The Ultimate Guide To Passive Income In New Zealand

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. Usually, that means hiring people to do the job for you. But some types 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 wealthy, but it can easily get you an additional $50 per year with essentially no effort. Youll download their app to your smartphone and theyll access some browsing information, which they use for research purposes. Each week youll earn 5 credits.

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

All about Passive Income Ideas In New Zealand

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 from the investment.

Paribus is a free program that will automatically search for refunds which are owed to you. When you make a purchase from a store/website which 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 help you to find compensation for this. .

The Ultimate Guide To Passive Income Ideas In New Zealand

AHP buys distressed mortgages to prevent foreclosure, using investor money. Investors receive up to 12% returns and are paid each month. I havent personally invested with AHP, but that I did some research and found many people who had favorable 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 accessible again. .

The 10-Second Trick For Passive Income In New Zealand - Passive Income Ideas

Netspend delivers prepaid debit cards, that are often used by people who dont have bank accounts. That might not be of interest to you. But a side benefit is that if you have a pre-paid card you can also install an FDIC-insured savings account with Netspend that pays 5 percent interest.

You can have several accounts, apparently up to 6 for $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 listing, pick a few that seem like a fantastic match for you. The sooner you begin with passive income the sooner youll be making money, and youll have more to re-invest. There is definitely some low-hanging fruit on this list that's easy to get, even in the event that you don't other have money to invest. .