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I also have other credit cards that earn high percentages of money back for certain functions. The Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in specific categories that rotate every month. I really like being able to stand up 5 percent cash back to things I need to purchase anyway, like groceries and gas. .
Personally, I prefer money back credit cards travel rewards since I find that 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 see an updated list of the best travel rewards credit cards. .
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Charge card companies arent the only ones that are willing to pay you to open an account. Some banks will give 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 effortless method to make a small amount of extra money with no work involved. .
If you want to place your money to work but youre not comfortable picking and managing the investments yourself, a robo advisor could be a good match for you. You will find a growing number of companies offering these solutions. Youll enter some information related 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 find 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, 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 cost is 0.25% off your balance, annually.
In terms of being passive, it doesnt get much more passive than allowing technology to do the work for you.
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One way to invest and earn money passively is to automate the procedure. Acorns is an app that will invest your look at these guys 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 grow your account quicker. .
If youre looking for a passive side hustle, how about allowing your car to be Utilized as an advertisement
There are some different companies out there which meet up advertisers with automobile owners that want to make a little additional money. It could be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your car, and theyll actually install it to 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 your stuff out to other men and women. 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 sites 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 nearly anything from electronics, to sporting goods, to baby things.
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BabyQuip At BabyQuip you can rent all kinds of baby items from cribs to toys to safety gates. This can be an ideal side business, especially if youre situated in a region which attracts a great deal of tourists and vacationers who might not be able to bring everything from house.
Getaround and Turo These two sites enable you to list your vehicle for rent. People can rent out of 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 rewarding side hustle.
Boatsetter and GetMyBoat If you have a boat which you dont use very often, list it for rent on one of these websites.
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When you have a spare bedroom in your home you could make some money without too much effort by allowing someone to rent the space. It might be a local school 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 websites like:.