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In addition, I have other credit cards that earn high percentages of cash back for certain functions. The Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in particular categories that rotate each month. I love being able to rack up 5% cash back for things I need to purchase anyway, like groceries and gas. .
Personally, I prefer cash back credit cards to travel benefits since I find the points system on a great deal 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 of the time, but it is an effortless way to produce a little additional money with no work involved. .
If you want to put your money to operate but youre not comfortable picking and managing the investments yourself, a robo adviser could be a great fit for you. You will find a growing number of companies offering these 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 see Bloooms recommendations. If you choose to use their service it will cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment will lead you through personalized planning based on your personal situation, and then it will make 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 job for you.
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One way to invest and make money passively would be to automate the process. Acorns is an app 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 even set up automatic recurring investments if youd like to develop your account faster. .
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 match up advertisers with car owners who want to generate some extra money. It might be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll actually install it for you.
Some of the biggest companies in this industry are:.
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One approach to make some money without much effort is to rent out your stuff 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 several sites that allow you to list your items for rent, and make it easy for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to baby items.
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BabyQuip In BabyQuip you can rent all kinds of baby try this items out of cribs to toys to security gates. This can be an perfect side business, especially if youre situated in a area that attracts a great deal of tourists and vacationers who may not have the ability to bring everything from home.
Getaround and Turo These two sites allow 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 few thousand dollars per year doing it.
RVshare RVshare allows you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you have a boat that you dont use very often, list it for rent on one of these websites.
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When you've got my review here a spare bedroom in your house you may 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 favorite side hustle is to use sites like:.