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In addition, I have other credit cards that earn higher percentages of money back for certain functions. The Chase Freedom card and the Discover It card will earn 5% cash back on purchases in specific categories that rotate each month. I love being able to stand up 5 percent cash back to things I need to buy anyway, like groceries and gasoline. .
Personally, I prefer money back credit cards to travel rewards because I find 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, visit this page to see an updated list 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 give 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 is an effortless method to produce a little extra money with no work involved. .
If you want to place your money to operate but youre not comfortable picking and managing the investments yourself, a robo advisor could be a good match for you. You will find a growing number of companies offering those solutions. Youll enter some information related to your age, goals, and risk tolerance, and they will 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. In the event you choose to use their support it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment can lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio and 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 job for you.
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One way to invest and earn money passively is to automate the procedure. Acorns is an app that can invest your spare change automatically. When you make a purchase it'll round up to the next dollar and invest the difference. You can also set up automatic recurring investments in case 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 which match up advertisers with car owners who want to generate some extra money. It might be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your car, 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 is to rent your stuff out to other men and women. There are a whole lot of possibilities , and it really depends on what you've got, and what you dont mind other people using. Fortunately, there are also a number of sites that allow you to record your items for rent, and make it easy for renters to find you. .
Fat Lama At Fat Lama you can rent just about anything from electronics, to sporting goods, to infant items.
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BabyQuip In 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 situated in a region which attracts a great deal of tourists and vacationers who might not be able to bring everything out of house.
Getaround and Turo These two sites enable you to list your vehicle for rent. People can rent from 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 set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you've got a ship which you his response dont use very often, list it for rent on one of those websites.
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If 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 could be a local school student, a single person looking for a cheap place to live, or you could rent it out nightly. A favorite side hustle would be to use sites like:.