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In addition, I have other credit cards that earn high percentages of money back for certain functions. The Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in specific categories that rotate each month. I really like being able to rack up 5 percent cash back to things I need to buy anyway, like groceries and gasoline. .
Personally, I prefer cash back credit cards travel benefits 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 find 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 give you a bonus only 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 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 put your money to work but youre not comfortable picking and managing the investments , a robo advisor might be a good fit for you. There are a growing number of companies offering these 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 choose to use their service it will cost you $10 per month, adjusted amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisers. Betterment can lead you through personalized planning based on your personal situation, and then it will make 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 Read More Here way to invest and make money passively is to automate the process. Acorns is an program that will invest your spare change . When you make a purchase it will round up to the see this website 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 a few different companies out there that meet up advertisers with automobile owners who want to make some additional money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not damage your vehicle, and theyll really install it for you.
Some of the biggest companies in this industry are:.
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One way to make some money without a lot of effort would be to rent out your stuff to other men and women. There are a lot of possibilities , and it really depends on what you have, and what you dont mind others using. Fortunately, there are also several websites 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.
Style Lend At Style Lend you can rent womens fashion Resources items, like clothing and accessories. In case you've got a closet full of nice clothes this can be a nice, easy 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 security gates. This can be an ideal side business, particularly if youre situated in a area which attracts a great deal of tourists and vacationers who might not have the ability to bring everything from house.
Getaround and Turo These two sites enable you to list your vehicle for rent. People can rent out of you rather than going to one of the major 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 lucrative side hustle.
Boatsetter and GetMyBoat In case you have a boat that you dont use very often, set it for rent on one of these sites.
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If you've got a spare bedroom in your house you could make some money without too much effort by allowing someone to rent the room. It could be a local college student, a single person looking for a cheap place to call home, or you could rent it out nightly. A favorite side hustle would be to use websites like:.