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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 also the Discover It card may earn 5 percent cash back on purchases in specific classes that rotate every month. I love being able to rack up 5 percent cash back for things I need to buy anyway, such as groceries and gas. .
Personally, I prefer money 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 men and women love being able to earn points on travel rewards cards. If thats the case for you, visit this page to find 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 only for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it is an effortless way to produce a little additional money with no work involved. .
If you want to place your money to operate but youre not comfortable picking and managing the investments yourself, a robo advisor might be a great match for you. You will find a growing number of companies offering these services. 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 advisor that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to see Bloooms recommendations. If you choose to use their service it will cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment can lead you through personalized planning based on your personal situation, and then it will make 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 Full Report do the work for you.
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One way to invest and make money passively would be to automate the process. Acorns is an app which will invest your spare change . 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 like to grow your account quicker. .
If youre looking for a passive side hustle, just about allowing your car to be used as an advertisement
There are a few different companies out there which meet up advertisers with car owners who want to generate a little additional money. It might be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your car, and theyll actually install it for you.
Some of the largest companies in this industry are:.
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One way to make some money without a lot of effort would be to rent out your stuff to other people. There are a whole lot of possibilities here, and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also several websites that allow you to record your items for rent, and make it easy for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant site web things.
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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 that might not be able to bring everything out of home.
Getaround and Turo These two sites allow you to record your vehicle for rent. People can rent out of you rather than going to one of the significant chains, and you can make a couple 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've got a ship that you dont use very often, set it my latest blog post for rent on one of these sites.
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If you've got 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 live, or you might rent it out nightly. A popular side hustle would be to use sites such as:.