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In addition, I have other credit cards that earn higher percentages of money back for certain purposes. Both the Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in specific classes that rotate each month. I really like being able to rack up 5 percent cash back for things I need to purchase anyway, such as groceries and gasoline. .
Personally, I prefer cash back credit cards to travel rewards since I find the points system on a lot 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, visit this page to see 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 is an effortless 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 , a robo advisor might 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'll 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. In the event you choose to use their support it will cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular 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 terms Learn More Here 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 procedure. Acorns is an program that can 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 prefer to grow your account quicker. .
If youre looking for a official statement 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 that want to make some additional money. It might be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your car, and theyll actually install it for you.
Some of the largest 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 a number of 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 items from cribs to toys to security gates. This can be an perfect side business, particularly if youre situated in a region which attracts a lot of tourists and vacationers who might not be able to bring everything from home.
Getaround and Turo These two sites enable you to record your vehicle for rent. People can rent from you rather than going to one of the major chains, and you can make a couple thousand dollars per year doing this.
RVshare RVshare allows you to list an RV for rent, which can be a potentially rewarding 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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If 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 live, or you might rent it out nightly. A popular side hustle would be to use sites like:.