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In addition, I have other credit cards that earn higher percentages of money back for certain functions. Both the Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in specific classes that rotate every month. I really like being able to rack up 5 percent cash back for things I need to buy anyway, such as groceries and gas. .
Personally, I prefer money back credit cards travel benefits 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, see 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 give 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 is an easy method to produce a small amount of extra money with no work involved. .
If you want to put your money to operate but youre not comfortable picking and managing the investments , a robo adviser could be a good match 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 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 advisors. Betterment can lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio and rebalance it. The cost is 0.25% off your balance, annually.
In terms of 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 in case youd like to grow your account quicker. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are a few different companies out there which match up advertisers with car owners that want to make a little additional 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 to you.
Some of the largest companies in this industry are:.
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One way to earn some money without much effort is 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 others using. Fortunately, there are also several my company websites that allow you to list your items for rent, and make it easy for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant items.
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BabyQuip In BabyQuip you can rent all kinds of baby items out of cribs to toys to security gates. This can be an perfect side business, especially if youre situated in a area that attracts a lot of tourists and vacationers who might not have the ability to bring everything out of home.
Getaround and Turo These two sites enable you to list your vehicle 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 permits you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you've got a boat that you dont use very often, list it for rent on one go to my blog of these sites.
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If you've got a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the space. visit site It might be a local college 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 such as:.