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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 will earn 5 percent cash back on purchases in specific classes that rotate each month. I love being able to rack up 5 percent cash back to 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 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 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 give you a bonus simply for opening a checking or savings account. Again, this isnt something that youre going to do all of the time, but it's an effortless way 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 adviser might be a great match for you. You will find a growing number of companies offering these solutions. 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. In the event you choose to use their service 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 will lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio and rebalance it. The cost is 0.25% 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 earn money passively would be to automate the procedure. Acorns is an program which can invest your spare change automatically. When you make a purchase it will round up to the next dollar and invest the difference. You can also 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 that match up advertisers with car owners that want to visit the website make a little additional money. It might be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, 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 a lot of effort is to rent your stuff out to other men and women. There are a whole lot of possibilities here, and it really depends on what you've got, and what you dont mind other people using. Fortunately, there are also a number of websites that enable you to list your items for rent, and make it effortless 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 that attracts a great deal of tourists and vacationers who may not have the ability to bring everything from home.
Getaround and Turo These two sites allow you to record your car for rent. Folks can rent from you rather than going to one of the significant chains, and you can make 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 If you have a ship that you dont use very often, set it for rent on one of these sites.
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When you've got a spare bedroom in your house you may 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 could rent it out nightly. A popular side hustle is to use sites such as:.