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As I mentioned in the introduction to this article, 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. But some types of businesses expect a good deal less work than others, and you may not need to put in more than a couple of hours per week.
MobileXpression certainly is not going to make you wealthy, but it can easily get you an extra $50 per year with essentially no effort. Youll download their app to your smartphone and theyll access some browsing data, which they use for study purposes. Each 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 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 job. As an investor, you can make 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 seek out a lower cost, and if it finds one it will allow you to have a refund for the difference.
If the shipments are late, Paribus can allow you to get compensation for it. .
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AHP buys desperate mortgages to prevent foreclosure, using investor money. Investors receive up to 12 percent returns and are paid each month. I havent personally invested with AHP, but I did some research and found many men and women who had positive 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 Source a small amount when it becomes accessible again. .
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Netspend offers pre-paid debit cards, which are often employed by those who dont have bank accounts. Which might not be of interest to you. But a side benefit is that in the event you've got a pre-paid card you can also install an FDIC-insured savings account with Netspend that pays 5% interest.
You can have several accounts, apparently around 6 for $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 list, decide on a couple that look like a good match 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's easy to get, even in the event that you don't have money to invest. .