It's time to stop dreaming about a better life and start making it happen.
If you're sick of working so hard and not getting ahead, there are ways to make more money without lifting a finger.
In this article, we'll talk about 5 ways you can increase your income without having to work any harder than you already do.
1) Earn money by shopping or eating.
Earn money by shopping or eating.
If you're not using a credit card to earn rewards, then you could be missing out on free cash. You can use your credit card to get money back, travel points, and merchandise just for making purchases you would have made anyway. Here's how:
Earn cash back with a rewards card. If you're going to shop at Amazon or iTunes anyway, why not get rewarded for it? Some of the best rewards cards offer up to 5% cash back on those sites and many others.
But keep in mind that some cards charge an annual fee (though these tend to offer more generous perks), so compare before applying for one. And make sure that any rewards come in the form of statement credits—you don't want them tied up as points that take forever to accumulate enough value for redemption!
2) Open a credit card with lucrative rewards.
One of the best ways to make money is by using a credit card with lucrative rewards. It's easy to do and you can use the rewards for anything from cash back on your purchases, to travel or merchandise.
Rewards programs can be tracked easily by signing up for a free account at Bankrate or CreditCards.
It's easy to earn points on credit cards: just use it as your primary form of paying for things and pay off your balance each month (or at least try). The more you spend, the more points you'll earn that can be redeemed for cash back or other perks like airfare and hotel stay.
3) Open a credit card with big signup bonuses.
If you don't have the credit score to qualify for a high-end rewards card, consider opening a card with a smaller signup bonus. If all goes well and you can avoid spending beyond your means, you can make up for it with bigger bonuses that come from harder-to-get cards.
Choose one of your favorite stores as your preferred retailer. Look at the list of available reward credit cards for that store on CreditCards.com or another trusted financial site.
Compare these offers based on whether they offer points or miles (or both), what annual fee they charge, and how much money it takes to earn each reward point or mile (this will vary depending on how much you spend). You'll likely want to look at multiple cards because there are so many differences between them, particularly in terms of fees and rewards offered under each program's signup bonus offer window.
4) Keep your money in a high yield savings account
If you have extra money that you don't need to use right now, consider keeping it in a high yield savings account or money market account. Savings accounts are a great place to keep money that you might need in the near future but still want to earn interest on.
Money market accounts are similar to savings accounts, but they generally offer higher rates of return and more flexibility with withdrawals. You can open up an account at any bank or credit union where you have an account already (if not, find one close by).
Once the account is open, simply deposit your funds into the new one and leave them there! Make sure not to withdraw any of those funds until after they have earned some interest—you'll end up paying a fee if you do this before they've accrued some interest income for yourself!
5) Invest your money so that it grows over time.
You don't need to be a genius or have a lot of work experience to make money. Even if you're young, you can start saving and investing your money today, so that it grows over time and becomes more valuable than what you initially put in.
In order for this to happen, however, you'll need to stay disciplined: You'll have to do things like diversify your investments and set aside funds regularly—even when there's an opportunity cost involved—so that the compound interest will take care of itself.
Conclusion
So there you have it! Five ways to make more money without lifting a finger.
If you're looking for more ways to earn more, feel free to check out our other articles on the topic. We've got great tips on how to save money on your commute, make extra cash by selling used stuff online, and even how to make money blogging!
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