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I also have other credit cards that earn high percentages of cash back for certain functions. Both the Chase Freedom card and also the Discover It card may earn 5 percent cash back on purchases in particular classes that rotate each month. I love being able to stand up 5 percent cash back for things I need to purchase anyway, like groceries and gas. .
Personally, I prefer money back credit cards to travel rewards 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, visit this page to find an updated listing 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 give you a bonus only for opening a checking or savings account. Again, this isnt something that youre going to do all of the time, but it is an easy method to make a little additional money with no work involved. .
If you want to place your money to work but youre not comfortable picking and managing the investments , a robo adviser might be a great fit for you. There are a growing number of companies offering those 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 adviser that specializes in 401(k) accounts. You can find 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 a month, fixed 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 create a diversified portfolio and automatically rebalance it. The cost is 0.25% off your balance, annually.
In relation to 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 make money passively would be to automate the process. Acorns is an program which 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 even set up automatic recurring investments if youd like to develop your account faster. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are some different companies out there which meet up advertisers with car owners that want to generate some extra money. It might be a rear window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, and theyll actually install it to you.
Some of the biggest 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 men and women. There are a whole lot of possibilities here, and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also a number of 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 safety gates. This can be an ideal side business, particularly if youre located in a area which attracts a great deal of tourists and vacationers that might not have the ability to bring everything from house.
Getaround and Turo These two sites enable you to record your vehicle for rent. People can rent from you rather than going to one of find here the major chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare allows you to home list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you've got a boat which you dont use very often, list it for rent on one of those websites.
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If you have a spare bedroom in your house you may make some money without too much effort by allowing someone to rent the space. 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 sites such as:.