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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 the Discover It card will earn 5% cash back on purchases in specific classes that rotate every month. I love being able to stand up 5 percent cash back for things I need to buy anyway, such as groceries and gas. .
Personally, I prefer money back credit cards travel benefits because I find that 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 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 provide you a bonus only for opening a checking or savings account. Again, this isnt something that youre going to do all the time, but it's an easy method to produce a little additional 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 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 see Bloooms recommendations. If you decide to use their support it will cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular 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 cost is 0.25% off your balance, annually.
In relation to being passive, it doesnt get much more passive than this website allowing technology to do the work for you.
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One way to invest and earn money passively is to automate the procedure. Acorns is an program that will invest your spare change automatically. 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 if youd like to grow 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 which meet up advertisers with automobile owners that want to generate some extra money. It could be a rear window advertisement, panel, or full wrap. The ad 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 much effort is blog to rent your stuff out to other people. There are a lot of possibilities , and it really depends on what you've got, and what you dont mind other people 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 At Fat Lama you can rent just about anything from electronics, to sporting goods, to infant items.
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BabyQuip In 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 situated in a area which attracts a great deal of tourists and vacationers that may not have the ability to bring everything out of home.
Getaround and Turo These two sites enable you to list your vehicle for rent. People can rent websites out of 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 lucrative side hustle.
Boatsetter and GetMyBoat In case you have a boat that you dont use very often, list it for rent on one of these sites.
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When you have a spare bedroom in your house you could make some money without too much effort by allowing someone to rent the space. It could be a local college student, a single person looking for a cheap place to call home, or you might rent it out nightly. A favorite side hustle would be to use sites such as:.