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In addition, I have other credit cards that earn high percentages of money back for certain functions. Both the Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in particular classes that rotate every month. I love being able to stand up 5% cash back for things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer money back credit cards travel benefits because I find the points system on a lot of travel rewards cards to be confusing. But many people love being able to earn points on travel rewards cards. If thats the case for you, visit this page to see an updated listing 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 provide you a bonus only for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it's an easy way to produce a small amount of extra money with no work involved. .
If you want to place your money to operate but youre not comfortable picking and managing the investments , a robo adviser could be a good fit for you. There are a growing number of companies offering those services. Youll enter some information linked to your age, goals, and risk tolerance, and they will handle the rest.
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Blooom is a robo advisor that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to view Bloooms recommendations. In the event you choose to use their support it will cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest 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 terms of 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 make money passively is to automate the process. Acorns is an program that can invest your spare change . 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 grow your account quicker. .
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 automobile owners that want to make a little additional money. It could be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your vehicle, and theyll really install it to 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 your stuff out to other people. There are a whole lot of possibilities here, and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several sites 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 nearly anything from electronics, to sporting goods, to baby things.
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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 located in a area which attracts a great deal of tourists and vacationers who may not be able to bring everything out of house.
Getaround and Turo These two sites allow you to list your car for rent. People can more tips here rent out of you rather than going to one of the significant chains, and you can make a couple thousand dollars per year doing this.
RVshare RVshare allows you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you have a boat which you dont use very often, set it for rent on one of those 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 space. It could 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 is to use websites like:.