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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 also the Discover It card will earn 5 percent cash back on purchases in specific classes that rotate every month. I love being able to stand up 5% cash back to things I need to purchase anyway, like groceries and gas. .
Personally, I prefer money back credit cards travel benefits because 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, visit 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 that are willing to pay you to open an account. Some banks will give you a bonus only 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 way 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 adviser could be a good match for you. There are a growing number of companies offering those 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 find a free analysis of your 401(k) to see Bloooms recommendations. In the event you choose to use their service 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 lead you through personalized planning based on your personal situation, and then it will create a diversified portfolio and automatically 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 perform the work for you.
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One way to invest and make money passively is to automate the process. Acorns is an program that will invest your spare change . 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 if 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 extra money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your car, and theyll really install it to you.
Some of the biggest companies in this industry are:.
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One way to earn some money without much effort would be to more rent out your stuff to other people. There are a lot of possibilities , and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also a number of sites that allow you to list your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant things.
Style Lend At Style Lend you can rent womens fashion items, like clothes and accessories. If you've got a closet full of nice clothing this can be a nice, simple side hustle for you.
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BabyQuip In BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an ideal side business, particularly if youre situated in a region which attracts a lot of tourists and vacationers who might 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 major chains, and you can make a couple thousand dollars have a peek at these guys per year doing it.
RVshare RVshare allows you to set 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 websites.
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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, a single person looking for a cheap place to live, or you might rent it out nightly. A favorite side hustle would be to use websites such as:.