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I also have other credit cards that earn higher percentages of money back for certain functions. Both the Chase Freedom card and the Discover It card may earn 5% cash back on purchases in specific categories that rotate every month. I really like being able to rack up 5 percent cash back to things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer money back credit cards to travel benefits because I find that the points system on a great deal of travel rewards cards to be confusing. But many men and women love being able to earn points on travel rewards cards. If thats the case for you, see this page to see 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 account or savings account. Again, this isnt something that youre going to do all the time, but it's an effortless method to produce a small amount of additional money with no work involved. .
Capital One is currently offering a $25 bonus for opening a checking account or savings account (for new clients ).
If you want to place your money to work but youre not comfortable picking and managing the investments yourself, a robo adviser might be a good fit 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 will handle the rest.
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Blooom is a robo advisor 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 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular 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 do the work for you.
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One way to invest and earn money passively is to automate the process. Acorns is an app that can invest your spare change . When you make a purchase it will round up to the next dollar and invest the difference. You can even set up automatic recurring investments in case youd like to develop your account quicker. .
If youre looking for a passive side hustle, how 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 generate a little additional money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll actually install it for you.
Some of the largest companies in this industry are:.
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One way to earn some money without much effort would be to rent your stuff out to other people. There are a whole lot of possibilities here, and it really depends on what you've got, and what you dont mind other people using. Fortunately, there are also a number of websites that allow you to record 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.
Style Lend At Style Lend you can rent womens fashion products, like clothing and accessories. In case you have a closet full of nice clothing this can be a nice, easy side hustle for you.
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BabyQuip In BabyQuip you can rent all kinds of baby things from cribs to toys to security gates. This can be an ideal side business, especially if youre situated in a region which attracts a lot of tourists and vacationers that may not have the ability to bring everything from house.
Getaround and Turo These two sites enable you to record your vehicle 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 permits you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you have a boat that you dont use very often, set it for rent on one of those sites.
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If you have a spare bedroom in your house you may make some money without too much effort by allowing someone to rent the room. It might be a local college student, a single person looking for click to read a cheap place to live, or you might rent it out nightly. A favorite side hustle would be to use sites such as:.