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I also have other credit cards that earn high percentages of cash back for certain functions. Both the Chase Freedom card and also 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 purchase anyway, like groceries and gasoline. .
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, visit 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 that are willing to pay you to open an account. Some banks will provide 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 way to produce a small amount of 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 match 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 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 choose to use their support it will cost you $10 a month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. 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 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 will 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 in case youd like to grow your account quicker. .
If youre looking for a passive side hustle, how about allowing your car to be Utilized as an advertisement
There are a few different companies out there that meet up advertisers with car owners that want to generate a little additional money. It might be a back window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, and theyll really install it for 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 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 several websites 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 just about anything from electronics, to sporting goods, to infant items.
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BabyQuip At BabyQuip you can rent all kinds of baby items out of cribs to toys to security gates. This can be an perfect side business, particularly if youre located in a region which attracts a great deal of tourists and vacationers who may not be able to bring everything from home.
Getaround and Turo These two sites enable you to list your vehicle for rent. People can rent out of you rather than going to one of the significant chains, and you can make a few thousand dollars per year doing this.
RVshare RVshare allows you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a boat that you dont use very often, list it for Extra resources rent on one of these sites.
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If you've got a spare bedroom in your house you may 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 would be to use sites such as:.