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I also have other credit cards that earn higher percentages of money back for certain purposes. Both the Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in specific 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 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 give you a bonus simply for opening a checking account or savings account. Again, this isnt something that youre going to do all of the time, but it's an effortless way to make 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 could be a good fit for you. You will find a growing number of companies offering those 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 advisor that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. If you choose to use their support it can cost you $10 a month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment will direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and rebalance it. The price is 0.25percent off your balance, annually.
In relation to being passive, it doesnt get much more passive than allowing technology to do the work 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 . 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 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 match up advertisers with automobile owners that want to make a little extra money. It might be a back window advertisement, panel, or full wrap. The ad will be removable, will not damage your vehicle, and theyll actually install it to you.
Some of the largest companies in this industry are:.
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One way to earn some money without much effort would be to rent your stuff out to other people. There are a whole lot of possibilities , and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also several sites 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 just about anything from electronics, to sporting goods, to baby 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, particularly if youre located in a region that attracts a lot of tourists and vacationers who may not be able to bring everything from house.
Getaround and Turo These two sites try these out allow you to record your car for rent. People can rent out of you rather than going to one of the major chains, and you can make a couple 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 In case you've got a boat which you dont use very often, list it for rent on one of those sites.
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If you've got a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the room. It might directory be a local college student, a single person looking for a cheap place to call home, or you could rent this content it out nightly. A favorite side hustle would be to use sites like:.