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I also have other credit cards that earn higher percentages of money back for certain functions. Both the Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in particular categories that rotate every month. I really like being able to rack up 5 percent cash back to things I need to buy anyway, such as groceries and gas. .
Personally, I prefer cash back credit cards travel rewards since I find 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 find 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 simply for opening a checking account or savings account. Again, this isnt something that youre going to do all of the time, but it is an easy way to produce a little extra money with no work involved. .
Capital One is currently offering a $25 bonus for opening a checking account or savings account (for new clients ).
If you want to place your money to operate but youre not comfortable picking and managing the investments , a robo adviser might be a great fit for you. You will find a growing number of companies offering these solutions. Youll enter some information linked 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 decide to use their service it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest 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 price is 0.25% off your balance, annually.
In relation to being passive, it doesnt get much more passive than allowing technology to do the job for you.
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One way to invest and make money passively would be to automate the procedure. Acorns is an app that can invest your spare change . When you make a purchase it'll round up to the next dollar and invest the difference. You can even set up automatic recurring investments in case youd like to 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 that match up advertisers with car owners who want company website to make some extra money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll really install it for you.
Some of the largest companies in this industry are:.
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One way 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 others using. Fortunately, there are also a number of websites that allow you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent just about anything from electronics, to sporting goods, to infant items.
Style Lend At Style Lend you can rent womens fashion items, like clothing and accessories. In case you have a closet full of nice clothing this can be a nice, simple side hustle for you.
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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 area that attracts a lot of tourists and vacationers who might 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 significant chains, and you can produce a couple thousand dollars per year doing this.
RVshare RVshare allows 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, set it for rent on one of those sites.
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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 room. 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 favorite side hustle is to use websites such as:.