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In addition, I have other credit cards that earn higher percentages of cash back for certain functions. Both the Chase Freedom card and the Discover It card may earn 5% cash back on purchases in specific classes that rotate every month. I really like being able to rack up 5 percent cash back for things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards to travel benefits because I find that 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, visit 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 provide you a bonus simply 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 method to produce a small amount of extra money with no work involved. .
Capital One is currently offering a $25 bonus for opening a checking account or savings account (for new customers).
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 good fit for you. You will find a growing number of companies offering those 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 find a free analysis of your 401(k) to view Bloooms recommendations. In the event you decide to use their support it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment will 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 relation to being passive, it doesnt get much more passive than allowing technology to do the work for you.
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One way to invest and earn money passively would be to automate the process. Acorns is an app which will 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 in case 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 some different companies out there which match up advertisers with car owners that want to generate 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. click here for info
Some of the largest 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 men and women. There are a 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 websites 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.
Style Lend At Style Lend you can rent womens fashion products, like clothes and accessories. In case you've got a cupboard full of nice clothes this can be a nice, easy side hustle for you.
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BabyQuip At BabyQuip you can rent all kinds of baby things out of cribs to toys to security gates. This can be an perfect side business, especially if youre located in a area that attracts a lot of tourists and vacationers that may not have the ability to bring everything out of house.
Getaround and Turo These two sites enable 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 couple thousand dollars per year doing this.
RVshare RVshare allows you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you have a boat that you dont use very often, list it for rent on one of these sites.
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When you've got a spare bedroom in your home you could 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 popular side hustle would be to use websites like:.