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In addition, I have other credit cards that earn higher percentages of money back for certain purposes. Both the Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in specific classes that rotate every month. I really like being able to stand up 5% cash back to things I need to purchase anyway, like groceries and gas. .
Personally, I prefer cash back credit cards travel rewards because I find the points system on a lot 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 see an updated listing of the best travel rewards credit cards. .
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Credit 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 or savings account. Again, this isnt something that youre going to do all the time, but it's an effortless way to make a small amount of extra 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 advisor might be a great fit for you. There are a growing number of companies offering those 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 adviser that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. In the event you decide to use their support it can cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment will lead 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 earn money passively is to automate the process. Acorns is an program that 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 some different companies out there which meet up advertisers with automobile owners that want to generate some additional money. It might be a rear 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 out your stuff to other people. There are a whole lot of read this possibilities , 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 record your items for rent, and make it easy for renters to find you. .
Fat Lama At Fat Lama you can rent nearly anything from electronics, YOURURL.com to sporting goods, to infant items.
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BabyQuip At BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an ideal side business, especially if youre located in a area which attracts a great deal of tourists and vacationers who may not have the ability to bring everything from home.
Getaround and Turo These two sites enable you to list your car for rent. Folks can rent from you rather than going see this website to one of the significant chains, and you can make a couple thousand dollars per year doing this.
RVshare RVshare allows you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you've got a boat which you dont use very often, list it for rent on one of these websites.
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When you've got a spare bedroom in your home 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 call home, or you could rent it out nightly. A popular side hustle would be to use sites like:.