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I also have other credit cards that earn higher percentages of cash back for certain functions. Both the Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in specific categories that rotate each month. I really like being able to rack up 5% cash back to things I need to purchase anyway, like groceries and gas. .
Personally, I prefer cash back credit cards travel rewards since I find the points system on a great deal 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 listing of the best travel rewards credit cards. .
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Credit 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 way to make 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 clients ).
If you want to place your money to operate but youre not comfortable picking and managing the investments yourself, a robo adviser could be a good match for you. You will find 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 adviser that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to see Bloooms recommendations. If you choose 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 can direct 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 work for you.
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One way to invest and make money passively is to automate the process. Acorns is an program that can invest your spare change automatically. 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 if youd prefer to grow your account faster. .
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 meet up advertisers with car owners that want to generate a little extra money. It might be a rear 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 largest companies in this industry are:.
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One approach to make some money without a lot of effort is to rent out your stuff to other people. There are a 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 enable 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, to straight from the source infant 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, simple side hustle for you.
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BabyQuip At BabyQuip you can rent all kinds of baby things out of cribs to toys to safety gates. This can be an ideal side business, particularly if youre situated in a area that attracts a great deal of tourists and vacationers who might not have the ability to bring everything out of home.
Getaround and Turo These two sites allow you to record your car for rent. People can rent out of 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 set an RV for rent, which can be a potentially rewarding side hustle.
Boatsetter and GetMyBoat If you've got a boat that you dont use very often, list it for rent on one of those sites.
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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 space. It might be a local school student, a single person looking for a cheap place to call home, or you could rent it out nightly. A popular side hustle is to use sites such as:.