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I also have other credit cards that earn higher percentages of cash back for certain purposes. Both the Chase Freedom card and the Discover It card will earn 5% cash back on purchases in specific categories that rotate each month. I really like being able to stand up 5% cash back for things I need to buy anyway, such as groceries and gas. .
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 love being able to earn points on travel rewards cards. If thats the case for you, see 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 simply 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 method to produce a small amount of additional money with no work involved. .
If you want to place your money to operate but youre not comfortable picking and managing the investments yourself, a robo adviser could be a great 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 will handle the rest.
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Blooom is a robo adviser that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. If you choose to use their support it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. 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 work for you.
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One way to invest and earn money passively is to automate the process. Acorns is an app which can invest your spare change . 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 if youd prefer to grow your account faster. .
If youre looking for a passive side hustle, just about allowing your car to be used as an advertisement
There are a few different companies out there which meet up advertisers with automobile owners who want to generate some extra money. It might be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your car, and theyll really install it for you.
Some of the largest companies in this industry are:.
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One approach to make some money without a lot of effort is to rent your stuff out to other people. 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 a number of 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 nearly anything from electronics, to sporting goods, to baby items.
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BabyQuip In BabyQuip you can rent all kinds of baby items from cribs to toys to security gates. This can be an ideal side business, particularly if youre located in a region that attracts a great deal of tourists and vacationers that might not have the ability to bring everything from home.
Getaround and Turo These two sites enable you to list your car for rent. People can rent out of you rather than going to one of the major chains, and you can produce a couple thousand dollars per year doing it.
RVshare RVshare permits you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you go to this web-site have a boat which you dont use very often, set it for rent on one of these websites.
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When you've got a spare bedroom in your house 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 could rent it out nightly. A favorite side hustle is to use websites such as:.