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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% cash back on purchases in particular categories that rotate each month. I love 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 the points system on a lot 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 listing 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 is an effortless way 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 might be a great match for you. There are 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 get a free analysis of your 401(k) to view Bloooms recommendations. If you decide 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 advisors. Betterment can direct you through personalized planning based on your personal situation, and then it will create 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 do the job for you.
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One way to invest and make money passively would be to automate the process. Acorns is an program that can invest your spare change automatically. When you make go right here 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 prefer to develop your account faster. .
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 that match up advertisers with automobile owners that want to make some extra money. It could be a back window advertisement, panel, or full wrap. The advertisement 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 earn some money without much effort is to rent your stuff out to other people. There are a lot of possibilities here, and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also several sites that enable you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent just about anything from electronics, to sporting goods, to infant items.
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BabyQuip In BabyQuip you can rent all kinds of baby things out of cribs to toys to security gates. This can be an ideal side business, especially if youre located in a region that attracts a great deal of tourists and vacationers who might not be able to bring everything out of house.
Getaround and Turo These two sites allow 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 make a few thousand dollars per year doing it.
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 that you dont use very often, set it for rent on one of these websites.
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If you have a spare bedroom in your home you could make some money without too why not find out more 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 might rent it out nightly. A popular side hustle would be to use websites like:.