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I also have other credit cards that earn higher percentages of money back for certain purposes. The Chase Freedom card and also the Discover It card will earn 5% cash back on purchases in particular classes that rotate each month. I really like being able to rack up 5 percent cash back for things I need to buy anyway, like groceries and gasoline. .
Personally, I prefer cash back credit cards travel benefits because I find that 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 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 provide you a bonus simply for opening a checking or savings account. Again, this isnt something that youre going to do all the time, but it is an effortless method to make a small amount of extra money with no work involved. .
If you want to put your money to work but youre not comfortable picking and managing the investments , a robo adviser might be a great fit for you. There are a growing number of companies offering those solutions. 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 advisor 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 support it can cost you $10 per month, fixed 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 0.25% off your balance, annually.
In terms of 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 make money passively is to automate the procedure. Acorns is an app that can invest your spare change . When you make a purchase it will round up to the next dollar and invest the difference. You can even set up automatic recurring investments in case youd like to develop 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 which meet up advertisers with car owners who want to generate some extra money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your car, and theyll really install it to you.
Some of the largest companies in this industry are:.
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One way to make some money without a lot of effort would be to rent your stuff out to other men and women. 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 sites that enable you to list 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 baby things.
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BabyQuip In BabyQuip you can rent all kinds of baby items out of cribs to toys to security gates. This can be an ideal side business, particularly if youre situated in a region that attracts a lot of tourists and vacationers that might not be able to bring everything out of house.
Getaround and Turo These two sites enable you to record your car for rent. Folks can rent out of navigate to this website you rather than going to one of the significant chains, and you can make a few thousand dollars per year doing this.
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 boat which you dont use very often, list it for rent on one of these websites.
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When you have 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 click for more info person looking for a cheap place to call home, or you could rent it out nightly. A popular side hustle would be to use sites like:.