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I also have other credit cards that earn high percentages of money back for certain purposes. The Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in particular categories that rotate every month. I really like being able to stand up 5 percent cash back for things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer money back credit cards travel rewards because I find the points system on a lot of travel rewards cards to be confusing. But many people enjoy 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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Charge 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 account or savings account. Again, this isnt something that youre going to do all of the time, but it is 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 yourself, a robo adviser might be a good match for you. You will find a growing number of companies offering those 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 adviser that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to view Bloooms recommendations. In the event you choose to use their service it can cost you $10 a month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. 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 0.25% 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 would be to automate the procedure. Acorns is an program which can invest your spare change . When you make a purchase it will 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 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 that meet up hop over to these guys advertisers with automobile owners that want to generate some extra money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll really install it for you.
Some of the biggest companies in this industry are:.
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One way to earn some money without much effort would be to rent out your stuff to other people. There are a lot of possibilities check my blog here, and it really depends on what you've got, and what you dont mind others 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 In Fat Lama you can rent just about anything from electronics, to sporting goods, to baby things.
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BabyQuip In BabyQuip you can rent all kinds of baby items out of cribs to toys to security gates. This can be an perfect side business, particularly if youre situated in a region which attracts a great deal of tourists and vacationers who may not be able to bring everything from house.
Getaround and Turo These two sites enable you to record your car for rent. Folks can rent from you rather than going to one of the major chains, and you can make a few thousand dollars per year doing it.
RVshare RVshare allows you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you have a boat that you dont use very often, list it for rent on one of those sites.
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When you've got a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the space. It might be a local college student, a single person looking for a cheap place to check call home, or you might rent it out nightly. A popular side hustle would be to use sites like:.