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In addition, I have other credit cards that earn higher percentages of cash back for certain purposes. The Chase Freedom card and the Discover It card may earn 5% cash back on purchases in particular classes that rotate every month. I love being able to rack up 5% cash back to things I need to buy anyway, like groceries and gasoline. .
Personally, I prefer cash back credit cards to travel benefits because 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 who are willing to pay you to open an account. Some banks will provide you a bonus simply for opening a checking or savings account. Again, this isnt something that youre going to do all the time, but it's an effortless method to produce a small amount of additional money with no work involved. .
If you want to put your money to work but youre not comfortable picking and managing the investments , a robo advisor could be a good fit for you. There are a growing number of companies offering those solutions. Youll enter some information related to your age, goals, and risk tolerance, and they will 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 decide to use their service it can cost you $10 per month, adjusted 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 automatically 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 perform the job for you.
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One way to invest and earn money passively would be to automate the process. Acorns is an app 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 her response even set up automatic recurring investments if youd like to grow 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 automobile owners that 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 actually install it to you.
Some of the largest companies in this industry are:.
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One way to make 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've got, 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 Read More Here 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 things out of cribs to toys to security gates. This can be an perfect side business, particularly if youre situated in a area which attracts a great deal of tourists and vacationers that may not have the ability to bring everything from house.
Getaround and Turo These two sites enable you to list your car for rent. Folks can rent from you rather click here to read than going to one of the major chains, and you can produce a couple thousand dollars per year doing this.
RVshare RVshare permits you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you've got a ship that you dont use very often, list 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 much effort by allowing someone to rent the space. It might be a local college student, a single person looking for a cheap place to call home, or you could rent it out nightly. A favorite side hustle is to use websites like:.