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In addition, I have other credit cards that earn high percentages of cash back for certain functions. The Chase Freedom card and also the Discover It card will earn 5% cash back on purchases in specific categories that rotate each month. I really like being able to stand up 5 percent cash back for things I need to buy anyway, like groceries and gasoline. .
Personally, I prefer cash back credit cards to travel benefits since I find the points system on a great deal 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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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 the time, but it's an effortless way to produce a little additional money with no work involved. .
If you want to put your money to work but youre not comfortable picking and managing the investments yourself, a robo adviser might be a good fit for you. There are a growing number of companies offering those services. 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 advisor that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. If you decide 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 most popular robo advisors. Betterment will direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and rebalance it. The cost is 0.25% off your balance, annually.
In terms of being passive, it doesnt get much more passive than allowing technology to do the job for you.
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One their website way to invest and make money passively would be to automate the process. Acorns is an app which 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 more info here even set up automatic recurring investments if youd prefer to grow your account faster. .
If youre looking for a passive side hustle, how about allowing your car to be Utilized as an advertisement
There are a few different companies out there that meet up advertisers with automobile owners who want to generate a little extra money. It could be a back window advertisement, panel, or full wrap. The advertisement 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 way to earn some money without a lot of effort would be to rent out your stuff to other people. There are a 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 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 just about anything from electronics, to sporting goods, to infant things.
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BabyQuip At BabyQuip you can rent all kinds of baby things out of cribs to toys to safety gates. This can be an perfect side business, particularly if youre located in a area which attracts a lot of tourists and vacationers who 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. People can rent from you rather than going to one of the major chains, and you can produce a couple thousand dollars per year doing it.
RVshare RVshare allows you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you've got a ship which you dont use very often, set it for rent on one of these websites.
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When you've got a spare bedroom in your home 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 favorite side hustle would be to use websites like:.