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In addition, I have other credit cards that earn high percentages of money back for certain functions. The Chase Freedom card and also the Discover It card may earn 5% cash back on purchases in specific classes that rotate each month. I really like being able to rack up 5 percent cash back for things I need to purchase anyway, such as 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 people enjoy 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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Credit 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 account or savings account. Again, this isnt something that youre going to do all the time, but it is an easy way 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 could be a great fit for you. You will find a growing number of companies offering those 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. In the event 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 hottest robo advisers. Betterment can direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and rebalance it. The cost is 0.25% off your balance, annually.
In terms of being passive, it doesnt get much more passive than allowing technology to perform the work for you.
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One way to invest and earn money passively is to automate the procedure. Acorns is an program that 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 like to develop your account faster. .
If youre looking for a passive side hustle, just about allowing your car to be used as an advertisement
There are some different companies out there that match up advertisers with car owners that want to generate a little additional money. It could be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your car, and theyll really install it to you.
Some of the biggest companies in this industry are:.
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One approach to make some money without much 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 several websites that enable you to list your items for rent, and make it effortless 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 At 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 located in a region which attracts a great deal of tourists and vacationers who might not be able to bring everything out of house.
Getaround and Turo These two sites allow you to list your vehicle for rent. People 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 this.
RVshare RVshare permits you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you have a boat which you dont use very often, list it for rent on one of these websites.
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When you have a spare bedroom in your house you could make some money without too much effort by allowing someone to rent the space. It might be a imp source local school student, a single person looking for a cheap place to live, or you could rent it out nightly. A favorite side hustle is to use sites such as:.