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I also have other credit cards that earn high percentages of cash back for certain purposes. The Chase Freedom card and the Discover It card will earn 5% cash back on purchases in specific categories that rotate every month. I really like being able to stand up 5 percent cash back for things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer cash 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 is an effortless method to produce a small amount of extra 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 place your money to operate 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 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 advisor that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. If you choose to use their service it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. Betterment can lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio that site 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 work for you.
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One way to invest and earn money passively would be to automate the process. Acorns is an program that will invest your spare change automatically. 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 if youd prefer to grow your account quicker. .
If youre looking for a passive side hustle, just about allowing your car to be Utilized as an advertisement
There are some different companies out there which match up advertisers with automobile owners who want to make a little additional money. It could be a rear window advertisement, panel, or full wrap. The advertisement 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 approach to make some money without a lot of effort would be to rent out your stuff to other people. There are a lot of possibilities here, and it really depends on what you have, and what you dont mind others using. Fortunately, there are also a number linked here 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 nearly anything from electronics, to sporting goods, to infant things.
Style Lend At Style Lend you can rent womens fashion products, like clothing and accessories. If you've got a cupboard full of nice clothing this can be a nice, simple side hustle for you.
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BabyQuip In 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 area that attracts a great deal of tourists and vacationers who may not be able to bring everything out of house.
Getaround and Turo These two sites enable you to record your car for rent. People can rent out of you rather than going to one of my blog the major chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare allows you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you have a ship that you dont use very often, set it for rent on one of these websites.
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If you've got a spare bedroom in your house you could make some money without too much effort by allowing someone to rent the space. It might be a local school student, a single person looking for a cheap place to live, or you might rent it out nightly. A popular side hustle is to use sites such as:.