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As I mentioned in the introduction of this guide, 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 types of businesses require a lot less work than others, and you might not need to put in more than just a couple of hours per week.
MobileXpression certainly is not going to make you wealthy, but it can easily get you an additional $50 per year with basically no effort. Youll download their program to your smartphone and theyll get access to your browsing data, 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 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 work. As an investor, you can earn money passively from 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 that has a price match guarantee Paribus will search for a lesser price, and if it finds one it will help you to get a refund for the difference.
If the shipments are overdue, Paribus can help you to get compensation for this. .
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AHP buys desperate mortgages to prevent foreclosure, using investor money. Investors get up to 12 percent returns and are paid each month. I havent personally invested with visit this site right here 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. .
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Netspend offers pre-paid debit cards, that are often employed by people who dont have bank accounts. Which might not be of interest to you. However, a side benefit is that if you have a prepaid card card you can also set up an FDIC-insured savings account with Netspend that pays 5 percent interest.
You can have several accounts, apparently up to 6 to $6,000 total. For a far more thorough look at this, please see How Im Getting 5% Interest on FDIC-Insured Savings Accounts. .
After reading through this listing, pick a couple that seem like a fantastic fit for you. The sooner you get started with passive income that the sooner youll be making money, and youll have to re-invest. There's definitely some low-hanging fruit on this list that's easy to get, even if you don't have money to invest. .