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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 may earn 5% cash back on purchases in specific classes that rotate each month. I love being able to rack up 5% cash back for things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer cash back credit cards to travel rewards since I find that the points system on a great deal 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, see this page to find an updated listing 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 only for opening a checking account or savings account. Again, this isnt something that youre going to do all of the time, but it is an easy method to make a small amount of additional money with no work involved. .
If you want to put your money to work but youre not comfortable picking and managing the investments , a robo advisor might be a great match for you. There are a growing number of companies offering these 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 adviser that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to see Bloooms recommendations. In the event you decide to use their support it will cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. Betterment will lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio and 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 perform the job for you.
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One way to invest and earn money passively is to automate the procedure. Acorns is an app which can 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 if youd prefer to grow your account faster. .
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 car owners that want to generate a little extra money. It might 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 out your stuff to other men and women. 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 sites that enable you to list your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to infant things.
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BabyQuip At BabyQuip you can rent all kinds of baby items from cribs to toys to safety gates. This can be an ideal side business, particularly if youre situated in a area that attracts a lot 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 out of you rather than going to one of the significant chains, and you can make a few thousand dollars per year doing this.
RVshare RVshare permits you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you've got a ship that you dont use very often, set it for rent on one of those websites.
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When you have a spare bedroom in your house you may make some money without too much effort by allowing someone to rent important link the room. It might be a local college student, a single person looking for a cheap place to call home, or you might rent it out nightly. A favorite side hustle is to use sites like:.