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In addition, I have other credit cards that earn higher percentages of money back for certain functions. The Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in specific categories that rotate every month. I love being able to stand up 5% cash back to things I need to buy anyway, like groceries and gas. .
Personally, I prefer money back credit cards travel rewards because I find the points system on a great deal of travel rewards cards to be confusing. But many people enjoy being able to earn points on travel rewards cards. If thats the case for you, see this page to find an updated list of the best travel rewards credit cards. .
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Charge card companies arent the only ones who are willing to pay you to open an account. Some banks will provide you a bonus only for opening a checking or savings account. Again, this isnt something that youre going to do all of the time, but it's an easy method to make a little additional money with no work involved. .
If you want to place your money to operate but youre not comfortable picking and managing the investments , a robo adviser might be a great fit for you. You will find a growing number of companies offering those services. Youll enter some information related to your age, goals, and risk tolerance, and they will handle the rest.
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Blooom is a robo advisor that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to view Bloooms recommendations. In the event you choose to use their service it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment can direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and rebalance it. The cost is 0.25percent off your balance, annually.
In terms of being passive, it doesnt get much more passive than allowing technology to perform the job for you.
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One way to invest and earn money passively would be to automate the process. Acorns is an app which will invest your spare change . When you make a purchase it will round up to the next dollar and invest the difference. You can even set up automatic recurring investments in case youd like to develop your account faster. .
If youre looking for a passive side hustle, just about allowing your car to be Utilized as an advertisement
There are a few different companies out there which match up advertisers with car owners that want to generate some extra money. It could be a back window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, websites and theyll really install it for you.
Some of the biggest companies in this industry are:.
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One way to earn some money without much effort would be to rent out your stuff to other men and women. There are a whole lot of possibilities here, and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several sites that enable you to list your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to infant items.
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BabyQuip At BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an perfect side business, especially if youre situated in a area that attracts a great deal of tourists and vacationers who may not be able to bring everything out of home.
Getaround and Turo These two sites allow you to list your car for rent. People can rent out of you rather than going to one of the significant chains, and you can produce a couple thousand dollars per year doing this.
RVshare RVshare permits you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you have a boat which you dont use very often, set it for rent on one of those websites.
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If you have a spare bedroom in your home you could make some money without too much effort by allowing someone to rent the room. It might be a local school student, a single person looking for a cheap place to live, or you might rent it out nightly. A favorite side hustle would be to use sites like:.