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I also have other credit cards that earn high percentages of cash back for certain functions. Both the Chase Freedom card and also the Discover It card will earn 5% cash back on purchases in specific categories that rotate each month. I love being able to rack up 5 percent cash back to things I need to buy anyway, such as groceries and gas. .
Personally, I prefer cash back credit cards to travel rewards since I find that the points system on a great deal 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 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 simply for opening a checking or savings account. Again, this isnt something that youre going to do all of the time, but it is an effortless method to produce a small amount of additional 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 put your money to operate but youre not comfortable picking and managing the investments , a robo advisor could be a good 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 adviser that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. In the event you decide to use their service it will cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. 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 0.25percent 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 is to automate the process. Acorns is an program that will 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 develop your account quicker. .
If youre looking for a passive side hustle, how about allowing your car to be Utilized as an advertisement
There are some different companies out there that match up advertisers with car owners who 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 to useful source you.
Some of the largest companies in this industry are:.
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One approach website here to make some money without a lot of effort is to rent your stuff out to other people. There are a whole lot of possibilities , and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also a number of 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 just about anything from electronics, to sporting goods, to baby things.
Style Lend At Style Lend you can rent womens fashion products, like clothing and accessories. In case 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 out of cribs to toys to safety gates. This can be an ideal side business, particularly if youre located in a region which attracts a lot of tourists and vacationers that may not be able to bring everything from home.
Getaround and Turo These two sites enable you to list 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 In case you have a ship that you dont use very often, list it for rent on one of those sites.
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If you have 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 college student, see here a single person looking for a cheap place to call home, or you might rent it out nightly. A favorite side hustle would be to use websites such as:.