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In addition, I have other credit cards that earn high percentages of cash back for certain functions. The Chase Freedom card and the Discover It card may earn 5% cash back on purchases in particular classes that rotate each month. I really like being able to rack up 5% cash back for things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards to travel benefits since I find the points system on a lot 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 see an updated listing of the best travel rewards credit cards. .
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Charge 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 of the time, but it's an easy method 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 yourself, a robo advisor might be a great fit for you. There are a growing number of companies offering those 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 advisor that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. If you decide to use their support it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. 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 do the work for you.
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One way to invest and earn money passively is to automate the process. Acorns is an program that 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 prefer 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 match up advertisers with car owners that want to generate a little extra money. It could be a rear window advertisement, other panel, or full wrap. The advertisement will be removable, will not harm your car, and theyll actually install it for 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 is to rent out your stuff to other people. There are a whole lot of possibilities here, and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also try these out several sites 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 nearly anything from electronics, to sporting goods, to baby things.
Style Lend At Style Lend you can rent womens fashion items, like clothing and accessories. In case you have a cupboard 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 region 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 allow 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 In case you've got a ship that 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 house you could make some money without too much effort by allowing someone to rent the room. It might be a local college student, a single person looking for a cheap place to call home, or you might rent it out nightly. A popular side hustle would be to use sites such as:.