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In addition, I have other credit cards that earn higher percentages of money back for certain functions. The Chase Freedom card and also the Discover It card may earn 5 percent cash back on purchases in particular categories that rotate each month. I love being able to stand up 5 percent cash back to things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards travel benefits since I find that 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, see this page to find an updated listing 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 only for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it's an effortless method to produce a little additional money with no work involved. .
If you want to place your money to work but youre not comfortable picking and managing the investments yourself, a robo adviser 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 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 choose 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 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 automatically rebalance it. The cost is 0.25% off your balance, annually.
In relation to 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 earn 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 grow your account quicker. .
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 that match up advertisers with automobile owners who want to generate a little extra money. It might be a back window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll really 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 would be to rent out your stuff to other people. There are a lot of possibilities here, and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several websites that allow you to list your items for rent, and make it easy for renters to find you. .
Fat 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 things from cribs to toys to security gates. This can be an ideal side business, especially if youre situated in a region that attracts a lot of tourists and vacationers that may not be able to bring everything out of home.
Getaround and Turo These two sites enable you to list your car for rent. People can rent from you rather than going to one of the major 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've got a boat which you dont use very often, set 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 informative post rent the room. It might be a local college student, a single person looking for a cheap place to live, or you might rent it out nightly. A favorite side hustle would be to use websites such as:.