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I also have other credit cards that earn high percentages of cash back for certain functions. Both the Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in specific classes that rotate every month. I love being able to stand up 5% cash back to things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer cash back credit cards travel rewards since I find that the points system on a lot 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 find 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 account or savings account. Again, this isnt something that youre going to do all the time, but it is an effortless way to produce a small amount of additional money with no work involved. .
If you want to place your money to operate but youre not comfortable picking and managing the investments yourself, a robo adviser could be a great fit for you. There are 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 advisor that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. In the event you choose to use their support it can cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. Betterment can lead you through personalized planning based on your personal situation, and then it will create a diversified portfolio and rebalance it. The price is 0.25percent off your balance, annually.
In terms of 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 earn money passively would be to automate the process. Acorns is an app that can invest your spare change . 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 which 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 for you.
Some of the biggest companies in this industry are:.
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One find more info way to make some money without a lot of effort would be Read Full Article to rent your stuff out to other men and women. There are a whole lot of possibilities here, and it really depends on what you have, and what you dont mind others using. Fortunately, there are also a number of sites that enable you to list your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant things.
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BabyQuip In BabyQuip you can rent all kinds of baby things out of cribs to toys to security gates. This can be an perfect side business, particularly if youre situated in a area which attracts a great deal of tourists and vacationers who might not have the ability to bring everything from home.
Getaround and Turo These two sites enable you to record your vehicle for rent. Folks can rent from you rather than going to one of the major chains, and you can make a few thousand dollars per year doing it.
RVshare RVshare allows you to list 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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If 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 might 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 sites like:.