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I also have other credit cards that earn higher percentages of cash back for certain purposes. The Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in specific classes that rotate every month. I really like being able to rack up 5% cash back to things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer cash back credit cards to travel benefits because I find that 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 see an updated listing 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 account or savings account. Again, this isnt something that youre going to do all of the time, but it's an easy method to make a small amount of extra money with no work involved. .
If you want to place 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 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 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, fixed amount rather than a percentage of your investments.
Betterment is one of the most popular robo advisers. Betterment will direct you through personalized planning based on your personal situation, and then it will make a diversified portfolio and automatically rebalance it. The price 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 way to invest and make money passively would be to automate the process. Acorns is an app which 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 also set up automatic recurring investments if youd prefer to grow your account quicker. .
If youre looking for a passive side hustle, how 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 generate some additional money. It might be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your car, and theyll actually 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 whole lot of possibilities here, and it really depends on what you've got, and what you dont mind other people using. Fortunately, there are also several sites that enable you to record 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 infant things.
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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 click this an perfect side business, particularly if youre situated in a region which attracts a lot of tourists and vacationers that might not have the ability to bring everything out of house.
Getaround and Turo These two sites allow you to list your car for rent. People can rent from you rather than going to one of the significant chains, and you can make a couple thousand dollars per year doing this.
RVshare RVshare allows you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you have a boat which you dont use very often, set it for rent on one of those sites.
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If you have a spare bedroom in your house you may make some money without too much effort by allowing someone to rent the space. It might be a local college student, a single person looking for a cheap place to call review home, or you might rent it out nightly. A favorite side hustle is to use websites like:.