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I also 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 specific classes that rotate every month. I really like being able to rack up 5% cash back for things I need to purchase anyway, like groceries and gasoline. .
Personally, I prefer cash back credit cards to travel benefits since I find that the points system on a lot of travel rewards cards to be confusing. But many men and women enjoy being able to earn points on travel rewards cards. If thats the case for you, visit this page to find an updated listing of the best travel rewards credit cards. .
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Charge card companies arent the only ones that are willing to pay you to open an account. Some banks will give 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 way to make a little additional money with no work involved. .
If you want to put your money to work but youre not comfortable picking and managing the investments yourself, a robo advisor could be a good fit for you. There are a growing number of companies offering these solutions. 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. If you decide to use their support it will cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. 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 cost is 0.25% off your balance, annually.
In relation to 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 make money passively would be to automate the process. Acorns is an program that will 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 develop your account quicker. .
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 meet up advertisers with automobile owners who want to make a little additional money. It could be a rear window advertisement, panel, or full wrap. The advertisement 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 make some money without much effort would be to rent your stuff out to other people. There are a lot of possibilities , and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several websites that allow you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant items.
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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, especially if youre located in a region that attracts a great deal of tourists and vacationers who may not be able to bring everything from house.
Getaround and Turo These two sites allow you to list your vehicle for rent. Folks can rent out of you rather than going to one of the significant chains, and you official statement can make a few thousand dollars per year doing it.
RVshare RVshare permits you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you have a ship which you dont use very often, set it for rent on one of those sites.
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When you've got a spare bedroom in your home you may i thought about this 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 live, or you might rent it out nightly. A popular side hustle would be to use sites such as:.