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In addition, I have other credit cards that earn higher percentages of money back for certain purposes. Both the Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in particular classes that rotate every month. I really like being able to rack up 5 percent cash back to things I need to buy 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 people love 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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Credit card companies arent the only ones who are willing to pay you to open an account. Some banks will give you a bonus only for opening a checking or savings account. Again, this isnt something that youre going to do all of the time, but it's an effortless way to produce a little extra money with no work involved. .
If you want to place your money to operate but youre not comfortable picking and managing the investments , a robo advisor could 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'll 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 see Bloooms recommendations. If you choose to use their service it can cost you $10 a month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment can lead you through personalized why not look here planning based on your personal situation, and then it will create a diversified portfolio and automatically 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 will invest your spare change automatically. 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 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 car owners who want to generate a little additional money. It might be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll actually look at these guys install it for 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 is to rent your stuff out to other people. There are a lot of possibilities , and it really depends on what you have, and what you dont mind others using. Fortunately, there are also a number of sites that allow you to list your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant things.
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BabyQuip At why not try this out BabyQuip you can rent all kinds of baby items from cribs to toys to security gates. This can be an ideal side business, especially if youre situated in a area that attracts a lot of tourists and vacationers that may not be able to bring everything out of house.
Getaround and Turo These two sites allow you to list your vehicle for rent. Folks can rent out of you rather than going to one of the significant chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare allows you to list 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, set it for rent on one of those 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 might be a local college student, a single person looking for a cheap place to live, or you might rent it out nightly. A popular side hustle is to use sites such as:.