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In addition, I have other credit cards that earn high percentages of money back for certain functions. The Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in specific categories that rotate every month. I love being able to rack up 5% cash back for things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer money back credit cards travel benefits because I find the points system on a lot of travel rewards cards to be confusing. But many people enjoy 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 that 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 the time, but it's an easy way to make a small amount of extra money with no work involved. .
If you want to place your money to work but youre not comfortable picking and managing the investments yourself, a robo advisor might be a great fit 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 will 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 view Bloooms recommendations. In the event you choose to use their service it will cost you $10 a month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment can direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and automatically rebalance it. The price is 0.25percent off your balance, annually.
In terms of 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 make money passively would be to automate the process. Acorns is an program which 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 even 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 used as an advertisement
There are some different companies out there that meet up advertisers with car owners that want to make some additional money. It could be a back window advertisement, panel, or full wrap. The ad will be removable, will not harm your car, and theyll really install it for you.
Some of the biggest companies in this industry are:.
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One way to make some money without much effort is 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 several sites that allow you to record your items for rent, and check make it easy for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to baby things.
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BabyQuip At BabyQuip you can rent all kinds of baby items out of cribs to toys to safety gates. This can be an ideal side business, particularly if youre located in a region which attracts a great deal of tourists and vacationers who may not be able to bring everything out of home.
Getaround and Turo These two sites allow you to list your car for rent. People can rent out of you rather than going to one of the major chains, and you can make 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 boat which you dont use very often, list it for rent on one of those 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 space. It might 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 is to use sites like:.