That’s all you need to do to secure your 1250 SB credit, which is equal to $12.50 – that’s 25% back on your purchase. If you already have a Swagbucks account, you can get a $50 Kohl’s gift card for 4650 SB, a 7% discount of the usual price.
Haven’t tried Swagbucks yet? They’re a site where you earn points (called SB) for doing things like shopping, watching videos, taking surveys, and discovering deals and services you might like to try. You then take those points and turn them into free gift cards to places like Amazon, Starbucks, Walmart, Target, or PayPal cash.
I’ve recently been tracking my online earnings on this site, and if you’ve noticed, one of my top earnings sources is Swagbucks. When I started this site, my first post detailed how to earn and redeem Swagbucks. I’ve continued using Swagbucks since then, and I’m now up to nearly $1,600 in lifetime earnings.
You can read the review above or check out this e-Book to learn more about the part about earning Swagbucks. The earning process is only one part of achieving success with Swagbucks.
The digital currency, made up of points known as SBs, can really pay off with some great redemption options. Here are five of the best options when it comes time to redeem Swagbucks.
5. Charitable Organizations
When you’re ready to redeem Swagbucks, you can put your SBs toward a few charitable organizations. It’s possible to donate 5 SBs (essentially $0.05) to great works like Doctors Without Borders or the Wounded Warrior Project.
There are other options for charitable contributions. Additionally, you can save up 2,500 SBs and get a $25 e-gift card that you can designate to one of about 150 charities.
4. Department Stores
Some of the leading retailers in America, like Kohl’s and Macy’s offer e-gift cards through Swagbucks. You can redeem Swagbucks for these gift cards that range from $10 all the way up to $250.
If you’re looking to earn a bit to offset the expense of Christmas and birthday gifts, Swagbucks can really help you out. These gift cards from leading retailers are just like cash, and you can earn them in your spare time.
If you like to travel without spending money, Swagbucks can help you out. You can redeem Swagbucks for e-gift cards on airlines like Southwest and Delta (currently offered at this writing, although American Airlines has also been featured as a reward option on the site).
2,200 SBs will get you a $25 e-gift card that can offset your expenses on a flight. Wait until you get up to 25,000, and you’ll be able to get a $250 gift card.
I’ve seen flights from Denver to LAX on Southwest for as little as $40 one-way during one of their famous fare sales. Throw in a few Hotels.com gift cards, and your trip to Disneyland could be quite a bit cheaper than you’d expect.
Need I say more? AMAZON. You can literally get just about anything you want on this website. Auto parts? Check. Clothing? Check. Collectibles? Check. What started out as an online bookstore is now so much more.
When I first started earning on Swagbucks, I usually cashed out for $5 Amazon e-gift cards. These are still available, as well as higher denominations, and they can really help you out on Christmas presents. However, they’re not my favorite redemption for my hard-earned SBs.
1. I Redeem Swagbucks For PayPal Cash
My favorite redemption option now is straight up cash. I have to take a couple of steps to convert my SBs to money in my checking account and then to my investment accounts, but it’s worth it.
I use my Swagbucks as soon as I can redeem for $25 in PayPal cash. This then ultimately ends up buying dividend stocks. Hopefully, these dividends will go to buy more dividend stocks, so the money I earn with Swagbucks today will hopefully contribute to my income stream for the rest of my life (and possibly the lives of my kids and grandkids in the future).
Disclaimer: This post includes affiliate links. I obviously appreciate any support you choose to give. You can just go to Swagbucks and earn as much, but I appreciate if you decide to click on my link.
Debt is NOT cool. It can strangle the life out of people. It basically makes you a slave to your lender. Staying out of unnecessary debt is one of the most important steps to take toward financial freedom, because debt brings interest payments that hurt your cash flow. If you pay cash for the things you buy (or pay off the credit card bill in full each month), you’re automatically saving any interest you would have paid had you gone into debt.
Some debts are better than others. For example, a home mortgage can be a “good” debt because buying a home on credit with a mortgage can actually cost less on a monthly basis than renting in many markets. Every dollar that you pay toward the principle of the home loan will also build up your equity, which is a major component of net worth. Student loans can be a “not-quite-so-bad” debt, as long as it is manageable because a degree can lead to higher earnings over time. Most other debt is pretty crummy because it forces you to pay more than you would normally pay for the items you buy on credit.
The Christmas Debt Trap Is Super Not Cool
One of the absolute worst sources for major debt is Christmas debt. Christmas doesn’t really sneak up on people. It shows up at the same time every single year. It’s always on December 25, year in and year out. It should not be a shock. Americans (and people of other nationalities who celebrate Christmas) tend to spend lots and lots of money at this particular time of the year for just about anyone that they come into contact with.
Of course, this is a slight exaggeration, but the average person who goes into debt for Christmas presents takes until April until the debt is paid off. Instead of paying the retailer for the full price of these presents, lots of Americans tend to also pay a nice little chunk to a bank for the privilege of using the bank’s money for the presents. The bad thing about the Christmas debt trap is the fact that many kids will play with the boxes and other wrapping for as long as they do the toys that are within the packages.
Avoiding the Christmas Debt Trap With Online Earnings
One of the major purposes of this site is to get people (AKA you) to think about ways to increase your earnings so that your financial situation will be a bit less constrained outside of self discipline. One of the benefits of earning more money is more flexibility. Earning extra money before Christmas should allow you to pay off the bill for presents before the credit card comes due, which is a good thing. If you have any left over after buying for everyone on your Christmas list who’s avoided getting on Santa’s naughty list, that’s a great thing.
The first step in avoiding the Christmas debt trap through online earnings is setting up some goals for actually earning the money. This will require investigating some of the leading places for making money online. If you’re just a few weeks from Christmas, sites that allow for instant or near-instant redemption of funds would be preferable. If you have longer, you can also start looking into sites that pay once a month to maximize your earnings. Here are some of the top options that can allow you to earn some money for Christmas (and all year ’round, for that matter).
The second step in avoiding the Christmas debt trap because of Christmas gifts is actually signing up for some sites that allow you to make some money pretty easily. Here are some sites that I’ve used to some success over the past few years. I’ve even earned more than $1,000 on a couple of them in my free time, much of it while I’m watching TV in my recliner.
Sign Up For Swagbucks
My favorite site is Swagbucks. There are several options to earn money pretty quickly here, and you can cash out when you get up to 500 SBs (the digital currency on Swagbucks) for a $5 Amazon.com gift card. I usually save up for a $25 redemption in PayPal cash. You can read my review of Swagbucks here. I’ve earned more than $1,300 from this site. Kids as young as 13 can start earning money on Swagbucks.
View Webpages For Money On Clixsense
I’ve also been using a site by the name of Clixsense recently. I’ve already redeemed three times, and you can earn money pretty quickly by just clicking on links and viewing the website for 15 or 30 seconds. I actually view the TV while I’m clicking. I’ve not reviewed the site on this blog yet, but I can say that it definitely pays. The first payout has to be by check and reach $10, but subsequent payments can go on PayPal after reaching $8 and take only 2-5 business days to go through. You can sign up for Clixsense here. You have to be 16 years of age to set up a Clixsense account.
I’ve earned more than $1,000 from CashCrate. This is one of the oldest websites that allows users to complete various tasks. This one only pays out once at the beginning of the month and requires $20 in earnings. I’ve done a more in-depth review of CashCrate here. One guy that I’ve seen on another site has earned nearly $160,000 from CashCrate, but that would take lots and lots of referral income. A few bucks here and there each month is more likely.
Some people will complain that it takes quite a bit of time to earn much money. However, it’s important to remember that there are costs associated with going to a day (or evening job) that quickly cut down on your actual income per hour of work, especially if you’re a mom or dad who only makes minimum wage or slightly higher. I recently read a personal finance book** that showed that a wife with kids who worked at an $18,000 per year job only pulled down $0.64/hour when accounting for additional clothing, transportation, and child care costs.
That’s hardly worth going to an office for 8 hours a day. You can make that much or more online pretty easily without even having to leave the house. That’s why I’ve been into earning money in pajamas for the past few years. It’s definitely been very beneficial to improving my standard of living, and by making a few hundred dollars over the course of the year, you can avoid the problem of getting into the Christmas debt trap from buying presents altogether.
*Disclaimer–I may earn a referral commission if you sign up for some of the programs that I cover on this site. I’ve actually used all of them and have gotten paid. You can still earn from the sites without using my link, but I definitely appreciate any support that you give.
My very first post on this site more than three years ago touched on the benefits that users could earn from the site SwagBucks (you can sign up here). The site allows users to complete a number of different tasks that earn a virtual currency known as Swagbucks. This virtual currency is not like Bitcoin in that the value can vary greatly over time. The Swagbucks pretty much have a fixed redemption value of one cent per Swagbuck. This current post is going to show you how you can cash in and start to earn passive incomethat could literally last for the rest of your life.
Many people who use the site cash in for things like $5 e-gift cards from retailers like Amazon or Walmart. I do not choose to use this redemption option. The coolest of all redemptions, in my estimation, is $25 in PayPal cash. I use the site to earn money in pajamas, and have been putting my PayPal cash to work earning money on the money I earned in my pajamas.
2,500 Swagbucks allow to cash in on PayPal. I can earn these 2,500 Swagbucks in a variety of ways. One of the most common options is by searching on the web. I use the search bar, and the site randomly provides a number of Swagbucks that generally ranges between 4 and 50. Here is a picture of what a “win” looks like:
One way that I can earn more Swagbucks is through online surveys. I tend to look at the surveys under “Gold Surveys” the most, as I seem to have more luck getting them to credit. The surveys that pay out 50 Swagbucks for 10 minutes are generally from a site called Opinion Central, and I have had pretty good success from these. They generally take less than the 10 minutes advertised, as well.
Another major way that you can earn Swagbucks in pajamas while watching the TV is by watching videos. There are a couple of options that I’ve found that I can earn quite a few Swagbucks pretty quickly. I frequently will watch videos by clicking on this dude who’s sitting behind a laptop:
Watch Videos To Earn On Swagbucks
After clicking on laptop guy, you will then be taken to a screen that invites you to watch the videos. You have to scroll through a few (usually between 5 and 10, although sometimes there will be an ad campaign with just one video). This usually pays out 2 Swagbucks, which is admittedly not much, but I can easily scroll through them while watching TV (this is the maximizing spare time for income, folks). Sometimes around Christmas, the process will pay out 3 Swagbucks per task. You would click through all of the videos. I set up my screen to look like this so that I know when to click the green button:
Another easy way to earn a few Swagbucks while watching TV is through nCrave videos. I like the ones that are highlighted here. I use the ones with the swirling arrow icon that’s circled in red:
After clicking on the nCrave video, you need to make sure that the “Discovery Mode” is toggled to the green check mark. This will let the carousel of videos play automatically. Again, you won’t get rich overnight from this process, but it’s a few Swagbucks for very little effort. They do add up over time.
Make sure the Discovery Mode is toggled on to automatically cycle through the videos.
I work on several of these tasks when watching TV on a daily basis. Most months, I am able to cash in at least $25 toward PayPal cash; some months, I cash out $50. When this cash hits my PayPal account, I can then transfer it to my linked back account and then transfer it to a brokerage account. I’ve been transferring it to Loyal3 each month. When it hits Loyal 3, I can then invest with no commission in one of the 60-some companies that this brokerage allows people to invest in. I reviewed how I use Loyal3 here. Note: Loyal3 is no longer a good option, as it is closing down in May 2017.
Each PayPal cashout will allow me to get around $0.75 per year for life for each $25 I invest (when estimating a dividend yield of 3%). Over the course of the year, I will get around $10 in dividend income, give or take a few dollars, depending upon the companies invested in. This is where the concept gets pretty cool. That $10 in dividend income can then be put into additional stock, and the compounding process can begin.
The money that I earned in pajamas with Swagbucks can then go toward making its own money, which will then make more money. This is the definition of passive income. Over time, even if one or two companies go belly-up (I buy only companies that are paying dividends, and I invest in multiple companies to diversify my risk), I should have a pretty decent amount of income coming in on a quarterly basis. The major factor for success is persistence. Check out this article on the power of getting just an extra dollar a day to invest.
What Are You Waiting For? Passive Income Is Within Your Reach!
To get the ball started, you can sign up for Swagbucks here. Please note that should you do so, I could get compensated for referring you. I only share method’s that I’ve used myself that work. I’ve earned more than $1,000 via Swagbucks since signing up, and the majority of this income has been earned by my activity, not referrals. Now the money I’m earning is earning its own passive income. Should you decide to sign up with my link, I appreciate your support. Good luck earning money in pajamas.
If you’ve learned something new from this post, be sure to sign up to follow the blog. I update it fairly frequently with the ways that I’m earning passive income.
Another month has come and gone. Today is the first day of May, and on this past Friday, I got my last dividend notification for the month of April. I’m now about nine months into the dividend growth investing journey. My goal is to build up passive income over time so that I can enjoy a reasonable retirement in a couple of decades. I believe that long-standing dividend payers who have solid cash flows should be reasonable investments for the long term.
I added a couple of small positions over the past month, but neither of these has paid out a dividend yet. I started pooling my dividends in my Loyal3 account in January, and I reached $10 early in April. I then immediately put that $10 to work in a very small starting position in Unilever PLC. My hope is that my growing stream of dividends will enable me to add to this small start each quarter to start with. As my core positions add more in dividend payments, I plan to increase the frequency of these purchases in UL.
I also cashed out some more funds from Swagbucks and started with a $25 position in Starbucks (SBUX). My hope is to alternate Swagbucks payments and build up some smaller positions. Starbucks does not pay a huge dividend at this point, but the company has been increasing its payout rapidly over the past few years. Additionally, the company is still in the growth phase, so I’m hoping that my eventual yield on cost is much higher than my current ~1.4 percent.
I received three dividend payments during the month of April, so without further ado, here they are:
Coca-Cola (KO): $2.95
Wal-Mart (WMT): $2.48
Bank of Nova Scotia (BNS): $3.47
Total dividend payments for March: $8.90
Dividend income for 2016: $33.28
My payment from BNS was subject to a 15 percent withholding tax, so only $2.95 went into my DRIP. This purchased another 0.057 shares of BNS, and it will add about $0.12 to my annual dividend income, although this will vary because of foreign exchange rates. I put the other dividends toward the aforementioned purchase of Unilever. My current forward dividend income for the next 12 months should be right around $131.67 (although this is possibly a slight bit off because of the BNS forex issue). This way more than the grand total of $0 that I expected in yearly dividends at this same time last year. Earning dividends is truly earning money in pajamas. I do no more work after earning the capital. Then my capital goes to work for me.
If you want to keep up with my progress or learn about my other life hacking achievements and goals, be sure to sign up to follow the blog.
Disclaimer: I am not a licensed financial professional. Please use the information on this site for educational/entertainment purposes only. Be sure to check with a financial professional before purchasing equities.
Disclaimer 2: I may receive compensation if you decide to sign up for any of my affiliate links. This post mentions Swagbucks. I usually get $25 worth of PayPal cash each month from this site, and I use it to buy more stocks that then earn me more dividends that can then go and buy more stocks that then pay more dividends…and so forth. Should you choose to sign up, I thank you for your support.
Because the educational system is still tied to the old-school agrarian way of life from the pre-industrial period, teenagers and college students, even in 2015, frequently have some time off during the summer. This becomes the perfect time to make a few bucks that can go toward the future or toward college bills. Money that can cut down student loans can be a great step toward financial freedom, because every dollar that’s not spent on student loans is a dollar that can be saved toward financial freedom. When it comes to getting money over the summer, here are three great ways to get ahead.
1. Look for a Job
The oldest way for teenagers or college students to make money over the summer is related to getting a job. Not only can getting a job earn money, it can also earn experience that can be useful after formal schooling is done. Many students have started their working life at McDonald’s, Burger King, Subway, or some other such eating establishment. Many kids today think that they’re above working at a fast food joint, but these jobs can actually be a great way to learn about hard work, teamwork, and paying attention to what superiors say. Many successful people have started out making money this way.
Fast food is not the only avenue of employment. While they get quite a bit of bad ink because of poor pay, retailers like WalMart and Target can be a way to get a foot in the employment world while making money.
2. Create a Job
Not every avenue for income will come from going to a business and having them give you a job. There are lots of successful people who’ve been able to make a substantial amount of money through their own entrepreneurial efforts. There are literally millions of Americans who hate to mow their lawns. Enterprising young folks who live basically anywhere a decent center of population (think a few hundred homes) can make a decent amount of money from doing yard work.
Few people enjoy cleaning up dog messes, yet our furry friends have to do their business in the outdoors. People who are willing to do a bit of dirty work have been able to make a good living. Setting up an ad and getting a few clients could potentially bring in hundreds, or even thousands, over the course of a summer. What’s needed to make money by creating a job is an ability to find a service that people are willing to pay for and then market yourself. Of course, doing a good job and being ready to do things that other people are not really all that keen on doing is an important part of the process, too.
3. Become an Online Entrepreneur
The Internet is much like the wild west. Although it’s much more organized today than it was in the wide-open days of the 1990s, there is still much money to be made online. Setting up a website does not take much effort, and those who do the job well can cash in. Teens and college students looking to make money in 2015 can make some great money.
The problem with the first two recommendations is the inability of many 13 to 15 year olds to take advantage of them. This is where some great websites come in handy. I personally utilize some sites that pay people to search the Internet or complete surveys or other painless tasks. I’ve made over $1,000 on CashCrate in this manner, and I’ve seen another individual who’s been able to make over $150,000 on the site. You’ll probably not come close to making that much, but $1,000 or more is definitely possible. You can sign up for CashCrate here.
My other big online moneymaker is SwagBucks. This site pays in virtual currency that people can then redeem for gift cards to major retailers like WalMart or Amazon. It’s also possible to cash in SwagBucks for PayPal cash. I usually take advantage of this last option, and I’ve been able to cash in at least $25 per month over the past year with a minimal amount of work while watching TV. Why not do something that pays off, rather than playing Internet games that earn nothing? You can sign up for the Swagbucks site and start earning cash here. This is truly earning money in pajamas.
Making money is an important step that everybody needs to start achieving. The earlier you start, the better off you’ll be in the future if you can keep from spending it all while saving it. After all, just a dollar a day can pay off in the long run. Making money at home in your down time can pay off in increased financial stability, and the time to start is now. These three ways to make money during the summer are a great way to start down that road.
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 starts saving only a dollar a day on their 13th birthday and earned a disposable 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.
**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.
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:
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 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:
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.
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.
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.