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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 also the Discover It card will earn 5 percent cash back on purchases in particular categories that rotate every month. I really like being able to stand up 5 percent cash back for things I need to purchase anyway, like groceries and gasoline. .
Personally, I prefer money back credit cards travel rewards because I find the points system on a great deal of travel rewards cards to be confusing. But many people enjoy 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 account or savings account. Again, this isnt something that youre going to do all of the time, but it's an effortless way to produce a little 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 put your money to work but youre not comfortable picking and managing the investments , a robo advisor might be a great match for you. You will find a growing number of companies offering these solutions. 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 get a free analysis of your 401(k) to see Bloooms recommendations. If you choose to use their service it will cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. Betterment can lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio and rebalance it. The cost is 0.25percent off your balance, annually.
In relation to being passive, it doesnt get much more passive than allowing technology to perform the job for you.
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One way to invest and make money passively would be to automate the procedure. Acorns is an program that can invest your spare change automatically. 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 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 a few different companies out there that meet up advertisers with automobile owners who want to make some additional money. It might be a rear window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, and theyll actually install it to you.
Some of the largest companies in this industry are:.
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One way to earn 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've got, 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 easy for renters to find you. .
Fat Lama In 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. In case you have a closet full of nice clothes this can be a nice, easy side hustle for you.
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BabyQuip In BabyQuip you can rent all kinds of baby things out of cribs to toys to safety gates. This can be an perfect side business, especially if youre located in a area that attracts a lot of tourists and vacationers who may not be able to bring everything from house.
Getaround and Turo These two sites allow you to list your car for rent. People can rent from you rather than going to one of the significant chains, and you can make a couple thousand dollars per year doing this.
RVshare RVshare permits you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case 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 house you may make some money without too much effort by allowing link someone to rent the space. It might 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 such as:.