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In addition, I have other credit cards that earn high percentages of cash back for certain purposes. Both the Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in specific classes that rotate each month. I love being able to stand up 5% cash back for things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer cash back credit cards travel benefits because I find that the points system on a great deal 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, see this page to find 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 provide you a bonus only for opening a checking or savings account. Again, this isnt something that youre going to do all of the time, but it's an easy method to produce 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 could be a great match for you. There are a growing number of companies offering those services. 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 see Bloooms recommendations. In the event you choose to use their service it can cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. 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 price is 0.25percent 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 make money passively is to automate the process. Acorns is an app which will invest your spare change . When you make a purchase it'll round up to the next dollar and invest the difference. You can even set up automatic recurring investments if youd like to develop your account faster. .
If youre looking for a passive side hustle, how about allowing your car to be Utilized as an advertisement
There are a few different companies out there that meet up advertisers with car owners who want to generate some extra money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll actually install it for you.
Some of the largest companies in this industry are:.
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One approach to make some money without much effort would be to rent out your stuff to other people. There are a whole lot of possibilities here, and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several websites that enable you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to baby things.
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BabyQuip At BabyQuip you can rent all kinds of baby things out of cribs to toys to security gates. This can be an perfect side business, especially if youre located in a area which attracts a lot of tourists and vacationers who might not be able to bring everything from home.
Getaround and Turo These two sites enable you to record next your car for rent. People can rent from you rather than going to one of the significant 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 lucrative side hustle.
Boatsetter and GetMyBoat In case you've got a boat that you dont use very often, list it for rent on one of those sites.
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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 space. It might be a local college 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 websites like:.