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I also have other credit cards that earn higher percentages of cash back for certain functions. The Chase Freedom card and also the Discover It card will earn 5 percent cash back on purchases in specific classes that rotate every month. I love being able to rack up 5 percent cash back for things I need to buy anyway, like groceries and gas. .
Personally, I prefer cash back credit cards travel rewards since I find 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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Charge card companies arent the only ones who are willing to pay you to open an account. Some banks will provide 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 easy way to produce 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 yourself, a robo adviser might be a great match for you. There are a growing number of companies offering those 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 get a free analysis of your 401(k) to see Bloooms recommendations. In the event you decide to use their service it will cost you $10 a month, fixed 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 cost is 0.25% 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 earn money passively would be to automate official source the process. Acorns is an program that can 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 up automatic recurring investments in case youd like to grow your account faster. .
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 which match up advertisers with car owners that want to generate a little additional money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your vehicle, 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 a lot of 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 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 rent nearly 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 security gates. This can be an perfect side business, particularly if youre located in a region that attracts a great deal of tourists and vacationers that might not have the ability to bring everything from house.
Getaround and Turo These two sites allow you to list your vehicle 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 it.
RVshare RVshare permits you to list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you've got a boat that you dont use very often, set it for rent on one of these websites.
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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 room. It might be a local school student, a single person looking for a cheap place to live, or you could rent it out nightly. A popular side hustle is to use websites such as:.