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In addition, I have other credit cards that earn high percentages of cash back for certain purposes. Both the Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in particular categories that rotate each month. I love being able to rack up 5% cash back for things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer cash back credit cards to travel rewards because 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 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 of the time, but it is an effortless method 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 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 adviser that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to view Bloooms recommendations. If you decide to use their support it can cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. Betterment can 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 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 is to automate the procedure. Acorns is an program that will 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 grow your account faster. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are a few different companies out there which meet up advertisers with automobile owners that want to make some additional money. It might be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll actually install it for you.
Some of the biggest companies in this industry are:.
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One approach to earn some money without a lot of effort Full Report is to rent out your stuff to other men and women. There are a lot of possibilities , and it really depends on what you've got, and what you dont mind other people using. Fortunately, there are also a number of websites that allow you to record 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 baby items.
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BabyQuip In BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an ideal side business, especially if youre located in a area that attracts a great deal of tourists and vacationers who might not be able to bring everything from home.
Getaround and Turo These two sites allow you to record your car for rent. People can rent from you rather than going to one of the significant chains, and you can produce a couple thousand dollars per year doing this.
RVshare RVshare permits you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you've got a boat which you dont use very often, set it for rent on one of those sites.
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If you've got a spare bedroom in your home you could make some money without too much effort by allowing someone to rent the space. It could be a local school student, a single person looking for a cheap place to call home, or you might rent it out nightly. A popular side hustle is to use sites like:.