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I also have other credit cards that earn higher percentages of cash back for certain functions. The Chase Freedom card and the Discover It card will earn 5% cash back on purchases in particular categories that rotate each month. I really like being able to rack up 5% cash back for things I need to purchase anyway, like groceries and gas. .
Personally, I prefer cash back credit cards to travel benefits since I find the points system on a lot of travel rewards cards to be confusing. But many men and women love 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 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 is an effortless method to produce a small amount of extra money with no work involved. .
Capital One is currently offering a $25 bonus for opening a checking account or savings account (for new customers).
If you want to place your money to operate but youre not comfortable picking and managing the investments , a robo advisor could be a great 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'll handle the rest.
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Blooom is a robo adviser 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 support it will cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. Betterment will lead 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 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 would be to automate the procedure. Acorns is an program which can 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 in case youd like to develop 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 meet up advertisers with automobile owners who want to make some additional money. It could be a back 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 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 , 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 allow you to list 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 baby items.
Style Lend At Style Lend you can rent womens fashion items, like clothes and accessories. If you have a cupboard full of nice clothes this can be a nice, simple side hustle for you.
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BabyQuip At BabyQuip you can rent all kinds of baby things from cribs to toys to security gates. This can be an perfect side business, especially if youre located in a area which attracts a great deal of tourists and vacationers that may not have the ability to bring everything from home.
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 make a couple thousand dollars per year doing this.
RVshare RVshare permits you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat over here If you've got a boat which you dont use very often, list it for rent on one of these websites.
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If you have a spare bedroom in your home you could 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 live, or you could rent it out nightly. A favorite side hustle is to use websites like:.