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I also have other credit cards that earn higher percentages of cash back for certain functions. Both the Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in particular categories that rotate each month. I really like being able to stand up 5 percent cash back for things I need to purchase anyway, like groceries and gasoline. .
Personally, I prefer cash 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, see this page to see an updated list 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 provide 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 way to produce a small amount of additional money with no work involved. .
If you want to place your money to operate but youre not comfortable picking and managing the investments , a robo advisor might be a good match for you. You will find 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 advisor 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 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisors. Betterment can direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and 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 do the job for you.
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One way to invest and make money passively is to automate the procedure. Acorns is an app which can invest your spare change automatically. When you make a purchase it'll round up to the next dollar and invest the difference. You can also 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 Utilized as an advertisement
There are a few different companies out there that meet up advertisers with car owners who want to make some additional money. It could be a back window advertisement, panel, or full wrap. The ad will be removable, will not damage your vehicle, and theyll actually install it to 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 out your stuff to other people. There are a lot of possibilities here, and it really depends on what go to the website you've got, and what you dont mind other people using. Fortunately, there are also several websites that allow you to record your items for rent, and make it easy for renters to find you. .
Fat Lama In Fat Lama you can blog here rent nearly anything from electronics, to sporting goods, to baby things.
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BabyQuip In BabyQuip you can rent all kinds of baby items out of cribs to toys to security gates. This can be an perfect side business, especially if youre located in a area that attracts a lot of tourists and vacationers who may not have the ability to bring everything out of house.
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 few thousand dollars per year doing it.
RVshare RVshare allows you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a boat that you dont use very often, list it for rent on one of these 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 college student, a single person looking for a cheap place to call home, or you could rent it out nightly. A popular side hustle would be to use websites like:.