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In addition, I have other credit cards that earn high percentages of cash back for certain purposes. Both the Chase Freedom card and also the Discover It card will earn 5% cash back on purchases in specific classes that rotate every month. I love being able to stand up 5% cash back for things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards travel rewards since I find the points system on a lot of travel rewards cards to be confusing. But many people love being able to earn points on travel rewards cards. If thats the case for you, visit this page to find an updated listing 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 simply for opening a checking account or savings account. Again, this isnt something that youre going to do all of 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 yourself, a robo advisor might be a great match for you. You will find a growing number of companies offering those services. 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 get a free analysis of your 401(k) to see Bloooms recommendations. In the event you choose to use their service it will cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. Betterment can lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio and automatically rebalance 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 earn money passively would be to automate the procedure. 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 even 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 used as an advertisement
There are some different companies out there which match up advertisers with automobile owners who want to generate some extra money. It might be a back window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll actually install it for you.
Some of the biggest companies in this industry are:.
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One way to earn some money go right here without much effort would be to rent out your stuff 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 others using. Fortunately, there are also several websites that allow you to list your items for rent, and make it easy for renters to find you. .
Fat Lama At Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant items.
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BabyQuip At BabyQuip you can rent all kinds of baby things from cribs to toys to security gates. This can be an ideal side business, especially if youre situated in a region that attracts a lot of tourists and vacationers that might not be able to bring everything out of house.
Getaround and Turo These two sites enable you to list your vehicle for rent. Folks can rent from 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 rewarding side hustle.
Boatsetter and GetMyBoat If you have a ship which you dont use very often, set it for rent on one of those sites.
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If you've got a spare bedroom in your house you could make some money without too much effort by allowing someone to rent the room. It might be a local school student, a single person looking for a cheap place to live, or you could rent it out nightly. A favorite side hustle would be to use sites like:.