Passive Income In New Zealand for Dummies

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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 job for you. However, some types of businesses expect a lot less work than others, and you might not need to put in more than just a few hours each week.

MobileXpression certainly is not going to make you rich, but it can easily get you an additional $50 per year with basically no attempt. Youll download their program to your smartphone and theyll access your browsing information, 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 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 for 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 allow you to have a refund for the difference.

When the shipments are overdue, Paribus will allow you to find compensation for it. .

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

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

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Netspend offers pre-paid debit cards, that are often employed by people who dont have bank accounts. Which might not be of interest to you. However, a side benefit is that in the event you have a pre-paid card you can also set up an FDIC-insured savings account Full Article with Netspend that pays 5 percent interest.

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

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After reading through this list, pick a couple that look like a good match for you. The sooner you get started with passive income the sooner youll be making money, and youll have to re-invest. There is definitely some low-hanging fruit on this list that's not difficult to get, even if you don't have money to invest. .

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