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In addition, I have other credit cards that earn higher percentages of cash back for certain functions. Both the Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in particular classes that rotate each month. I really like being able to rack up 5% cash back to things I need to buy anyway, such as groceries and gas. .
Personally, I prefer money back credit cards to travel benefits since I find the points system on a lot of travel rewards cards to be confusing. But many men and women enjoy 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 give 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 effortless way to make a small amount of additional money with no work involved. .
If you want to put your money to operate but youre not comfortable picking and managing the investments yourself, a robo adviser could be a great match 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 adviser that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to view Bloooms recommendations. In the event you decide to use their service it can 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 automatically rebalance it. The cost is 0.25% 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 process. Acorns is an app which will invest your spare change . When you make a purchase it'll round up to the next dollar and invest the difference. You can also set up automatic recurring investments if youd prefer to develop your account faster. .
If youre looking for a passive side hustle, just about allowing your car to be used as an advertisement
There are some different companies out there that meet up advertisers with car owners that want to make a little additional money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your car, and theyll really install it to you.
Some of the largest companies in this industry are:.
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One way to make some money without much effort would be to rent your stuff Passive Income In Germany - Passive Income Ideas out to other men and women. There are a whole lot of possibilities , and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several websites that enable you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent just about anything from electronics, to sporting goods, to baby items.
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BabyQuip At BabyQuip you can rent all kinds of baby things out of cribs to toys to security gates. This can be an ideal side business, especially if youre situated in a region that attracts a great deal of tourists and vacationers that might not be able to bring everything out of home.
Getaround and Turo These two sites enable you to record your car for rent. Folks 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 lucrative side hustle.
Boatsetter and GetMyBoat If you've got a boat that you dont use very often, list it for rent on one of these websites.
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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 might be a local college student, a single person looking for a cheap place to call home, or you could rent it out nightly. A favorite side hustle would be to use sites like:.