The Only Guide to Passive Income In New Zealand

As I mentioned in the introduction of this article, just about any business can be a passive source of income if youre not putting much time into it. Normally, that means hiring people to do the work for you. But some kinds of businesses expect a good deal less work than others, and you might not need to put in more than a few hours each week.

MobileXpression certainly is not going to make you wealthy, but it can easily get you an extra $50 per year with essentially no effort. Youll download their program to your smartphone and theyll access some browsing data, which they use for research purposes. Every week youll earn 5 credits.

Youll also receive a bonus when you first sign up. Ive been using it for a little while now and Ive earned several gift cards up to now. .

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Royalty Exchange is a marketplace where you can invest in royalties. Artists and musicians can raise money by selling the royalties to their work. As an investor, you can make money passively from the investment.

Paribus is a free program that will automatically hunt for refunds which are owed to you. When you make a purchase from a store/website which has a price match guarantee Paribus will seek out a lesser cost, and if it finds one it can help you to get a refund for the difference.

When the shipments are overdue, Paribus can allow you to find compensation for this. .

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AHP buys distressed mortgages to prevent foreclosure, using investor money. Investors get up to 12 percent returns and are paid every month. I havent personally invested with AHP, but that I did some research and found many people who had favorable experiences with the investment. Its currently closed for new additional info investors, however there is a wait list available for their next fund.

I signed up to the wait list and plan to invest a small amount when it becomes accessible again. .

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Netspend delivers prepaid debit cards, that are often employed by those who dont have bank accounts. Which might not be of interest to you. However, a side benefit is that if you've got a pre-paid card you can also set up an FDIC-insured savings account together with Netspend that pays 5 percent interest.

You can have several accounts, apparently up to 6 for $6,000 total. For a much more detailed look at this, please visit How Im Getting 5% Interest on FDIC-Insured Savings Accounts. .

After reading through this listing, pick a couple that seem like a fantastic match for you. The sooner you begin with passive income that the sooner youll be making money, and youll have to re-invest. There is definitely some low-hanging fruit on this list that's easy to get, even in the event that you don't have money to invest. .