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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 will earn 5% cash back on purchases in specific classes that rotate each month. I really like being able to rack up 5% cash back to things I need to purchase anyway, like groceries and gasoline. .
Personally, I prefer cash back credit cards to 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 find an updated list of the best travel rewards credit cards. .
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Credit card companies arent the only ones that 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 of the time, but it's an easy way to make a small amount of 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 adviser could be a great fit for you. There are 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 adviser that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to see Bloooms recommendations. In the event you choose to use their support it can cost you $10 per 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 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 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 app that can invest your spare change . When you make a purchase it'll round up to the next dollar and invest the difference. You can even set up automatic recurring investments in case 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 some different companies out there that match up advertisers with car owners who want to generate a little additional money. It might be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll really install it for you.
Some of the largest companies in this industry are:.
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One way to make some money without a lot of effort would be to rent your stuff out to other men and women. There are a whole lot of possibilities , and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also several sites that enable you to list your items for rent, and make it easy for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to infant items.
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BabyQuip Recommended Site At BabyQuip you can rent all kinds of baby items from cribs to toys to security gates. This can be an perfect side business, particularly if youre situated in a region that attracts a lot of tourists and vacationers who might not be able to bring everything from home.
Getaround and Turo These two sites allow you to list your vehicle for rent. People can rent from you rather than going to one of the major chains, and you can make a couple thousand dollars per year doing it.
RVshare RVshare allows you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you have a boat that 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 house you may make some money without too much effort by allowing someone to rent the Check Out Your URL room. It might be a local school student, a single person looking for a cheap place to live, or you might rent it out nightly. A favorite side hustle is to use websites like:.