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I also 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% cash back on purchases in particular classes that rotate every month. I love being able to stand up 5% cash back to things I need to purchase anyway, like groceries and gasoline. .
Personally, I prefer cash back credit cards to travel rewards since I find the points system on a lot of travel rewards cards to be confusing. But many men and women love being able to earn points on travel rewards cards. If thats the case for you, see this page to find 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 simply for opening a checking or savings account. Again, this isnt something that youre going to do all the time, but it's an effortless method to make a little 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 might be a good match 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'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 see Bloooms recommendations. If you choose to use their service it will cost you $10 per 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 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 way to invest and make money passively is to automate the process. Acorns is an app which can invest your spare change automatically. 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 in case youd like to grow your account faster. .
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 that match up advertisers with car owners that want to generate some additional money. It might be a back window advertisement, panel, or full wrap. The official website advertisement will be removable, will not damage your car, and theyll really install it for you.
Some of the biggest 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 people. There are a lot of possibilities , and it really depends on what you linked here have, and what you dont mind others using. Fortunately, there are also a number of sites that allow you to record 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 baby items.
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BabyQuip At BabyQuip you can rent all kinds of baby items out of cribs to toys to security gates. This can be an ideal side business, particularly if youre situated in a area that attracts a lot 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. People can rent from you rather than going to one of the major chains, and you can make a few thousand dollars per year doing it.
RVshare RVshare permits you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you have a boat that 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 home 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 favorite side hustle is to use sites such as:.