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I also have other credit cards that earn high percentages of money back for certain functions. The Chase Freedom card and also the Discover It card may earn 5% cash back on purchases in particular categories that rotate every month. I love being able to stand up 5% cash back for things I need to purchase anyway, like groceries and gas. .
Personally, I prefer cash 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 enjoy being able to earn points on travel rewards cards. If thats the case for you, visit this page to find an updated listing 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 give you a bonus only for opening a checking or savings account. Again, this isnt something that youre going to do all the time, but it is an effortless method to make 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 adviser might be a great 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 view Bloooms recommendations. In the event you decide 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 hottest robo advisors. Betterment will 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 perform the job 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 will 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 faster. .
If youre looking for a passive side hustle, just about allowing your car to be used as an advertisement
There are some different companies out there that meet up advertisers with automobile owners who want to make a little extra money. It might be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll actually install it to 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 your stuff out to other people. There are a whole 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 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 baby items.
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BabyQuip At BabyQuip you can rent all kinds of baby things out of cribs to toys to security gates. This can be an perfect side business, especially if youre located in a area that attracts a great deal of tourists and vacationers that may not have the ability to bring everything out of home.
Getaround and Turo These two sites allow you to list your car 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 it.
RVshare RVshare allows you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you have a ship that you dont use very often, list it for rent on one of those websites.
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When you've got a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the room. It might be a local school student, a single person looking for a cheap look at these guys place to call home, or you could rent it out nightly. A popular side hustle is to use websites such as:.