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In addition, I have other credit cards that earn higher percentages of cash back for certain purposes. Both the Chase Freedom card and also the Discover It card may earn 5% cash back on purchases in specific classes that rotate each 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 cash back credit cards to travel benefits because I find that the points system on a lot of travel rewards cards to be confusing. But many men and women love being able to earn points on travel rewards cards. If thats the case for you, visit this page to see an updated list 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 provide you a bonus simply for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it's an easy way to produce a small amount of additional money with no work involved. .
If you want to place your money to work but youre not comfortable picking and managing the investments , a robo adviser might be a great fit for you. You will find a growing number of companies offering these 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. In the event you choose to use their service 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 will direct 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 earn money passively would be to automate the process. Acorns is an app which will 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 quicker. .
If youre looking for a passive side hustle, just about allowing your car to be used as an advertisement
There are some different companies Full Report out there which match up advertisers with car owners who want to generate 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 way to earn some money without here much effort would be to rent your stuff out to other people. There are a whole lot of possibilities , 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 record your items for rent, and make it easy for renters to find you. .
Fat Lama At Fat Lama you can rent nearly anything from electronics, click for source to sporting goods, to baby items.
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BabyQuip At BabyQuip you can rent all kinds of baby things out of 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 have the ability to bring everything from home.
Getaround and Turo These two sites allow you to record your car for rent. Folks can rent out of you rather than going to one of the significant chains, and you can make a few thousand dollars per 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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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. It could be a local school student, a single person looking for a cheap place to live, or you might rent it out nightly. A popular side hustle would be to use sites such as:.