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I also have other credit cards that earn high percentages of money back for certain functions. Both the Chase Freedom card and the Discover It card may earn 5% cash back on purchases in particular classes that rotate every month. I love being able to rack up 5 percent cash back for things I need to buy anyway, such as groceries and gas. .
Personally, I prefer money 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 enjoy being able to earn points on travel rewards cards. If thats the case for you, see this page to find an updated list of the best travel rewards credit cards. .
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Credit card companies arent the only ones who 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 of the time, but it's an effortless way to produce 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 yourself, a robo advisor could be a good fit for you. You will find 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 find a free analysis of your 401(k) to see Bloooms recommendations. In the event 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 advisors. Betterment will lead you through personalized planning based on your personal situation, and then it will create a diversified portfolio and rebalance it. The price is 0.25percent off your balance, annually.
In terms of being passive, try here 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 also set up automatic recurring investments in case 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 automobile owners that want to generate some additional money. It could be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll actually install it to you.
Some of the biggest companies in this industry are:.
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One way to earn some money without a lot of effort is to rent out your stuff to other men and women. There are a lot of possibilities here, and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also several websites that allow you to record your items for rent, and make it easy for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant 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 perfect side business, particularly if youre situated in a region that attracts a lot of tourists and vacationers who may not have the ability to bring everything out of home.
Getaround and Turo These two sites allow you to list your car for rent. Folks can rent out of you rather than going to one of the major chains, and you can make a few 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've got a boat that you dont use very often, list it for rent on one of these sites.
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If you've got 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 local college student, a single person looking for a cheap place to call home, or you could rent it out nightly. A favorite side hustle would be to use sites such as:.