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In addition, I have other credit cards that earn high percentages of cash back for certain purposes. The Chase Freedom card and also the Discover It card may earn 5 percent cash back on purchases in particular categories that rotate each month. I really like being able to stand up 5% cash back for things I need to buy anyway, like groceries and gas. .
Personally, I prefer cash back credit cards to travel benefits since I find 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 that 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 easy way to produce a little extra 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 adviser might be a good fit for you. There are a growing number of companies offering these solutions. 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 view Bloooms recommendations. If you decide to use their support it can cost you $10 per 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 create a diversified portfolio and automatically 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 perform the job for you.
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One way to invest and make money passively would be to automate the process. Acorns is an program that will invest your spare change automatically. When you make a purchase it'll 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 quicker. .
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 which match up advertisers with car owners that want to generate a little additional money. It might be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your car, and theyll actually install it for you.
Some of the largest companies in this industry are:.
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One way to make some money without a lot of effort is to rent your stuff out to other men and women. There are a whole lot of possibilities here, and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several sites that enable you to list your items for rent, and make it easy for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to baby items.
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BabyQuip In BabyQuip you can rent all kinds of baby items out of cribs to toys to security navigate to these guys gates. This can be an ideal side business, particularly if youre located 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 allow you to record your car for rent. Folks can rent out of you rather than going to one of the major chains, and you can make a couple thousand dollars per year doing it.
RVshare RVshare permits you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you have a ship that you dont use very often, set it for rent on one of those sites.
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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 space. It could be a local college student, a single person looking for a cheap place to call home, or you might rent it out nightly. A favorite side hustle is to use websites such as:.