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In addition, I 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 will earn 5% cash back on purchases in particular categories that rotate each month. I love being able to stand up 5% cash back to things I need to buy anyway, like groceries and gasoline. .
Personally, I prefer cash back credit cards travel rewards because I find that the points system on a lot 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 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 or savings account. Again, this isnt something that youre going to do all 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 work but youre not comfortable picking and managing the investments yourself, a robo adviser might be a good fit for you. There are a growing number of companies offering these 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 view Bloooms recommendations. If 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 can direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and automatically 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 do the work for you.
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One way to invest and make money passively would be to automate the process. 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 prefer to develop your account quicker. .
If youre looking for find more a passive side hustle, just about allowing your car to be Utilized as an advertisement
There are a few different companies out there that meet up advertisers with automobile owners who want to make a little additional money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll actually 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 is to rent your stuff out to other men and women. There are a lot of possibilities here, and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also several sites 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 nearly anything from electronics, to sporting goods, to infant things.
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BabyQuip At BabyQuip you can rent all kinds of baby items from cribs to toys to safety gates. This can be an perfect side business, particularly if youre located in a region which attracts a great deal of tourists and vacationers that may not have the ability to bring everything from home.
Getaround and Turo These two sites allow you to list your car for rent. Folks can rent from you rather than going to one of the major chains, and you can make a few thousand dollars per year doing this.
RVshare RVshare permits you to list an RV for rent, right here which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you have a boat which you dont use very often, list it for rent on one of those 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 room. It might be a local college student, a single person looking for a cheap place to call home, or you could rent it out nightly. A popular side hustle is to use sites such as:.