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In addition, I have other credit cards that earn high percentages of money 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 classes that rotate every month. I love being able to stand up 5 percent cash back for things I need to purchase anyway, like groceries and gasoline. .
Personally, I prefer money back credit cards to travel benefits because I find that the points system on a great deal of travel rewards cards to be confusing. But many men and women love being able to earn points on travel rewards cards. If thats the case for you, see 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 only for opening a checking account or savings account. Again, this isnt something that youre going to do all of the time, but it's an effortless way to produce a small amount of additional money with no work involved. .
If you want to place your money to work but youre not comfortable picking and managing the investments , a robo advisor might be a good fit for you. You will find a growing number of companies offering these 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 view Bloooms recommendations. In the event you decide to use their service it can cost you $10 per month, fixed 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 create a diversified portfolio and rebalance it. The cost is 0.25percent off your balance, annually.
In relation to 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 program that can invest your spare change . When you make a purchase it'll round up to the next dollar and invest the difference. You can also set up automatic recurring investments if youd prefer to develop your account faster. .
If youre looking for a passive side hustle, just about allowing your car to be Utilized as an advertisement
There are a few different companies out there that match up advertisers with automobile owners that want to generate a little extra money. It might be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your car, and theyll actually install it for you.
Some of the biggest companies in this industry are:.
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One approach to make some money without a lot of effort is to rent your stuff out to other people. There are a lot of possibilities here, and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also several sites 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 just about anything from electronics, to sporting goods, to infant items.
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BabyQuip In BabyQuip you can rent all kinds of baby items out of cribs to toys to safety 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 be able to bring everything from home.
Getaround and Turo These two sites enable you to list your car for rent. Folks can rent from you rather than going to one of the major chains, and you can produce a few thousand dollars per year doing it.
RVshare RVshare permits 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, list it for rent on one of those sites.
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When you have a spare bedroom in your home you may 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 could rent it out nightly. A favorite side hustle would be to use sites like:.