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I also have other credit cards that earn higher percentages of money back for certain functions. Both the Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in particular categories that rotate each month. I love being able to rack up 5% cash back to things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer money 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 men and women love 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 the time, but it's an easy way to produce a little additional money with no work involved. .
If you want to place your money to operate but youre not comfortable picking and managing the investments yourself, a robo advisor might be a good match 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 adviser that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. If you choose to use their support it will cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. 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 would be to automate the process. 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 in case youd like to grow your account quicker. .
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 match up advertisers with automobile owners who want to make some additional money. It could be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not harm 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 a lot of 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 have, and what you dont mind others using. Fortunately, there are also several 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 nearly anything from electronics, to sporting goods, to infant items.
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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 perfect side business, particularly if youre located in a region which attracts a lot of tourists and vacationers who might not be able to bring everything from house.
Getaround and Turo These two sites enable you to record your car for rent. Folks can rent from you rather than going to one of the significant chains, and you can produce a couple thousand dollars per year doing this.
RVshare RVshare permits you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you've got a ship which you dont Web Site use very often, set it for rent on one of those websites.
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If you have a spare bedroom in your home 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 would be to use websites like:.