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I also have other credit cards that earn higher percentages of money back for certain purposes. The Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in specific classes that rotate each month. I love being able to rack up 5 percent 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 love being able to earn points on travel rewards cards. If thats the case for you, see this page to find an updated list of the best travel rewards credit cards. .
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Credit card companies arent the only ones who are willing to pay you to open an account. Some banks will give you a bonus simply 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 effortless way 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 adviser could be a good match for you. There are a growing number of companies offering these services. Youll enter some information linked 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 view Bloooms recommendations. If you decide to use their service it can cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment can lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio and automatically rebalance it. The price is 0.25% 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 address way to invest and earn money passively is to automate the procedure. Acorns is an program 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 also set up automatic recurring investments in case youd like to grow your account quicker. .
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 match up advertisers with car owners that want to make some additional money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your car, and theyll actually install it to you.
Some of the biggest 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 whole 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 sites that enable you to list 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 baby items.
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BabyQuip At BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an perfect side business, especially if youre situated in a region which attracts a lot of tourists and vacationers that may not have the ability to bring everything from home.
Getaround and Turo These two sites allow you to record your vehicle for rent. People can rent from you rather than going to one of the significant chains, and you can produce a few thousand dollars per year doing it.
RVshare RVshare allows you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you have a ship which you dont use very often, set it for rent on one of these 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 room. It might 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 is to use sites such as:.