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In addition, I have other credit cards that earn high percentages of cash back for certain purposes. Both the Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in specific classes that rotate every month. I really like being able to rack up 5% cash back to things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards to travel rewards since I find that the points system on a lot 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, see this page to see 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 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 operate but youre not comfortable picking and managing the investments yourself, a robo advisor might be a good fit for you. There are a growing number of companies offering these services. 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 view Bloooms recommendations. In the event you decide to use their service it will cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. Betterment can direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and rebalance it. The price is 0.25% off your balance, annually.
In relation to 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 would be to automate the process. Acorns is an program that will invest your spare change . When you make a purchase it'll round up to the next dollar and invest the difference. You can also 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 a few different companies out there that meet up advertisers with car owners who want to generate a little extra money. It could 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 make some money without much effort would be to rent out your stuff to other people. There pop over here are a whole lot learn this here now of possibilities here, and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also a number of websites that enable you to record your items for rent, and make it easy for renters to find you. .
Fat Lama At 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 items out of cribs to toys to safety gates. This can be an perfect side business, especially if youre situated in a region that attracts a lot of tourists and vacationers that may not be able to bring everything from house.
Getaround and Turo These two sites enable you to record your vehicle for rent. Folks 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 list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you've got a ship which you dont use very often, set it for rent on one of those websites.
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If 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 could be a local school student, a single person looking for a cheap place to call home, or you could rent it out nightly. A popular side hustle is to use websites like:.