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I also have other credit cards that earn higher percentages of cash back for certain functions. The Chase Freedom card and also the Discover It card will earn 5% cash back on purchases in particular categories that rotate each month. I really like being able to rack up 5 percent cash back to things I need to purchase anyway, like groceries and gas. .
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 love being able to earn points on travel rewards cards. If thats the case for you, visit 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 that are willing to pay you to open an account. Some banks will provide 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 easy method to make 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. There are a growing number of companies offering these services. Youll enter some information linked 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 decide 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 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 earn money passively is to automate the process. Acorns is an app that 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 quicker. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are a few different companies out there which meet up advertisers with car owners that 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 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 men and women. There are a lot of possibilities , and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also a number of websites that enable you a knockout post to list 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 infant things.
Style Lend At Style Lend you can rent womens fashion items, like clothes and accessories. In case you've got a closet full of nice clothes 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 located in a area that attracts a lot of tourists and vacationers who might not be able to bring everything from home.
Getaround and Turo These two sites allow you to list your vehicle for rent. Folks can rent out of you rather than going to one of the significant chains, and you can produce a few thousand dollars per year doing it.
RVshare RVshare allows you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you have a ship which you dont use very often, set it for rent on one of these 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 space. It could be a local school student, a single person looking for a cheap place to call home, or you could rent it out nightly. A favorite side hustle would be to use sites like:.