Passive Income In New Zealand for Dummies
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. But some types of businesses require a good deal 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 extra $50 per year with basically no effort. Youll download their app to your smartphone and theyll access your browsing data, which they use for study purposes. Every 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 a few 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 work. As an investor, you can earn money passively in the investment.
Paribus is a free app 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 search for a lower price, and if it finds one it can help you to have a refund for the difference.
When the shipments are overdue, Paribus can allow you additional reading to get 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 I did some 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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Netspend offers prepaid debit cards, which are often employed by those who dont have bank accounts. That might not be of much interest to you. But a side benefit is that in the event you have a prepaid card card you can also install an FDIC-insured savings account with Netspend that pays 5 percent interest.
You can have multiple accounts, apparently around 6 to $6,000 total. For a far more detailed look at this, please visit How Im Getting 5% Interest on FDIC-Insured Savings Accounts. .