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In addition, I have other credit cards that earn high percentages of cash back for certain functions. The Chase Freedom card and also the Discover It card will earn 5% cash back on purchases in particular classes that rotate every month. I really like 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 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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Charge 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 the time, but it's an effortless way to make 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 yourself, a robo advisor could be a great fit for you. There are a growing number of companies offering those solutions. 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 advisor that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to view Bloooms recommendations. In the event you choose to use their support 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 my blog it will create a diversified portfolio and rebalance it. The price is 0.25percent 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 earn money passively would be to automate the process. Acorns is an program that can invest your spare change automatically. 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 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 that meet up advertisers with automobile owners who want to generate some additional money. It could be a back window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, and theyll actually install it to you.
Some of the biggest companies in this industry are:.
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One way to make some money without much 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 several sites that enable 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 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 perfect side business, especially if youre located in a region that attracts a lot of tourists and vacationers who might not be able to bring everything out of home.
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 produce a few thousand this link dollars per year doing it.
RVshare RVshare permits you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you've got a ship that you dont use very often, set it for rent on one of these sites.
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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 room. It could be a local school student, a single person looking for a cheap place to call home, or you could rent it out nightly. A popular side hustle is to use sites like:.