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I also 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 may earn 5 percent cash back on purchases in specific classes that rotate each month. I love being able to stand up 5 percent cash back for things I need to buy anyway, such as groceries and gas. .
Personally, I prefer money back credit cards to travel benefits because I find the points system on a great deal 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 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 is an easy method to make a little extra money with no work involved. .
If you want to put your money to work but youre not comfortable picking and managing the investments , a robo advisor could be a great match 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 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. If you choose to use their service it can cost you $10 a month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment can direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and automatically rebalance it. The price is 0.25percent off your balance, annually.
In relation to being passive, it doesnt get much more passive than allowing technology to do the job for you.
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One way to invest and make money passively would be to automate the procedure. Acorns is an program 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 if youd like 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 that meet up advertisers with automobile owners who want to generate a little extra money. It could be a back window advertisement, panel, or full wrap. The advertisement 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 much effort would be to rent out your stuff to other men and women. There are a lot of possibilities , and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several websites that allow you to record your items for rent, and make it easy for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to infant items.
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BabyQuip At BabyQuip you can rent all kinds of baby items from cribs to toys to security gates. This can be an perfect side business, particularly if youre located in a area that attracts a great deal of tourists and vacationers that may not be able to bring everything from house.
Getaround and Turo These two sites enable you to record your vehicle for rent. People can rent out of you rather than going to one of the significant chains, and you can produce a few thousand dollars per year doing it.
RVshare RVshare allows you to set go to my site an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a ship that you 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 house you could 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 live, or you might rent it out nightly. A favorite side hustle is to use sites like:.