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In addition, I have other credit cards that earn higher percentages of money back for certain functions. Both the Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in particular categories that rotate every month. I really like being able to rack up 5% cash back for things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards to travel benefits because I find that the points system on a great deal 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, see this page to find an updated list of the best travel rewards credit cards. .
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Credit 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 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 extra money with no work involved. .
If you want to put your money to work but youre not comfortable picking and managing the investments , a robo adviser might be a good fit for you. You will find a growing number of companies offering these 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 adviser that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. If you choose 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 create a diversified portfolio and automatically rebalance it. The price 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 earn money passively is to automate the process. Acorns is an app 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 in case youd prefer to grow your account quicker. .
If youre looking for a passive side hustle, how about allowing your car to be Utilized as an advertisement
There are some different companies out there which match up advertisers with automobile owners who want to generate a little extra money. It might be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll actually install it to you.
Some of the largest companies in this industry are:.
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One approach to make 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 have, and what you dont mind other people using. Fortunately, there are also a number of 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 infant things.
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BabyQuip At 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 that 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 enable you to list your vehicle for rent. Folks can rent out of you rather than going to one of the major chains, and you can produce a couple thousand dollars per year doing it.
RVshare RVshare permits you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter click here to read and GetMyBoat In case you have a boat which you dont use very often, list it for rent on one of these sites.
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When you've got a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the space. It might be a local college student, a single person looking for a cheap place to call home, or you might rent it out nightly. A popular side hustle is to use sites such as:.