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I also have other credit cards that earn higher percentages of money back for certain purposes. The Chase Freedom card and the Discover It card will earn 5 percent cash back on purchases in particular classes that rotate each month. I love being able to rack up 5% cash back to things I need to purchase anyway, such as groceries and gas. .
Personally, I prefer money back credit cards to travel rewards since I find that the points system on a lot of travel rewards cards to be confusing. But many men and women enjoy 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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Charge card companies arent the only ones that are willing to pay you to open an account. Some banks will give 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's an effortless method to produce a small amount of additional money with no work involved. .
If you want to put your money to operate 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 advisor that specializes in 401(k) accounts. You can find a free analysis of your 401(k) to view Bloooms recommendations. If you choose to use their service it can cost you $10 a month, fixed 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 0.25percent off your balance, annually.
In terms of being passive, it doesnt get much more passive than allowing technology to do the work for you.
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One way to invest and earn money passively is look here to automate the process. Acorns is an app which 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 also set up automatic recurring investments in case youd like 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 a few different companies out there which match up advertisers with car owners that want to generate some additional money. It might be a rear window advertisement, panel, or full wrap. The advertisement 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 approach to earn some money without much effort would be to rent your stuff out to other men and women. There are a lot of possibilities , and it really depends on what you've got, and what you dont mind other people 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 At Fat Lama you linked here can rent nearly anything from electronics, to sporting goods, to baby things.
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BabyQuip In BabyQuip you can rent all kinds of baby things out of cribs to toys to security gates. This can be an perfect side business, particularly if youre located in a region which attracts a lot of tourists and vacationers who may not be able to bring everything out of home.
Getaround and Turo These two sites enable you to list your vehicle for rent. Folks can rent from you rather than going to one of the significant chains, and you can produce a few thousand dollars per year doing this.
RVshare RVshare allows 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, set it for rent on one of these sites.
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When you have a spare bedroom in your house you could 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 YOURURL.com a cheap place to live, or you might rent it out nightly. A popular side hustle would be to use sites such as:.