The Main Principles Of Passive Income In New Zealand

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As I mentioned in the introduction of this article, just about any business can be a passive source of income when youre not putting much time into it. Normally, that means hiring people to do the job for you. However, some types of businesses require a lot less work than others, and you may not need to put in more than a couple of hours per week.

MobileXpression certainly is not going to make you wealthy, but it can easily get you an extra $50 per year with essentially no attempt. Youll download their app to your smartphone and theyll get access to your browsing information, which they use for research purposes. Each 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 so far. .



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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 search for refunds that are owed to you. When you make a purchase from a useful site store/website that has a price match guarantee Paribus will seek out a lesser price, and if it finds one it will help you to have a refund for the difference.

When the shipments are overdue, Paribus will allow you to get compensation for this. .



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AHP buys distressed mortgages to prevent foreclosure, using investor money. Investors receive around 12 percent returns and are paid every month. I havent personally invested with AHP, but that I did a little research and found many people who had favorable experiences with the investment. Its currently closed for new investors, however there is a wait list 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, which are often employed by people who dont have bank accounts. Which might not be of much interest to you. But a side benefit is that if you have a prepaid card card you can also set up an FDIC-insured savings account with Netspend that pays 5 percent interest.

You can have multiple accounts, apparently up to 6 for $6,000 total. For a much more detailed look 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 good match for you. The sooner you begin with passive income the sooner youll be making money, and youll have more to re-invest. There's definitely some low-hanging fruit on this list that's easy to get, even if you don't have money to invest. .

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