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I also have other credit cards that earn high percentages of money back for certain purposes. Both the Chase Freedom card and also the Discover It card will earn 5% cash back on purchases in particular classes that rotate every month. I love being able to rack up 5 percent cash back for things I need to buy anyway, like groceries and gas. .

Personally, I prefer money back credit cards to travel rewards because I find that the points system on a great deal 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, see this page to find 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 only for opening a checking account or savings account. Again, this isnt something that youre going to do all the time, but it is an effortless method to produce a small amount of extra money with no work involved. .

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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 services. 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 view Bloooms recommendations. In the event you decide 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 lead you through personalized planning based on your personal situation, and then it will make a diversified portfolio and rebalance it. The price is 0.25% off your balance, annually.

In relation to 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 would be to automate the process. Acorns is an app which will 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 grow your account quicker. .

If youre looking for a passive side hustle, how about allowing your car to be used as an advertisement

There are a few different companies out there that meet up advertisers with automobile owners that want to generate a little extra money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not damage your car, and theyll actually install it for you.

Some of the biggest companies in this industry are:.

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One approach to earn some money without much effort is to rent your stuff out to other men and women. There are a whole lot of possibilities , and Going Here it really depends on what you have, and what you dont mind other people using. Fortunately, there are also a number of sites that allow you to record your items for rent, and make it effortless for renters to find you. .

Fat Lama At Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant items.

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Style Lend At Style Lend you can rent womens fashion items, like clothes and accessories. In case you have a closet 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 items from cribs to toys to safety gates. This can be an ideal side business, especially if youre situated in a region that attracts a lot of tourists and vacationers who might not be able to bring everything from home.

Getaround and Turo These two sites allow you to list your car for rent. People can rent out of you rather than going to one of the significant chains, and you can produce a couple thousand dollars per year doing this.

RVshare RVshare permits you to list 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 websites.

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If you've got a spare bedroom in your home 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 home, or you could rent it out nightly. A favorite side hustle would be to use sites such as:.

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