In today's world, there are numerous ways to make money online, and one such way is through online surveys. For many, the idea of making money from surveys seems far-fetched or even scammy. However, there is an alternative way to look at doing online surveys that could change your mind about them.
Let's consider the example of two survey companies -
SURVEOO and
REWARDINGWAYS. Both companies offer users the opportunity to complete surveys and earn money. It's not uncommon for users to make around $60 per month by completing surveys in their spare time. While $60 per month may not seem like a lot of money, there is an alternative perspective that could change your outlook on this earning opportunity.
Imagine that you invested the $60 you made each month from online surveys into a blue chip stock that pays $180 in dividends each quarter. Blue chip stocks are companies that have a long-standing history of stability and financial success, making them a reliable investment. If you were to invest your monthly earnings into such a stock, you would effectively be investing $720 each quarter, which would earn you $180 in dividends.
One such example of a blue chip stock is Coca-Cola (KO), which is currently trading at around $55 per share and pays a quarterly dividend of $0.42 per share. To make $180 per quarter in dividends, you would need to own around 429 shares of Coca-Cola, which would cost you roughly $23,595 to purchase. This is where the value of doing online surveys comes in.
By earning $60 per month from online surveys, you would be able to accumulate $720 each quarter, which would effectively give you the same earnings as owning 429 shares of Coca-Cola. Of course, the obvious difference here is that the stock asset itself can go up in value, while online surveys do not have the potential to increase in value. However, if you're just starting out and don't have the funds to buy the right amount of shares, putting your money into the stock market will take time.
This is where online surveys come in handy. You can start earning money from surveys immediately without having to wait to accumulate a significant amount of capital. You can start investing your earnings from surveys into blue chip stocks, and over time, your investments will grow, and you can earn more significant returns.
Furthermore, the money earned from online surveys can be used for other investment opportunities, such as mutual funds, exchange-traded funds (ETFs), or even starting a small business. The point is that online surveys can provide a starting point for building a diversified investment portfolio that can generate passive income over time.
In conclusion, while online surveys may seem like a small source of income, they can be a valuable tool for building a diversified investment portfolio. By investing your earnings from online surveys into blue chip stocks, you can generate a passive income that can grow over time. So, if you're looking to start investing but don't have a lot of capital, consider starting with online surveys as a way to build your investment portfolio.
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