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April 2016 Passive Dividend Income

Another month has come and gone. Today is the first day of May, and on this past Friday, I got my last dividend notification for the month of April. I’m now about nine months into the dividend growth investing journey. My goal is to build up passive income over time so that I can enjoy a reasonable retirement in a couple of decades. I believe that long-standing dividend payers who have solid cash flows should be reasonable investments for the long term.

I added a couple of small positions over the past month, but neither of these has paid out a dividend yet. I started pooling my dividends in my Loyal3 account in January, and I reached $10 early in April. I then immediately put that $10 to work in a very small starting position in Unilever PLC. My hope is that my growing stream of dividends will enable me to add to this small start each quarter to start with. As my core positions add more in dividend payments, I plan to increase the frequency of these purchases in UL.

I also cashed out some more funds from Swagbucks and started with a $25 position in Starbucks (SBUX). My hope is to alternate Swagbucks payments and build up some smaller positions. Starbucks does not pay a huge dividend at this point, but the company has been increasing its payout rapidly over the past few years. Additionally, the company is still in the growth phase, so I’m hoping that my eventual yield on cost is much higher than my current ~1.4 percent.

I received three dividend payments during the month of April, so without further ado, here they are:

Coca-Cola (KO):                         $2.95

Wal-Mart (WMT):                       $2.48

Bank of Nova Scotia (BNS):     $3.47

Total dividend payments for March:   $8.90

Dividend income for 2016:                      $33.28

My payment from BNS was subject to a 15 percent withholding tax, so only $2.95 went into my DRIP. This purchased another 0.057 shares of BNS, and it will add about $0.12 to my annual dividend income, although this will vary because of foreign exchange rates. I put the other dividends toward the aforementioned  purchase of Unilever. My current forward dividend income for the next 12 months should be right around $131.67 (although this is possibly a slight bit off because of the BNS forex issue). This way more than the grand total of $0 that I expected in yearly dividends at this same time last year. Earning dividends is truly earning money in pajamas. I do no more work after earning the capital. Then my capital goes to work for me.

If you want to keep up with my progress or learn about my other life hacking achievements and goals, be sure to sign up to follow the blog.

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. This post mentions Swagbucks. I usually get $25 worth of PayPal cash each month from this site, and I use it to buy more stocks that then earn me more dividends that can then go and buy more stocks that then pay more dividends…and so forth. Should you choose to sign up, I thank you for your support.

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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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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.

 

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Final 2014 Online Earnings Report

I’ve spent the past couple of years writing this blog, with the first post coming nearly two years to the day prior to this one. In these two years, I’ve set online earnings goals. The first year, I came up short of my $5,000 goal. I set a goal of $450 per month in 2014. That was a total of $5,400 for the year. I came very close to meeting this goal during the year.

I started out the month of December with $4,777.11 in online earnings for the year. This is money that I’ve won while sitting in my recliner, while I’ve been in a foreign country doing short-term mission work, and while I’ve been sitting in a hotel room on vacation. This is over and above my regular paid work. I continued earning money in December. I earned through a few income streams. Here is the money I earned in pajamas during December:

Freelance writing: $466.62

Swagbucks: $50.00

Treasure Trooper: $20.27

This brought my total earnings for December up to $536.89, which was over my monthly earning goal by just over $86.  When I combine this money with the more than $4700 I’d earned through November, my final earnings for 2014 were exactly $5,314. This was just $86 less than my goal for the entire year, which was not terribly shabby, if you ask me. If I am able to keep this up for the next 15 to 20 years, it will definitely add to my retirement funds.

I am not planning to keep a diary of my online earnings after this point, but I think that I’ve at least partially been able to show that, yes, it is quite possible to make some money on the Internet without leaving home. While few people would be able to live on what I’ve made as a main income, this money definitely provides a nice supplement to my main job. I will continue to post other ideas for making money in the future.

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My October Earnings Report Earning Money Online

We’ve now made it into November, the month with all of the turkeys and stuffing. There’s quite a bit to be thankful for. I’ve been able to successfully earn quite a bit of money online this year. I started the month of October with over $4,100 in online income through a variety of sources. As I have in all of the other months this year, I was able to make some more money in October. So, without further ado, here are my online earnings for the month of October 2014. Some was passive, but most was active. My goal is to increase passive income over time.

Freelance writing: $339.73

CashCrate: $34.01

Swagbucks: $25.00

MTurk: $4.90

TOTAL earnings for October: $403.64. My new total for the year is $4,452.14. I’ve already got some money in the hopper for November, so this total is going to increase. How much is still up in the air, but it should sail over the $5,000 level by the end of the year. My goal is to prove that making money online from home is possible, and I think I’ve done it. I’ve even gone over $1,000 in CashCrate earnings in just over two years.

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May and June Earnings Report

I’ve been keeping up with monthly earnings reports for the past year and a half on this site, but alas, I have dropped the ball over the past month. Last month, I was away from home more than I was home, and my busyness kept me from posting a monthly report. Therefore, I’ve decided to combine the past two months into a single report that covers May and June. In case you haven’t read my previous updates, I’d earned $2,201.51 over the first four months of the year as I worked toward my ultimate goal of $450 a month ($5,400 for the year.)

So, here are my earnings from the past two months combined:

Swagbucks: $50.00

Cashcrate: $86.85

Hubpages: $54.30

Qmee: $1.62

Bubblews: $50.07

Freelance Writing: $460.60

TOTAL from May and June: $703.44

Total earnings for the first half of 2014: $2,904.95. I am nearly 54% of the way toward my goal of $5,400 in online earnings over the course of this year. I would point out that I’ve written about Bing Rewards on this site before. I continue to use this site, earning around 26 points per day through easy searches. I’ve been using the earnings for Swagbucks that can be transferred into PayPal cash and frequent flyer miles to keep my accounts current so that I don’t lose any miles. You won’t get rich on Bing Rewards or Swagbucks quickly, but they can definitely add a few bucks to your monthly income.  My hope is to make a few more bucks on here for July than the past few months to get ever closer to proving that I could fully fund an IRA on side Internet work. Summer is still in full swing, so find out how to earn some money on the side during summer here.

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Online Earning Report–February 2014

I’m now in my second year of tracking my earnings online to help people see how it can be done. I’ve now earned over $5,000 in the past 14 months. I set a goal of $5,400 for 2014. I started out the year very strongly, earning $597.33 for January. I continued my work during February. This month is the shortest of the year, so it can be difficult to keep up with online earnings. I still did pretty well. Here are my earning streams. Unfortunately, little of it was passive income, although I’m building up some accrued income that’s not been paid out yet and should be in the next month or so.

Freelance writing: $480.33

Swagbucks: $25.00 (sign up for Swagbucks here–I could earn a referral commission)

Bing Rewards: $3.00 (sign up for Bing Rewards here–I could earn a referral)

MTurk: $3.00 (sign up for MTurk here–there is no referral program with MTurk)

My total earnings for February were $511.33. When added with my earnings for January, I’ve earned $1,108.66, which is 20.5 percent of my annual goal with just 16.6667 percent of the year completed. That means I’m ahead of my goal for the year.

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Is Bing Rewards a Scam

NOTE: Bing Rewards is now Microsoft Rewards. I still use them and earn Amazon gift cards with them, but there is no referral program as there was before. They no longer allow users to get Swagbucks as a reward–hence my use of Amazon gift cards.

One of the first things that I wonder when I find out about another money-making site is whether or not its a scam. I’ve been seeing ads for Bing Rewards for quite some time on Swagbucks (you can sign up for Swagbucks here), and I wondered if Bing Rewards is a scam. I must confess that I just signed up for Bing Rewards because there was a limited-time offer of a 100 Swagbuck (basically $1) sign up bonus.

Earning Bing Rewards Points 

The BIng Rewards program works like many of the other search and earn sites. It is run by Microsoft’s search platform. You perform searches, and you get one point for every two searches that you make through Bing. Unlike a site like Swagbucks, you’re basically limited to 15 points for searching each day until you get to 750 points and Gold status. Then your earning ability goes up to 20 search points per day.

Cashing in Bing Rewards

Rewards range from discount online coupons to the e-gift cards that are familiar with Swagbucks. I don’t usually post a review on this site until I’ve actually been paid by the program under review. This review is the same. I was able to cash out for a $3 Amazon gift card, which I promptly applied to my account. My gift card balance went up by $3, and I used it promptly to buy a book that I was planning to get anyway.

Unlike Swagbucks you cannot get PayPal cash directly from Bing Rewards. The $3 Amazon card that I cashed out required 340 points. After you’ve cashed out a reward and earned 750 points on the site, you are bumped up to Gold Status (the highest available at this point), and you can then get a discount on all of your redemptions. The $3 Amazon card drops from 340 points to 330 points. I’ll have Gold Status by that point and will have to pay only 475 points, rather than the normal 525.

Maxing out Bing Rewards Quickly Every Day

So, to answer the question, is Bing Rewards a scam, no, it is not. It is a legitimate way to make some side income online. It may seem like a very time consuming way to make cash, but it really only takes about a minute a day. When you perform your first search, the site posts some related searches on the right-hand side of the page. You may have to scroll down a bit for these, but they are frequently on the top right of the page. Clicking one of these one after the other will cause the meter to go up very quickly.

Here is my dashboard from Bing Rewards. It shows my last cash out, my goal, and my lifetime earnings.
Here is my dashboard from Bing Rewards. It shows my last cash out, my goal, and my lifetime earnings.

BIng Rewards Is NOT a Scam

Bing Rewards can be a very good way to earn a reward of $5 toward Amazon gift cards each month. You can sign up for Bing Rewards here. Please note that I am eligible for a referral bonus should you use my link. I thank you should you choose to do so. You can still earn by signing up on your own. I have used this site, and will continue regardless. If you want to read up on Swagbucks you can read my Swagbucks review here.

Good luck as you continue to earn money in pajamas.

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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.

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Swagbucks Contest for September

Swagbucks is running another promotion this month through Earn Money in Pajamas. This month, the site is offering a lucky referral who has signed up through this site a $100 e-gift card of their choice.

There are several options available for $100 e-gift cards. Amazon.com is a common choice, but there are also many retailers and restaurants that offer cards on the site. The lucky winner will get their choice from those that are available in the Swagbucks store.

All that is needed to be entered in the contest is to sign up (previous referrals are also eligible) under the referral link on this site that goes to Swagbucks. Any referral who earns at least 100 Swagbucks in addition to the initial signup bonuses before the end of the month is eligible to win. The likelihood of winning is dependent upon the number of people who qualify. This month, if you use the code “earnmoney70” (without the quote marks) when signing up, you will earn 70 additional Swagbucks digital currency that will go toward your first e-gift card.

The best way to earn Swagbucks quickly is by using the site as a search engine. Swagbucks will show up randomly when using the search engine available on the site. I’ve earned between $150-$200 in e-gift cards in less than a year just by searching the web (which I’d do anyway). Again, the first step in qualifying is to sign up for Swagbucks today.