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I also have other credit cards that earn high percentages of money back for certain purposes. Both the Chase Freedom card and also the Discover It card may earn 5% cash back on purchases in particular classes that rotate each month. I love being able to rack up 5 percent cash back for things I need to buy anyway, like groceries and gasoline. .
Personally, I prefer cash back credit cards to travel benefits because I find that the points system on a great deal of travel rewards cards to be confusing. But many men and women enjoy being able to earn points on travel rewards cards. If thats the case for you, see this page to see 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 give 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 easy way to produce a little additional money with no work involved. .
If you want to place your money to work but youre not comfortable picking and managing the investments yourself, a robo adviser might be a good match for you. You will find a growing number of companies offering those solutions. Youll enter some information linked to your age, goals, and risk tolerance, and they'll 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. In the event you choose to use their support it can cost you $10 a month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment can lead you through personalized planning based on your personal situation, and then it will make 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 job for you.
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One way to invest and earn money passively would be to automate the procedure. Acorns is an app which will invest your spare change automatically. When you make a purchase it'll round up to the next dollar and invest the difference. You can also set up automatic recurring investments if youd like to develop your account faster. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are a few different companies out there which match up advertisers with automobile owners who want to generate some additional money. It could be a back window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, and theyll really install it to you.
Some of the biggest companies in this industry are:.
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One way to make some money without a lot of effort is 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 websites that enable you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent just about anything from electronics, to sporting goods, to baby things.
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BabyQuip In BabyQuip you can rent all kinds of baby things out of cribs to toys to safety gates. This can be an ideal side business, particularly if youre located in a region that attracts a lot of tourists and vacationers that might not have the ability to bring everything from house.
Getaround and Turo These two sites enable you to list your vehicle for rent. People can rent from you rather than going to one of the significant chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare allows you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you have a boat which you dont use very often, set it for rent on one of these sites.
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When you have a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the space. It could be a local school student, a single person looking for a cheap place to call home, or you might rent it reference out nightly. A favorite side hustle is to use sites like:.