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In addition, I have other credit cards that earn high percentages of cash back for certain functions. Both the Chase Freedom card and also the Discover It card may earn 5 percent cash back on purchases in specific 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 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 enjoy being able to earn points on travel rewards cards. If thats the case for you, visit this page to find an updated listing 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 only for opening a checking 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 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. You will find 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 get a free analysis of your 401(k) to see Bloooms recommendations. In the event you decide to use their support it will cost you $10 a month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. 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 work for you.
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One way to invest and make money passively is to automate the procedure. Acorns is an app which will invest your spare change . 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 like to grow your account faster. .
If youre looking for a passive side hustle, how 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 make a little extra money. It might be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your car, and theyll actually install it for you.
Some of the biggest companies in this industry are:.
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One way to make some money without much effort would be to rent your stuff out to other men and women. There are a whole lot of possibilities , and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several sites that enable you my explanation to list 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 things.
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BabyQuip In BabyQuip you can rent all kinds of baby things from cribs to toys to security gates. This can be an ideal side business, especially if youre located in a area which attracts a great deal of tourists and vacationers that may not be able to bring everything out of 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 list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you've got a boat that you dont use very often, set it for rent on one of these websites.
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If you've got 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 college student, a single person looking for a cheap place to call home, or you could rent it out nightly. A favorite side hustle would be to use websites like:.