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In addition, I have other credit cards that earn high percentages of cash back for certain functions. The Chase Freedom card and the Discover It card may earn 5% cash back on purchases in specific categories that rotate each month. I love being able to stand up 5 percent cash back for things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer cash 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 people enjoy being able to earn points on travel rewards cards. If thats the case for you, see this page to find 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 only for opening a checking or savings account. Again, this isnt something that youre going to do all the time, but it's an easy method to make a little extra money with no work involved. .
If you want to place your money to operate 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 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 adviser that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to view Bloooms recommendations. If you choose to use their service it will cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment will lead you through personalized planning based on your personal situation, and then it will create a diversified portfolio and rebalance it. The cost is 0.25percent off your balance, annually.
In terms of 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 would be to automate the process. Acorns is an program which will 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 in case youd like 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 some different companies out there that meet up advertisers with automobile owners who want to generate some additional money. It might be a rear window advertisement, panel, or full wrap. The advertisement will navigate here be removable, will not damage your car, and theyll really install it for you.
Some of the biggest companies in this industry are:.
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One approach to earn some money without much effort would be to rent out your stuff to other people. There are a whole 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 enable you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to baby items.
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BabyQuip In BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an ideal side business, especially if youre located in a region which attracts a great deal of tourists and vacationers that might not be able to bring everything from home.
Getaround and Turo These two sites allow you to list your car for rent. Folks can rent out of you rather than going to one of the significant chains, and you can produce a few thousand dollars per year doing it.
RVshare RVshare allows you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you have a ship which you dont use very often, set it for rent on one of those websites.
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When you've got a spare bedroom in your house you may 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 live, or you could rent it out nightly. A popular side hustle is to use sites such as:.