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In addition, I have other credit cards that earn high percentages of money back for certain purposes. Both 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 rack up 5% cash back for things I need to buy anyway, like groceries and gas. .
Personally, I prefer money back credit cards to travel rewards because I find 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, 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 who are willing to pay you to open an account. Some banks will provide you a bonus only 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 easy method to make a small amount of additional 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 might be a great match for you. There are 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 adviser that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. If you choose to use their service it can cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment can 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 relation to being passive, it doesnt get much more passive than allowing technology to do the view publisher site job for you.
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One way to invest and earn money passively is to automate the process. Acorns is an app which 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, 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 that want to generate a little extra money. It might be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your car, and theyll actually install it to you.
Some of the largest companies in this industry are:.
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One approach to make some money without a lot of effort would be to rent your stuff out to other men and women. There are a lot of possibilities here, and it really depends on what you've got, and what you dont mind other people using. Fortunately, there are also a number of sites that allow you to record 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 In BabyQuip you can rent all kinds of baby things out of cribs to toys to security gates. This can be an ideal side business, especially if youre located in a region which attracts a great deal 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 record your car for rent. Folks can rent from you rather than going to one of the significant chains, and you can make a couple 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 In case you have a boat which you dont use very often, list 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 school student, a single person looking for a cheap place to call home, or you might rent it out nightly. A popular side hustle would be to use sites such as:.