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I also 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 love being able to rack up 5% cash back for things I need to buy anyway, like groceries and gas. .
Personally, I prefer cash back credit cards to travel rewards because 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 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 only for opening a checking account or savings account. Again, this isnt something that youre going to do all of the time, but it is an easy method to produce 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 good match for you. You will find a growing number of companies offering these 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 find a free analysis of your 401(k) to view Bloooms recommendations. If you decide to use their service it can cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment can direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and automatically 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 job for you.
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One way to invest and make money passively is to automate the procedure. Acorns is an program which 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 prefer to develop your account quicker. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are a few different companies out there that meet up advertisers with car owners who want to make some extra money. It could be a back window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll actually install it for you.
Some of the biggest companies in this industry are:.
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One approach to make some money without much effort is to rent your stuff out to other men and women. There are a lot of possibilities , and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also several websites that enable you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent just about anything from electronics, to sporting goods, to infant items.
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BabyQuip At BabyQuip you can rent all kinds of baby things from cribs to toys to security gates. This can be an perfect side business, especially if youre situated in a area that attracts a great deal of tourists and vacationers who might not be able to bring everything out of home.
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 few thousand dollars per year doing it.
RVshare RVshare permits you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a boat which you dont use very often, set it more information for rent on one of these sites.
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When 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 could be a local school student, a single person looking for a cheap place to live, or you might rent it out nightly. A favorite side hustle is to use websites like:.