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I also have other credit cards that earn high percentages of money 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 each month. I love being able to rack up 5% cash back for things I need to purchase anyway, like groceries and gasoline. .
Personally, I prefer money back credit cards travel benefits since I find that the points system on a great deal 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, visit this page to see an updated list of the best travel rewards credit cards. .
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Charge card companies arent the only ones who 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 of the time, but it's an easy method to make 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 advisor could be a good fit 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 service it will cost you $10 per month, fixed 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 create a diversified portfolio and rebalance it. The cost is 0.25percent 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 procedure. Acorns is an app which will 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 prefer 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 automobile owners who want to generate a little extra money. It might be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your car, and theyll really install it to 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 out your stuff to other men and women. There are a lot of possibilities , and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also several websites that enable 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 things.
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BabyQuip In BabyQuip you can rent all kinds of baby items from cribs to toys to safety gates. This can be an ideal side business, especially if youre situated in a region which attracts a lot of tourists and vacationers who may not be able to bring everything out of home.
Getaround and Turo These two sites enable you to list your car 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 list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you have a ship which you dont use very often, list it for rent on website here one of those 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 might be a local school 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:.