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I also have other credit cards that earn higher percentages of cash back for certain functions. Both the Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in specific categories that rotate each month. I really like being able to rack up 5% cash back for things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards travel rewards because I find that the points system on a great deal of travel rewards cards to be confusing. But many men and women love being able to earn points on travel rewards cards. If thats the case for you, visit this page to find an updated listing of the best travel rewards credit cards. .
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Charge card companies arent the only ones that are willing to pay you to open an account. Some banks will provide you a bonus only for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it is an effortless way to produce a little additional money with no work involved. .
If you want to put your money to operate but youre not comfortable picking and managing the investments yourself, a robo adviser might be a great match for you. There are a growing number of companies offering those solutions. 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 adviser that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to view Bloooms recommendations. If you choose to use their service it can cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. Betterment can direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and rebalance it. The cost is 0.25% off your balance, annually.
In relation to being passive, it doesnt get much more passive than allowing technology to perform the work for you.
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One way to invest and make money passively is to automate the process. Acorns is an program which can invest your spare change automatically. When you make a purchase it will round up to the next dollar and invest the difference. You can also set up automatic recurring investments in case youd prefer to grow your account quicker. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are some different companies out there that match up advertisers with car owners who want to make a little additional money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll actually install it for you.
Some of the largest companies in this industry are:.
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One approach to earn some money without much effort would be to rent out your stuff to other men and women. There are a lot of possibilities , and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also a number of websites that enable you to list your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent nearly anything from you can look here electronics, to sporting goods, to infant items.
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BabyQuip In BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an ideal side business, especially if youre located in a region that attracts a lot of tourists and vacationers that may not have the ability to bring everything out of house.
Getaround and Turo These two sites allow you to record your vehicle for rent. Folks can rent out of you rather than going to one of the major chains, and you can make a few thousand dollars per year doing it.
RVshare RVshare allows you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you've got a boat which you dont use very often, list it for rent on one of these sites.
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When you've got a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the space. It might be a local college student, a single person looking for a cheap place to live, or you might rent it out nightly. A popular side hustle is to use sites like:.