Last week, I decided to use some money that I’d come into to buy some more stocks with my Loyal3 account. I had a total of $75 to invest, along with my first $2.62 in dividend income. I’ve decided to reinvest dividend income so that I can keep the dividend snowball adding additional dividend income, which is a great way to passively earn money in pajamas. As I’ve stated many times before earning money from home is a great thing. The more dividends I can amass over time, the more money I will make in pajamas.
Because you can only purchase whole dollar amounts from Loyal3, this meant that I had a total of $77 to invest. I have positions in five companies through Loyal3, so I decided to pretty much invest an equal amount in each. The exception to this was my position in Kellogg (K), which I just opened with a $25 investment. Therefore, I had $15 going to McDonald’s, Wal-Mart, Apple, and Coca-Cola. I decided to reinvest my dividend income into Kellogg to help this investment catch up in terms of my total capital outlay. My purchases added the following amounts to my positions:
While this might not seem like I’ve added a great deal to any of these stocks (and that would be a correct assessment), it nonetheless is just another brick in the dividend wall that should help with my expenses as I age. My goal is to supplement any pensions, 401k accounts, and social security payments that I might get. My additional estimated annual dividend income from each of these purchases are:
Therefore, these small purchases of additional fractional shares of five large cap, blue chip companies add a total of $2.25 to my annual dividend income. My total expected dividend income from my Loyal3 and TradeKing portfolios is now up to $48.53. While this might seem like a pitiful amount of money, it takes time and invested capital to get this income up. Were I not to put any more capital to work in the next year, I should see a bit of an increase from dividend increases. As of now, I’ll average just over $4 in dividend income each month. However, my goal is to add to this as funds become available so that I can earn more money in pajamas because passive income is the best income.
There are tons of blogs and websites dedicated to the concept of moms working at home. Also known as WAHM, work at home moms are becoming an ever-larger subsection of the population. Some of these WAHM are able to earn a substantial chunk of change while staying home with the kids.
Women are not the only ones who can make money from home in their pajamas. Dads can also spend time working from home to supplement the family income. Even if they have a full-time job, most dads will not be working every minute of every day. Most parents spend some time in the evening relaxing in front of the television. There are several ways that these folks can earn a few bucks during commercials or between plays. There is usually about 45 seconds between plays in football or pitches in baseball.
During the fall, I remember watching a college football game one afternoon. I also made about $4 while watching by doing a few things on Cashcrate while . This may not seem like a huge amount of money, but it is $4 that I would not have had if I had just watched the game without multitasking. Another easy way to earn a few bucks while watching games on the couch is through Swagbucks. A few searches will usually earn some bucks that can be redeemed for merchandize or, more popularly, e-gift cards to retailers like Wal-Mart or Amazon.com or PayPal cash. I have previously given a review of CashCrate and a review of Swagbucks and how you can earn on these sites.
Earning money is not the most important thing in life. Parents should also try to spend time with their children and enjoy each others’ company. However, making a few extra bucks can really help those who have a very tight budget. CashCrate and Swagbucks are just a couple of ways that families can improve their cash flow every month. They are not, by any means, the only way that dads can provide some extra income for their families. There are any number of other sites and methods that fathers can utilize to help out with the family budget.
These methods are fairly entrepreneurial, and they can frequently lead to thinking outside the box. People who begin to think of many ways to achieve their financial goals are usually more successful in meeting them. A 9-5 job is not likely to lead to much financial freedom. Working at home in the evenings and on weekends can provide the income boost needed to improve the level of financial freedom for any family, and dads can take the lead.