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In addition, I have other credit cards that earn high percentages of cash back for certain purposes. The Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in particular classes that rotate each month. I really like being able to rack up 5 percent cash back to things I need to purchase anyway, like groceries and gasoline. .
Personally, I prefer cash back credit cards travel benefits since I find that the points system on a lot of travel rewards cards to be confusing. But many people love being able to earn points on travel rewards cards. If thats the case for you, see this page to find an updated listing 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 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 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 clients ).
If you want to place your money to work but youre not comfortable picking and managing the investments , a robo advisor could be a great fit for you. There are a growing number of companies offering those solutions. Youll enter some information linked 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 get a free analysis of your 401(k) to see Bloooms recommendations. In the event you choose to use their service it will cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. Betterment will lead you through personalized planning based on your personal situation, and then it will create a diversified portfolio and 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 job for you.
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One way to invest and earn money passively would be to automate the process. Acorns is an program which can invest your spare change automatically. When you make a purchase it'll round up to the next dollar and invest the difference. You can even set up automatic recurring investments in case youd prefer to grow your account faster. .
If youre looking for a passive side hustle, just about allowing your car to be Utilized as an advertisement
There are some different companies out there which meet up advertisers with automobile owners that want to make a little additional money. It might be a back window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll actually install it to you.
Some of the visit site largest companies in this industry are:.
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One way to make some money without much effort would be to rent your stuff out to other men and women. There are a whole lot of possibilities , and it really depends on what you have, and what you dont mind others using. Fortunately, there are also a number of websites that enable you to list your items for rent, and make it easy for renters to find you. .
Fat Lama At Fat Lama you can rent just about anything from electronics, to sporting goods, to baby items.
Style Lend At Style Lend you can rent womens fashion products, like clothes and accessories. If you've got a closet full of nice clothes this can be a nice, simple side hustle for you.
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BabyQuip At BabyQuip you can rent all kinds of baby items from cribs to toys to security gates. This can be an perfect side business, particularly if youre located in a area that attracts a great deal of tourists and vacationers that may not be able to bring everything from home.
Getaround and Turo These two sites allow you to list your car for rent. People can rent out of you rather than going to one of the major chains, and you can produce a few thousand dollars per year doing it.
RVshare RVshare allows you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you've got 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 could make some money without too much effort by allowing someone to click for more 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 is to use websites like:.