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I also have other credit cards that earn high percentages of money back for certain purposes. Both the Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in specific classes that rotate every month. I really like being able to stand up 5 percent cash back to things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer money back credit cards to travel rewards since 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, visit this page to see an updated list of the best travel rewards credit cards. .
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Credit 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 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 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 match for you. You will find a growing number of companies offering those solutions. 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 get a free analysis of your 401(k) to see Bloooms recommendations. If you decide 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 hottest robo advisers. Betterment can direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and rebalance it. The price is 0.25% off your balance, annually.
In terms of 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 make money passively would be to automate the procedure. Acorns is an app that 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 quicker. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are some different companies out there which meet up advertisers with car owners who want to make some additional money. It could be a back window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, and theyll actually install it to you.
Some of the biggest companies in this industry are:.
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One approach to make some money without a lot of effort is to rent your stuff out to other people. 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 websites that enable you to list your items for rent, and make it Click This Link effortless for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to baby things.
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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 perfect side business, especially if youre situated in a area which attracts a lot of tourists and vacationers that might not have the ability to bring everything out of home.
Getaround and Turo These two sites 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 produce a few 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 If you have a boat which you dont use very often, set it for rent on one of those websites.
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If you've got a spare bedroom in your home you could make some money without too much effort by allowing someone to rent the room. It could be a local college student, a single person looking for a cheap place to call home, or you could rent it out nightly. A favorite side hustle is to use websites like:.