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In addition, I have other credit cards that earn high percentages of cash back for certain purposes. Both the Chase Freedom card and the Discover It card will earn 5% cash back on purchases in specific categories that rotate every month. I really like being able to rack up 5 percent cash back for things I need to purchase anyway, like groceries and gas. .
Personally, I prefer cash back credit cards to travel rewards because I find that 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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Credit card companies arent the only ones who are willing to pay you to open an account. Some banks will give you a bonus simply for opening a checking account 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 additional money with no work involved. .
If you want to place 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 linked to your age, goals, and risk tolerance, and they'll handle the rest.
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Blooom is a robo advisor 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 support it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment can direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and rebalance it. The cost is 0.25percent 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 procedure. Acorns is an app that can invest your spare change automatically. 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 sites 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 who want to generate some additional money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your car, and theyll really install it for you.
Some of the largest companies in this industry are:.
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One way to make some money without much effort is to rent your stuff out to other men and women. There are a lot of possibilities , and it really depends on what you have, and what you dont mind others using. Fortunately, there are also a number of sites that allow you to list 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.
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BabyQuip In BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an ideal side business, particularly if youre situated in a area which attracts a lot of tourists and vacationers that may not be able to bring everything out of house.
Getaround and Turo These two sites allow you to record your vehicle for rent. People can rent from 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 set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a boat which you dont use very often, list it for rent on one of these sites.
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When you have 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, or you might rent it out nightly. A favorite side hustle is to use websites such as:.