Tag Archives: earn money in pajamas

More Passive Income–Bank of Nova Scotia

I’ve been putting a bit of money to work when I’ve had the opportunity in recent months, as I’ve come to the realization that over time, with enough money, that money will start working harder than I can to make more money. Passive income is the best income because it truly allows me to earn money in pajamas. Making money while watching TV or sleeping is the purpose of this blog. My dividend income is not a massive river of income at this point, but I have eight small streams that are coming together to make a somewhat less small stream. My hope is to increase the water (dividends) flowing through each of the channels (companies) that I’ve carved out so that I’ll be able to replace a big chunk of my income when it comes time to retire.

This month, I decided to bring the third of my three companies in my TradeKing account (get $50 for signing up for TradeKing, funding an account, and making some trades) up to right around $300 in total capital invested in each. I made my first purchase of 3 shares of Bank of Nova Scotia stock back in early September. This company has already paid me a dividend, and I decided to increase the forward dividend income that I’ll get from BNS. I purchased another 3 shares at an average cost of $47.04 when adding in the $4.95 transaction charge from TradeKing. This latest purchase will add an approximate  $6.57 to my annual dividend income (the foreign exchange rate will cause this to fluctuate). This additional income brings my estimated dividend income for the next 12 months up to $80.11. While this is not a massive amount of income, it would buy me about 4 hours of freedom next year if I were to figure that my work pays me an average of $20 an hour after taxes are taken out.  Increasing my capacity for earning money while in my pajamas is something that I’m looking forward to achieving.

Disclaimer: I am not an investment professional. Please make sure that you consult an investment professional before investing in securities, as you can lose money on your trades. I may receive compensation when you sign up for the some of the programs promoted on this site. 

Recent Stock Purchases

Last week, I decided to use some money that I’d come into to buy some more stocks with my Loyal3 account.  I had a total of $75 to invest, along with my first $2.62 in dividend income.  I’ve decided to reinvest dividend income so that I can keep the dividend snowball adding additional dividend income, which is a great way to passively earn money in pajamas. As I’ve stated many times before earning money from home is a great thing. The more dividends I can amass over time, the more money I will make in pajamas.

Because you can only purchase whole dollar amounts from Loyal3, this meant that I had a total of $77 to invest. I have positions in five companies through Loyal3, so I decided to pretty much invest an equal amount in each. The exception to this was my position in Kellogg (K), which I just opened with a $25 investment. Therefore, I had $15 going to McDonald’s, Wal-Mart, Apple, and Coca-Cola. I decided to reinvest my dividend income into Kellogg to help this investment catch up in terms of my total capital outlay. My purchases added the following amounts to my positions:

Loyal3 91815 purchase

While this might not seem like I’ve added a great deal to any of these stocks (and that would be a correct assessment), it nonetheless is just another brick in the dividend wall that should help with my expenses as I age. My goal is to supplement any pensions, 401k accounts, and social security payments that I might get. My additional estimated annual dividend income from each of these purchases are:

WMT: $0.46

MCD: $0.52

K: $0.50

KO: $0.50

AAPL: $0.27

Therefore, these small purchases of additional fractional shares of five large cap, blue chip companies add a total of $2.25 to my annual dividend income. My total expected dividend income from my Loyal3 and TradeKing portfolios is now up to $48.53. While this might seem like a pitiful amount of money, it takes time and invested capital to get this income up. Were I not to put any more capital to work in the next year, I should see a bit of an increase from dividend increases. As of now, I’ll average just over $4 in dividend income each month. However, my goal is to add to this as funds become available so that I can earn more money in pajamas because passive income is the best income.

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.

Top 3 Ways to Earn Money in Summer 2015

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.

 

Adding Qmee to Your Online Earning Options

In the past couple of online earnings reports that I’ve given, I’ve included a few cents here and there from a program called Qmee. This is one of those search and earn websites that I’ve written about before. I just came upon it in the past few month. It appears that the site shares the ad revenue that it gets from certain advertisers.

Getting Qmee added to your browser is pretty easy. You can sign up for Qmee here, and then you just download the program and it will add a little widget to your task bar like so:

Qmee Widget
The Qmee widget on my Chrome browser’s task bar

 

This is a screenshot of my Google Chrome browser. I’ve noticed no ill effects to my computer since downloading the program. You can search with just about any major search engine. I’ve been able to earn using both Bing and Google. When you use a search query that pays out, Qmee will add certain additional results that will pay out if you use them. Here’s an example of just such a search:

Qmee results
Qmee Search Results that Pay

Note that I will get 5 cents from visiting one of the sites listed. I’m a Marriott Rewards member, so I can then fumble around on there for a few seconds and earn a nickel. Are you going to get rich using Qmee? Probably not, but it is a legitimate way to earn a few bucks here and there for doing what you’re doing anyway. The coolest thing about Qmee is the ability you have to cash out at any time and at any level. If all I had in my piggy bank (yes, your funds are held in what looks like a piggy bank) was the 5 cents that I just got from clicking on Marriott.com, I could cash it out to PayPal right then. It would be in my account literally within minutes (I’ve checked). If you just click on the widget in the first image above, it will then look like this if you’ve signed into the program:

Qmee Cashout
How to Cash Out with Qmee

You can then click on the “cash out my piggybank” and then transfer the funds to PayPal. Again, this will not pay off your car next month, unless you owe less than $5.00, but it can add up to a bit of pocket change over time. If you wait all year to cash out, you might have enough for a meal, but hey it’s basically free money that you’ve been able to earn in your pajamas without leaving home while doing something you’d be doing anyway. Again, you can sign up for Qmee here.

Note: If you decide to sign up for Qmee, I can be compensated on your first cashout. I appreciate any and all support.  

 

 

January 2014 Earning Money in Pajamas

Last year, I kept track of my progress monthly to show how close I was getting to my annual goal of $5,000 in online earnings. I was short of this total, and I was only able to earn a little over $4,300. I was not frustrated, though, because that was $4,300 I would not have earned had I not started out with a goal to make money online.

This year, I decided to up the ante, and set a goal of $450 per month for 2014, which comes out to $5,400 for the year. I’m using many of the same income streams that I had before, but I’ll also try to bring in a few more over the course of the year to see how other options work. Without further ado, here is my first earnings report for 2014. In January, I earned from the following sources:

CashCrate: $22.40

Swagbucks: $125.00

Amazon’s MTurk: $5.32

Freelance Writing: $444.61

Total for January 2014: $597.33

Total for 2014: $597.33

Amount remaining before reaching 2014 goal: $4,802.67

This was a much better start to my year than last January, in which I only brought in $187.31. If I can keep up my current rate, I should be able to meet my goal of earning money in pajamas this year.

Earning Money in Pajamas–August Earnings Report

I’ve started a new full-time job in the past few weeks, so I’ve not been quite as active in trying to make money online. The goal is to build up residual income over time that will help pay a bill or two without any additional work on my part. In July, I had gotten well over half-way toward my goal of earning $5,000 this year while sitting at home in my pajamas.

During August, I continued working on earning some extra money, although my time available for doing so was much less. I began August with $3,296.79, which was well over half-way toward my ultimate goal. During the month, I earned the following:

CashCrate: $74.18

Treasure Trooper: $26.80

Freelance Writing: $356.71

Total Amount Earned in Pajamas during August: $457.69. Of this, around $100 was passive income–the best kind of income that there is.

This amount brought my total earnings for the year up to a whopping $3,754.48. With four months left in the year, I’m just over $1,200 from my ultimate online goal of earning $5,000 for the year. I’m hoping I can make it. One of the reasons I want to make more money as I go through the rest of the year is to make some extra money to pay for Christmas presents. I will have more information on my September earnings in short order.

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.

Image Credit: all-free-download.com

Earn Money at Home with Treasure Trooper

Earning money in pajamas frequently requires using a variety of earning streams. Some will be very similar in some ways. One of the ways that I’ve used to earn money without leaving home over the past few weeks is the site Treasure Trooper. Treasure Trooper is much like CashCrate, which I’ve already reviewed here.

Treasure Trooper is a Get Paid To (GPT) site on which users can complete a number of cash offers or surveys that pay. Many of these are the same options that are available on CashCrate. One of the biggest differences is the email notifications that Treasure Trooper offers for surveys and offers that might be beneficial to certain users. Treasure Trooper

The image above shows that I have gotten paid by Treasure Trooper. They initially pay users with a check, and these checks can actually be requested at any time that members request it after they have at least $20 in their account. There is a $0.50 fee for requesting the automatic payout. Otherwise, the check will be sent after the 15th of the month in which the member earns $20.

Treasure Trooper also has a number of games that people can play. Therefore, users will earn Dragon Scales, Arrowheads, or other “Treasure” to finish these games. People can get dragon eggs and then hatch them, raise the dragons to maturity, and sell them for amounts that start around $5. I’ve not done much with these games, but I do have a dragon that needs touches.

Treasure Trooper is a fun site in some ways with the games and such, but I’ve been much more active on CashCrate because of the much better referral program. CashCrate offers users a greater percentage of their referrals’ earnings after certain levels are met. The games are more entertaining on Treasure Trooper, but it seems like more time is spent to earn money, in my opinion. I’ve used both and gotten paid by both, so they are definitely not scams. I can say without reservation that Treasure Trooper is not a scam, but rather a legitimate way to earn a few extra dollars from home.

Earning Money in Pajamas–March Earnings

I’m doing a yearlong experiment in trying to make money in pajamas without leaving home. (I do have a more “regular” job, so this is not all of my income.) I’ve been making updates to my monthly online earnings for the past couple of months. As stated earlier in the year, I am attempting to earn $5,000 online this year. That adds up to just a little over $400 per month. Through February, I had earned $442.70. Here is a link to my last report.

I continued working toward my goal during March and did a bit better than January.

I did more work as a freelance writer and earned a total of $156.10 on the freelancing site I use.

I also did a bit of work at Amazon’s MTurk at cashed out $6.61. You can sign up at Amazon.com for MTurk to do micro work. (I do not get a referral credit if you do.)

Finally, I received a check from CashCrate for $32.87. (I get referral credit if you sign up using the link. If you do, I thank you.)

This brings my total online earnings for the month to a total of $195.58. My total online earnings for the year are now up to $638.28. Just over $4,300 to go to make my goal.