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I also have other credit cards that earn higher percentages of cash back for certain purposes. The Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in particular categories that rotate each month. I really like being able to rack up 5 percent cash back for things I need to buy anyway, like groceries and gas. .
Personally, I prefer cash back credit cards to travel benefits since I find that 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, visit 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 who are willing to pay you to open an account. Some banks will give you a bonus only for opening a checking account or savings account. Again, this isnt something that youre going to do all of the time, but it is an effortless way to produce a little additional money with no work involved. .
If you want to place your money to work but youre not comfortable picking and managing the investments , a robo advisor could be a good 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'll handle the rest.
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Blooom is a robo advisor that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to see Bloooms recommendations. In the event you choose to use their service it will cost you $10 a 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 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 perform the job for you.
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One way to invest and make money passively would be to automate the process. 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 prefer 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 which match up advertisers with automobile owners that want to make 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 way to earn 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've got, and what you dont mind others using. Fortunately, there are also several 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 nearly anything from electronics, to sporting goods, to baby things.
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BabyQuip At BabyQuip you can rent all kinds of baby things from cribs to toys to security gates. This can be an ideal side business, particularly if youre located in a region which attracts a lot of tourists and vacationers who click for info may not have the ability to bring everything from home.
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 major chains, and you can produce a few thousand dollars per year doing it.
RVshare RVshare allows 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, list it for rent on one of those sites.
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When you have a spare bedroom in your house 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 call home, or you might rent it out nightly. A popular side hustle is to use sites such as:.