All About 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 when youre not putting much time into it. Usually, that means hiring people to do the work for you. However, some kinds of businesses expect 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 additional $50 per year with basically no effort. Youll download their program to your smartphone and theyll access 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 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 job. As an investor, you can make money passively from 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 help you to get a refund for the difference.

If 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 men and women who had favorable experiences with the investment. Its currently closed for new investors, but there's 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 available again. .

Passive Income In New Zealand Can Be Fun For Anyone

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

You can have several 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. .

After reading through this list, pick a few that look like a fantastic fit 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 is easy to get, even in the event that you don't have money to invest. .