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In addition, I have other credit cards that earn high percentages of money back for certain purposes. The Chase Freedom card and also the Discover It card may earn 5 percent cash back on purchases in particular classes that rotate each month. I really like being able to rack up 5 percent cash back to things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer cash back credit cards to travel benefits since I find that the points system on a lot 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 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 simply 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 easy way to make a small amount of 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 place your money to operate but youre not comfortable picking and managing the investments , a robo adviser could be a good fit for you. You will find a growing number of companies offering those 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 advisor that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. If you decide 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 most popular 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 price is 0.25% off your balance, annually.
In relation to 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 earn money passively would be to automate the process. Acorns is an program 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 my sources even set More Help up automatic recurring investments in case youd prefer to develop your account quicker. .
If youre looking for a passive side hustle, just about allowing your car to be Utilized as an advertisement
There are some different companies out there which 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 advertisement will be removable, will not harm your vehicle, and theyll actually install it to you.
Some of the largest companies in this industry are:.
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One way to make some money without a lot of effort would be to rent your stuff out 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 In Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant items.
Style Lend At Style Lend you can rent womens fashion items, like clothes and accessories. If you have a cupboard full of nice clothing this can be a nice, simple 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 safety gates. This can be an ideal side business, especially if youre located in a area that attracts a lot 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 vehicle for rent. Folks can rent from you rather than going to one of the significant chains, and you can produce a couple thousand dollars per year doing it.
RVshare RVshare allows you to set an 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, set it for rent on one of those websites.
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When 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 could be a local school student, a single person looking for a cheap place to live, or you might rent it out nightly. A favorite side hustle is to use websites like:.