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In addition, I have other credit cards that earn higher percentages of money back for certain purposes. The Chase Freedom card and also the Discover It card may earn 5% cash back on purchases in specific classes that rotate each month. I love being able to stand up 5 percent cash back for things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards to travel rewards because I find that 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 see 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 provide you a bonus only for opening a checking 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. .
If you want to put your money to work but youre not comfortable picking and managing the investments yourself, a robo adviser might be a good fit for you. You will find a growing number of companies offering these services. Youll enter some information linked to your age, goals, and risk tolerance, and they will 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 see Bloooms recommendations. If you choose to use their service it will cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. 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 relation to 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 earn money passively is to automate the procedure. Acorns is an program which will 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 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 which match up advertisers with car owners who want to make some extra money. It might be a back window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll really install it for you.
Some of the biggest companies in this industry are:.
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One way 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 , and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several websites that enable you to list 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 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, More about the author particularly if youre located in a region which attracts a great deal of he said tourists and vacationers that may not have the ability to bring everything out of home.
Getaround and Turo These two sites enable you to record your vehicle for rent. Folks can rent out of you rather than going to one of the major chains, and you can produce 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 In case you have a boat that you dont use very often, list it for rent on one of these sites.
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When you have a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the room. It could be a local college student, a single person looking for a cheap place to call home, or you could rent it out nightly. A popular side hustle is to use websites like:.