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I also have other credit cards that earn higher percentages of money back for certain purposes. The Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in specific classes that rotate each month. I really like being able to stand up 5 percent cash back to things I need to buy anyway, such as groceries and gas. .
Personally, I prefer money back credit cards travel rewards since I find 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 see 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 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's an effortless way to produce a little 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 place your money to operate but youre not comfortable picking and managing the investments , a robo advisor could be a good match 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 will handle the rest.
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Blooom is a robo advisor that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to view Bloooms recommendations. If you choose to use their service it can cost you $10 a month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment can direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and automatically rebalance it. The cost is 0.25% off your balance, annually.
In terms of being passive, it doesnt get much more passive than allowing technology to perform the work for you.
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One way to invest and make money passively is to Click This Link automate the process. Acorns is an app which can 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 prefer to develop your account faster. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are a few different companies out there that match up advertisers with automobile owners that want to generate a little additional money. It might be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your vehicle, and theyll actually install it to you.
Some of Visit Your URL the biggest companies in this industry are:.
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One way to make some money without a lot of effort is to rent out your stuff to other people. There are a 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 sites that allow you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent just about anything from electronics, to sporting goods, to infant 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 clothing this can be a nice, easy 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 situated in a region which attracts a great deal of tourists and vacationers that might not have the ability to bring everything from house.
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 major chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare allows you to list an my latest blog post RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you have a ship that you dont use very often, list it for rent on one of these websites.
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If you've got a spare bedroom in your house you may make some money without too much effort by allowing someone to rent the room. It could be a local college 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:.