing: $756.08

Swagbucks: $50.00

CashCrate: $26.84

Qmee: $0.66

The total amount that I earned over these two months was $833.58, and this, when added to my earnings from the first half of the year, equals a year-to-date online earnings total of $3,738.53. That puts me at 69.2% of my online earnings goal with 1/3 of the year left. My goal has not changed, and I think it’s really looking as if it’s in reach.

Adding Qmee to Your Online Earning Options

In the past couple of online earnings reports that I’ve given, I’ve included a few cents here and there from a program called Qmee. This is one of those search and earn websites that I’ve written about before. I just came upon it in the past few month. It appears that the site shares the ad revenue that it gets from certain advertisers.

Getting Qmee added to your browser is pretty easy. You can sign up for Qmee here, and then you just download the program and it will add a little widget to your task bar like so:

Qmee Widget

The Qmee widget on my Chrome browser’s task bar

 

This is a screenshot of my Google Chrome browser. I’ve noticed no ill effects to my computer since downloading the program. You can search with just about any major search engine. I’ve been able to earn using both Bing and Google. When you use a search query that pays out, Qmee will add certain additional results that will pay out if you use them. Here’s an example of just such a search:

Qmee results

Qmee Search Results that Pay

Note that I will get 5 cents from visiting one of the sites listed. I’m a Marriott Rewards member, so I can then fumble around on there for a few seconds and earn a nickel. Are you going to get rich using Qmee? Probably not, but it is a legitimate way to earn a few bucks here and there for doing what you’re doing anyway. The coolest thing about Qmee is the ability you have to cash out at any time and at any level. If all I had in my piggy bank (yes, your funds are held in what looks like a piggy bank) was the 5 cents that I just got from clicking on Marriott.com, I could cash it out to PayPal right then. It would be in my account literally within minutes (I’ve checked). If you just click on the widget in the first image above, it will then look like this if you’ve signed into the program:

Qmee Cashout

How to Cash Out with Qmee

You can then click on the “cash out my piggybank” and then transfer the funds to PayPal. Again, this will not pay off your car next month, unless you owe less than $5.00, but it can add up to a bit of pocket change over time. If you wait all year to cash out, you might have enough for a meal, but hey it’s basically free money that you’ve been able to earn in your pajamas without leaving home while doing something you’d be doing anyway. Again, you can sign up for Qmee here.

Note: If you decide to sign up for Qmee, I can be compensated on your first cashout. I appreciate any and all support.  

 

 

May and June Earnings Report

I’ve been keeping up with monthly earnings reports for the past year and a half on this site, but alas, I have dropped the ball over the past month. Last month, I was away from home more than I was home, and my busyness kept me from posting a monthly report. Therefore, I’ve decided to combine the past two months into a single report that covers May and June. In case you haven’t read my previous updates, I’d earned $2,201.51 over the first four months of the year as I worked toward my ultimate goal of $450 a month ($5,400 for the year.)

So, here are my earnings from the past two months combined:

Swagbucks: $50.00

Cashcrate: $86.85

Hubpages: $54.30

Qmee: $1.62

Bubblews: $50.07

Freelance Writing: $460.60

TOTAL from May and June: $703.44

Total earnings for the first half of 2014: $2,904.95. I am nearly 54% of the way toward my goal of $5,400 in online earnings over the course of this year. I would point out that I’ve written about Bing Rewards on this site before. I continue to use this site, earning around 26 points per day through easy searches. I’ve been using the earnings for Swagbucks that can be transferred into PayPal cash and frequent flyer miles to keep my accounts current so that I don’t lose any miles. You won’t get rich on Bing Rewards or Swagbucks quickly, but they can definitely add a few bucks to your monthly income.  My hope is to make a few more bucks on here for July than the past few months to get ever closer to proving that I could fully fund an IRA on side Internet work. Summer is still in full swing, so find out how to earn some money on the side during summer here.

April 2014 Earnings Report

As I’ve already published on this blog, I’m trying to make $5,400 through online activity this year. Through March, I was well on the way to achieving this goal. I’d earned $1,743.20, which is nearly up to 1/3 of my annual goal. I continued my work during the Month of April. Here are my earnings for April 2014:

Freelance Writing: $432.48

Swagbucks: $25.00 (This includes 500 free Swagbucks from Bing Rewards)

Qmee: $0.83 ( A review of Qmee will be coming shortly, but you can sign up for Qmee here.)

TOTAL EARNINGS for APRIL 2014: $458.31

Total earnings to-date in 2014: $2,201.51

I am now well over 40% of my goal for the year with 66% of the year left to earn the remaining $3,300. This $450 per month is a great goal, because it could come very close to fully funding a Roth IRA for retirement.