Indicators on Passive Income In New Zealand - Passive Income Ideas You Should Know

As I mentioned in the introduction of this guide, 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 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 essentially no effort. Youll download their app to your smartphone and theyll get access to some browsing information, 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 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 for their job. As an investor, you can make money passively in the investment.

Paribus is a free app 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 will help you to get a refund for the difference.

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

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AHP buys desperate mortgages to prevent foreclosure, using investor money. Investors receive around 12 percent returns and are paid every month. I havent personally invested with AHP, these details but I did a little research and found many men and women who had positive experiences with the investment. Its currently closed for new investors, however 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. .

The Definitive Guide to Passive Income In New Zealand - Passive Income Ideas

Netspend offers pre-paid debit cards, which are often used by people who dont have bank accounts. That may not be of interest to you. However, a side benefit is that in the event you have a pre-paid card you can also set up an FDIC-insured savings account with Netspend that pays 5 percent interest.

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

After reading through this list, pick a couple that look 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 not difficult to get, even in the event that you don't have money to invest. .