Money August 2017

How I Made Money Online In August 2017


In addition to the monthly post where I review my passive dividend income, my favorite post is the one where I look back and total up the money I made through online activities for the previous month. I love both of these posts. They might look back, but they are important building blocks for the future. I love that I made money online, because I can do so in my pajamas. Some (but not even the majority at this point) of my income is affiliate income that I earn when people sign up for programs that I promote on this site. I appreciate any help that my readers choose to give me. 

I have a day job, but my budget would be pretty tight without some extra money coming my way. This is where my online earnings come into play.

How I made money online in August 2017
How I made money online in August 2017

I first started looking into making money online after my kids started coming and my wife quit full-time work to stay home with them. My day job brought in less than $25,000 at the time, and I was working on a master’s degree. I then started a doctoral program and gave up the day job. It was a big, no a HUGE, risk, but the fact that I made money online helped me avoid some of the debt that I would have otherwise accumulated.

My first money-making site was CashCrate, then I moved to HubPages and Swagbucks, and the money-making opportunities just increased from there. From HubPages, I learned about Textbroker through a review, and this helped me earn even more.

Before I started this process, I’d never really made money online. I’d heard of people doing so, but I had no clue. Therefore, I started these reviews up again so that I can help any readers achieve some financial goals.

I can’t believe how many ways that I’ve made money online over the past few years. This process has added thousands of dollars to my income that I would not have otherwise made.

How I Made Money Online In August 2017

I found out a new option for making money online in August thanks to a like on a Twitter post I made. I also got some passive income from some writing I did several years ago. My nice earnings from Swagbucks continued. Here are the ways that I made money online in August 2017:

Swagbucks: $100.00
Earnably: $1.00 This was a new option for earning money online that I found in August. You can cash out on Earnably for BitCoin.
GiftHulk: $10.00 This gets more lucrative with bonuses the more you make.
CashCrate: $26.86
HubPages:$50.71 This is residual income I made from writing a few years ago. I get paid about once a year–passive income
EarnHoney.com: $5.00
Ibotta: $20.00 (Sign up with the link to the left and get your first $10 after making a qualifying purchase within a week.
Freelance Writing: $188.09

TOTAL ONLINE EARNINGS FOR AUGUST 2017: $401.66

I made money online from eight different streams. None of these were massive rivers of money, but they added up to more than $400! That’s pretty awesome. If I could put all of this into my IRA each month, I would be able to save nearly $5,000 over the course of a year, which would probably increase the passive dividend income that I can bring in by somewhere between $100 and $300.

This $400+ was better than the $327.19 that I earned in July. I’m not sure what I’ll make in September, but I know that I’ve already cashed out a bit with Swagbucks.

Set Up A Blog To Earn Some Income Online

One of the ways that I’m able to make a little bit of money each month is through this blog. While the money is not huge, it’s grown over the past year. It’s much easier to make money through a self-hosted blog than it is through a free platform. I had a couple of blogs before this one that did not make much money at all (it can take a while to build up $100 in Adsense income).

I recommend using WordPress, and WordPress recommends BlueHost for new bloggers. You can start to set up a blog with BlueHost via this link. While you’ll probably not make a huge amount at first , you can start to build up an income over time.

Reviews Of Money-Making Sites

Here are a couple of reviews that might help you decide which sites might work for you:

Earn Cash and Rewards with Swagbucks
Swagbucks is my favorite site to use to earn money. If nothing else, you can make money from searching the web.

Earning Money In Pajamas With GiftHulk

My Ibotta App Review
I use this when I go shopping. You can earn $10 for signing up with my link and getting your first rebate within a week. With cashouts starting at $20, you’d be more than halfway to redeeming for some PayPal cash!

How did you earn extra money online during August? Do you have any other options that worked? Let me know in the comments. I’d love to check them out!

Keep Up With My Progress

If you’d like to follow my progress each month, be sure to go to the top of the page and sign up for updates. You can also follow me on Twitter.  

Also, if you could share this latest update below via Twitter, Facebook, or any other social media platform, it would be much appreciated. I want to inspire others to improve their finances and show them some easy ways that they can do so. Just click on the “Share This” link at the bottom of this post!

Disclaimer: This site has affiliate links. If you decide to sign up with one of these affiliate links, I may be compensated. I appreciate any support you might provide.

 

Money August 2017

Online Side Hustle Income From July 2017

The following post includes affiliate links. Should you sign up using one of my links, I may be compensated. You’ll earn the same benefits without my links, but I appreciate any support that you choose to give.  The month of July is now past, and I spent some time in Europe during the month. I also spent some time trying to earn some online side hustle income and had some decent success in spite of doing very little work during my time in Europe.

Why Earn Side Hustle Income?

online side hustle income
How I earned $300+ in online side hustle income in July!

You might be wondering whether starting some side hustles would be worth the effort. Why start a side hustle? Currently, you might have enough to pay your bills and save a bit. That’s great, but you can still earn money from hustling on the side. Some of the money might even be pretty passive.

I’m currently using my side hustle income to pay down some debt and invest for the future. I could probably survive with only my current income, but my life would be very bare-bones, and it would take me many years to pay off debt with little extra saving for retirement. Instead, with my side hustle income, I can use the extra money to improve my finances more quickly than I otherwise could.

I decided several years ago that earning money online was preferable to earning it from a second job. I worked two jobs for a while back in my single days, and I was hardly ever home. With a wife and kids, that’s not a great idea.

I can make some money online after the kids go to sleep. I can also earn some of it while watching TV with them or a football game by myself. There are tons of ways that you can earn money online in your spare time. Some of them pay a few cents with little thought; others can pay between $20 and $30 an hour.

Online Side Hustle Income For July 2017

Here are the ways that I earned money online in July:

This income added up to $327.19 for the month. This was about $15 more than I earned in June, and I was on the road for much of the month so I’m pretty happy with it. My freelance writing comes from some writing on Textbroker and some articles I’ve written for Seeking Alpha. I could ramp this up a bit if I needed to.

I must also inform you that my income from Swagbucks includes some money that I’d let accumulate in this account during May and June. Otherwise, my June income would have been about $50 more and this report would be $50 less. Swagbucks is my favorite online survey site that I use for searching the web, watching videos and answering surveys. I’ve done a review of Swabucks here, and I definitely recommend it.

I noted my new strategy for using my online side hustle income in June. By the end of July, I’d paid an additional $105 toward my debt. from what I’d reported in June. I’m hoping to put some more toward this debt to get it paid off in short order. After the $89 annual fee posted and a $5 payment I made today, it’s now sitting at $8,404.

Blogging Can Help With Side Hustle Income!

Some of the income that I’m able to make comes via this blog. Some is referral income, and some is from advertising that builds up over time. If you’re looking to start earning additional income from affiliates and referrals, a blog of your own is the way to go.

There are some free blogging platforms, but I was never able make much money from a free Blogger blog. Getting a self-hosted blog can really help with your reach. One of the top blog platforms is WordPress, and WordPress recommends Bluehost as a hosting agency. You can sign up to start your own blog with Bluehost here.

Some Reviews You Might Find Helpful

If you’re looking to make some income on the side with sites that allow you to make a few bucks (or a few hundred bucks) each month, here are some reviews that I’ve posted on this site that might help you.

  1. EarnHoney Review
  2. Swagbucks Review
  3. GiftHulk Review
  4. CashCrate Review

Obviously, I was able to make a few hundred dollars in July. This helped me toward my ultimate goals of paying off debt and investing for the future. I’m hoping that as my income goes up over time that I’ll be able to build up some passive income and become even more successful.

How did you earn extra money online during July? Do you have any other options that worked? Let me know in the comments.

Keep Up With My Progress

If you’d like to follow my progress each month, be sure to go to the top of the page and sign up for updates. You can also follow me on Twitter.  I’m now above 300 followers, and I’d like to get more than 400 by the end of summer. You can help!

Also, if you could share this latest update below via Twitter, Facebook, or any other social media platform, it would be much appreciated. I want to inspire others to improve their finances and show them some easy ways that they can do so. Just click on the “Share This” link at the bottom of this post!

Disclaimer: This site has affiliate links. If you decide to sign up with one of these affiliate links, I may be compensated. I appreciate any support you might provide.

Money August 2017

Online Income For June 2017

Every month, I put in some effort to earn money online. This online income helps me balance my budget and do things that I would otherwise be unable to do. As I’ve noted before, I started looking for ways to make money online after my first child entered the world. I did not want to spend countless hours at a fast food joint or at Wal-Mar or some other such retail establishment.. Maybe I could’ve been able to make ends meet, but I’d miss many hours that I could have been with my kids.

I had Internet access, and I started to research. Some of the options that I came across over a few months and years of looking were blogging, surveys, and freelance writing. I’ve utilized many of these options, and I’ve even reviewed some here. I continue this process each and every month. My goal is to pay myself first. Other goals relate to paying off debt and making up shortfalls that might arise in any given month.

Hopefully, if I can continue to earn money each month and build it up, I’ll be able to have a solid retirement in a few years. I also track my passive income on this site so that I can keep myself accountable and encourage others.

Why Track Online Income

When the Internet first became popular, I heard about people making money. I figured that these people had computer engineering degrees and lots of skill. My experience with computers included failing to get my programs to print to the print server in my one and only computer class. I did not have any interest in learning about these cantankerous machines that did not work when I wanted them to.

Keep in mind, this was in the days of MS-DOS. One mistake in a long line of code totally destroyed anything that you hoped to accomplish. It totally frustrated me and made me hate computers.

Online income can help you fill up a suitcase full of money
I didn’t make a suitcase full of money, but I did make some.

As the Internet gained in popularity, and I found myself in need of more cash, I started searching. My first attempt to earn money was a blog. It did not make much in the way of money. In fact, it took more than 5 long years to get paid from my ad network. I quickly looked to other options.

However, that first blog was a great learning experience. I figured out the fact that you do not need to have a great deal of computer knowledge to start a blog. This blog, Earn Money In Pajamas started about 3 years later, and I started making a bit of money almost immediately.

I track my online income for two reasons, and they are much like the reasons I track my dividend income.

  1. It keeps me accountable and moving toward the goals I have.
  2. It might benefit others by showing them how to do the same, as many of the options are not zero-sum games where you earn and I lose. You can earn while I earn, and vice-versa.

Online Income For June 2017

I had several different income streams during June. Many of these were the same methods I used to earn money online in May.

The grand total of my online income for June came in at $312.94, which was just below the $355.22 that I earned in May. I’m still happy with this total, though. It allowed me to put away some into a retirement account. Some of the income also went toward paying down my mortgage, although I’m going to change that strategy a bit going forward as I’l elaborate below.

Notes On Online Income For June 2017

My earnings from Swagbucks were a bit skewed this month. I intended to save up for a large gift card for Southwest Airlines for a vacation. Therefore, I did not cash out as much as I could have. July’s total will be the biggest so far from Swagbucks because of this.

I decided that I should probably just cash out my Swagbucks earnings with PayPal so that I could earn some interest after transferring the funds to my bank. Future months should be more like normal. Swagbucks is my favorite site to use. I earn through my own work. I’ve also earned from referrals, and you can too.

If you’d like to start a blog to start building up referral and affiliate income, it’s pretty easy to do so. I’d recommend your using a self-hosted blog, which will take a bit of money to start and maintain. Free blogging software generally will not allow you to market as easily, though. I make a few bucks a month from referrals, and it’s grown over time. One of the best deals if you’d like to start your own self-hosted blog is through BlueHost. BlueHost has a great reputation, and the sites are among the most affordable to operate (only $3.95 a month for new users). If you’d like to start a blog with BlueHost, be sure to click the banner below to get started (affiliate link):

More Notes On Online Income

Another note that I’d like to point out on the earnings for the month is the fact that I just started using EarnHoney toward the end of the month. This site allows you to earn passively by just letting videos play, even while totally muted. This is something that’s pretty unique, and I anticipate earning some money from the site each month going forward.

Finally, I’m loving Ibotta. I cashed out again in June, and I paid the $25.75 as an accelerated mortgage payment. I’m looking to put it toward some debt from grad school from now on, and some additional income toward debt will hopefully help me pay it off faster and faster. I really recommend this app, because everyone has to buy groceries. Ibotta basically gives you a rebate on these purchases. Score! You can sign up for Ibotta with my link here.

My New Strategy For Online Income

Most of my online income has gone toward investments in the past couple of years. I’m still going to pay some of it to my future self, but now, I’m planning to use some of the excess income I bring in toward paying off debt other than my house. My mortgage is the only debt that I can hold that gives a tax break. Therefore, it benefits me more to pay off other debts first.

I still owe a bit on my education. If I kept up the current payment rate that’s just above the minimum, I’d take about 8 or 9 years to pay it off. I’d like to pay it off in a fraction of that time. Therefore, the early mortgage payments will stop. The investments will slow down. I’ll keep up with how much extra I put toward debt as a result of my online income from here on out . I already put $25 extra toward it in June. 

Some Reviews You Might Find Helpful

  1. EarnHoney Review
  2. Swagbucks Review
  3. GiftHulk Review
  4. CashCrate Review

How did you earn extra money online during June? Do you have any other options that worked? Let me know in the comments.

If you’d like to follow my progress each month, be sure to go to the top of the page and sign up for updates. You can also follow me on Twitter.  I’m now above 300 followers, and I’d like to get more than 400 by the end of summer. You can help!

Also, if you could share this latest update below via Twitter, Facebook, or any other social media platform, it would be much appreciated. I want to inspire others to improve their finances and show them some easy ways that they can do so. Just click on the “Share This” link at the bottom of this post!

Disclaimer: This site has affiliate links. If you decide to sign up with one of these affiliate links, I may be compensated. I appreciate any support you might provide.

 

Money August 2017

Online Earnings For May 2017


I’ve been pretty busy over the past ten days. A trip out of town for some work slowed down my monthly post that tabulates my online earnings for the previous month. I was also out of town for a week in May, but I was able to make some nice money over the course of the month.

Some of this money went toward savings. Some of it went into a rollover IRA. Still more of it went toward paying down my mortgage just a little more quickly than the amortization schedule. Regardless of where the money went, my online earnings helped me toward a stronger financial standing for the long run.

Online earnings can help you fill up a suitcase full of money
I didn’t make a suitcase full of money in May, but I did make some that helped.

 

As I noted before, I started looking for ways to make money online when my wife gave up full-time work. I’ve found several options that have worked over the years, and I’m always looking for more opportunities that can help me get a little bit further ahead than I was a month before.

The best thing about earning money online is the fact that there is a pretty low barrier to entry. Whether you’re looking to take a couple of surveys a day or write up a couple of articles for a bit of extra income, there are options that can work for just about anyone with a pulse. All you have to do is look and take some initiative. I’ve done some surveys and online writing. And then some.

Online Earnings for May

Back in April, my online earnings did not come in as high as they have in some months. They were still a solid $273.02, and they helped me improve my overall finances. May was not much different, but I earned even more. Here are some of the ways that I was able to earn money in pajamas during May 2017:

Freelance Writing:                                                                                               $244.97
Swagbucks:                                                                                                                  $75.00
GiftHulk:                                                                                                                          $5.00
Ibotta:                                                                                                                             $20.25
Clixsense:                                                                                                                    $10.00

Total online earnings, May 2017:                                                                  $355.22

I’ve listed most of these ways of earning money online before, but Ibotta is one that I had not used until last month. I signed up because of a link on another website that promised $10 in my account if I signed up and redeemed one of the digital rebates before a certain date. I did, and the $10 posted pretty much immediately along with the other discounts.

Sign Up For Ibotta And Get An Easy $10

The best way that I can describe Ibotta would be a sort of digital coupon/rebate site. You download an app, and the app takes a picture of your receipt (and sometimes the UPC code) from various retailers like Wal-Mart or Kroger that just about anyone can access.

With the $10 bonus, I was able to actually hit the cash out mark in May pretty easily, even though I signed up toward the end of the month, hence the $20.25 listed above. The cash out hit PayPal pretty much instantly. I then put it directly toward paying down my mortgage.

You can get the same $10 bonus if you sign up with Ibotta with my link,  download the app, and make a purchase and upload it via the app. This would get you more than halfway to the $20 that’s necessary to cash out with PayPal. It’s pretty simple, and there are some rebates for buying literally anything (although you can’t use the any brand rebates to get the $10 bonus–it has to be a purchase of a specific brand).

I recommend using methods that earn you money for doing what you’d already do anyway. For example, you can use Swagbucks to earn money for searching the web or letting videos play. It’s likely that you have to shop somewhere for food and various and sundry other items. You might as well get rebates from a site like Ibotta.

The rebates from Ibotta can stack with coupons and a cashback credit card like the Chase Freedom. You can even get a $150 bonus for using the Chase Freedom to make $500 in purchases in the first three months after opening the account. Just don’t forget to pay the balance in full each month. You can sign up for the Chase Freedom with this link, if you have good credit, that is.

If you’d like to follow my progress each month, be sure to go to the top of the page and sign up for updates. You can also follow me on Twitter. Also, if you could share this latest update below via Twitter, Facebook, or any other social media platform, it would be much appreciated. I want to inspire others to improve their finances.

Disclaimer: This site has affiliate links. If you decide to sign up with one of these affiliate links, I may be compensated. I appreciate any support you might provide.

Money August 2017

Online Earnings For April 2017

Online earnings can benefit your bottom line.
Photo Credit: FirmBee via Pixabay (public domain)

The month of May 2017 is about a week old. April is long gone, and I’ve already updated any readers on my passive dividend income for April 2017.  Now it’s time to write about my online earnings for April.

I love passive income, but the biggest problem with this type of income is the fact that everyone starts at $0.  That is, unless you’re a trust fund baby. You have to earn active income before you can receive passive income.

Even in the instance of people who get born on third base, someone had to earn the capital to produce the passive income to start with. I’m in the accumulation phase of this journey.

Dave Ramsey likes to say that your biggest wealth building tool is your income. If you can build up passive income that covers your expenses, you’re financially independent. You’ve reached the “pinnacle experience” that Ramsey mentions.

However, if you’re not yet there, you still have to earn your income. This will usually come from a job. Doctors and lawyers and engineers tend to make enough to build wealth pretty quickly. Most of the rest of us, not so much.

This, dear readers, is why I started attempting to ramp up online earnings several years ago. I figured that I needed to bring in some more income than my job provided.

I’d worked fast food and retail in college. I knew I did not want to do so again. That’s why I started investigating ways to make money online, preferably in my pajamas–hence the name of this site.

I earned some side money in April. Here’s how I did so.

Online Earnings For April

I had online earnings from three different sources in April. Keep in mind that these avenues took a bit of effort on my part. They were definitely active income. Here is my online income by source for April 2017:

Freelance Writing:                                                                                                $218.02
Swagbucks:                                                                                                                  $50.00
GiftHulk:                                                                                                                          $5.00

Total Online Earnings for April 2017:                                                      $273.02

This is about an average month for me. As I’m looking to build up passive income, I could increase my passive income by nearly $11 if I invested all of this money into a dividend stock that pays a 4 percent yield. That’s enough to buy me about 1/2 an hour of freedom based upon my estimate of needing $20/hour to keep up my current standard of living.

I’ve had people ask where I earned money for freelance writing. I’ve earned several thousand dollars writing on Textbroker over the past few years. This is a site where people who need articles/blog posts/marketing materials written post opportunities for enterprising individuals like myself. You can claim any that are available at the level you’ve qualified for.

I earned a bit of money from GiftHulk this month.  This site pays users for the first search they perform each and every hour. You can also perform other tasks like watching videos on GiftHulk TV to earn more “Hulk Coins”, which is the digital currency that you can cash out.

I used my Hulk Coins to get PayPal cash, which I put toward paying down my mortgage. This will effectively earn me a return of 4.125 percent, which is my current interest rate. You can sign up for GiftHulk here if you want to start earning a few bucks in your spare time.

I also earned some income from Swagbucks.  This is a site that’s pretty easy to use. You can use the money you earn here to build wealth over time. Here’s a resource with the general strategy that you can use to start growing passive income via Swagbucks.

Benefits Of Earning Online

One of the biggest benefits of earning money online is the fact that just about anyone in America can do so. For sites like Swagbucks or GiftHulk teens as young as 13 can earn.  Most freelance writing sites will require you to be an adult.

If you’re smart, you can use the money you earn to do great things like pay off debt or save for the future. Whether you pay off debt or save money, you’ll earn a return that’s equal to the interest rate. You can avoid paying interest if you pay off debt. You can earn interest or dividends if you save. It’s a win-win situation regardless.

Online earnings are only limited by the time that you spend and the effort you put into making money. Also, it’s a good idea to think in terms of the future. A dollar today is worth more than a dollar in the future when you think of the power of compounding. The time to start earning is today so that you can take advantage of that power.

If you’d like to follow my progress each month, be sure to go to the top of the page and sign up for updates.

Disclaimer: This site has affiliate links. If you decide to sign up with one of these affiliate links, I may be compensated. I appreciate any support you might provide.

Money August 2017

Online Earnings for March 2017

Many, if not most, Americans live on a paycheck-to-paycheck basis. This makes it hard for most people to build up wealth. When you spend pretty much every penny that you make, it’s hard to build up a nest egg. This is where online earnings that can supplement the money you get from your regular job.

Prioritize Your Finances to wind up with a suitcase of money
Online earnings can build up a nice nest egg over time.

While many people do quite well financially, there are more that have a job that pays little. These people frequently look to the side hustle. This is the reason I started to look for ways to make money online about a decade ago.

It’s definitely helped improve my financial position over what it would have been had I not started. My online earnings have increased over time. Some months’ I’ll do pretty well; others, I’ll make less. The way I look at it, though, any extra money that I can bring in will help me build wealth over time.

Back in February, I made just above $200, which was less than the $334 that I made in January. Now it’s time to check my online earnings for March.

Online Earnings for March 2017

Freelance Writing:                   $241.55
Swagbucks:                                  $75.00

TOTAL for March 2017:       $316.55

While this amount of online earnings was less than it was in January, it was more than I earned in February. I earned from two freelance sites. I usually write about finance, but will occasionally take a job for a different topic like travel.

I’ve also gone over $1,500 lifetime earnings on Swagbucks. If you’ve not yet signed up for Swagbucks, you can do so by clicking on the previous link. You can also learn about some of the methods that I use to earn money on Swagbucks and how this could build up to a nice chunck of change over time from this short and relatively inexpensive book on building wealth with Swagbucks:

How To Earn Money With Swagbucks In Your Spare Time To Build Wealth

I’m keeping up with my online earnings to show you, my readers, how it can be done. I started making money on the Internet nearly 10 years ago, and I’ve increased this over time. You’ll probably not get rich over time, but you can earn money and supplement your income. You can make this money in your pajamas without leaving home, and it can really go a long way to helping you improve your personal finances.

Money August 2017

Online Earnings For February 2017

Some of my online earnings came from Swagbucks
I earned some of my online earnings from Swagbucks.

I’ve decided that it would be a good idea to track my online earnings this year. I used to do this when I started my site a little more than four years ago, but dropped out of the habit. I’ve since started tracking passive income from dividends. I believe that passive income is the best income, and that dividends are the best form of passive income.

Passive Income Does Not Build Itself

However, to build up passive income, I need to earn income from active work. This is necessary because passive income does not create itself. It’s a function of earning money off of capital invested in anything from pork bellies to gold to stock in great companies.

Starting around 2008, I began earning a bit of extra money online. I took a big pay cut to start a job that I really wanted. There was the possibility of this job becoming a great career, and it did. However, the financial remuneration at the time was not the best. I had a new and growing family, and I had no desire to work retail if I could avoid it I therefore started to focus on online earnings so that I could make money without leaving the house outside of my day job.

This effort started to pay off nearly immediately, and I’ve not had to go back to working in retail or fast food to make ends meet since. Some months I make more; some months I make less. Regardless, the additionally money outside of my day job has really helped my standard of living. I made money online via two different avenues during the month of February 2017.

Online Earnings For February 2017

Swagbucks:                                                               $25.00
Freelance Writing:                                               $176.87

Total Online Earnings, 2/17:                          $201.87

This was less than the $334.60 that I earned online in January, but it was still a nice little bit of income that helped me toward my overall financial goals of building up passive income. Part of the money that I made in February went toward buying quality dividend stocks that should pay me passive income for years into the future. Hopefully, I’ll make more in March that can help propel me further. I’m hoping that both my online earnings and my passive income will snowball in the future.

Money August 2017

Online Earnings For January 2017

The title of this site is Earn Money In Pajamas. I like earning money while sitting at home and watching TV or hanging out  with the family. I can earn money at home at just about any time that I’m not at my day job. The money that I earn online goes toward investing and toward paying bills. It also goes toward paying off debts.  I’m again tracking my online earnings.

Online Earnings Can Add Up
A $500 bill, public domain via Wikimedia Commons

I used to keep up with how much money I made each month. I set online earnings goals for the first couple of years that I kept this site up. The past couple of years, however, I’ve slipped up on this process. I’ve been focusing upon earning money online, but I’ve been reporting on the money that I’ve made from dividend income.

Dividend income is a great method of earning money in pajamas. I own teeny little slices of companies that pay me a portion of their profits. All I have to do is wake up and get the notification that I’ve earned a dividend.  This is an example of passive income, which I firmly believe is the best form of income.

Online Earnings For January

I’ve also been involved in active income in the past couple of years, and one of the methods that I’ve continued to earn money is via online activities. After giving it some thought, I decided that I might give regular updates to show you that it’s possible to earn money online (in your pajamas) in 2017. Here is what I earned via online activity in 2017:

Swagbucks:                                      $75.00
Freelance Writing:                      $259.60

Total Online Earnings 1/17:  $334.60

I can’t complain. The money that I’ve earned with Swagbucks has gone toward purchasing stock in high-quality companies. The rest of the online earnings that I’ve accumulated over the month have yet to be spent on anything. I would like to invest them, but I need to build up some emergency savings. How did you do via online earnings last month?

Money August 2017

December 2016 Passive Dividend Income

2016 is nearly in the books. It’s now officially December 31, and all of my dividend payments for the month, and year, have posted to my various accounts. I can’t believe that it’s been more than a year and a half since I first started the process of purchasing dividend-paying stocks in an attempt to increase passive income over time. As I’ve noted on more than one occasion, I truly believe that passive income is the best income. The more passive income that I have coming in, the better my cash flow, and the better my ability to retire one day will be.

I earn dividend payments no matter what I’m doing in a given month. I’m currently on a trip to visit relatives for the holidays. I’ve had some passive income show up in my accounts while on the road. I’ve read several personal finance blogs that have effectively stated that your money can work harder than you can. This is decidedly NOT the case for me at present, but over time, if I’m able to continue the process of saving and investing in companies that pay me, I’ll be able to have money that works harder than me.

View from CasaMagna Marriott Puerto Vallarta
A view that I’d like to see in (hopefully) early retirement.

How is this possible, you might ask? I get tired. I have to sleep for hopefully somewhere around 6-7 hours every night and then take a nap on some afternoons. The money that I’ve deployed doesn’t have to sleep. I own shares of McDonald’s, Starbucks, and Unilever, and these companies sell their wares all over the world in just about every time zone that’s inhabited. Therefore, while I’m sleeping, my companies keep on making money for me, a small percentage of which will come to me in the form of dividends. I occasionally get sick. My companies still make money and pay me from their income. It’s a pretty good deal, if you ask me. In the month of December, I did better than I’ve ever done. Without dragging on the suspense any longer, here are the payments that I received in December:

Taxable Accounts:

Starbucks (SBUX)                                                                  $0.68
Unilever PLC (UL)                                                                 $0.26
McDonald’s (MCD)                                                             $2.10
Coca-Cola (KO)                                                                      $2.14
Kraft-Heinz (KHC)                                                               $0.86
Royal Dutch Shell PLC (RDS.A)                                    $0.42

IRA

Southern Co. (SO)                                                             $11.20

401(k)

JP Morgan Equity Income R5 (OIERX)                  $8.11
Cohen and Steers Realty Shares (CSRSX)         $40.99

TOTAL Dividend Income in December:          $66.76

This total of $66.76 was by far and away my highest dividend income ever in a single month. I had not been including income from my 401(k) account, but decided that there were dividends coming in through it and that it would be a good idea to include it since I’m tracking dividend income. The dividend income that I reported last year was only $9.67. Had I included my 401(k) income, it would have raised that amount to $29.55.  My December 2016 income therefore more than doubled over the amount I received the previous year.

My income of $66.76 for December increases my total dividend income for the year to $241.61 if I go back and add in my 401k dividends for the year that I’ve not reported previously. These came to a total of $81.57. The $241.61 was slightly more than $20 a month on average, which would allow my to take off about one hour each month. My estimated dividend income for the coming year of 2017 is now up to $281.24 in my taxable and IRA accounts that I manage myself. I will not add in the estimated income from the 401(k) account at this point, because I have no idea how much it will be because of variations in the payouts that can be expected from mutual funds. If I estimated the same dividend income from the 401(k) in 2017; however, that would put my forward income at more than $360, or 18 hours when thinking of how much work I would have to replace in a given year at a wage of $20/hour. This is nowhere near enough to pay for my lifestyle, but its much more than the $0 that I was making just 18 short months ago.  I’ve updated my monthly dividend income earnings page to reflect my December earnings.

How was your dividend income in December? Feel free to let me know in the comments.  If you’d like to keep up with my progress, be sure to go to the top of the page and sign up for updates. Also, feel free to follow me on Twitter.  I appreciate any support that you decide to give. Happy New Year.

Disclaimers: Long SBUX, UL, MCD, KO, KHC, SO; I am not a financial professional. Information listed in this post does not constitute a recommendation to buy or sell. It is intended for educational and informational purposes only. Equities can increase or decrease in value, and losses up to and including all money invested can occur. Consult with a licensed professional before making an investment decisions. 

Money August 2017

October 2016 Passive Dividend Income

Well, another month is nearly in the books. We’re now at the end of October, and now less than two months from Christmas. The market has been up and down over the course of the year, but most people have been able to make money if they’ve stayed invested in dividend-paying stocks. This is the type of investment that I’ve decided upon, as these companies actually pay me to own a part of them.

October was a pretty good month for me, going well in excess of my dividend income from the same month last year.  My dividend income should go up over time, but in the short term, it will probably go down a bit, as I’ve decided to sell most of my taxable holdings. I’ll probably explain this further in another post at a future date. I’ve rolled over a tax-deferred account from a previous employ into a traditional IRA, and I will be putting more money toward that in the future year after reading some really good information on tax-deferral from the Mad Fientist’s web site.  You can look at some cool stuff from the Mad Fientist regarding taxes and super charging your retirement portfolio here and here.  Basically, the less that you pay in taxes means more capital for saving for retirement. Therefore, I’m going to shift my focus up a bit and use my taxable account as more of a (hopefully) growing emergency fund that pays out a growing stream of dividends while I wait to need the money while leaving my IRA (and possibly other tax-deferred accounts) to grow until retirement.

Overall, I had four great companies that paid me over the course of October. Three of these should continue to pay me into the future. I trimmed Coca-Cola, but I completely sold out of Bank of Nova Scotia, although it will be on my radar for future purchases in a tax-deferred account. I’ve decided to utilize Loyal3 for my taxable purchases because of the low (i.e., free) transaction costs. I will also up my average purchase through TradeKing, which charges only $4.95 per purchase, to between $500 and $1,000 per transaction to keep the fee below 1%. You can sign up for TradeKing here and possibly get a $50 bonus after meeting some funding and purchasing requirements. I use TradeKing for my non-Loyal3 purchases.

Without stringing you along, here are the great companies that paid me during the month of October. I’ve broken them down by taxable and retirement accounts.

Taxable Accounts

Coca-Cola (KO)                                       $4.19

Kraft-Heinz (KHC)                                $0.34

Bank of Nova Scotia (BNS)               $5.11

Retirement Plan Dividends

General Electric (GE)                            $4.60

TOTAL Dividends for October       $14.24

These dividends bring my total dividend income for 2016 up to $116.17, and my $14.24 for the current month showed a 144 percent growth rate on a year-over-year basis. I should be ahead of this next year at this point again, if all goes as planned and I am able to continue putting more capital to work over time. Because of the stock sales that I noted earlier, my estimated dividend income for the coming year dropped to $130.31, but again, this should go up and exceed where it was as I make periodic purchases within my IRA. I plan to purchase between $500 and $1,000 a month until my transfer amount runs out. If the market crashes and burns before that, I’ll accelerate the purchases, as the best time to purchase stocks is the same as most as just about any other purchase–when they are on sale.

How did your dividend income look in October? Let me know in the comments.

If you’d like to keep up with my dividend income over time, feel free to go to the top of the page and follow me. You’ll only get emails when I actually make a new post, which is usually around five times in a month. In other words, your inbox will not get inundated with random emails.

Disclosure: I am long all stocks mentioned with the exception of BNS, which I sold in October.

Disclaimer: I am not a licensed financial professional. Be sure to do due diligence before investing in securities. This article is not a recommendation to buy a specific company. It is only for educational/entertainment purposes.