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I also have other credit cards that earn higher percentages of cash back for certain purposes. The Chase Freedom card and also the Discover It card may earn 5% cash back on purchases in specific categories that rotate each month. I really like 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 to travel rewards because I find the points system on a lot 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, see 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 give 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 method 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 put your money to work but youre not comfortable picking and managing the investments yourself, a robo adviser might be a good fit for you. You will find a growing number of companies offering those solutions. 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. In the event you choose to use their support it can cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment can direct you through personalized planning based on your personal situation, and then it will create 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 navigate to this website passive than allowing technology to do 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 will 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 if youd like 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 some different companies out there which meet up advertisers with automobile owners that want to generate a little additional money. It could 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 approach to earn some money without a lot of effort is to rent out your stuff to other people. There are a lot of possibilities here, and it really depends on what you've got, and what you dont mind other people using. Fortunately, there are also several websites that allow you to list your items for rent, and make it easy for renters to find you. .
Fat Lama At Fat Lama you can rent just about 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 cupboard full of nice clothes this can be a nice, simple side hustle for you.
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BabyQuip In 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 area that attracts a lot of tourists and vacationers who might not be able to bring everything from house.
Getaround and Turo These two sites enable you to record your car for rent. People 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 list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you have a boat that you dont use very often, list it for rent on one of those sites.
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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 space. It might be a local school student, a single person looking for a cheap place to live, or you might rent it out nightly. i thought about this A favorite side hustle would be to use websites More Info like:.