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In addition, I have other credit cards that earn higher percentages of cash back for certain functions. The Chase Freedom card and also the Discover It card will earn 5 percent 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 purchase anyway, like groceries and gas. .
Personally, I prefer money back credit cards to travel benefits because I find the points system on a lot 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 only for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it is an easy method to make a little additional 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 put your money to operate but youre not comfortable picking and managing the investments , a robo advisor could be a great match for you. There are a growing number of companies offering those solutions. 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. In the event you decide to use their service it will cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment will direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and rebalance it. The cost is 0.25percent off your balance, annually.
In relation to being passive, it doesnt get much more passive than allowing technology to perform the job for you.
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One way to invest and earn money passively would be to automate the process. Acorns is an app which can invest your spare change automatically. 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 prefer to grow 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 generate some extra money. It might be a rear window advertisement, panel, or full wrap. The ad 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 much effort would be to rent your stuff out 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 other people using. Fortunately, there are also several sites that allow you to record your items for rent, and make it easy for renters to find you. .
Fat Lama At Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant items.
Style Lend At Style Lend you can rent womens fashion items, like clothes and accessories. If you have a closet full of nice clothes this can be a nice, easy side hustle for you.
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BabyQuip At Get the facts BabyQuip you can rent all kinds of baby things out of cribs to toys to safety gates. This can be an ideal side business, especially if youre situated in a region that attracts a lot of tourists and vacationers that may not have the ability to bring everything from home.
Getaround and Turo These two sites allow you to record your car for rent. Folks can rent from 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 list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you have a boat which you dont use very often, set it for rent on one of these sites.
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When you've got a spare bedroom in your home 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 live, or you might rent it out nightly. A favorite side hustle would be to use sites like:.