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I also have other credit cards that earn higher percentages of money back for certain functions. Both 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 stand up 5% cash back for things I need to purchase anyway, like groceries and gasoline. .
Personally, I prefer money back credit cards travel rewards since 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 listing of the best travel rewards credit cards. .
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Charge 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 account or savings account. Again, this isnt something that youre going to do all the time, but it is an effortless way to make a small amount of additional money with no work involved. .
Capital One is currently offering a $25 bonus for opening a checking account or savings account (for new clients ).
If you want to place your money to work but youre not comfortable picking and managing the investments , a robo adviser might be a good fit for you. You will find a growing number of companies offering those 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 get a free analysis of your 401(k) to see Bloooms recommendations. In the event you decide to use their service it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. Betterment can direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and automatically rebalance it. The cost is 0.25% off your balance, annually.
In relation to 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 is to automate the process. Acorns is an app 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 in case youd like to grow your account quicker. .
If youre looking for a passive side hustle, how about allowing your car to be Utilized as an advertisement
There are some different companies out there which match up advertisers with automobile owners that want to generate some extra money. It might be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your car, 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 much effort is to rent your stuff out to other people. There are a lot of possibilities here, and it really depends on what you have, and what you dont mind others using. Fortunately, there are also a number of websites that enable you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can read the full info here rent nearly anything from electronics, to sporting goods, to infant things.
Style Lend At Style Lend you can rent womens fashion items, like clothing and accessories. In case you have a cupboard full of nice clothes this can be a nice, easy side hustle for you.
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BabyQuip In BabyQuip you can rent all kinds of baby things from cribs to toys to security gates. This can be an perfect side business, particularly if youre situated in a area which attracts a great deal of tourists and vacationers who might not have the ability to bring everything out of house.
Getaround and Turo These two sites enable you to record your vehicle for rent. Folks can rent out of you rather than going to one of the major chains, and you can make a couple thousand dollars per year doing this.
RVshare RVshare permits you webpage to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you have a boat that you dont use very often, list it for rent on one of these websites.
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If you have a spare bedroom in your home 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 live, or you could rent it out nightly. A favorite side hustle would be to use sites such as:.