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In addition, I have other credit cards that earn high percentages of money back for certain functions. Both the Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in specific categories that rotate each month. I love being able to rack up 5 percent cash back to things I need to buy anyway, like groceries and gas. .
Personally, I prefer cash back credit cards travel benefits since I find the points system on a lot of travel rewards cards to be confusing. But many men and women 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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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 or savings account. Again, this isnt something that youre going to do all the time, but it is an effortless way to make a small amount of additional 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 might 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 find a free analysis of your 401(k) to view Bloooms recommendations. If you choose 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 advisors. Betterment will direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and automatically rebalance it. The price is 0.25% off your balance, annually.
In terms of 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 is to automate the process. Acorns is an program which can invest your spare change . When you make a purchase it'll round up to the next dollar and invest the difference. You can also set up automatic recurring investments if youd prefer to grow your account quicker. .
If youre looking for a passive side hustle, just about allowing your car to be Utilized as an advertisement
There are a few different companies out there which match up advertisers with car owners that want to generate some additional money. It might be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your vehicle, and theyll actually install it for you.
Some of the largest companies in this industry are:.
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One approach to make some money without a lot of effort is to rent your stuff out to other people. 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 enable you to list your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to baby things.
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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 perfect side business, especially if youre situated in a region that attracts a great deal of tourists and vacationers that might not have the ability to bring everything out of house.
Getaround and Turo These two sites allow you to record your car for rent. People can rent out of you rather than going to one of the major chains, and you can produce a few 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 boat which you dont use very often, list it for rent on one of these websites.
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When 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 college student, a single person looking for a cheap find this place to call home, or you could rent it out nightly. A favorite side hustle would be to use sites like:.