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In addition, I have other credit cards that earn higher percentages of cash back for certain purposes. Both the Chase Freedom card and 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 to things I need to purchase anyway, such as groceries and gas. .
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 people enjoy 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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Credit 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 account or savings account. Again, this isnt something that youre going to do all the time, but it is an easy method to produce a small amount of extra money with no work involved. .
If you want to put your money to work but youre not comfortable picking and managing the investments yourself, a robo advisor could be a good fit for you. There are 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 decide 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 hottest robo advisers. Betterment will direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and automatically rebalance it. The price is 0.25% off your balance, annually.
In terms of 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 that will invest your spare change . 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 in case youd like to develop your account faster. .
If youre looking for a passive side hustle, just 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 make a little additional money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, and theyll really install it to 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 your stuff out to other people. There are a whole lot of possibilities , and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also a number of websites that allow 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 official site baby items.
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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 perfect side business, especially if youre situated in a region that 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 enable you to list your car for rent. People can rent out of you rather than going to one of the major chains, and you can produce a couple thousand dollars per year doing it.
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 boat that you dont use very often, set it for rent on one of those sites.
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If you've got a spare bedroom in your house you could make some money without too much why not find out more effort by allowing someone to rent the room. It could be a local college student, a single person looking for a cheap place to live, or you might rent it out nightly. A popular side hustle is to use sites like:.