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In addition, I have other credit cards that earn higher percentages of cash back for certain purposes. The Chase Freedom card and also the Discover It card will earn 5% cash back on purchases in specific categories that rotate each month. I really like being able to stand up 5 percent cash back for things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer money back credit cards travel rewards since I find the points system on a lot of travel rewards cards to be confusing. But many men and women enjoy being able to earn points on travel rewards cards. If thats the case for you, see this page to find an updated listing 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 give you a bonus only for opening a checking account or savings account. Again, this isnt something that youre going to do all of the time, but it's an easy way to make a little additional 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 advisor might be a great match for you. There are a growing number of companies offering these 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 view Bloooms recommendations. In the event you decide to use their service it will cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment will direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and rebalance it. The price is 0.25% off your balance, annually.
In relation to being passive, it doesnt get much more passive than allowing technology to do the work for you.
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One way to invest and earn money passively is to automate the process. Acorns is an program which can invest your spare change . When you make a purchase it will round up to the next dollar and invest the difference. You can also set up automatic recurring investments in case youd like to develop your account quicker. .
If youre looking for a passive side hustle, just about allowing your car to be used as an advertisement
There are a few different companies out there that match up advertisers with automobile owners who want to generate some additional money. It might be a back window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, and theyll really install my explanation it to you.
Some of the biggest companies in this industry are:.
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One approach to earn some money without much effort is to rent your stuff out next to other men and women. There are a lot of possibilities here, and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also several websites that allow you to list your items for rent, and make it easy for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to baby items.
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BabyQuip In BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an perfect side business, especially 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 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 major chains, and you can navigate to these guys produce a couple thousand dollars per year doing this.
RVshare RVshare allows you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you've got a ship that you dont use very often, set 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 could be a local college student, a single person looking for a cheap place to call home, or you might rent it out nightly. A popular side hustle is to use sites like:.