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November 2017 Passive Dividend Income

Building up passive dividend income slowly but surely

Today was the last day of the month. Thanksgiving has passed, Christmas and the end of the year are just a few mere weeks away. It’s now time to look into the passive dividend income that my investments brought in during November. The end of the month is one of my favorite times of the month for this very reason.

Surprisingly, the second month of each quarter is a usually good month for me when it comes to dividend income. It rivals the third quarter and sometimes outpaces it. November was no different. My current investment holdings that pay dividends include eight individual companies and three funds.

I like investing in companies that pay dividends because the dividends make it less likely that I will lose money on a given investment. They provide me with a margin for error. Also, these dividends will provide income when it comes time to retire in a couple of decades.

Also, these companies make sales around the country, and some of them have foreign sales. They have workers who put in effort each and every day to bring profits and dividends my way. The funds that I hold generally include companies that have domestic and foreign sales.

I literally earn money in pajamas, as these companies that operate around the world obviously make sales and profits while I’m in bed asleep. It’s always 5 o’clock somewhere. Passive dividend income is my favorite type of income.

Passive Dividend Income for November 2017

Four separate companies and one fund paid me in November. Some of these companies are among my largest holdings, so the dividend income was quite a bit more than it was in October. Here is the passive dividend income that I received in November:

AT & T (T)                                                                                        $24.50
Tanger Factory Outlet Centers (SKT))                              $8.56
Omega Healthcare Investors (OHI)                                 $32.50
Realty Income Corp (O)                                                             $5.30

Total for Traditional IRA                                                         $70.86

JP Morgan Equity Income R5 (OIERX)                             $3.24

Total Passive Dividend Income for November:    $74.10

This was nearly $9.00 more than the dividend income that I received in August 2017. Most of this was a result of the addition of Tanger Factory Outlet Centers to my portfolio. I also had raises from Omega Healthcare Investors and Realty Income Corp.

When looking at this dividend income in relation to my dividend income from a year ago, I earned only $25.31 last year. This means that I nearly tripled my dividend income in just one year. That’s pretty exciting, if you ask me. Furthermore, I’m now up to $419.51 in overall dividend income for 2017. With a month to go in the year, I’m now  more than $150 ahead of the dividend income that I earned for all of 2016.

I’m also up to $564.04 in estimated dividend income for the next 12 months. This does not include any dividend income that I might get from a 401k plan that is still invested (the source of the $3.24 income in the list above. This would buy me slightly above 28 hours of “freedom” over the course of a year when estimating a need of $20/hour to maintain my standard of living.

How was your dividend income in November?

Also, don’t forget that I’m running a giveaway for an Amazon e-gift card that ends on Monday, December 4, 2017. Be sure to check out how to sign up for the giveaway here

Keep Up With My Progess

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 closing in on 350 followers, and I appreciate the support.

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!

Earnably
Disclaimer: This site has affiliate links. If you sign up with one of these affiliate links, I may earn compensation. I appreciate any support you might provide.

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Holiday Amazon Gift Card Giveaway

Welcome readers! Tis the season to buy presents for friends and family. Sometimes, this can come to quite a bit of money. I’d like to help out a bit for one lucky reader. That’s why I’m hosting a Amazon Gift Card Giveaway for the holidays.

You can use this $10 e-gift card toward any purchase on Amazon. It definitely won’t cover the entire cost of many items, but you can look at it as a discount on your purchase if it does not cover the entire cost.

How To Qualify for the Amazon Gift Card Giveaway

How can you qualify for this $10 Amazon e-gift card? There are three steps.

First, scroll to the bottom of the page and answer what your favorite online side hustle is in the comments. Make sure to list your name and your email address. Without this information, I cannot contact you should you be the winner.

Second, scroll to the bottom of the post and click on either the Facebook or Twitter share button.

Third, take a screenshot of your Tweet or your Facebook post. I’ll ask for the screenshot in my email to the winner to verify that they shared the post. You can attach it to your reply.

Good luck in the giveaway, and happy holidays!

Amazon Gift Card Giveaway

Here are the official rules of the Amazon Gift Card Giveaway:

Contest Duration:

The contest will run until Monday, 12/4/2017 at 11:59 pm GMT. Anyone who signs up before this deadline will be eligible to win.

Contest Prize:

One Amazon e-Gift card code that’s worth $10. The total value of the prize is $10. The winner will be responsible for putting in the code on their own Amazon.com account.

Odds of Winning:

The odds of winning are 1 in however many people sign up for my email list via Mail Munch before the deadline.

How will the winner be selected?

I will count up the number of entries received by the 12/4/2017 deadline. Then I’ll input the number of entries into an online random number generator. The first person to comment on and share this post will get number one. The second will get assigned number two, and so forth. The person whose number comes up will get an email from me informing them that they’ve won. They will then need to reply to the email and provide me with the screenshot of their share of this post on Twitter or Facebook. If they do not reply within 48 hours after I send the email with the screenshot, I’ll get another number from the random number generator and repeat the process until I get a winner who responds.

What will you do with my email address (AKA privacy)?

By signing up, you agree that you give Earn Money in Pajamas permission to use your email address for two possible purposes. The first is to get updates from Earn Money in Pajamas.  The second is to put you into contact with opportunities to earn money and/or travel/cash back points (for example Chase or Amex referrals). Names and email addresses are all that might be shared under this arrangement. I appreciate your support.

Want to Learn About Future Opportunities? 

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 closing in on 350 followers, and I appreciate the support.

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 sign up with one of these affiliate links, I may earn compensation. I appreciate any support you might provide.

 

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Retirement Planning Considerations for All Americans

One thing is sure for those who live to a ripe, old age. These folks are likely to need to slow down at some point and retire. For some, this will be forced upon them by an employer or by illness. Others will have more of a choice as to when they decide to walk away from paid employment. Regardless of when or why retirement comes about, it’s important to adequately prepare for one’s golden years with a bit of retirement planning.

Retirement Planning is a must!
Retirement Planning is a must!

According to one recent study from the Economic Policy Institute, the median retirement savings for all working-age families in the US stands right around $5,000. This would pay for a month or two for a frugal family, but it is well short of what one might need to save up for a comfortable retirement.

Those between 56 and 61 years of age are doing a bit better than the average, but their savings still only reach $17,000 on average. How can you achieve a better retirement? Here are some ways to diversify your finances so that when you hit retirement age, you’ll be able to subsist on something other than dog food. These statistics are some of the reason that I’m saving money in an IRA and building up passive income.

Social Security Should Be Part Of Retirement Planning

Just about every retiree in the US can count on some level of Social Security payment. While the payout to future retirees may be lower than what current retirees can expect, there should be some level of income for those who reach 62 years of age in the future. Social Security should not be your only source of retirement income.

The Social Security Administration recently noted that more than a third of current retirees rely on Social Security for 90 percent of their retirement income. This is scary. This means that you should start thinking about retirement finance as early as possible.

The average social security payment is a little more than $16,400 a year.  This is something, but it’s not going to be enough for most people to live on.

Remember Tax-Advantaged Accounts

The government makes it somewhat easy to save for retirement in addition to Social Security. There are a number of different tax-advantaged accounts that have names with a number in the 400s. These allow people to save for retirement while also cutting down on the amount of federal income taxes that they have to pay. Tax-advantaged accounts should be an important part of any worker’s retirement planning strategy.

The 401k is probably the most familiar of these retirement accounts, but you can also access tax-deferred accounts if you work for nonprofits or governmental agencies. These accounts are  403b and 457b plans. Some employers will actually offer both. The maximum that employees can contribute for each is $18,000 per year.

Use IRAs As Well

You don’t have to have an employer who sponsors a retirement plan for you. It’s also possible  save money each and every year on your own. As of 2017, you can save up to $5,500 each year ($6,500 if you’re above 50 years of age) in an individual retirement account, also known as an IRA.

There are two flavors of IRA accounts. The traditional format allow you to cut your taxable income in the current year, but requires you to pay taxes on the amount you save and any growth in the account when you access the funds. A Roth IRA does not come with the tax deduction in the current year, but it does allow retirees to withdraw contributed funds and any gains and income tax free.

These accounts come with a 10-percent penalty for accessing the funds before age 59 1/2. The penalty does not apply if your employer lets you go after turning 55. This penalty is in addition to the income taxes that you might have to pay.

Why My Retirement Planning Includes Dividend Stocks

I could sit back and plan to use pensions and Social Security payments for my entire retirement income. I could also wind up eating Alpo. That’s why I’m buying stocks to build up a passive income that comes in when I can no longer work or hit an age when I don’t have to work.

Stocks (at least a broad exposure to them) have tended to grow over time. They also throw off dividends and distributions that are real cash that real companies pay. These dividends tend to grow at a rate that exceeds the level of inflation over the long run. Therefore, my purchasing power should not go down on this part of my retirement income. It likely will for pension and Social Security income.

What does your retirement planning look like? What avenues are you using?

Sign Up For Updates

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 closing in on 350 followers, and I appreciate the support.

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 sign up with one of these affiliate links, I may earn compensation. I appreciate any support you might provide.

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Paying Off Debt With Online Earnings–Part 3

 

Over the past month or so, I’ve been tracking my attempts at paying off debt with online earnings. This is probably going to be a long, drawn out process.

I graduated from grad school with more than $36,000 in debt. Well, it was probably just above $20,000 when I graduated. Then I ran into a four-month gap between the end of my grad assistantship and my first paycheck at my new job. I also had to move to take the job.

Erasing Debt with Online Earnings
Erasing Debt with Online Earnings

Needless to say, the debt grew quite a bit within just a few months. I was not happy. That was a little more than four years ago. My goal is now to pay off this debt in short order. I’d like to have it paid off within the next couple of years.

Even with what I considered a big amount of debt, it’s not nearly as big as what some people have. Student loan debt is around $37,000 for the average graduate. I had some friends who owed more than six figures. This can definitely hamper one’s lifestyle for years to come. That’s why I’m working at paying off debt with online earnings.

I’ve attempted to make money online for the past several years in an attempt to at first supplement my then-meager income as a grad student and then to pay off debt and build my investments so that I can build up passive income.

Paying Off Debt With Online Earnings–Part 3

My credit card statement is about to roll over to a new month. I have all of my debt from my days as a grad student on a 0-percent balance transfer. Before I decided to split my efforts between paying off debt with my online earnings and investing, I was basically paying off the minimum each month. With a debt that was then a little north of $8,000, I figured that I could theoretically take between 8 and 10 years to pay off the debt.

I was investing most of my online earnings, but the debt went down very, very slowly. I want rid of it more quickly. I figured out that paying off $200 a month could make the debt go bye-bye in a little more than three years. In my estimation, three years is much better than eight.

In the last month, I came pretty close to paying off $200. I paid $185 on the last statement. The minimum was $81. My debt is now below $8,000. I could have paid another $45, but I scheduled it to go on the next statement for cash flow purposes. I hope that I can get into the $7,700 range by the time the next statement closing date rolls around.

Keep Up With My Progress

If you’d like to help me achieve my goal of paying off debt with no expense to yourself, you can make your purchases from Amazon through the link below. You’ll pay the same as you normally would, and I’ll get a small commission. Just click the image below:

You can also sign up for the following sites and start to earn points that can lead to PayPal cash, Amazon cards, or even Bitcoin.

GiftHulk (I’ll earn $0.10 if you sign up)
Earnably (I’ll earn either $0.02 or $0.10 if you sign up, depending upon where you live)
Swagbucks (I’ve earned more than $2,000 from this site, and it’s my favorite. I don’t earn a bonus if you sign up, only if you actually earn.)

Earnably

Don’t feel obligated to sign up for anything you see on the site. I appreciate people who just stop by to read and/or comment.

How are you using side hustles in your goal of paying off debt? Let me know in the comments.

Sign Up For Updates

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 closing in on 350 followers, and I appreciate the support.

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 sign up with one of these affiliate links, I may earn compensation. I appreciate any support you might provide.

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Saving Money on Disney Tickets

Disney tickets are expensive. Wait…that’s not right…Disney tickets are VERY expensive. That’s better. Saving money on Disney tickets is a challenge for sure.

I love going to Disney parks. I never went as a kid and never went until my own kids were old enough to remember it. I’ve since visited Disneyland in California and Disneyland Paris. They are pretty expensive jaunts, though. There are ways to save money on the US parks, though.

Chase has a co-branded Disney card that can help users save some money on tickets, but this is probably not the most lucrative credit card signup bonuses that Disney lovers can score. It does come with at $200 bonus after spending $500 within the first three months of holding the card. (Please note that this site has affiliate links. If you use these links to sign up, I may receive compensation.) 

The Chase Freedom card offers a $150 bonus after meeting the same spending requirement, but it’s much more flexible.  Of course, if you’ve not signed up for five cards in the last 24 months, you could get both.

If you’re active on the site Swagbucks, you could use your earnings from searching the web, answering surveys, and watching videos toward saving money on Disneyland Tickets. I recently reviewed the process of using Swagbucks to purchase Disneyland tickets. Keep in mind that this only works at the California park. It does not work if you’re looking to go to Disney World in Florida or one of the resorts abroad.

Saving Money on Disney Tickets at Sam’s Club

One way that it’s possible to save money on Disney tickets come from buying gift cards from Sam’s Club. I’ve seen a couple of different options in this regard. The first is a package of three $50 gift cards for $144.98. The second is a $500 gift card for $479.98.

Saving money on Disney tickets at Sam's Club
Saving money on Disney tickets at Sam’s Club

 

The first option in the picture above is a discount of 3.3 percent off the purchase price. The second option for saving money on Disney tickets from Sam’s Club gives a 4 percent discount. These are not massive discounts, but they add up.

You could stack these discounts even further. The Disney Rewards card mentioned above gives one point per dollar spent at Sam’s. This would effectively bring the discount up to 4.3  or 5 percent.

The Chase Freedom would generally add one point (one percent) to the discounts that the gift cards from Sam’s Club get.  But there could be a twist on this. The Freedom has a rotating bonus that gives 5 percent cash back on certain purchases each quarter. Sometimes, Sam’s Club purchases show up as one of the merchants that provide a 5 percent bonus. It’s not been the case in 2017, but it was possible to get this hefty discount for most of 2016.

Utilizing the Chase Freedom if Sam’s ever shows up as an option for the 5 percent cash back bonus, you could save between 8 and 9 percent. This is one great strategy for saving money on Disney tickets. Stacking the discounts can really pay off to be sure.

Have you every visited a Disney Park? What strategies have you used to save money on the visit? Let me know in the comments.

Sign Up For Updates

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 nearing 350 followers, and I appreciate the support.

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 sign up with one of these affiliate links, I may earn compensation. I appreciate any support you might provide.

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How I Made Money Online In October 2017

Making money online has probably never been easier. There are many ways that I’ve made money online

How I Made Money Online In October 2017
How I Made Money Online In October 2017

over the past several years.

I started out making nothing online. I thought it was a gimmick of sorts. Then I started reading about people making hundreds, if not thousands, each and every month. I also knew that I was about to start grad school. With a wife and kids to support, I needed to supplement my meager income, so I started reading up on some of the major ways that I could make some money online.

I started a blog after reading an article on Problogger where Darren Rowse disclosed his status as a six-figure blogger.  I dutifully started my own blog, hoping to hit the big time quickly. Within a week, I’d earned $0.59 from AdSense. I was on my way, or so I thought.

This was more than seven years ago, and I’ve cashed out via AdSense once in that time. Needless to say, I’ve not hit the big time in a Problogger sort of way, but I have seen my income grow over time as I looked into other options and made money online with them.

I quickly found out that I needed other options, and I started looking into other avenues to make money from home. I found a few, and I’ve found even more over time. These methods of making money online do not require me to leave the house. I started sharing some of them on this site so that I can help others learn how to earn money in pajamas.

How I Made Money Online In October 2017

These posts that I started at the beginning of the year list some of the major ways that I’ve earned money online in 2017. I enjoy looking back at the end of each month to see how I’ve supplemented my income from working at my Jay Oh Bee (that’s my job).

I also like to share the ways that I make money online so that others can learn that they too can supplement their incomes. It does not really take a degree in rocket science. All it takes is some free time and some perseverance. I have several different streams of income each month. The more, the better. That way, if one option goes away, I still have others that will bring me some income.

I’m using my online earnings to build up passive income from dividends and to pay off debt. This is a long-term process that I anticipate will pay off over a period of years.

So, without keeping you in suspense any longer, here are the ways I made money online in October (please note that the links are affiliate links. I may be compensated if you sign up with them):

Freelance Writing: $209.83
Swagbucks: $50.00
GiftHulk: $5.00
Earnably: $1.00

Total Online Earnings for October 2017: $265.83

This was down a little bit over the previous few months. However, it’s important to remember that even this small amount would add up to more than $3,000 over the course of a year if I kept it up for 12 months. How much would $3,000 help people who are only able to pay off their bills and save nothing each month?

I would think it would help quite a bit. You can sign up for the programs listed above and get started with your own online earnings.

Can You Make Money Online?

Absolutely. Your ability to earn money online is limited by the time that you have available each week and the imagination that you might have to market some opportunities to others. Setting up your own blog can be a great way to share these opportunities that can help people out. You can also start to earn affiliate income of your own.

WordPress recommends BlueHost, which is one of the top options for self-hosted bloggers. You can sign up for BlueHost by clicking the banner below if you’re interested in getting a self-hosted blog:

Remember, I started out making absolutely nothing online. I’ve now built up to where I’m making nearly $5,000 a year in my spare time. This can grow 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 September? 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.

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Paying Off Debt With Online Earnings

Last month, I started tracking my attempt at paying off debt with online earnings.  I started earning money in pajamas several years ago, largely to supplement my income while I was in graduate school. I earned very little in my job as a graduate instructor. Had I been single, it probably would have been enough, but I had kids.

I still built up around $36,000 in debt because of my schooling. There was a period of about four months between the end of school and starting my new job, as well as a move, that led to major debt. The debt helped me out because it opened some more doors for employment opportunities going forward. However, I…HATE…DEBT. The payments that I have to make toward debt means that I have less money for things that I like, such as saving for retirement and traveling to various and sundry parts of the world.

I had been saving up money for my dividend income portfolio, but then figured that I could keep some of this credit card debt from school for between eight and ten years if I paid only the minimum. I do not like that idea. Therefore, I decided to start using my online earnings for paying off debt (and saving, but saving less).

My Latest Step Toward Paying Off Debt

I earned some money from freelance writing last month, and the biggest payout came last week. I promptly transferred this payment from PayPal into my checking account. From there, I made another transfer to, you guessed it, the debt.

I was able to put $110 toward my debt. This one payment was well above the $81 minimum for the month. If I continued making the minimum payment at $81, it would take more than 8.5 years to pay off the debt. And this is without taking into account any balance transfer fees that add between 3 and 5 percent to the balance each time. I could easily be in debt for 10 more years at that rate.

Paying debt needs to be a priority!
Erasing debt is my goal.

If I were to make $110 payments each month, the payout period drops to the six-year range before taking into account balance transfer fees. I always look for 0 percent balance transfer rates so that I minimize the interest payments to the amount of the balance transfer fees. Otherwise, I’d probably have to pay 13 percent or more on the debt, which is way more than I want to.

This payment dropped my original debt amount of $36,000 below $8,000. I’m pretty excited about this, to say the least. However, I’ll be even more excited when I can pay off the whole kit and kaboodle.

Keep Up With My Progress

If you’d like to help me achieve my goal of paying off debt with no expense to yourself, you can make your purchases from Amazon through the link below. You’ll pay the same as you normally would, and I’ll get a small commission. Just click the image below:

You can also sign up for the following sites and start to earn points that can lead to PayPal cash, Amazon cards, or even Bitcoin.

GiftHulk (I’ll earn $0.10 if you sign up)
Earnably (I’ll earn either $0.02 or $0.10 if you sign up, depending upon where you live)
Swagbucks (I’ve earned more than $2,000 from this site, and it’s my favorite. I don’t earn a bonus if you sign up, only if you actually earn.)

Don’t feel obligated to sign up for anything you see on the site. I appreciate people who just stop by to read and/or comment.

How are you using side hustles in your goal of paying off debt? Let me know in the comments.

Sign Up For Updates

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 appreciate the support.

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 sign up with one of these affiliate links, I may earn compensation. I appreciate any support you might provide.

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October 2017 Passive Dividend Income

I’m sitting here waiting for kids to show up and nicely beg for candy. That can mean only one thing. It’s Halloween. I’m also tracking my passive dividend income.

The fact that it’s Halloween means that 10 months of 2017 are down, and only two are left to go. The year has flown by quickly. The month of October also flew by quickly.

I enjoy the end of the month, not because I’m getting older, but because it’s a good time to look back and see how the companies that I own paid me over the month.

Building passive dividend income, slowly, but surely!

I did not make any purchases during the month of October. What I have continued to ride. I currently own shares in eight separate companies and one ETF in my traditional IRA. I may make more purchases this year, and I may not. But I’m happy to own companies that pay me to own them.

October was not a great months in term of paper losses. I lost about $400 in value over the past week. It was also not a great month when it came to dividend payments. Few companies pay out in the first month of each quarter. I own few companies that pay out in the first month of the quarter.

Regardless, my money kept working ALL…Month….LONG!

Passive Dividend Income For October

Without further ado, here are the companies and funds that paid me in October 2017:

Bank of Nova Scotia (BNS)                                                       $6.13
Realty Income Corp (O)                                                             $5.30

Total Dividend Income from IRA                                   $11.43

JP Morgan Equity Income R5 (OIERX)                             $0,48

Total Dividends For October 2017:                             $11.91

This $11.29 was admittedly less than the $15.33 that I received in July, which was the last first month of a quarter. This occurred because I sold General Electric (GE). I’m glad that I sold, although I should have sold well before I did. Since I’ve sold this company, it’s price has dropped by more than $4 a share. Also, there is quite a bit of chatter regarding a possible dividend cut. I’m definitely not in the game to get my income cut so I sold.

I traded the GE for the Bank of Nova Scotia, but my purchase was smaller than the amount of capital I put toward GE initially. Therefore, my dividend income went down.

My dividend income for October brought me up to $348.65 in dividend income for 2017. This is well above what I earned for all of 2016. Furthermore, my passive dividend income for the next 12 months should come in at $490.44 if my calculations are correct.

I’m getting close to the $500 mark in passive income, and I’ve passed the $40 a month mark on average. When I first started out with a small purchase of Apple stock, I expected to make a bit more than $2 in dividend income, so this is a huge increase in a little more than two years. I’m making well above $2 in my worst months.

How was your dividend income for October? Let me know in the comments.

If you’d like to keep up with my progress, be sure to sign up for updates in the email signup box near the top of the page or via the popup that asks you to sign up. You can also follow me on Twitter.

Disclaimer: I am not a professional financial advisor. I intend this information for informational and educational purposes only. Perform due diligence before investing in any equities. See my disclosures page for more information. I’m long O, BNS and OIERX.

Credit Cards

Paying Off Debt With Online Earnings

his year, I’ve been keeping up with my online earnings each month. Most months have seen me earn between $300 and $400+ over the course of a 30-day period. Beginning this summer, I decided to start paying off debt with my earnings as they came in rather than trying to draw them out to invest.

I could theoretically take several years to pay off the debt that I currently owe, but I would like to see it go away ASAP. I came out of graduate school with about $36,000 of debt, and it’s now down to just above $8,000. This is what I’ve accomplished in a little more than four years.

My hope is that I can drop more and more over the next year or two. If I could kill off this debt over the next year, I’d be thrilled.

Paying debt needs to be a priority!
Erasing debt is a goal.

In September/October (my statement closes on the 20th), I was able to pay off $135. While this was not as much as I would have liked, it’s more than $50 above the minimum payment. This is definitely a step in the right direction as far as I’m concerned.

I currently have a 0% rate through about the middle of next year. However, an “average” credit card bill of $10,000 with a 16% annual interest rate would take nearly 28 years to pay off if a cardholder only pays the minimum each month.  That would leave me in debt longer than my mortgage would.

This is why I’m paying off debt at an accelerated rate.

Why Am I Paying Off Debt So Slowly

It may seem that only $135 is a small amount to pay off. It is. There are many people who are able to pay off debt much more quickly.

What’s wrong with me? The answer to this is nothing. Most of the people who pay off massive amounts of debt who cover their journey online are singles or DINKs. I’m neither as I have a wife and kids.

I can’t easily share a frat-like house with four other people and pay $150 in rent each month. I could theoretically eat ramen noodles every day for every meal, but my family has to eat as well.

My Latest Payment

Tonight, I made my latest payment. I’m trying to make payments as often as I get a bit of online income. I cashed out $25 from Swagbucks, and I paid $20 of that toward my debt. I’m going to have some more money coming my way later this week from some freelance writing, so I might be able to make another payment or two before the end of the month.

This will add to my payment for October/November and get me even closer to my ultimate payoff of the debt I accumulated from graduate school.

If you’d like to help me achieve my goal with no expense to yourself, you can make a purchase from Amazon. You’ll pay the same as you normally would, and I’ll get a small commission. Just click the image below

You can also sign up for the following sites and start to earn points that can lead to PayPal cash, Amazon cards, or even Bitcoin.

GiftHulk (I’ll earn $0.10 if you sign up)
Earnably (I’ll earn either $0.02 or $0.10 if you sign up, depending upon where you live)

Don’t feel obligated to sign up for anything you see on the site, as I appreciate people who stop by to read and/or comment.

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 appreciate the support.

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.

Credit Cards

Latest Card Signup–AAdvantage Aviator Red

One of my favorite topics on this blog involves documenting some of the strategies I use to travel cheaply. Signing up for credit card bonuses periodically is one strategy I use.

I don’t sign up for every credit card bonus that rolls around, but I do take advantage of some that help me achieve some goals

You could get to Paris with the AAdvantage Aviator Red and its signup bonus.
You could get to Paris with the AAdvantage Aviator Red and its signup bonus.

. I’m looking to build up enough points to travel to Japan for the Olympics in 2020 as well as a trip or two in the intervening couple of years.

I’d like to travel in business class for the trip to Asia. I’ve never done it, but if I’m going to, I think that a long flight to Hong Kong or Japan would be a good time to try it out. I need a few big signup bonuses to make this happen, which brings me to my latest credit card.

Other travel-related posts:

Getting a Free Honeymoon with a Few Credit Cards

How To Get To Prague On Miles And Five Things To Do Once There

 

The AAdvantage Aviator Red From Barclaycard

The card that I chose to make my latest signup bonus was the AAdvantage Aviator Red from Barclaycard. (This is not a referral link. I do not get any compensation, but I think it’s a good option that I wanted to share.)

The reason? It’s about the easiest signup bonus that I, or anyone else can hope to get.

The card comes with a nice 60,000-mile bonus with American Airlines’ Aadvantage program. There have been options that offered more AA miles before. However, they have required a relatively high level of spending.

Especially when compared with the Aviator Red World Elite MasterCard. You get the 60,000 Aadvantage miles after making a purchase. ONE. Of anything…a pack of gum or a Coke will work. You also have to pay off the $95 annual fee.

Therefore, you could get 60,0001 miles for spending $1 and paying off $95. That’s a total expense of $96, which is not huge when taking into consideration what you could get. Here are some other benefits of the card:

  • 2 miles per dollar spent with American Airlines
  • 1 mile per every dollar spent on everything else
  • A free checked bag on domestic flights
  • 10% of your redeemed miles back each year, up to 10,000 total AAdvantage miles

These are pretty good benefits for no more than you have to spend.

What Can You Get With the Bonus?

With the bonus from the AAdvantage Aviator Red, you can get some pretty good flight options. This bonus of 60,000 miles should get you at least two round-trip economy flights in the continental US.  American Airlines also offers many cities at some pretty hefty discounts.  These reduced mileage awards could mean that you could nearly get three round-trip flights in the US with just a little more spending.

Additionally, it’s possible to get an off-peak saver award to Europe for 45,000 miles. It’s 60,000 miles during the peak season, which means that you can get a round-trip flight to Europe with the signup bonus alone. Just make sure that you take American planes to avoid hefty fuel surcharges that partners like British Airways charge.

This signup bonus can also possibly provide a round-trip flight to the Caribbean or Hawaii if you can find award space.

American Airlines is probably not the best frequent flyer program out there, but this hefty bonus for relatively little effort was too hard to pass up.

Have you signed up for any credit card bonuses lately? Let me know in the comments.

Be sure to sign up to get updates from the blog. Also, if you’ve found this post beneficial, be sure to share the love by clicking the tiles at the bottom of the post. You can also follow me on Twitter.