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I also have other credit cards that earn high percentages of cash back for certain purposes. Both the Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in particular classes that rotate each month. I really like being able to rack up 5% cash back for things I need to buy anyway, such as groceries and gas. .
Personally, I prefer money back credit cards travel rewards because 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 list 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 only for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it's an easy method to make a little 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 could be a great fit for you. You will find a growing number of companies offering these 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 get a free analysis of your 401(k) to view Bloooms recommendations. If you choose to use their support it can cost you $10 a month, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. 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 do the work for you.
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One way to invest and earn money passively is to automate the procedure. Acorns is an app 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 also set up automatic recurring investments in case youd prefer to develop your account faster. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are a few different companies out there which match up advertisers with car owners who want to generate a little additional money. It could be a rear window advertisement, panel, or full wrap. The advertisement will be removable, will not damage 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 earn some money without much effort would be to rent out your stuff to other men and women. There are a whole lot of possibilities here, and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also a number of sites that enable you to list your items for rent, and make it easy for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to baby items.
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BabyQuip In BabyQuip you can rent all kinds of baby things out of cribs to toys to security gates. This can be an ideal side business, especially if youre situated in a region which attracts a lot of tourists and vacationers who might not have the ability to bring everything out of house.
Getaround and Turo These two sites enable you to list your vehicle for rent. Folks can rent from you 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 list an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat In case you have a boat which you dont use very often, set it for rent on one of these websites.
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When you have 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 college student, a single person looking for a cheap place to live, or you might rent it out nightly. you can try here A favorite side hustle is to use sites such as:.