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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 may earn 5 percent cash back on purchases in specific categories that rotate each month. I really like being able to stand up 5% cash back to things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer cash back credit cards to travel rewards because I find 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, see this page to see an updated list of the best travel rewards credit cards. .
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Charge 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 method to make 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 , a robo adviser could be a great 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 find a free analysis of your 401(k) to see Bloooms recommendations. If you decide 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 hottest robo advisors. Betterment will direct 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 terms of 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 would be to automate the process. Acorns is an from this source app which can invest your spare change . 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 develop your account faster. .
If youre looking for a passive side hustle, how about allowing your car to be used Source as an advertisement
There are a few different companies out there that match up advertisers with car owners that want to make some extra money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, and theyll really install it for you.
Some of the largest companies in this industry are:.
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One approach to earn some money without a lot of effort is to rent out your stuff to other people. 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 list 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 At BabyQuip you can rent all kinds of baby things out of cribs to toys to security gates. This can be an ideal side business, particularly if youre located in a region that attracts a great deal of tourists and vacationers who may not have the ability to bring everything from house.
Getaround and Turo These two sites enable you to record your car for rent. People can rent out of you rather than going to one of the significant chains, and you can produce a couple thousand dollars per year doing it.
RVshare RVshare allows you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you have a boat which you dont use very often, list it for rent on one of those websites.
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If you've got a spare bedroom in your house you may 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 Click Here rent it out nightly. A favorite side hustle is to use sites such as:.