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I also have other credit cards that earn high percentages of money back for certain purposes. The Chase Freedom card and the Discover It card may earn 5% cash back on purchases in particular classes that rotate each month. I love being able to stand up 5% cash back to things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards to 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, visit this page to see an updated list of the best travel rewards credit cards. .
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Charge card companies arent the only ones that are willing to pay you to open an account. Some banks will provide you a bonus only for opening a checking or savings account. Again, this isnt something that youre going to do all the time, but it is 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 adviser might be a good fit 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'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. If you decide to use their service it can cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. Betterment can lead 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 make money passively would be to automate the procedure. Acorns is an app which will invest your Extra resources 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, how about allowing your car to be used as an advertisement
There are a few different companies out there which meet up advertisers with automobile owners that want to generate some additional money. It might be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your vehicle, and theyll really install it to Visit Your URL you.
Some of the largest companies in this industry are:.
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One approach to earn some money without a lot of effort is to rent out your stuff to other people. 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 allow you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to baby items.
Style Lend At Style Lend you can rent womens fashion items, like clothes and accessories. In case 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 things out of cribs to toys to security gates. This can be an ideal side business, particularly if youre situated in a region which attracts a great deal of tourists and vacationers who might 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 make 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 If you've got a boat 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 home you may make some money without too much effort by allowing someone to rent the room. It might be a local school student, a single person looking for a cheap place to call home, or you could rent it out nightly. A popular side hustle is to use websites such as:.