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I also have other credit cards that earn high percentages of cash back for certain purposes. The Chase Freedom card and the Discover It card will earn 5% cash back on purchases in specific categories that rotate every month. I really like being able to rack up 5% cash back to things I need to buy anyway, such as groceries and gas. .
Personally, I prefer money back credit cards travel benefits since I find 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 who are willing to pay you to open an account. Some banks will provide 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 way 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 put your money to work but youre not comfortable picking and managing the investments yourself, a robo advisor might be a great 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. In the event you decide to use their support it will cost you $10 a 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 make 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 earn money passively would be to automate the process. Acorns is an program 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 in case youd prefer to grow your account quicker. .
If youre looking for a passive side hustle, just about allowing your car to be used as an advertisement
There are some different companies out there that match up advertisers with automobile owners who want to generate some additional money. It could be a back window advertisement, panel, or full wrap. The ad will be removable, will not harm your car, and theyll really install it for you.
Some of the biggest companies in this industry are:.
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One way to earn some money without much effort is to rent out your stuff to other people. There are a whole lot of possibilities , and it really depends on what you have, and what you dont mind others using. Fortunately, there are also a number of websites that allow you to list your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, website link to baby items.
Style Lend At Style Lend you can rent womens fashion items, like clothes and accessories. If you have a cupboard full of nice clothing 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 from cribs to toys to security gates. This can be an ideal side business, particularly if youre situated in a region that attracts a lot of tourists and vacationers who may not have the ability to bring everything out of home.
Getaround and Turo These two sites allow Bonuses you to record your vehicle for rent. People can rent from you rather than going to one of the significant chains, and you can produce a few thousand dollars per year doing it.
RVshare RVshare permits you to set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a ship that you dont use very often, list it for rent on one of those websites.
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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 might 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 would be to use sites such as:.