The Greatest Guide To Passive Income In New Zealand

As I mentioned in the introduction to 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 types of businesses require a good deal less work than others, and you may not need to put in more than just a few hours per week.

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

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

About Passive Income In New Zealand - Passive Income Ideas

Royalty Exchange is a marketplace 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 which are owed to you. When you make a purchase from a store/website that has a price match guarantee Paribus will seek out a lower cost, and if it finds one it will allow you to get a refund for the difference.

If the shipments are late, Paribus will help you to find compensation for this. .

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

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

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Netspend delivers pre-paid debit cards, that are often employed by people who dont have bank accounts. That 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 around 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. .

After reading through this list, decide on a couple that seem like a good fit for you. The sooner you get started with passive income the sooner youll be making money, and youll have 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. .