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Online Earnings For January 2017

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

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

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

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

Online Earnings For January

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

Swagbucks:                                      $75.00
Freelance Writing:                      $259.60

Total Online Earnings 1/17:  $334.60

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

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August 2015 Passive Dividend Earnings

Earning passive income is really one of the best ways to earn money from the office, home, the store, or wherever you might be, because it comes in at all hours of the day no matter what you might be doing at any given time. Getting more and more passive income is one of my goals. I’ve started to buy stocks that provide me with dividends on a regular basis. I’m focused on stocks that have paid steady or increasing dividends over a period of years through all sorts of economic conditions.

In late July, I opened an account with Loyal3, which is an online source for purchasing stock. The platform is pretty cool because you’re able to become a partial owner in some really profitable companies like Apple, Coca-Cola, Nike, and McDonald’s without paying any fees. I’ve also recently opened another brokerage account with another outfit because Loyal3 only has around 60-65 companies from which you can purchase stock. If you want to branch out into a sector or company that’s not included, you have to do it with another broker. Regardless, one of my purchases from early in August paid a dividend after I bought in, so without further ado, here is my dividend income from the month of August:

Apple, Inc (AAPL)  $0.64

You’ve read this right. I earned a whopping 64 cents in dividends, which was a regular quarterly dividend of $0.52 per share. When multiplied by my 1.2313 share stake in Apple, you get 64 cents. This is admittedly a very small chunk of change, and many people might wonder why I’d even bother. However, I would argue that the journey of a thousand miles begins with the first step. Without the first 64 cents, the first $1,000 or $10,000 cannot be earned. Unless I put more money into Apple in the next couple of months, I’ll get another $0.64 in November. I also intend to build up positions in additional great companies with great products over the upcoming months and years while also adding to existing positions over time. I also intend to use my dividends to accelerate the purchase of additional stock. The goal is to have this regular income pay for some of my expenses when I hit retirement age in a few decades. The earlier I start, the more the admittedly small dividends will start to grow exponentially.

How many dividends did you get for not working in August?

Disclaimer: I am not a professional financial advisor. This site is for informational/educational/motivational purposes. Be sure to contact a certified financial advisor or accountant before making investment decisions. 

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Earn Money from Home to Pay off Debt

Debt is a serious problem in the United States. The national debt is now around $20 trillion (that is 20 and 12 zeroes behind it). College students can borrow up to six figures to earn a degree. This is a very big deal for new college students, because they graduate with a ton of debt that hampers their ability to get ahead in life. Earning some extra money in spare time can help toward paying off debts and help debtors start to get ahead in their finances.

Debt Can Cause Stress
Debt can cause stress!

Debt That’s Not Bad

Some debt can be necessary or even advisable. Few people will be able to buy a house with cash, for example. Additionally, a home mortgage makes quite a bit of sense in many parts of the country because the monthly expense incurred in buying a decent starter home can cost much less than the monthly rent payment. Buyers can recoup much of the money pay into a mortgage, but they only enrich others by renting. Borrowing a little bit to get a degree in engineering or nursing might make sense because of the increased income possibilities that will be available after earning the degree.

Bad Debt

There is debt that is pretty useless, however. Buying a Starbucks coffee on credit is not the best financial move by any stretch of the imagination. Rather than paying $5, the cost might wind up being double when the interest involved in paying off the card is added in. A $10 cup of coffee would have to be very, very good to justify the expense.

In thinking of biblical finances, the Scriptures talk about debt and the crippling effect that it his on the lives of those who owe. Proverbs 22:7 (ESV) notes:

7 The rich rules over the poor,
and the borrower is the slave of the lender.

While many people think that people are poor because of some fault of their own, this is not necessarily the case. However, you would be hard-pressed to find anyone who is poor that has power over any government nationwide. Poor people don’t tend to run major companies. This is not saying anything against the poor, it is just saying that they have less control over their lives.

Debt Literally Led To Slavery

In the day that the author wrote the proverb, the borrower could very well wind up a slave of the lender. Selling oneself into slavery to pay off a debt was fairly common in the ancient world. Debtor’s prisons were even common (for the poor) in early American history. Those who owed money traditionally had several negative consequences that could come about. Today, there is the possibility of negative aspects of  bankruptcy, and filing for bankruptcy hurts the ability to get certain jobs and definitely hampers the ability to get credit in the future.

For these reasons, you should keep debt to a minimum.  Teens as young as 13 can take some of the tips offered on this site to start making some additional money to get a good start, and adults can start making a few bucks a day to help with monthly finances. Both those who want to pay off debt and those who want to stay out of debt can benefit by trying to earn money in pajamas from home in their spare time.

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