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Earning a Dollar a Day

Updated on January 5, 2013

What's the Value of $1 a day?

$1 bills add up when you earn one every day.
$1 bills add up when you earn one every day. | Source

A common goal among people looking to make extra money is to earn a dollar a day online. It isn't unusual for people to spend one hundred hours or even much more to reach this milestone.

Yet this isn't enough extra income to make us rich, and for many people it will barely boost their standard of living.

So why do so many of us put so much effort into earning a dollar a day online?


To Buy More Stuff?

Earning a dollar a day lets us buy more stuff. There are still many things we can buy for a dollar, and we can buy one of those things every day if we earn a dollar a day! If you're not convinced, here are 100 Great Things You Can Buy For / With A Dollar $1.

There are even better things we can buy with earnings of a dollar a day plus patience. We'll earn $30 a month, which is enough to buy almost every book on Barnes & Noble's Top 100 list. After 13 months, we'll have enough to buy an iPad 2 from Walmart.

Poverty Factoids

An estimated 1.3 billion people around the world live on less than $1 a day.

Half of the world's people (nearly 3 billion) live on less than $2 a day.

To Make Up for Our Lack of Savings?

Earning a dollar a day is worth a surprising amount of money when you think about it in terms of how much we'd need to save to earn the same amount of interest.

If we were to invest our dollar a day earnings in a mutual fund with no minimums, our account would be worth $5,264 after 10 years, assuming an average yield of 7%.

To buy a 1-year certificate of deposit (CD) that pays a dollar a day in interest, we'd need to invest $51,408, assuming the CD pays the national average interest rate of 0.71%.

To Experience the Thrill of Earning Passive Income?

For many of us, the reason we're willing to put so much effort into earning a dollar a day is the thrill of earning passive income.

Passive income is income received on a regular basis for which we don't need to put in much effort. While it may take real effort to reach the dollar a day milestone, the beauty of many online activities is we continue to receive that income without further effort.

The specific amount of passive income is not the point. Rather, for people accustomed to making money only in exchange for hard work, the point is we are receiving any real amount of passive income. The dollar a day threshold is only a confirmation that we are receiving real money, instead of mere pennies we wouldn't even bother to pick up.

To Validate Our Writing Skills?

For writers, perhaps the most important reason we seek to earn a dollar a day online is that it validates our writing skills. It'd be difficult to argue that we have good writing skills if nobody reads what we write. Upon reaching the dollar a day threshold, we know that at least some people care enough about what we write to regularly stop by.

Value of Earning a Dollar a Day

What's your biggest motivation for earning a dollar a day?

See results

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    • Express10 profile image

      H C Palting 4 years ago from East Coast

      This is a very interesting hub that puts our efforts into a different light. I write because I like sharing things that I've learned and enjoy passive income.

    • daisydayz profile image

      Chantele Cross-Jones 4 years ago from Cardiff

      I'm now just about on target to be making that dollar a day or very close to it! And it is exciting!! The first time I hit the dollar I phoned my hubby in work to tell him. I do it to help boost our saving for a deposit on our first house!! That is now what all, or nearly all, my online income is for. We hope to buy our first home in around 2 years and the passive income I make will just help add a little to the fun. It does make you realise that if you can make a dollar a day online passively then logically with a bit more work there is no reason why you can't make 5 or even 10 dollars a day and then the money really starts to add up! Great hub voted up and useful!

    • Rosie writes profile image

      Rosie writes 4 years ago from Virginia

      I have never thought about it, but you have touched on every reason why we do this. For me it is the thill of earning a passive income and the close 2nd would be validating my writing skills. Excellent hub!

    • tipstoretireearly profile image
      Author

      tipstoretireearly 4 years ago from New York

      Good luck with meeting your new goal ... it's a good motivator to write!

    • Klavdija Frahm profile image

      Kendi 4 years ago from Slovenia

      That's my new goal for writing online :) I'm quite new here and I'm hoping to earn sam extra $$$, improve my writing skills, share my thought and experiences with world. Voted up, thanks for you hub.

    • eHealer profile image

      Deborah 4 years ago from Las Vegas

      Hey Tips, I really like Hubpages because I write for a living, and most of my work is ghostwriting, and I can't exactly use it for a portfolio! So, the hubs gives me a chance to show my work to prospective clients for jobs. I also like the dollar a day, it does give me a little confidence, and writers aren't exactly known for their confidence. Great hub and you are pinned, fb'd and voted up!

    • jamesbali profile image

      James Bali 4 years ago from London

      It's a great and interesting hub. Keep up the great work!

    • profile image

      Casimiro 4 years ago

      Great hub, as always, TTRE! I'm not sure how much effort I'm going to put in for that dollar a day. It hasn't quite happened yet. I think it will probably become a slush fund when I get that far.

    • ktrapp profile image

      Kristin Trapp 4 years ago from Illinois

      This is a really intriguing question you pose, why put so much effort into earning a dollar a day online. I think when you see that the $1 can turn into $2 or $3 or more per day, you start to see a relationship between effort and earning and so you keep at it. The fact that you can still earn passively is definitely real. There was a time this year when I couldn't produce any new Hubs for about three months. It sure was nice to still reach payout each month without any new effort.

      But for me, I look at HubPages as a hobby that pays me as opposed to costing me. As a web designer and someone that's been around HubPages for more than a year, I have also noticed how much non-technical types have learned about producing content for the Internet and SEO and then see how they apply it to their own blogs or other Internet endeavors. There is definite value in those skills. Nice Hub. Voted up and useful.

    • stephanieb27 profile image

      stephanieb27 4 years ago from United States

      I enjoy writing, but once I get to that $1 a day the added thrill of earning passive income will be exciting. I get excited about the pennies I'm earning daily! :)

    • Michael Tully profile image

      Michael Tully 4 years ago

      So, my $1 a day is like having $51,408 in a savings account! That makes me feel a whole lot better about the time I spend writing hubs. Thanks for the unexpected word of encouragement! Voted up and interesting.

    • billybuc profile image

      Bill Holland 4 years ago from Olympia, WA

      Cool idea for a hub! why do I do it? Because that is the first milestone on the way to making $2 per day, and then $3, and on and on. :)

    • carol7777 profile image

      carol stanley 4 years ago from Arizona

      Interesting value to put on a dollar a day. Never thought of it in these terms. I think I will from now on.