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In addition, I have other credit cards that earn high percentages of cash back for certain functions. Both the Chase Freedom card and the Discover It card will earn 5% cash back on purchases in particular classes that rotate each month. I really like being able to rack up 5 percent cash back for things I need to buy anyway, such as groceries and gas. .
Personally, I prefer cash 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 love being able to earn points on travel rewards cards. If thats the case for you, visit 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 that 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 of the time, but it's an easy method 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 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. There are a growing number of companies offering these solutions. Youll enter some information linked 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 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 most popular robo advisors. Betterment will lead you through personalized planning based on your personal situation, and then it will create a diversified portfolio and automatically 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 earn money passively would be to automate the process. Acorns is an app that can invest your spare change . 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 in case youd like to develop your account faster. .
If youre looking for a passive side hustle, just about allowing your car to be Utilized as an advertisement
There are some different companies out there that match up advertisers with automobile owners that want to make some additional money. It might be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your vehicle, and theyll actually install it to you.
Some of the largest companies in this industry are:.
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One way to earn some money without much effort would be to rent your stuff out to other people. There are a whole lot of possibilities , and it really depends on what you have, and what you dont mind other people using. Fortunately, there are also a number of websites that allow you to record your items for rent, and make it easy for renters to find you. .
Fat Lama In Passive Income Ideas in Germany Fat Lama you can rent nearly anything from electronics, to sporting goods, to baby things.
Style Lend At Style Lend you can rent womens fashion items, like clothing and accessories. If you've got a closet full of nice clothing this can be a nice, easy side hustle for you.
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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 an perfect side business, especially if youre located in a region which attracts a lot of tourists and vacationers who may not have the ability to bring everything from home.
Getaround and Turo These two sites allow you to record your car for rent. Folks can rent out of you rather than going to one of the major chains, and you can make a few thousand dollars per year doing this.
RVshare RVshare permits you to set an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat If you've got a ship which you dont use very often, set it for rent on one of these sites.
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When you've got 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 school student, a single person looking for a cheap place to call home, or you might rent it out nightly. A popular side hustle is to use sites like:.