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I also have other credit cards that earn higher percentages of money back for certain purposes. Both the Chase Freedom card and the Discover It card will earn 5% cash back on purchases in specific categories that rotate every month. I really like being able to rack up 5 percent cash back for things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer money 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 love being able to earn points on travel rewards cards. If thats the case for you, see 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 simply for opening a checking or savings account. Again, this isnt something that youre going to do all of the time, but it's an easy method to make a little additional 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 put your money to work but youre not comfortable picking and managing the investments , a robo adviser could be a good fit for you. There are a growing number of companies offering these solutions. Youll enter some information related 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 find a free analysis of your 401(k) to view Bloooms recommendations. In the event you decide to use their service it can cost you $10 a month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment will direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and rebalance it. The price is 0.25percent off your balance, annually.
In relation to being passive, it doesnt get much more passive than allowing technology to perform the work for you.
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One way to invest and make money passively would be to automate the procedure. Acorns is an app that will invest your click this 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 grow your account quicker. .
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 meet up advertisers with car owners who want to generate some extra money. It might be a rear window advertisement, panel, or full wrap. The ad 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 would be to rent your stuff out to other men and women. There are a whole 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 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 nearly anything from electronics, to sporting goods, to baby items.
Style Lend At Style Lend you can rent womens try this out fashion products, like clothing and accessories. In case you have a closet full of nice clothes this can be a nice, simple side hustle for you.
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BabyQuip At BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an perfect side business, especially if youre located in a region which attracts a lot of tourists and vacationers that might 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 out of you rather why not try here than going to one of the major chains, and you can produce a couple thousand dollars per year doing this.
RVshare RVshare permits you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you have a ship that you dont use very often, set it for rent on one of those websites.
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When you've got a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the room. It might 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 websites like:.