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In addition, I have other credit cards that earn high percentages of money back for certain functions. The Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in particular categories that rotate each month. I really like being able to rack up 5% cash back for things I need to buy anyway, like groceries and gasoline. .
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 that are willing to pay you to open an account. Some banks will provide you a bonus simply for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it's an effortless way to make 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 yourself, a robo advisor might be a great fit for you. There are a growing number of companies offering those solutions. 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 adviser 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 service 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 will lead 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 do the job for you.
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One way to invest and make money passively is to automate the procedure. Acorns is an app which can invest your spare change automatically. When you make a purchase it'll round up to the next dollar and invest the difference. You can even set up automatic recurring investments in case youd prefer to grow your account faster. .
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 who want to generate some additional money. It might be a back window advertisement, panel, or full wrap. you could check here The advertisement will be removable, will not damage your vehicle, 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 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 websites that allow you to record your items for rent, and make it easy for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to baby items.
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BabyQuip best site At BabyQuip you can rent all kinds of baby things from cribs to toys to security gates. This can be an ideal side business, particularly if youre located in a region which attracts a great deal of tourists and vacationers who might not be able to bring everything from house.
Getaround and Turo These two sites enable you to record your car for rent. Folks 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 this.
RVshare RVshare allows you to learn this here now list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a boat that you dont use very often, set it for rent on one of these websites.
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If 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 could be a local college student, a single person looking for a cheap place to call home, or you might rent it out nightly. A popular side hustle would be to use websites like:.