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I also have other credit cards that earn higher percentages of cash back for certain purposes. Both the Chase Freedom card and the Discover It card may earn 5 percent cash back on purchases in particular classes that rotate every month. I really like being able to rack up 5% cash back for 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 lot 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, visit this page to see an updated list of the best travel rewards credit cards. .

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Credit card companies arent the only ones who 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 the time, but it's 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 could be a good fit for you. You will find a growing number of companies offering those solutions. Youll enter some information linked 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 will cost you $10 a month, adjusted amount rather than a percentage of your investments.

Betterment is one of the hottest robo advisers. Betterment will lead you through personalized planning based on your personal situation, and then it will create a diversified read what he said portfolio and 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 make money passively is to automate the procedure. Acorns is an program 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 also set up automatic recurring investments in case youd like to develop your account quicker. .

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

There are some different companies out there that match up advertisers with automobile owners who want to generate a little extra money. It might be a rear window advertisement, panel, or full wrap. The ad will be removable, will not harm your car, 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 would be 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 allow you to record your items for rent, and make it easy for renters to find you. .

Fat Lama In Fat Lama you can rent just about anything from electronics, to sporting goods, to infant items.

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Style Lend At Style Lend you can rent womens fashion products, like clothes and accessories. In case you've got a cupboard 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 things from cribs to toys to security gates. This can be an ideal side business, particularly if youre located in a area 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 allow you to record your car 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've got a boat that you dont use very often, list it for rent on one of these sites.

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When you have a spare bedroom in your home you may make some money without too much effort by allowing someone to rent the space. It could be a local college student, a single person looking for a cheap place to live, or you could rent it out nightly. A popular side hustle is to use sites like:.

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