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I also have other credit cards that earn higher percentages of money back for certain purposes. Both the Chase Freedom card and the Discover It card may earn 5% cash back on purchases in specific classes that rotate each month. I love being able to stand up 5% cash back to things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards travel rewards because I find the points system on a great deal 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, see this page to see 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 give you a bonus only for opening a checking or savings account. Again, this isnt something that youre going to do all the time, but it's an easy method to make a small amount of extra 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 fit 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 adviser that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to view Bloooms recommendations. If you decide to use their support it will cost you $10 a month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. Betterment will direct 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 relation to being passive, it doesnt get much more passive than allowing technology to do the job for you.
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One way to invest and make money passively is to automate the procedure. Acorns is an app 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 in case youd like to grow your account faster. .
If youre looking for a passive side hustle, how about allowing your car to be Utilized read the article as an advertisement
There are some different companies out there that match up advertisers with automobile owners that want to make some additional money. It might be a back window advertisement, panel, or full wrap. The ad 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 way 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 here, 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 enable you to record your items for rent, and make it easy for renters to find you. .
Fat Lama In Fat Lama you can rent just about 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 security gates. This can be an perfect side business, especially if youre located in a region that attracts a lot of tourists and vacationers who may not be able to bring everything out of home.
Getaround and Turo These two sites allow you to record your vehicle 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 it.
RVshare RVshare permits you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you have a ship which you dont use very often, list it for rent on one of these websites.
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If 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 could be a local school student, a single person looking for a cheap place to live, or you could rent it out nightly. A favorite side hustle would be to use websites like:.