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In addition, I have other credit cards that earn higher 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 specific 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 money back credit cards to travel benefits because I find that 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, visit this page to find an updated listing 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 simply 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 small amount of additional money with no work involved. .
If you want to put your money to operate but youre not comfortable picking and managing the investments , a robo advisor might be a good match for you. You will find a growing number of companies offering those solutions. Youll enter some information linked to your age, goals, and risk tolerance, and they'll 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 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 make a diversified portfolio and automatically 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 do the work for you.
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One way to invest and make money passively would be to automate the process. Acorns is an program that can 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 like to develop your account faster. .
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 match up advertisers with car owners that want to generate a little extra money. It could be a rear window advertisement, panel, view publisher site or full wrap. The advertisement will be removable, will not damage your car, and theyll really install it for you.
Some of the biggest companies in this industry are:.
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One approach to earn some money without much effort is to rent your stuff out to other men and women. 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 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 baby 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, particularly if youre located in a area that attracts a great deal of tourists and vacationers that may not be able to bring everything from home.
Getaround and Turo These two sites allow you to record your vehicle for rent. People can rent from you rather than going to one of the major chains, and you can produce a couple thousand dollars per year doing it.
RVshare RVshare permits you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you've got a ship 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 home you could make some money without too much effort by allowing someone to rent the room. It could be a local school student, a single person looking for a cheap place to call home, or you might rent it out nightly. A popular side hustle is to use sites like:.