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I also have other credit cards that earn high percentages of cash back for certain purposes. The Chase Freedom card and also the Discover It card may earn 5% cash back on purchases in specific categories that rotate every month. I love being able to rack up 5% cash back for things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards travel rewards 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, see 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 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 way 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 , a robo adviser might 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'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 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 will lead you through personalized planning based on your personal situation, and then it will create a diversified portfolio and automatically rebalance Homepage it. The cost is 0.25percent 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 make money passively is to automate the procedure. Acorns is an program which can invest your spare change automatically. 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 if youd like to grow your account quicker. .
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 match up advertisers with car owners who want to make a little additional money. It might be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your vehicle, and theyll actually install it for you.
Some of the largest companies in this industry are:.
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One approach to earn some money without a lot of effort is to rent out your stuff to other men and women. There are a lot of possibilities , and it really depends on what you have, and what you dont mind others 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 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 from cribs to toys to safety gates. This can be an perfect side business, particularly if youre located in a area that attracts a lot of tourists and vacationers that may not be able to bring everything from house.
Getaround and Turo These two sites allow you to list your vehicle 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 permits 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, list it for rent on one of those sites.
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When you've got 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 school 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 sites like:.