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In addition, I have other credit cards that earn high percentages of money back for certain functions. Both the Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in specific classes that rotate each month. I love being able to stand up 5% cash back for things I need to purchase anyway, such as 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 enjoy 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 that 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's an effortless way to make a little additional 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 clients ).

If you want to put your money to operate but youre not comfortable picking and managing the investments , a robo advisor could be a good match for you. There are a growing number of companies offering those 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 get a free analysis of your 401(k) to view Bloooms recommendations. If you choose to use their support it can cost you $10 a month, adjusted amount rather than a percentage of your investments.

Betterment is one of the most popular robo advisors. 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 cost is 0.25% off your balance, annually.

In relation to being passive, it doesnt get much more passive than allowing technology to do the job for you.

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One way to invest and earn money passively is to automate the process. Acorns is an program that can invest your spare change . When you make a purchase it'll 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 quicker. .

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 match up advertisers with car owners who want to generate some additional money. It could be a rear window advertisement, panel, or full wrap. The ad will be removable, will not damage your vehicle, and theyll really install it to you.

Some of the biggest companies in this industry are:.

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One way to make some money without much effort is to rent your stuff out to other people. There are a whole lot of possibilities , and it really depends on what you've got, and what you dont mind other people using. Fortunately, there are also several sites that allow you to record your items for rent, and make it easy for renters to find you. .

Fat Lama At Fat Lama you can rent nearly anything from electronics, to sporting goods, to baby things.

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Style Lend At Style Lend you can rent womens fashion items, like clothes and accessories. If you've got a cupboard full of nice clothing this can be a nice, simple side hustle for you.

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BabyQuip In BabyQuip you can rent all kinds of baby items from cribs to toys to safety gates. This can be an ideal side business, particularly if youre located in a area which 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 vehicle for rent. People can rent from you rather than going to one of the significant chains, and you can make a few thousand dollars per year doing this.

RVshare RVshare allows you to list an RV for rent, which can be a potentially rewarding side hustle.

Boatsetter and GetMyBoat website here If you have a ship which you dont use very often, list it for rent on one of these websites.

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When you have a spare bedroom in your house you may make some money without too much effort by allowing someone to rent the room. It could be a local school 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 websites such as:.

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