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In addition, I have other credit cards that earn higher 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 categories that rotate each month. I love being able to rack up 5% cash back to things I need to purchase anyway, like groceries and gasoline. .
Personally, I prefer money 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 people enjoy 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 that are willing to pay you to open an account. Some banks will give you a bonus simply for opening a checking or savings account. Again, this isnt something that youre going to do all of the time, but it is an effortless method 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 advisor could be a great match for you. You will find a growing number of companies offering these 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 find a free analysis of your 401(k) to view Bloooms recommendations. If you decide to use their service it can cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. 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 price is 0.25% off your balance, annually.
In relation to being passive, it doesnt get much more passive than allowing technology to do the job for you.
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One way to invest and make money passively would be to automate the process. Acorns is an app that will invest your spare change automatically. 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 in case youd prefer to grow your account quicker. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are a few different companies out there which match up advertisers with car owners that want to make some additional money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will web not damage your vehicle, and theyll actually install it for you.
Some of the biggest 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 men and women. There are a whole lot of possibilities , 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 enable 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 items.
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BabyQuip In BabyQuip you can rent all kinds of baby things out of cribs to toys to security gates. This can be an perfect side business, particularly if youre situated in a region which attracts a great deal of tourists and vacationers that may not have the ability to bring everything out of house.
Getaround and Turo These two sites enable you to record 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 rewarding side hustle.
Boatsetter and GetMyBoat In case you've got a boat which you dont use very often, list it for rent on one of these sites.
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If you have a spare bedroom in your house you could 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 live, or you might rent it out nightly. A popular side hustle would be to use websites like:.