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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 percent cash back on purchases in particular classes that rotate each month. I love being able to rack up 5% cash back for things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer cash back credit cards travel benefits because I find the points system on a great deal 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 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 give you a bonus only for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it is an easy method to produce a little additional 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 advisor could be a great fit 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 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 view Bloooms recommendations. If you decide to use their service it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment will direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and rebalance it. The price is 0.25% 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 is to automate the process. Acorns is an program 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 also set up automatic recurring investments if 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 which meet up advertisers with basics automobile owners that want to make some additional 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 for you.
Some of the largest companies in this industry are:.
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One approach to earn some money without a lot of effort would be to rent your stuff out to other people. There are a whole lot of possibilities here, and it really depends on what you have, and what you dont mind other people 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 just about anything from electronics, to sporting goods, to baby things.
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BabyQuip In BabyQuip you can rent all kinds of baby things out of cribs to toys to safety gates. This can be an ideal side business, especially if youre located in a region that attracts a lot of tourists and vacationers who may not have the ability to see here now bring everything out of home.
Getaround and Turo These two sites allow you to record your car for rent. People can rent from you rather than going to one of the significant chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare permits you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a ship which you dont use very often, set it for rent on one of these 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 space. It could be a local college student, a single person looking for a cheap place to live, or you could rent it out nightly. A favorite side hustle is to use sites like:.