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I also have other credit cards that earn higher percentages of money back for certain purposes. Both the Chase Freedom card and the Discover It card will earn 5% cash back on purchases in particular categories that rotate every month. I really like being able to stand 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 because I find that the points system on a great deal 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, see this page to find an updated listing of the best travel rewards credit cards. .
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Charge card companies arent the only ones who 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 the time, but it is an effortless method to produce 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 advisor could be a good match for you. There are a growing number of companies offering these 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 adviser that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. In the event you decide to use their support it will cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular 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 0.25% 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 earn money passively is to automate the procedure. Acorns is an app which 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 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 a few different companies out there which meet up advertisers with car owners who want to generate some extra money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your car, and theyll really install it for you.
Some of the largest companies in this industry are:.
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One approach to earn some money without much effort would be to rent out your stuff to other people. There are a lot of possibilities here, and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also several sites that allow you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama At he has a good point 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. In case you've got a closet full of nice clothes 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 from cribs to toys to security gates. This can be an ideal side business, particularly if youre located in a region which attracts a lot of tourists and vacationers that may not be able to bring everything out of home.
Getaround and Turo These two sites allow you to record your car for rent. People can rent out of you rather than going to one of the major chains, and you can make a couple thousand dollars per year doing this.
RVshare RVshare allows you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a ship that you dont use very often, list it for rent on one of those sites.
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When you have a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the space. It could be a local college student, a single person looking for a cheap place to live, or you could rent it out nightly. A favorite side hustle is to use websites such as:.