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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 will earn 5% cash back on purchases in particular classes that rotate each month. I love being able to stand up 5% cash back to things I need to buy 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 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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Charge 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 the time, but it is an effortless method to produce a small amount of 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 adviser could be a good fit for you. You will find a growing number of companies offering these solutions. 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 advisor that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. In the event you decide to use their service it can cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. Betterment will lead 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 terms of being passive, it doesnt get much more passive than allowing technology to perform the work for you.
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One way to invest and make money passively would be to automate the procedure. Acorns is an app that will invest your spare change automatically. When you make a purchase it will 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, how about allowing your car to be Utilized as an advertisement
There are some different companies out there which match up advertisers with car owners that want to make some additional money. It could be a check that back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, 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 much effort is to rent out your stuff to other men and women. There are a lot of possibilities here, and it really depends on what you have, 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 easy for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to my company infant things.
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BabyQuip At BabyQuip you can rent all kinds of baby items from cribs to toys to security 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 from home.
Getaround and Turo These two sites enable you to list your car for rent. Folks can rent from you rather than going to one of the major chains, and you can produce a few thousand dollars per year doing this.
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 ship that you dont use very often, set it for rent on one of these sites.
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When you've got 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 read review a cheap place to call home, or you might rent it out nightly. A popular side hustle is to use websites such as:.