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In addition, I have other credit cards that earn higher percentages of cash back for certain functions. The Chase Freedom card and also the Discover It card will earn 5% cash back on purchases in specific categories that rotate every month. I love 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 to travel benefits since I find 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 see an updated listing 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 simply 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 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 , a robo adviser could be a great fit for you. There are a growing number of companies offering those services. 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 find a free analysis of your 401(k) to see Bloooms recommendations. If you choose to use their service it will cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. Betterment will direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and automatically rebalance it. The price is 0.25percent off your balance, annually.
In relation to being passive, it doesnt get much more passive than allowing technology to do the work 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 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 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 that meet up advertisers with automobile owners who want to generate some additional money. It could be a back 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 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've got, 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 easy for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to infant things.
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BabyQuip At BabyQuip you can rent all kinds of baby items out of cribs to toys to safety gates. This can be an ideal side business, particularly if youre located in a area which attracts a great deal of tourists and vacationers who might not be able to bring everything out of home.
Getaround and Turo These two sites allow you to record your vehicle for rent. Folks see here now can rent out of you rather than going to one of the significant chains, and you can produce a few 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 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 could 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 could rent it out nightly. A popular side hustle would be to use websites such as:.