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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% cash back on purchases in particular categories that rotate every month. I really like being able to stand up 5 percent cash back to things I need to purchase anyway, like 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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Credit card companies arent the only ones that are willing to pay you to open an account. Some banks will give you a bonus only for opening a checking or savings account. Again, this isnt something that youre going to do all the time, but it's an easy method to make a little additional money with no work involved. .
If you want to place your money to operate but youre not comfortable picking and managing the investments , 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 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 get 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 most popular robo advisers. Betterment will direct 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 do the work for you.
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One way to invest and earn money passively would be to automate the procedure. Acorns is an app which can 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 prefer to develop your account content 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 meet up advertisers with car owners that want to generate some additional money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your car, and theyll actually install it for you.
Some of the biggest companies in this industry are:.
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One way to make some money without a lot of effort would be to rent your stuff out to other men and women. There are a lot of possibilities here, and it really depends on what you've got, and what you dont mind others 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 At BabyQuip you can rent all kinds of baby items from cribs to toys to safety gates. This can be an ideal side business, especially if youre located in a area that attracts a lot of tourists and vacationers that might not be able to bring everything from home.
Getaround and Turo These two sites enable you to record your vehicle for rent. People can rent out of you rather than Get the facts going to one of the major chains, and you can make a couple thousand dollars per year doing it.
RVshare RVshare permits you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you've got a ship which you dont use very often, set it for rent on one of those websites.
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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 rent the space. It could be a local college student, a single person looking for a cheap place to live, or you could rent it out nightly. A popular side hustle is to use sites like:.