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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 the Discover It card will earn 5 percent cash back on purchases in specific categories that rotate each month. I really like being able to stand up 5 percent cash back for things I need to buy anyway, like groceries and gas. .
Personally, I prefer cash back credit cards to travel rewards because I find the points system on a lot of travel rewards cards to be confusing. But many people enjoy 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 provide you a bonus only for opening a checking or savings account. Again, this isnt something that youre going to do all of the time, but it is an easy method to make a small amount of additional 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 might be a good fit for you. There are a growing number of companies offering those services. Youll enter some information related to your age, goals, and risk tolerance, and they'll 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. In the event you choose 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 can lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio and automatically rebalance it. The price is 0.25percent 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 process. 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 if youd like to develop your account faster. .
If youre looking for a passive side hustle, just about allowing your car to be used as an advertisement
There are some different companies out there that match up advertisers with car owners that want to generate a little extra money. It could be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your car, and theyll really install it for you.
Some of the biggest companies in this industry are:.
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One approach to make some money without much effort would be to rent out your stuff 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 list your items for rent, and make it easy 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 things from cribs to toys to safety gates. This can be an ideal side business, especially if youre situated in a region which attracts a great deal of tourists and vacationers that might not have the ability to bring everything out of house.
Getaround and Turo These two sites allow you to record your car for rent. Folks can rent out of you rather than going more information to one of the major chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare permits 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, list it for rent on one of those websites.
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When you have a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the space. It could be a local school student, a single person looking for a cheap place to call home, or you could rent it out nightly. A popular side hustle would be to use websites such as:.