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I also have other credit cards that earn high percentages of money back for certain functions. Both the Chase Freedom card and also the Discover It card may earn 5 percent cash back on purchases in specific categories that rotate every month. I love being able to rack up 5 percent cash back to things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards to travel benefits since I find the points system on a great deal of travel rewards cards to be confusing. But many men and women 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 that 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 is an effortless method to produce a little extra 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 advisor might be a great fit for you. There are 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 adviser 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 a month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment can direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and automatically rebalance it. The price is 0.25% off your balance, annually.
In relation to 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 program 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 even 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 that match up advertisers with car owners that want to generate some extra money. It might be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll actually install it to you.
Some of the largest companies in this industry are:.
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One approach to earn 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 , 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 record your items for rent, and make it easy for renters to find you. .
Fat Lama In check my blog Fat Lama you can rent nearly 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 security gates. This can be an ideal side business, particularly if youre located in a area that attracts a lot of tourists and vacationers who might not have the ability to bring everything out of house.
Getaround and Turo These two sites enable you to list your vehicle 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 this.
RVshare RVshare allows you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a boat which you dont use very often, set it for rent on one of those websites.
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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 might be a local school 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 like:.