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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 the Discover It card may earn 5 percent cash back on purchases in particular classes that rotate each month. I really like being able to rack 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 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 find an updated listing 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 provide you a bonus simply for opening a checking account or savings account. Again, this isnt something that youre going to do all of the time, but it's an easy method to produce 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 yourself, a robo advisor might be a good fit 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 get a free analysis of your 401(k) to see Bloooms recommendations. If you choose to use their support it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. 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 work 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 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 prefer to develop your account faster. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are some different companies out there that meet up advertisers with automobile owners who want to generate a little additional money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not damage your vehicle, and theyll actually install it for you.
Some of the biggest companies in this industry are:.
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One approach to earn some money without much effort is to rent your stuff out to other people. There are a whole lot of possibilities , a fantastic read and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also a number of sites that allow you to list 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 baby things.
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BabyQuip In BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an ideal side business, particularly if youre situated in a region which attracts a great deal of tourists and vacationers that may not have the ability to bring everything from home.
Getaround and Turo These two sites enable you to record your car for rent. People can rent from you rather than going to one of the significant chains, and you can make a couple thousand dollars per year navigate here doing this.
RVshare RVshare allows you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you have a boat which you dont use very often, set it for rent on one of these sites.
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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, view it a single person looking for a cheap place to live, or you might rent it out nightly. A favorite side hustle would be to use sites like:.