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I also have other credit cards that earn high percentages of money back for certain purposes. The Chase Freedom card and the Discover It card may earn 5% cash back on purchases in specific classes that rotate each month. I really like being able to rack up 5% cash back to things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer money back credit cards to travel benefits because I find the points system on a lot 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 see 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 only for opening a checking account or savings account. Again, this isnt something that youre going to do all of the time, but it's an easy method to produce 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 customers).
If you want to put your money to work but youre not comfortable picking and managing the investments yourself, a robo advisor could be a good fit for you. There are a growing number of companies offering these services. Youll enter some information related 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 see Bloooms recommendations. If you decide 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 hottest robo advisors. Betterment will direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and automatically rebalance it. The cost is 0.25percent off your balance, annually.
In relation to 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 earn money passively would be to automate the procedure. Acorns is an app that 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 find out this here up automatic recurring investments if youd prefer 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 go are a few different companies out there which match up advertisers with car owners who want to make a little extra money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll actually install it to you.
Some of the biggest companies in this industry are:.
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One way to make some money without a lot of effort would be to rent your stuff out to other people. There are a lot of possibilities , and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also several websites that enable you to record 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 infant items.
Style Lend At Style Lend you can rent womens fashion items, like clothes and accessories. If you have a closet 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 items from cribs to toys to safety gates. This can be an ideal side business, particularly if youre situated in a region that attracts a lot of tourists and vacationers that may not have the ability to bring everything from home.
Getaround and Turo These two sites enable you to record your car for rent. People 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 this.
RVshare RVshare permits you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a ship that you dont use very often, set it for rent on one of those sites.
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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 space. It could 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 is to use websites like:.