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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 also the Discover It card may earn 5% cash back on purchases in particular categories that rotate each month. I really like being able to stand up 5% cash back to things I need to buy anyway, like groceries and gas. .
Personally, I prefer cash back credit cards travel rewards because I find the points system on a lot 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 find 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 give 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 easy way to produce a little additional money with no work involved. .
If you want to place your money to work but youre not comfortable picking and managing the investments , a robo adviser could be a great match for you. There are a growing number of companies offering those services. 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 adviser that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to view Bloooms recommendations. If you decide to use their service it can cost you $10 per month, adjusted 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 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 job for you.
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One way to invest and earn money passively is to automate the process. Acorns is an program which will 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 like to develop your account faster. .
If youre looking for a passive next page side hustle, just about allowing your car to be used as an advertisement
There are some different companies out there that match up advertisers with car owners that want to generate a little extra money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your car, and theyll actually install it to 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 whole lot of possibilities here, 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 baby things.
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BabyQuip In BabyQuip you can rent all kinds of baby items from cribs to toys to safety gates. This can be an ideal side business, especially if youre located in a area that attracts a lot of tourists and vacationers who might not be able to bring everything from house.
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 significant chains, and you can make 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 If you've got a boat that you dont use very often, list it for rent on one of these sites.
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When you've got a spare bedroom in your house you could 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 discover this nightly. A popular side hustle is to use sites such as:.