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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 also the Discover It card will earn 5 percent cash back on purchases in particular categories that rotate each month. I love being able to rack up 5 percent cash back for things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer money back credit cards to travel rewards 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 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 give you a bonus simply for opening a checking or savings account. Again, this isnt something that youre going to do all of the time, but it's an easy method to make 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 place your money to work but youre not comfortable picking and managing the investments yourself, a robo advisor could 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 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 service it will cost you $10 a month, adjusted 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 rebalance it. The price is 0.25percent off your balance, annually.
In terms of 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 procedure. Acorns is an app that 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 even set up automatic recurring investments if youd like to develop your account faster. .
If youre looking for a passive side hustle, just about allowing your car to be used as an advertisement
There are a few different companies out there which match up advertisers with automobile owners who want to generate some extra money. It might be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your car, and theyll really install it for you.
Some of the largest companies in this industry are:.
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One approach to earn some money without much effort is to rent your stuff out to other men and women. There are a whole lot of possibilities here, and it really depends on what you've got, and what you dont mind others using. Fortunately, there are also a number of websites that enable you to list your items for rent, and make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent nearly anything from electronics, to sporting goods, to baby items.
Style Lend At Style Lend you can rent womens fashion items, like clothing and accessories. If you've got a closet full of nice clothing 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 security gates. This can be an perfect side business, especially if youre situated in a area which attracts a lot of tourists and vacationers who might not be able to bring everything out of house.
Getaround and Turo These two sites allow you to list your vehicle for rent. People can rent out of you click to investigate rather than going to one of the significant chains, and you can make a couple thousand dollars per year doing it.
RVshare RVshare allows you to set 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, set it for rent on one of those sites.
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When you have a spare bedroom in your house you may 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 favorite side hustle is to use sites like:.