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I also have other credit cards that earn higher percentages of cash back for certain purposes. Both the Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in particular classes that rotate each month. I really like being able to rack up 5 percent cash back to things I need to buy anyway, like groceries and gasoline. .
Personally, I prefer cash back credit cards travel rewards 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, see this page to find 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 simply for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it's an easy way to make 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 might be a great match for you. You will find a growing number of companies offering these services. Youll enter some information related 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 support it will cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment can lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio and rebalance it. The cost is 0.25percent 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 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 faster. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are some different companies out there which meet up advertisers with automobile owners that want to generate a little additional money. It might be a rear window advertisement, panel, or full wrap. The ad 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 is 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 baby things.
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BabyQuip In BabyQuip you can rent all kinds of baby things out of cribs to toys to security gates. This can be an ideal side business, especially if youre situated in a region that attracts a great deal of tourists and vacationers that may not have the ability to bring everything from house.
Getaround and Turo These two sites enable you to list your car for rent. People can rent out of you rather than going to one of the major go to this website chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare permits you to set an RV for rent, which can be a potentially lucrative see this website side hustle.
Boatsetter and GetMyBoat In case you've got a ship which you dont use very often, set it for rent on one of those sites.
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When you've got visit this site right here a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the room. It could be a local school student, a single person looking for a cheap place to call home, or you might rent it out nightly. A popular side hustle would be to use websites like:.