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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 specific categories that rotate every month. I love being able to stand up 5% cash back to things I need to buy anyway, like groceries and gas. .
Personally, I prefer cash back credit cards travel rewards because 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, see this page to find an updated listing of the best travel rewards credit cards. .
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Credit card companies arent the only ones who 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 of the time, but it's an easy 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 customers).
If you want to put your money to work but youre not comfortable picking and managing the investments , a robo adviser might be a good fit 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 adviser that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to view Bloooms recommendations. If you decide to use their service it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment can lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio and automatically rebalance it. The cost is 0.25percent off your balance, annually.
In terms of 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 make 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 if youd like 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 a few different companies out there which meet up advertisers with automobile owners that want to generate some extra money. It might be a back window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, and theyll actually install it for you.
Some of the biggest companies in this industry are:.
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One way 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 enable you to record your items for rent, and make it easy for renters to find you. .
Fat Lama At 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 have a closet full of nice clothing this can be a nice, easy side hustle for you.
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BabyQuip At BabyQuip you these details 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 may not have the ability to bring everything out of 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 significant chains, and you can produce a couple thousand dollars per year doing this.
RVshare RVshare permits you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case 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've got a spare bedroom in your home you could 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, Visit Your URL or you could rent it out nightly. A popular side hustle is to use sites such as:.