Passive Income In New Zealand - Passive Income Ideas 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. Usually, that means hiring people to do the job for you. However, some kinds of businesses expect a lot less work than others, and you might not need to put in more than just a couple of hours per week.

MobileXpression certainly is not going to make you wealthy, but it can easily get you an additional $50 per year with essentially no attempt. Youll download their app to your smartphone and theyll get access to some 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 so far. .

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Royalty Exchange is a market where you can invest in royalties. Artists and musicians can raise money by selling the royalties for their job. As an investor, you can make money passively in the investment.

Paribus is a free program that will automatically hunt for refunds that are owed to you. When you make a purchase from a store/website which has a price match guarantee Paribus will search for a lower price, and if it finds one it can allow you to have a refund for the difference.

When the shipments are late, Paribus can help you to get compensation for this. .

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AHP buys desperate mortgages to prevent foreclosure, using investor money. Investors receive 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 investors, but there's 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 available again. .

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Netspend delivers pre-paid debit cards, which are often employed by people who dont have bank accounts. Which may not be of much interest to you. But 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% interest.

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

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

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