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In addition, I have other credit cards that earn high 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 every month. I love being able to rack up 5 percent cash back to things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer money 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, visit this page to find 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 provide you a bonus only for opening a checking account or savings account. Again, this isnt something that youre going to do all of the time, but it's an easy way to produce a small amount of 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 could be a good match for you. You will find a growing number of companies offering these 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 advisor that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to see Bloooms recommendations. In the event you choose to use their support it will cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment will 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 terms of 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 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 even 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 Utilized as an advertisement
There are some different companies out there which match up advertisers with car owners that want to make a little additional money. It could be a back window advertisement, panel, or full wrap. The ad will be removable, will not harm your car, and theyll really install it for you.
Some of the biggest companies in this industry are:.
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One way to earn some money without a lot of effort would be to rent your stuff out to other men and women. There are a lot of possibilities here, and it really depends on what you see post 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 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 area that attracts a great deal of tourists and vacationers who might not have the ability to bring everything out of house.
Getaround and Turo These two sites allow you to record your vehicle 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 this.
RVshare RVshare allows you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you have a ship that you dont use very often, set it for rent on one of those sites.
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If you've got a spare bedroom in your home you could 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 could rent it out nightly. A favorite side hustle is to use sites like:.