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I also have other credit cards that earn high percentages of cash back for certain functions. Both the Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in particular classes that rotate every month. I really like being able to stand up 5% cash back for things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards to travel benefits because I find 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, visit this page to see an updated list of the best travel rewards credit cards. .
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Credit card companies arent the only ones who are willing to pay you to open an account. Some banks will give you a bonus only for opening a checking or savings account. Again, this isnt something that youre going to do all the time, but it is an easy way to produce a small amount of additional money with no work involved. .
If you want to put your money to work but youre not comfortable picking and managing the investments yourself, a robo advisor could be a great match for you. You will find a growing number of companies offering these services. 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 advisor 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 service it will 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 create a diversified portfolio and rebalance it. The price 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 is to automate the procedure. Acorns is an app that will invest your spare change automatically. 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 some different companies out there which match up advertisers with car owners who want to generate some additional useful reference money. It might be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll actually install it to you.
Some of the biggest companies in this industry are:.
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One way to make some money without much effort is 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 allow 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 infant items.
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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, especially if youre located in a region that attracts a lot of tourists and vacationers that may not have the ability to bring everything from home.
Getaround and Turo These two sites enable you to record your car for rent. Folks can rent from you rather than going to one of the major chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare allows you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a boat that you dont use very often, set it for rent on one of these websites.
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If you've got a spare bedroom in your house you may make some money without too much effort by allowing someone to rent the room. It could be a local college student, a single person looking for a cheap place to live, or you could rent it out nightly. A favorite side hustle would be to use websites such as:.