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In addition, I have other credit cards that earn high percentages of cash back for certain purposes. Both the Chase Freedom card and also the Discover It card will earn 5% cash back on purchases in particular classes that rotate every month. I really like being able to stand up 5 percent cash back to things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer cash back credit cards to travel rewards since 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, 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 that are willing to pay you to open an account. Some banks will give 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 is an effortless way to make a small amount of additional money with no work involved. .
If you want to place your money to operate but youre not comfortable picking and managing the investments yourself, a robo advisor could be a good fit for you. There are 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 advisor that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to view Bloooms recommendations. If you choose to use their support it can cost you $10 per month, adjusted 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 0.25percent 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 process. Acorns is an program 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 even set up automatic recurring investments if youd prefer to view it now grow your account quicker. .
If youre looking for a passive side hustle, just about allowing your car to be used as an advertisement
There are a few different companies out there which meet up advertisers with car owners that want to make some extra money. It could 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 approach to make some money without a lot of effort is to rent out your stuff 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 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 just about anything from electronics, to sporting goods, to infant things.
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BabyQuip In BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an ideal side business, especially if youre situated in a region that attracts a lot of tourists and vacationers that may not be able to bring everything out of home.
Getaround and Turo These two sites allow you to record your car for rent. People 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 allows you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you've got a ship that you dont use very often, list it for rent on one of those websites.
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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 could be a local school student, a single person looking for a cheap place to call home, or you might rent it out nightly. A popular side hustle would be to use websites like:.