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In addition, I have other credit cards that earn higher percentages of cash back for certain functions. Both the Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in particular categories that rotate every month. I really like being able to stand up 5% cash back to things I need to buy anyway, like groceries and gas. .
Personally, I prefer cash back credit cards travel benefits since I find that the points system on a lot of travel rewards cards to be confusing. But many men and women enjoy being able to earn points on travel rewards cards. If thats the case for you, see this page to see an updated list 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 or savings account. Again, this isnt something that youre going to do all the time, but it's an effortless method to make 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 adviser might be a great fit for you. You will find a growing number of companies offering those services. 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 get a free analysis of your 401(k) to view Bloooms recommendations. If you decide 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 can direct you through personalized planning based on your personal situation, and then it will make 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 make money passively would be to automate the process. Acorns is an app that can 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 quicker. .
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 which meet up advertisers with car owners that want to generate some additional money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your car, 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 here, and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several sites 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 nearly anything from electronics, to sporting goods, to baby things.
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BabyQuip At BabyQuip you can rent all kinds of baby items from cribs to toys to security gates. imp source This can be an ideal side business, particularly if youre located in a region which attracts a lot of tourists and vacationers that may not have the ability to bring everything from home.
Getaround and Turo These two sites allow you to list your car for rent. People 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 this.
RVshare RVshare allows you to list an RV for rent, which can be a potentially lucrative explanation side hustle.
Boatsetter and GetMyBoat If you've got a ship which you dont use very often, set it for rent on one of those websites.
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When you have a spare bedroom in your home you could make some money without too much effort by allowing someone to rent the room. It might be a local college student, a single person looking for a cheap place to call home, or you might rent it out nightly. A favorite side hustle would be to use websites such as:.