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I also have other credit cards that earn high percentages of cash back for certain functions. The Chase Freedom card and the Discover It card may earn 5% cash back on purchases in specific classes that rotate each month. I really like being able to stand up 5% cash back for things I need to buy anyway, such as groceries and gas. .
Personally, I prefer money back credit cards travel benefits 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, visit this page to find an updated list 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 simply for opening a checking account or savings account. Again, this isnt something that youre going to do all 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 those 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 find a free analysis of your 401(k) to view Bloooms recommendations. If you choose 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 will direct 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 earn money passively would be to automate the procedure. Acorns is an app that can invest your spare change . When you make a purchase it'll round up to the next dollar and invest the difference. You can even 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 that match up advertisers with automobile owners that want to make a little extra money. It might be a rear window advertisement, panel, or full wrap. The ad 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 approach to earn some money without a lot of effort is to rent your stuff out to other people. There are a whole 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 a number of sites that allow you to list your items for rent, and make it effortless for renters to find you. .
Fat Lama At 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 products, like clothing and accessories. If you've got a closet full of nice clothing this can be a nice, easy side hustle for you.
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BabyQuip At BabyQuip you can rent all kinds of baby items from cribs to toys to safety gates. This can be an perfect side business, especially if youre located in a region which attracts a great deal of tourists and vacationers that 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 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 lucrative side hustle.
Boatsetter and GetMyBoat If you have a boat that you dont use very often, list it for rent on one of these sites.
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When you've got a spare bedroom in your house you may make some money without too much effort by allowing someone to rent the room. It could be a local Passive Income Ideas in Germany college student, a single person looking for a cheap place to call home, or you might rent it out nightly. A favorite side hustle is to use sites like:.