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I also have other credit cards that earn high percentages of money back for certain functions. Both the Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in specific categories that rotate each month. I love being able to stand up 5 percent cash back for things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards to travel benefits since I find that 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 see an updated listing of the best travel rewards credit cards. .
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Charge card companies arent the only ones who are willing to pay you to open an account. Some banks will give you a bonus simply for opening a checking or savings account. Again, this isnt something that youre going to do all of the time, but it is 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 adviser could be a good fit for you. There are a growing number of companies offering those services. Youll enter some information related 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 view Bloooms recommendations. If you choose 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 hottest robo advisers. Betterment can direct you through personalized planning based on your personal situation, and then click to read more it will make a diversified portfolio and automatically rebalance it. The cost is 0.25% off your balance, annually.
In relation to being passive, it doesnt get much more passive than allowing technology to do the job for you.
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One way to invest and earn money passively is to automate the process. Acorns is an program which will 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 in case youd prefer 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 a few different companies out there that match up advertisers with car owners that want to generate a little extra money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll really install it for you.
Some of the biggest companies in this industry are:.
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One approach to earn some money without much effort would be to rent out your stuff to other people. There are a whole lot of possibilities here, and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several sites that enable you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent just about anything from electronics, to sporting goods, to infant things.
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BabyQuip At BabyQuip you can rent all kinds of baby items out of cribs to toys to security gates. This can be an ideal side business, especially if youre located 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 record your vehicle for rent. Folks can rent out of you rather than going to one of the major chains, and you can make a few thousand dollars per see here now year doing it.
RVshare RVshare allows 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 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 house you may make some money without too much effort by allowing someone to rent the space. It might be a local school 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 like:.