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In addition, I have other credit cards that earn high percentages of money back for certain functions. The Chase Freedom card and the Discover It card will earn 5% cash back on purchases in particular classes that rotate each month. I really like being able to rack up 5% cash back for things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer cash back credit cards to travel rewards because I find that the points system on a lot of travel rewards cards to be confusing. But many people love being able to earn points on travel rewards cards. If thats the case for you, see 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 that are willing to pay you to open an account. Some banks will provide you a bonus simply for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it's an effortless method to make a little 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 good match 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 get a free analysis of your 401(k) to view Bloooms recommendations. In the event you decide to use their service it will cost you $10 a month, adjusted 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 create a diversified portfolio and automatically rebalance it. The price is 0.25% off your balance, annually.
In terms of being passive, it doesnt get much more passive than allowing technology to perform the work for you.
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One way to invest and earn money passively would be to automate the procedure. Acorns is an program that will invest your spare change . When web link you make a purchase it will round up to the next dollar and invest the difference. You can also set up automatic recurring investments in case youd prefer 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 a few different companies out there which meet up advertisers with automobile owners that want to generate some additional money. It could be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll really install it to you.
Some of the largest companies in this industry are:.
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One way to make some money without a lot of effort is to rent your stuff out to other people. There are a whole 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 websites that allow you to list your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to baby items.
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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 situated in a area which attracts a lot of tourists and vacationers that may not have the ability to bring everything out of house.
Getaround and Turo These two sites allow you to list your car for rent. Folks can rent out of you rather than going to one of the major chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare permits you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you've got a boat that you dont use very often, set it for rent on one of these sites.
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If you have a spare bedroom in your home you could make some money without too much effort by allowing someone to rent the room. Visit Your URL It might be a local college student, a single person looking for a cheap place to call home, or you might rent it out nightly. A favorite side hustle would be to use websites such as:.