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I also have other credit cards that earn higher percentages of money back for certain functions. The Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in particular categories that rotate every month. I really like being able to rack up 5 percent cash back to things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer cash back credit cards to travel rewards because I find the points system on a great deal of travel rewards cards to be confusing. But many people enjoy being able to earn points on travel rewards cards. If thats the case for you, see this page to find 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 only for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it is 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 yourself, a robo adviser might be a great fit for you. There are 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 adviser that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to view Bloooms recommendations. In the event you choose to use their support it will cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. Betterment can lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio and automatically 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 do websites the work for you.
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One way to invest and earn money passively is to automate the procedure. Acorns is an app that can 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 Utilized as an advertisement
There are some different companies out there which meet up advertisers with car owners that want to make a little extra money. It might be a rear window advertisement, panel, or full wrap. The advertisement 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 earn some money without much effort would be to rent your stuff out to other people. 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 explanation are also a number my explanation of sites that enable you to record 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 At BabyQuip you can rent all kinds of baby things out of cribs to toys to safety gates. This can be an ideal side business, especially if youre located in a area which 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 record your car for rent. Folks can rent from you rather than going to one of the major chains, and you can make a couple thousand dollars per year doing it.
RVshare RVshare permits you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you have a ship which you dont use very often, list it for rent on one of those sites.
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If 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 might rent it out nightly. A favorite side hustle would be to use sites such as:.