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Don’t Be A Nattering Nabob of Negativism

Do you see the glass as half full, or do you see it as half empty? It’s usually understood that the former are optimists, while the latter are pessimists. When it comes to earning money online or through financial markets, there are many negative people who think that it can’t be done. I’ll just be able to make pennies, they argue. These people are probably *nattering nabobs of negativism who don’t really accomplish much in life.

Pessimism can bring you down. Optimism, unlike the arguments made by people like Norman Vincent Peale and Joel Osteen, is not a near guarantee of success.  However, it’s important to remember that those who feel that they cannot accomplish a task successfully are very likely to experience what would be considered a self-fulfilling prophecy. Most of the time, they don’t even get started because they figure it’s no use. Those who are optimists will at least try.

These nattering nabobs of negativism are like Eeyore, expecting rain on every sunny day. They are like Rocky the Flying Squirrel who gives Bullwinkle a hard time with every attempt to pull a rabbit out of his hat. Rocky doesn’t encourage the Moose, he just argues that it’ll never work. Perhaps it won’t but Bullwinkle keeps trying. Those who fail to try never accomplish much of anything.

Those who fear the stock market look back to the Great Recession. They might have lost more than one-half of their entire nest egg. There are those who sold out at the bottom because of a lost job. This is understandable, as money is necessary to eat if you don’t have several months of expenses saved up.  Then there are those who sold out at the bottom because of negativism. They lost a bunch of money when others who stayed in the market because of the optimism that the market generally recovers were able to see their accounts reach previous highs and then move on to even greater highs. We’re now near all-time highs.

Warren Buffett Is NOT A Pessimist

Pessimists are always down on the future of the United States.  “It’s never been this bad before.” I don’t know how many times I’ve heard this argument over the past few years. One of the most successful investors in history, however, is really, really optimistic about the future of the United States. Warren Buffett has done pretty well for himself over the course of his life. He’s seen opportunities that others have missed. His investing strategy has earned him average gains of about 19 percent a year. This means he doubles his money in about 3.5 years on average. Now, as some politicians are arguing that the US is in a horrific economic condition, Buffett would argue otherwise.

Those who are Eeyores in life are probably not nearly as successful as Warren Buffett. This is not to say that there should never be cause for concern about the economy or that people should just throw money at the market at any price. Buffett buys solid companies at good prices. There are some great companies out there that are pretty expensive and should be avoided until there are better prices. There could be a recession in the near future, but this could actually provide  a buying opportunity for those who are willing to take a bit of a risk. The recommendation is always to buy low and sell high. Because of pessimism, however, people generally follow the herd and buy high and sell low. When thinking of avoiding an overly pessimistic outlook, here are three big reasons why optimism can help you achieve your goals.

You’ll See Opportunities Others Easily Miss

Where others see only a snowstorm dumping two feet of snow and ruining their days, the optimist sees an opportunity to make some money shoveling the snow. When it seems that the paycheck barely pays the bills each month, the optimist will start to look for options to make more money. Here are 10 easy ways to make money that people can use without spending any money outside of Internet access. I’ve personally used Swagbucks and  Cashcrate to make more than $1,000 each while sitting in my recliner.

Where the nattering nabob of negativism sees no need to save for the future, because it’s going to be worse than it is today, the optimist sees the opportunity that some extra money saved up over time can provide. After all, a dollar a day can really add up over time when capital gains and dividends are added to the mix.

You’ll Try Again If Things Don’t Immediately Work Out

Things will not always work out. Pessimists will tend to think that they never will work out when they don’t work out the first time.  This outcome is not always a given. Optimists will try to learn from the experience. There is a reason why people fail. Those who pick themselves back up are more likely to achieve their goals over the long term. A quote attributed to Thomas Edison regarding the invention of the light bulb shows this ability to learn from mistakes and try again. It was argued that he’d failed to invent the incandescent light bulb. He retorted that he’d not failed. He’d successfully found 10,000 ways that did not work.  He eventually succeeded. Had he been a pessimist, Edison probably would have quit well before his 9,999th “failure.”

Other People Will Notice

Recessions happen. Downsizing and offshoring are common phenomena. People lose jobs. These situations can lead to quite the competition for the jobs that are left. Who will get the job? A person with a reputation for negativism who comes across with a “woe is me” attitude? NO! Those who have a positive attitude and a reputation for hard work in spite of setbacks are much more likely to get the nod. I’m not likely to hire a plumber or a carpenter who acts like a job is impossible. If I owned a car dealership, I’d want salesmen who actually believed that they could sell cars. Those who are optimists are likely to look for great solutions even if things don’t go quite as well as they might in the short run, and other people will notice this ability in them.

Getting ahead with a positive attitude is pretty difficult. After all, there are only a handful of Warren Buffetts, Sam Waltons, and Steve Jobses.  However, its pretty near impossible to get ahead with a perpetually negative attitude. That’s why it’s important to avoid being an Eeyore who others view as a nattering nabob of negativism.

*The term nattering nabobs of negativism originated in a speech by Vice President Spiro Agnew as he described members of the media.

Disclaimer: I may earn bonuses should you choose to sign up for programs with my referral links. You’ll still get the great benefits by going directly to the site without clicking my link, but I appreciate any support that you might give. 

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July 2016 Passive Dividend Income

It’s now come to that time of the month to review my passive dividend income of the past month. I like to look at the income that I get from doing nothing outside of investing in high-quality companies that do business with people around the world. Every dividend payment is a positive reinforcement that increases my nest egg.

I received only two dividend payments for July, as there are fewer companies who pay in the first month of the quarter. Regardless, my payments from these two companies was higher than it was in April. My dividend earnings for July were as follows:

Bank of Nova Scotia (BNS):                     $4.98

Coca-Cola (KO):                                             $3.52

TOTAL for July:                                             $8.50

My dividend from BNS was reinvested to purchase 0.084 additional shares of this company. This will add a few cents to my dividend income each quarter. How much is a bit debatable because of foreign exchange rates.

The total amount of the dividends that I earned in July came to $8.50. This is $0.40 less than my amount from the same month in the last quarter. The reason for the decline is related to the unusual payout schedule that Wal-Mart adheres to. They pay out in April and again in June, so I’ve already received my payment from Wally World.

My annual dividend income now stands at $70.11. This is just a bit more than $10 a month. August should be a better month for passive income, as should September.  My hope is that this is the final month that I have an income in the single digits. Another hope that I have is that three figures for a month will come in due time. I will add this to my dividend income page. How was your month of dividend income?

Disclaimer: I am not a financial advisor. This article is not a recommendation to buy any security. It is intended only for educational/entertainment purposes.

If you’ve found this article interesting, be sure to sign up to receive updates to the site.

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Earning Money in Pajamas with GiftHulk

There are many sites on the Internet that allow people to earn money from the comfort of their living rooms and dens. This site has covered several of these. I recently verified another site that allows users to earn money in Pajamas. This site is called GiftHulk, and many of the mechanisms for making money are similar to those available on sites like SwagBucks and CashCrate.

One of the easiest ways to earn the digital currency on GiftHulk, called Hulk Coins, is through search. Users can make unlimited searches, but only one per hour, the first of each new hour, will actually pay out. The searches that pay earn 4 hulk coins, which amounts to about 0.4 cents, depending upon the reward or gift card that the user decides to purchase with the Hulk Coins.

GiftHulk also has a number of surveys that its users can complete. The rewards for completing these surveys can vary quite extensively, from less than 100 HulkCoins to several hundred.  One of the more interesting ways to earn points is through the win link:

Guess the Card

Earn On GiftHulk With Guess The Card

Users can click on the drop down link for “Guess the Card” and win Hulk Coins. There are three options: the exact card, the number, or the suit, and the number of Hulk Coins that you could win is related to how difficult the guess is.  Additionally, a win will sometimes come with an earnings boost. I’ve been able to get anywhere between 8 and 14 percent in addition to the base earnings. This boost will last for several hours. When you progress through the levels that are available on GiftHulk, you get more chances to guess the card, which leads to more earnings–for free!

Like SwagBucks and CashCrate, there are also options to watch a number of different videos. You will not likely win Hulk Coins for each individual video, but will rather have to watch through a number of videos to earn a varying number of Hulk Coins. These can be watched while sitting around in pajamas. Usually, the number of Hulk Coins that you can expect to win will be 15 or less.

GiftHulk also has a shopping portal that users can click through to major retailers to earn Hulk Coins on their purchases. The retailers include options like Wal-Mart, Target, Macy’s, and Expedia. The number of Hulk Coins that a purchase earns varies based upon the specific retailer utilized. For example, BJ’s Wholesale is currently offering 8 Hulk Coins per dollar (about 0.8 cents), while Verizon is offering 100 Hulk Coins for each dollar spent. This amounts to a 10 percent discount.

What Can You Use Hulk Coins For?

When it comes to cashing out, GiftHulk has a very low redemption level for what I would consider “good” awards. Like SwagBucks, users can cash out for PayPal cash, which is my favorite award, as I can use it to purchase stocks that will pay me additional passive income, which is the best form of income.  Some users might opt for an Amazon gift card, or, with the popularity of Pokemon Go, there’s the option of getting gift cards toward this current phenomenon.

Rewards available on GiftHulk
Rewards available on GiftHulk

One award that people might be interested in purchasing that most other sites do not have available is BitCoin. This cryptocurrency is available from GiftHulk. It varies in relation to actual dollars, and it’s more expensive than $5 from PayPal. 5 mBTC costs 6,000 Hulk Coins, which is about $6 when related to the cash from PayPal. Please note that you cannot use GiftHulk to earn Bitcoin any more.

You can buy BitCoin through GiftHulk
You can no longer buy BitCoin through GiftHulk

From what I’ve been able to tell, it seems easier to earn with SwagBucks than it is with GiftHulk. This does not mean that the site is without value. It does pay out, and sometimes, there are videos available when they are not available on SwagBucks. Therefore, it can be an alternative method for earning a bit of money from home. You can sign up for GiftHulk here if you want to give it a try. I’ve actually started to use this site more as of 2017, and as you progress through the levels, you can earn more easily.

Disclaimer: This site publishes referral links from time to time. These will generally provide a small payout for me. You can sign up for the same sites without the referral link and get the same benefits (i.e. payout) that you get from using the link. However, should you decide to sign up with my links, I definitely appreciate the support. 

If this post helped you, be sure to follow the site to get updates. I’m also on Twitter at @moneyinpajamas.

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March 2016 Passive Dividend Income

The month of March has ended, and it’s one of my most favorite times of the month–time to update my monthly dividend income. My previous monthly record was just a whisker shy of reaching double figures (a Hamilton in US currency terms), and as the third month of the quarter seems to be the most popular for companies that pay out dividends, I was expecting to finally hit this level for the first time, about eight months after receiving my first dividend payment of a whopping $0.64 from Apple back in August. The month’s payments did not disappoint. Here they are:

Kellogg’s (K)                               $0.57

McDonald’s (MCD)                   $2.71

Royal Dutch Shell (RDS.B)      $10.34

TOTAL dividend income for March 2016:     $13.62 

Dividend income for 2016:                               $24.38

This total might not seem like much, but it’s money that I didn’t have to work for. It’s also $13.62 more than I was making in passive income just 8 months ago. Over time, this money should start to add up. My payment from Shell went toward DRIPping 0.23 shares in RDS.A. I’m not sure why it went toward the A shares as opposed to the B shares, but this additional purchase should add $0.86 toward my annualized dividend income, which is now estimated at $124.18. Dividend income is passive income, which is the best type of income. My other dividends are sitting in my Loyal3 account waiting to be deployed when I reach $10 or more so that I can diversify into another great company. This should happen next week after April payments from Coca-Cola and Wal-Mart.

During the month of March, I also added $25 purchases toward Apple and Wal-Mart stock in my Loyal3 account and 4 additional whole shares of AT & T in my TradeKing account. These purchases are additional building blocks toward financial freedom. You can open a TradeKing account here and receive a $50 bonus for signing up, funding an account, and making a minimum number of trades.  Some of my capital for stock purchases comes from my use of SwagBucks. Every time I get $25 in PayPal cash from SwagBucks, I transfer it to my bank and then one of my brokerage accounts. You can sign up for SwagBucks here. I earn money just for searching and watching videos, and it’s money I earn while simultaneously watching TV–definitely an example of maximizing time to earn money in pajamas.

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. Should you choose to do so, I thank you for your support.

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More Passive Dividend Income – T

Today, I had the opportunity to put some more capital to work toward some more passive dividend income that I can earn while in pajamas. I had $150 in additional capital that went into my TradeKing account this morning, and I decided to put it to work. My only regret is that I had to put the money to work on a day that saw a big uptick in stock prices. Of course, prices could go up tomorrow too, and there’s no guarantee that they won’t be 5 percent higher by the end of the week or the month. Prices are volatile, so I decided to put the money to work today and lock in some dividends that should pay off early next month.

In September, I purchased 5 shares of telecommunications giant AT & T. I saw where the ex-dividend date was in two days. I was hoping to add to this position in the near term, so this made my decision a bit easier. Royal Dutch Shell PLC was the other stock on my radar today, and I might try to buy a bit more before their next ex-dividend date if I have some capital to put to work. I had enough to purchase an additional 5 shares of AT & T. My total cost for this transaction was $171.20 with the $4.95 TradeKing transaction fee added in. This purchase brings an additional $9.40 to my annual dividend income based upon the current dividend of $1.88 per share ($0.47 per quarter). I now own 10 shares, and I plan to DRIP the dividends into more shares of T at this point. If the price stays where it is, this should pay of in about 1/7 of another share in early November.

This is nearly $0.80 per month, and it brings my total dividend income to nearly $58 on an annualized basis–nearly $5 per month. This might not seem like much, but it’s a start. If I go based upon an estimate of earning $20 per hour (which is not what I make, but it’s near the average hourly wage for an average American with the favorable tax treatment that dividend payments for middle-class people receives). That means that I can take about 15 minutes off each month, or about 3 hours at the end of the year. Every $20 dollars of dividend income earns me another hour of freedom. And the best part of this income is that I have to do absolutely nothing more to earn it. This is passive income at its finest, and as I’ve noted before, passive income is the best income.

DISCLAIMER: I am not a professional investor. Please consult one before investing in securities. You can lose money on stocks. Past performance is no indicator of future results. 

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Stock Purchase–AAPL

This week, I added another position toward my goal of earning money in pajamas with dividend stocks. My first purchase of $100 went toward WalMart Stock. My second purchase was a bit larger because I wanted to make sure that I was able to purchase a whole share of another company with my Loyal3 account. This stock is one of the biggest and most popular in all the world. I decided to buy some stock in Apple Computer. Of course, the best time to buy some Apple stock would have been around 1999, but I was not really into stocks at that point. However, with some money from previous birthdays still available to put to work, I decided to jump in now.

My goal is to earn additional money without actually putting in additional hours for it. Therefore, buying Apple would not have been on my radar had I started just a few years ago. In 2012, however, the company started paying dividends again after a long hiatus. The dividend has been steadily growing since its resumption. The current yield is not terribly high, as it is in the 1.7 percent range, but it has shown growth to the upside. The P/E ratio and the payout ratio for the dividend are both solid, and everyone knows that iPhones and iPads are all the rage with kids these days.

I put in a total of $150 into AAPL, and this bought me 1.2313 shares in the company. Currently, the dividend on this stock stands at $2.08 per share after a big 7-for-1 split last year. My current holdings should net me about $2.56 in dividends over the next year. When added to my anticipated dividends from my WalMart purchase, my current estimated dividend income for the next year should be right around $5.60. Both of these stocks could raise their dividends in the next year, so that increase would be added to my $5.60. I also plan to buy a few more positions in the near term, and I have some plans for utilizing some passive income to buy even more, which will give even more passive income. My hope is to increase my dividend income each year until I can replace a significant percentage of my expenses by retirement. They say that the journey of a thousand miles begins with the first step, and I look at these purchases as the first two steps in my journey.

I’ll plan to give updates on any future purchases, as well as any income as it starts to come in.

Disclaimer: I am not a financial professional. The information on this site is for educational/informational purposes only. Investors in the stock market can lose money, up to and including all of their investment. Please consult a financial professional before making any investments in the market.

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Earning Money in Pajamas with Dividends on Loyal3

Note: Loyal3 is closing down in May 2017. Therefore, this platform will no longer be available. It will be a good idea to choose another brokerage.

As I wrote in my last post, passive income is the best income. One of the best ways to get passive income that I noted in that article was through dividend stocks. These stocks are issued by companies who have created enough income and built up enough equity through their business operations to return some of the profits to those who invest in their endeavors. While reading up on dividend growth investing over the past few weeks, I stumbled upon recommendations for a website that allowed for fee-free investing. This site Loyal3.com allows investors to put in as little as $10 toward a number of quality stocks–without having to pay any commissions. I was intrigued to say the least.

I have some money that I’ve had laying that’s come from birthday and Christmas gifts over the last few years, so I decided to open an account and put it to work because it’s basically been earning nothing. I decided to buy $100 worth of WalMart stock last week to see how the site worked. The transaction went through today, and that $100 investment bought me 1.398 shares of ownership in Wally World. WalMart currently pays an annual dividend of $1.96 per share, which is split into four quarterly payments, so this will give me about $2.70 in dividend income over the next year. I chose WalMart because it’s the biggest retailer in the world, it makes lots of money, it pays a solid dividend that’s increased every year for around four decades, and it trades at a relatively low price-to-earnings ratio. As this went through pretty easily, I have decided to buy some more stocks on Loyal3 with the funds that I have available.

The Loyal3 site is pretty easy to navigate, and it only took a few minutes to go from creating an account to linking a bank account and telling the site what to purchase. The transfer of funds from my bank took from Saturday to Tuesday, and the purchase went through on Tuesday morning. The site only makes purchases in a couple of batches each day, so this is something to consider if you’re looking to purchase at a specific price as you can’t totally control the purchase price. I chose this “broker” because most other low-cost brokers are quite expensive if you don’t have a fairly large sum to invest. For example, I considered TradeKing with its $4.95 fee per trade, but for a $100 investment, I’d be starting about 5 percent in the hole before the stock moved up or down at all. It would take a purchase of $500 to make TradeKing or Scott Trade worth it, in my estimation. If I get a good nest egg going, I’ll probably open an account with one of these sites to further diversify without paying heavy fees. With Loyal3, I can buy fractional shares for as little as a $10 investment and it costs me nothing, as most well-established stocks are not going to shift in price by 5 percent on the vast majority of days.

There are some negatives that come with the Loyal3 platform. One is the afforementioned fact that the site utilizes batch trading, rather than up-to-the-minute trades. This can lead to some fluctuations in price, but as noted above, I don’t think that’s going to wipe out any advantage gained by avoiding paying a fee on a smallish trade, at least the vast majority of the time. Another negative is the fact that the site only has a relationship with slightly more than 60 companies, but some of these are among the biggest names around. Included are stocks like: WalMart, Apple Computer, Intel, Microsoft, Coca-Cola, Kellogg’s, PepsiCo, and others. Each of these pay a good dividend that’s grown in recent years (sometimes for decades straight). Energy and healthcare companies are not get included.

However, for my current level of investment ability, I think that the Loyal3 platform should work well for my purposes.  I plan to spend the rest of the money I have available, purchase additional shares with some other passive income, and then reinvest any dividends that I get. The goal is to increase dividend income year-over-year to where I have a nice cash flow supplement when it comes time to retire. Dividends are definitely passive income, and WalMart is active in many countries around the globe, so this company is literally providing income (albeit a very small amount at the moment) while I’m in bed, which is one of the best ways to earn money in pajamas.

Disclaimer: I am not an investment professional. Therefore, this article is intended only for entertainment/informational purposes and is not an actual recommendation to buy any specific security. Stocks go up and down, and investors can and do lose money.

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Saving Money in Pajamas with Credit Cards?

One of my favorite pastimes is travel. I’ve had the good fortune to visit a wide range of countries over three different continents. I’m hoping to get to more next year. I’ve also been on trips to Hawaii and California at prices that most people could only dream about. For example, I got tickets to LA from my home in the Midwest for a whopping $11.20 each. I also got three of my five nights at a Hyatt House hotel for $0. I paid for two nights out-of-pocket.

How do I do this? I use points that I’ve earned from various credit card bonus programs. This is not for everyone. People with bad credit will not get approved for a card. People who tend not to pay off their bills in full every month should not get approved for a card. Those who only buy what they can afford and then pay it off every month can get some great awards. There are several different options that can help you get to the destinations that you’re looking to get to.

1. Airline or Hotel Co-Branded Cards

These cards are tied to a specific airline or hotel. For example, Marriott, Hilton, and Hyatt all have their own credit cards that give you a certain number of points per dollar spent. They usually pay bonus points when used to pay for a hotel room at the hotel company that the card represents. All of the major US airlines have a co-branded card (or cards) that can help you get to the destination of your dreams quickly, be it Orlando or Oranjestad. Of course trips to exotic locations like Australia or Tanzania might take more points, but they can be had. I’ve flown to Aruba, Denver, and LAX on miles, and I’ve stayed in Honolulu, Aruba, and Anaheim on hotel points.

2. Flexible Point Cards

These are the gold standard amongst those who are really travel hackers. Cards like the Chase Sapphire Preferred or the Citi Thank You Premier fall into this category. Chase, Citi, and AMEX all have their own point systems that allow you to transfer your points into a chosen travel partner (or get cash back). For example, Chase Ultimate Rewards points can be transferred at a 1:1 rate to airlines like United, British, or Southwest, among others. They can also get transferred to IHG (Holiday Inn), Marriott, or Hyatt at the same rate. Only certain Chase cards work like this. I used these cards for my recent trip to see Mickey and Minnie, and they saved me over $1,000. If you’d rather have cash back, some of these cards will offer a bonus of up to $500 after meeting a minimum spend over 3 months. Of course, if you have to pay interest to get the bonus, it’s not worth it, so make sure that you can pay off your account IN FULL each month before applying.

3. Cash Back Cards

These cards come in two major varieties. One is the straight cash back card. The old Discover It card would fall into this category. Basically, users get 1% cash back for every dollar spent and 5% cash back on various rotating categories each quarter that can involve merchants like gas stations, travel, grocery stores, restaurants, etc. The other form of cash back card is the travel reimbursement card. The Capital One Venture Miles or the Barclay World Arrival Mastercard would fall under this category. These pay a cent or two back for every dollar spent, redeemable for a statement credit on travel expenses.

Before getting these cards, it’s important to remember that credit cards can be a very good employee, but they can be a very bad master. Do not go applying for credit cards if you have a propensity to be a spendthrift. If you’re fairly frugal, you pay off all of your bills every month, and you can avoid the temptation to spend money you don’t have just because it’s on plastic, these cards can help you save money on travel or get some cash back on a regular basis. They can get be a great way to get into debt, but they can also be a great way to get some great experiences for a fraction of what you’d otherwise have to pay.

For more information on how to game the system, I regularly read popular travel blogs like

The Frugal Travel Guy and Million Mile Secrets, among others.

Apply at your own risk, but if you’re disciplined, these cards can really pay off.

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Saving Money in Pajamas with Haircuts

Building wealth requires making enough income to put a bit away each month. It’s usually a very long-term proposition that can literally take decades.  As I’ve already stated in another post, a dollar a day can really add up over time to be a substantial sum when compound interest and dividends come into play. I’ve pointed out that sites like SwagBucks and CashCrate can help you earn money on a regular basis. I’ve earned well above a dollar per day, much of it passive, from these two sources over the past three years.

Another source of building wealth is spending less than just about everyone else. A good way for men to save money is through haircuts. This advice might not work as well for women, as a standard set of clippers will not help them look all that great. Most guys have no problems cutting their hair really short. Of course, never cutting hair at all can also save money on haircuts.

I read an article on the Mr. Money Mustache site late last year about cutting your own hair and saving some serious bank. When I walked by a set of clippers with a number of different guards that allow you to manage different lengths for your hair and beard in WalMart while visiting family over Christmas break, I decided to pick it up. I’ve gone with a very short hair style in recent years (after going for over a year without a haircut back in 2010), so I figured I didn’t have much to lose. The cost for this clipper set from Wahl (which plasters that it’s made in the USA on its packaging) was a whopping $37. With tax, it came up to about $40.

I figured that I spend about $16 per haircut when a tip is figured in, and I only got one about every 3 months or so. Having my own set of clippers and a mirror could help me get my hair cut more frequently at a fraction of the cost. I would be ahead after just three haircuts, and I’m already at that point. Every time I cut my hair from this point on is just simply gravy, as the clippers amortize to a very small amount. For example, if I get 100 uses out of the clippers, I will pay about $0.40 per hair cut plus a few pennies for electricity. That’s way cheaper than $16 a pop that I would currently pay someone else to cut my hair, and that cost will probably go up with inflation in the next 10 years. I remember paying about $6 25 years ago. Those 100 hair cuts would have cost about $1,600 and many hours in a barbershop. Now, I’ve already spent the $40, and it only takes me around 10 to 15 minutes to crop my top.

Those $1,600 will probably add up to much more than that over time if invested in a mutual fund. Furthermore, I won’t have to sit in a barber shop or salon for many hours waiting around to get called to the chair. While I can’t really recommend this for women, most men could save quite a bit of money in this manner. A few smart moves like this to cut expenses can go a long way toward financial freedom. You could even use your earnings from CashCrate or Swagbucks to pay for your clippers, and that would compound the power of earning money in pajamas.

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Earning Money in Pajamas–February Earnings

I continued in my goal of earning money in pajamas during the month of February. As I noted previously, it is important to set goals when trying to earn funds online. As noted in the previous article, I’ve set a goal of making $5,000 from my online activities during 2013.

Here is the latest earnings report for the month of February. Please note that I have also have additional money that I earned during the month that should come in at a later date. Again, I earned the most money from freelancing.

My earnings from freelancing came to $184.62 for the month.I also earned a total of $70.77 from HubPages.

The total for the month was $255.39.

When the earnings for January are added to this total, I have earned a total of $442.70. The money is starting to add up, and I’m trying to diversify my earning streams. Hopefully, I’ll be able to reach my overall goals. Do you have an earning goal for this year? How is it going? I’d be interested to know.