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I also have other credit cards that earn high percentages of cash back for certain functions. The Chase Freedom card and also the Discover It card may earn 5 percent cash back on purchases in specific classes that rotate each month. I love being able to rack up 5% cash back for things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards travel benefits 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 see an updated list 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 provide you a bonus simply 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 produce a little extra money with no work involved. .
If you want to put 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 those 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 advisor that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to view Bloooms recommendations. If you decide to use their service it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment can lead you through personalized planning based on your personal situation, and then it will create a diversified portfolio and automatically rebalance it. The cost is 0.25percent off your balance, annually.
In terms of being passive, it doesnt get much more passive than allowing technology to do the job for you.
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One way to invest and make money passively would be to automate the process. Acorns is an app which can invest your spare change . When you make a purchase it'll round up to the next dollar and invest the difference. You can even set up automatic recurring investments in case youd like to develop your account quicker. .
If youre looking for a passive side hustle, how about allowing your car to be Utilized as an advertisement
There are some different companies out there that meet up advertisers with automobile owners that 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 really install it for you.
Some of the largest companies in this industry are:.
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One way to earn some money without much effort would be to rent out your stuff to other people. There are a whole lot of possibilities , and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also a number of sites that allow you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to infant things.
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BabyQuip At 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 region that attracts a lot of tourists and vacationers who may not be able to bring everything out of home.
Getaround and Turo These two sites enable you to list your vehicle for rent. People can rent from you rather than going to one of the major chains, and you can produce a few thousand dollars per year doing it.
RVshare RVshare allows you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you've got a boat which you dont use very often, list it for rent on one of those websites.
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If you have a spare bedroom in your house you may make some additional reading money without too much effort by allowing someone to rent the room. It might be a local school 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 sites like:.