Category Archives: Swagbucks

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.

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.

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.

March 2014 Earning Money in Pajamas

My goal for earning money in pajamas is three months in for 2014. This year, I’m well ahead of this time last year. Through March 2013, I’d earned $638.28. That was just over $200 per month last year. I fell short of my $5,000 yearly goal. This March, I made almost as much as I made in the first three months of the year combined last year. My goal for the year is $5400 ($450 per month). Every month I go over my monthly goal gets me closer to the ultimate goal for the year. So, without further ado, here is my earnings summary for March 2014:

Freelance Writing: $634.54

Swagbucks: $25

Bing Rewards: $3

As is apparent from the summary, I was able to cash in $662.54 for March 2014, which was nearly $25 more than my January-March earnings last year. When added to the income I’d already made for January and February, I’m now up to $1743.20 for 2014, which is around $400 more than I’d need to be on track to meet my annual goal. So, until next time, keep earning money in pajamas, and I’ll continue to do so as well. Sign up to keep up with my progress.

Online Earning Report–February 2014

I’m now in my second year of tracking my earnings online to help people see how it can be done. I’ve now earned over $5,000 in the past 14 months. I set a goal of $5,400 for 2014. I started out the year very strongly, earning $597.33 for January. I continued my work during February. This month is the shortest of the year, so it can be difficult to keep up with online earnings. I still did pretty well. Here are my earning streams. Unfortunately, little of it was passive income, although I’m building up some accrued income that’s not been paid out yet and should be in the next month or so.

Freelance writing: $480.33

Swagbucks: $25.00 (sign up for Swagbucks here–I could earn a referral commission)

Bing Rewards: $3.00 (sign up for Bing Rewards here–I could earn a referral)

MTurk: $3.00 (sign up for MTurk here–there is no referral program with MTurk)

My total earnings for February were $511.33. When added with my earnings for January, I’ve earned $1,108.66, which is 20.5 percent of my annual goal with just 16.6667 percent of the year completed. That means I’m ahead of my goal for the year.