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In addition, I have other credit cards that earn high percentages of money back for certain functions. The Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in particular classes that rotate every month. I really like being able to stand up 5 percent cash back to things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer cash back credit cards travel rewards since I find the points system on a great deal 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, visit this page to see an updated list of the best travel rewards credit cards. .
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Charge 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 or savings account. Again, this isnt something that youre going to do all of the time, but it's an effortless method to produce a small amount of extra 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 these services. 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 advisor that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to see Bloooms recommendations. If you decide to use their support it can cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. Betterment can lead 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 terms of being passive, it doesnt 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 process. Acorns is an app that can invest your spare change automatically. 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 used as an advertisement
There are some different companies out there which match up advertisers with automobile owners who want to generate some extra money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, and theyll really install it to you.
Some of the biggest companies in this industry are:.
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One approach to make some money without a lot of effort is to rent your stuff out to other people. There are a whole lot of possibilities here, and it really depends on what you've got, and what you dont mind other people using. Fortunately, there are also a number of websites that allow you to record your items for rent, and make it easy for renters to find you. .
Fat try these out Lama At Fat Lama you can rent nearly anything from electronics, to sporting goods, to baby things.
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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 perfect side business, particularly if youre located in a area that attracts a lot of tourists and vacationers who might not have the ability to bring everything out of home.
Getaround and Turo These two sites allow you to record your vehicle for rent. People can rent from you rather than going to one of the major chains, and you can make a couple thousand dollars per year doing this.
RVshare RVshare permits you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you've got a ship which you dont use very often, set it for rent on one of those sites.
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If you've got a spare bedroom in your house you could make some 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 call home, or you might rent it out nightly. A popular side hustle is to use sites such as:.