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In addition, I have other credit cards that earn higher percentages of money back for certain purposes. The Chase Freedom card and the Discover It card will earn 5% cash back on purchases in specific categories that rotate every month. I love being able to stand up 5% cash back for things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer cash back credit cards to travel benefits because I find that 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 find 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 only for opening a checking or savings account. Again, this isnt something that youre going to do all of the time, but it's an easy method to make a small amount of additional 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 adviser could be a good fit for you. There are a growing number of companies offering these services. Youll enter some information related to your age, goals, and risk tolerance, and they will handle the rest.
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Blooom is a robo adviser 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 support it can cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment can direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and rebalance it. The price is 0.25percent off your balance, annually.
In terms of being passive, it doesnt get much more passive than allowing important source technology to perform the work for you.
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One way to invest and make money passively would be to automate the process. Acorns is an program which can invest your spare change . When you make a purchase it will round up to the next dollar and invest the difference. You can even set up automatic recurring investments if youd like to develop 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 that match up advertisers with automobile owners who want to generate some additional money. It might be a rear window advertisement, panel, or full wrap. The ad 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 make some money without a lot of effort is to rent your stuff out to other men and women. There are a whole lot of possibilities here, and it really depends on what you have, and what you dont mind others using. Fortunately, there are also a number of sites that allow you to list 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 items.
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BabyQuip At BabyQuip you can rent all kinds of baby things out of cribs to toys to safety gates. This can be an perfect side business, especially if youre located in a region that attracts a great deal 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 significant chains, and you can make a couple thousand dollars per year doing this.
RVshare RVshare allows you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a ship which you dont use very often, list it for rent on one of those sites.
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If you have a spare bedroom in your house you may make some money without too much effort by allowing someone to rent the room. 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 websites like:.