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I also 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 categories that rotate each month. I love 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 travel benefits since I find that the points system on a great deal 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 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 provide you a bonus simply for opening a checking or savings account. Again, this isnt something that youre going to do all the time, but it is an easy method to produce a small amount of extra 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 put your money to work but youre not comfortable picking and managing the investments , a robo advisor might be a great match for you. You will find a growing number of companies offering those services. 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 find 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 advisors. Betterment will 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 0.25percent off your balance, annually.
In terms of 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 would be to automate the process. Acorns is an app that 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 also set up automatic recurring investments if youd like to grow your account faster. .
If youre looking for a passive side hustle, just about allowing your car to be Utilized as an advertisement
There are some different companies out there that meet up advertisers with automobile straight from the source owners who want to make some extra money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not damage your vehicle, and theyll really install it to you.
Some of the biggest companies in this industry are:.
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One approach to earn some money without a lot of effort is to rent your stuff out to other men and women. There are a whole lot of possibilities , and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also several sites that allow you to list your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant things.
Style Lend At Style Lend you can rent womens fashion products, like clothes and accessories. If you have a closet site link full of nice clothing this can be a nice, simple side hustle for you.
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BabyQuip At BabyQuip you can rent all kinds of baby items out of cribs to toys to safety gates. This can be an perfect side business, especially if youre located in a area which attracts a lot of tourists and vacationers who may not have the ability to bring everything from home.
Getaround and Turo These two sites allow you to list your car for rent. Folks can rent out of you rather than going to one of the major chains, and you can produce a couple thousand dollars per year doing it.
RVshare RVshare allows you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you have a ship that you dont use very straight from the source often, list it for rent on one of those sites.
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When you've got a spare bedroom in your home you could make some money without too much effort by allowing someone to rent the space. 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 is to use websites like:.