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As I mentioned in the introduction to 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 kinds of businesses require a good deal less work than others, and you may not need to put in more than a couple of hours each week.
MobileXpression certainly is not going to make you rich, but it can easily get you an additional $50 per year with basically no effort. Youll download their program to your smartphone and theyll access some browsing data, which they use for study 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 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 to their work. As an investor, you can earn money passively from the investment.
Paribus is a free app that will automatically search 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 lower cost, and if it finds one it can help you to have a refund for the difference.
If the shipments are late, Paribus can help you to get compensation for it. .
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AHP buys desperate mortgages to prevent foreclosure, using investor money. Investors receive around 12% returns and are paid every month. I havent personally invested with AHP, but that I did a little 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 readily available for their next fund.
I signed up to the wait list and plan to invest a small amount when it becomes available again. .
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Netspend offers pre-paid debit cards, that are often employed by those who dont have bank accounts. Which might not be of interest to you. But a side benefit is that if you have a pre-paid card you can try here you can also set up an FDIC-insured savings account with Netspend that pays 5% interest.
You can have several accounts, apparently up to 6 for $6,000 total. For a much more detailed look at this, please see How Im Getting 5% Interest on FDIC-Insured Savings Accounts. .
After reading through this listing, decide on a couple that seem like a fantastic match for you. The sooner you begin with passive income that the sooner youll be making money, and youll have to re-invest. There is definitely some low-hanging fruit on this list that's not difficult to get, even if you don't have money to invest. .