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In addition, I have other credit cards that earn higher percentages of cash back for certain functions. Both the Chase Freedom card and the Discover It card will earn 5% cash back on purchases in specific categories that rotate each month. I love being able to rack up 5% cash back for things I need to buy anyway, like groceries and gas. .
Personally, I prefer cash back credit cards travel benefits since I find that the points system on a great deal 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 that are willing to pay you to open an account. Some banks will provide 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 easy method to produce 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 yourself, a robo advisor might be a good fit for you. There are a growing number of companies offering those services. 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 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 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment will lead you through personalized planning based on your personal situation, and then it will create a diversified portfolio and rebalance it. The price is 0.25% off your balance, annually.
In relation to 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 earn money passively is to automate the procedure. Acorns is an program which will 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 like to develop your account faster. .
If youre looking for a passive side hustle, how about allowing your car to be Utilized as an advertisement
There are some different companies out there that meet up advertisers with car owners that want to generate some extra money. It could be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll really install it for you.
Some of the biggest companies in this industry are:.
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One way to earn some money without a lot of effort is to rent out your stuff to other men and women. There are a lot of possibilities , and it really depends on what you have, you can look here and what you dont mind others using. Fortunately, there are also a number of 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 things.
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BabyQuip At BabyQuip you can rent all kinds of baby things out of cribs to toys to safety gates. This can be an ideal side business, particularly if youre located in a region which attracts a great deal of tourists and vacationers that might not have the ability to bring everything from home.
Getaround and Turo These two sites allow you to list your car for rent. Folks can rent from you rather than going to one of the significant chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare allows you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you have a ship that you dont use very often, set it for rent on one of those these details 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 room. It could be a local college student, a single person looking for a cheap place to live, or you might rent it out nightly. A favorite side hustle is to use sites like:.