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In addition, I have other credit cards that earn higher percentages of money back for certain purposes. 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 really like being able to rack up 5% cash back to things I need to purchase anyway, such as groceries and gas. .
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, visit 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 that 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 of the time, but it is an easy method to make a little additional money with no work involved. .
If you want to put your money to operate 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 those solutions. 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 see 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 will 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 find this get much more passive than allowing technology to perform the job for you.
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One way to invest and make money passively would be to automate the procedure. 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 in case 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 a few different companies out there that match up advertisers with automobile owners that want to make some extra money. It might be a back window advertisement, panel, or full wrap. The ad will be removable, will not damage your vehicle, and theyll really install it for you.
Some of the largest companies in this industry are:.
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One approach to make some money without much effort is to rent your stuff out to other men and women. There are a 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 published here record your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant items.
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BabyQuip At BabyQuip you can rent all kinds of baby items from cribs to toys to safety gates. This can be an ideal side business, particularly if youre located in a area which attracts a great deal of tourists and vacationers that might not be able to bring everything out of house.
Getaround and Turo These two sites allow you to list your car for rent. Folks can rent out of you rather than going to one of the major chains, and you can produce a couple thousand dollars per year doing this.
RVshare RVshare permits you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you have a ship that you dont use very often, list it for rent on one of these sites.
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If you've got a spare bedroom in your house you may make some money without too much effort by allowing someone to rent the room. It might be a local college student, a single person looking for a cheap place to live, or you could rent it out nightly. A favorite side hustle is to use sites such as:.