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In addition, I have other credit cards that earn high percentages of cash back for certain purposes. The Chase Freedom card and the Discover It card may earn 5% cash back on purchases in particular classes that rotate each month. I really like being able to stand up 5% cash back to things I need to buy anyway, such as groceries and gas. .
Personally, I prefer cash back credit cards to travel benefits because I find that 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, see 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 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 method to make a little 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 adviser could be a great fit for you. You will find a growing number of companies offering these services. 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 adviser that specializes in 401(k) accounts. You can get 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 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. Betterment will lead you through personalized planning based on your personal situation, and then it will create a diversified portfolio and automatically rebalance it. The price is 0.25% 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 earn money passively is to automate the process. Acorns is an program which can invest your spare change . 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 prefer 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 a few different companies out there that match up advertisers with car owners that want to make a little extra money. It might be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your car, and theyll actually install it for you.
Some of the largest companies in this industry are:.
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One way to earn some money without much effort is to rent your stuff out to other men and women. There are a 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 a number of sites that allow you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent just about anything from electronics, to sporting goods, to infant items.
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BabyQuip At BabyQuip you can rent all kinds of baby things from cribs to toys to anchor security gates. This can be an perfect side business, particularly if youre situated in a region that attracts a lot of tourists and vacationers who may not have the ability to bring everything out of home.
Getaround and Turo These two sites enable you to record your vehicle for rent. People can rent out of you rather than going to one of the major chains, and you can produce a couple thousand dollars per Going Here year doing it.
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 websites.
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If you've got a spare bedroom in your house you could make some money without too much effort by allowing someone to rent the room. It could be a local school student, a single person looking for a cheap place to call home, or you could rent it out nightly. A popular side hustle is to use websites such as:.