Money Tree

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. 

Money Tree

I’ve Earned $1,000 with CashCrate

Earning money on the Internet without leaving home will usually require a few different income streams. One of the earliest income streams I found was the Get-Paid-To website CashCrate. Some people might wonder if CashCrate is a scam. I can definitely verify that the site is legit. Not only does it pay, I’ve been able to earn more than $1,000 in just over two years dealing with the site. Here’s the proof–a screenshot of my earnings page:

Here's the proof that I've made $1,000 on CashCrate
Here’s the proof that I’ve made $1,000 on CashCrate

CashCrate users can earn money in a variety of ways. Checking in on the site pays $0.03 per day, and there are frequently videos available to watch at $0.02 per pop. These are good to work with while doing other things. Multitasking can add to your stash of money over time. Filling out surveys and completing cash offers are more lucrative. CashCrate also has a solid referral program that can pay dividends for those who work at it.

New users can sign up for CashCrate and get a $1 bonus for their trouble. Payouts on the site start at just $20, and I’ve earned anywhere from the minimum to $300 in any given month. Your earnings will vary should you sign up, but I’m far from the leader as far as earnings are concerned. I’ve seen one individual with nearly $160,000 in earnings and another with about $70,000. While you will probably not get anywhere near this level, earning a few bucks a month for extra spending money or saving can be pretty easy to accomplish. Of course, perseverance is necessary, because sometimes it can be difficult to qualify for some of the surveys. Signing up friends and family can also pay off. I must confess that I’m always happy to cash the check I get from CashCrate. If you’re looking to earn more money without leaving home, sign up and give CashCrate a try.

**Please note that I could receive compensation should you sign up for the programs reviewed on this site. Should you choose to sign up, I thank you for your support.