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I also have other credit cards that earn higher percentages of money back for certain purposes. 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, such as groceries and gasoline. .
Personally, I prefer cash back credit cards travel benefits 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, visit 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 who are willing to pay you to open an account. Some banks will provide you a bonus simply for opening a checking account or savings account. Again, this isnt something that youre going to do all of the time, but it is an easy method to produce a little additional money with no work involved. .
Capital One is currently offering a $25 bonus for opening a checking account or savings account (for new customers).
If you want to place your money to operate but youre not comfortable picking and managing the investments , a robo advisor might be a great fit 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 will 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 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. Betterment will direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and automatically 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 would be to automate the process. Acorns is an app which can invest your spare change . 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 quicker. .
If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement
There are some different companies out there that match up advertisers with automobile owners that want to make some additional money. It could be a back window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll actually install it for you.
Some of the largest companies in this industry are:.
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One way to make some money without much effort is to rent out reference your stuff to other men and women. There are a whole lot of possibilities , 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 allow you to record your items for rent, and official website make it effortless for renters to find you. .
Fat Lama At Fat Lama you can rent just about 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 have a closet full of nice clothes 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 located in a region that attracts a great deal of tourists and vacationers that may not be able to bring everything out of home.
Getaround and Turo These two sites allow you to record your car for rent. Folks can rent from you rather than going to one of the major chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare permits you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you have a ship which you dont use very 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 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 live, or you might rent it out nightly. A popular side hustle is to use click here for info websites such as:.