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The Power of Passive Income: Make Your Money Work for You
CREATE A LONG-TERM, NO-FUSS, WEALTH-BUILDING PLAN THAT WILL GET YOU OUT OF AN OFFICE CUBICLE FOR GOODEntrepreneur Media has teamed up with Nightingale-Conant, the world leader in self-development, to show you how to escape the 9-to-5 rat race, harness the power of passive income, and earn a steady stream of cash while living your best life. Whether you want to escape your corporate life and start a side hustle, spend more time with your family while your real es-tate investment rakes in the cash, or build a financial nest egg for the future with a passive investment stream, The Power of Passive Income will get you started on your journey.
You will learn how
Assess your personal skills, resources, and lifestyleIdentify passive income and time-for-money modelsGet out of your debt hole and into your nest eggManage your income and expectations for successGenerate a six-figure income with the right strategy for your goalsRedefine wealth based on what matters to youFree yourself from the need to work for someone else—and make yourself rich instead. Maximize your income, minimize your stress level, and get the absolute most from every moment with The Power of Passive Income.
You will learn how
Assess your personal skills, resources, and lifestyleIdentify passive income and time-for-money modelsGet out of your debt hole and into your nest eggManage your income and expectations for successGenerate a six-figure income with the right strategy for your goalsRedefine wealth based on what matters to youFree yourself from the need to work for someone else—and make yourself rich instead. Maximize your income, minimize your stress level, and get the absolute most from every moment with The Power of Passive Income.
253 pages, Kindle Edition
Published February 19, 2019
71 people are currently reading
299 people want to read
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Displaying 1 - 15 of 15 reviews
March 14, 2019
Very interesting read, and well loaded with information. A total of 13 chapters make the whole of this book, and although the main topic is that of passive income, just as the title would suggest, you can also find information on getting out of debt, managing your income, the power of interest, the stock market, and way more.
With so much information diversity, I feel that some examples will not apply to you, or might not interest you. For example, the section on investing in stocks wasn't really that interesting to me, yet I still read it to be able to learn something new, and at least give it a chance.
I found the section on real state interesting, and although I don't currently have the means to get into real state investing, I hope to be able in the future. And since I am not ready to start investigating this topic with full force, I appreciated the small section in this book. Enough to get acquainted with the topic, but not too long that will take my time away from other topics that are more useful in the present.
Another thing to note about this book is the brevity of each topic. As mentioned above, it can be a good thing, if, like me, you're only looking for an introduction or a place to start. But if you find yourself enticed by one of the sections, you could be left with the desire for more information.
Overall, I find this book very informative, even if brief. It makes for a great starting point for anyone looking for the various ways of earning passive income, but aren't sure how to get started.
With so much information diversity, I feel that some examples will not apply to you, or might not interest you. For example, the section on investing in stocks wasn't really that interesting to me, yet I still read it to be able to learn something new, and at least give it a chance.
I found the section on real state interesting, and although I don't currently have the means to get into real state investing, I hope to be able in the future. And since I am not ready to start investigating this topic with full force, I appreciated the small section in this book. Enough to get acquainted with the topic, but not too long that will take my time away from other topics that are more useful in the present.
Another thing to note about this book is the brevity of each topic. As mentioned above, it can be a good thing, if, like me, you're only looking for an introduction or a place to start. But if you find yourself enticed by one of the sections, you could be left with the desire for more information.
Overall, I find this book very informative, even if brief. It makes for a great starting point for anyone looking for the various ways of earning passive income, but aren't sure how to get started.
December 29, 2019
There are many books on passive income and why not? The thought of leaning back and having money coming in automatically, consistently, without much or any effort, is an enticing thought.
This book, however, tells us that much of this is a myth. Passive income doesn't come by without effort, or maintenance. In order to have passive income, you need to prepare well, set yourself up with systems that work, and focus on what you are doing well or understand. If you stray too far outside these parameters, you can easily end up getting burned or without money.
This book discusses areas which several topics which are not found in other books of this nature. One of them is MLM., Multi-Level-Marketing, franchises, real estate (covering items I haven't seen in other books), life insurance and several other things.
Some of the topics are covered in more depth than others but as a starter, it opens your curiosity to explore further into these topics.
Overall, it is a good book that covers the subject rather well, but it is probably not the final volume on this topic.
This book, however, tells us that much of this is a myth. Passive income doesn't come by without effort, or maintenance. In order to have passive income, you need to prepare well, set yourself up with systems that work, and focus on what you are doing well or understand. If you stray too far outside these parameters, you can easily end up getting burned or without money.
This book discusses areas which several topics which are not found in other books of this nature. One of them is MLM., Multi-Level-Marketing, franchises, real estate (covering items I haven't seen in other books), life insurance and several other things.
Some of the topics are covered in more depth than others but as a starter, it opens your curiosity to explore further into these topics.
Overall, it is a good book that covers the subject rather well, but it is probably not the final volume on this topic.
February 27, 2019
Very good overview on all types of passive income. The author makes it clear at the beginning that this is not a detailed list of all the ways you can earn passive income. It is very comprehensive, though and goes into many different areas. Overall, I thought it was informative and would be very helpful especially for someone new to the concepts.
May 28, 2019
As soon as this book mentioned MLMs, I was out. DNF.
February 2, 2020
Great information! Very useful when considering what different options are available online to peruse passive income. Gives detailed avenues to consider. It isn't intended as the answer to a specific theory it is all the things to consider when you are looking for ways to earn passive income. It explains what ways are available to consider in easy to understand language, I learned a lot from reading this and can go back in reference anytime. Great way to do diligence when planning your own strategy. Read this before getting started. I received this ARC in exchange for my honest review. I repeat I learned useful information!
April 27, 2021
Grabbed this after some discussions on the topic of generating various income streams and found it pretty good and generally insightful. This was a good introduction to many areas of potential passive income including internet shops, stock market, real estate, MLMs, franchises, and more. I most enjoyed the introduction and closing chapters that focused more on mindset and goals. Most chapters went into details I didn't think I needed, while others were interesting throughout. For anyone seriously looking into generating additional income streams, this may be a good starting point, but more research would be required.
January 14, 2024
I have read a handful of books on passive income, side gigs, investing,etc. This book on the topic is the best I have ever read. It is not based on any hype and it clearly lays out the reality of different passive income vehicles. Included is real estate, stock investing, affiliate programs, franchising, as well as other niche examples. This book is a great foundation for anyone interested in the topic.
December 18, 2021
Excellent reference to open up options to consider for making money outside of your job. Common Sense approach without over selling the possible outcomes here. Ultimately it is a paradigm shift that will take time and dedication to adopt, but a great way to start thinking about breaking free from the typical work/life patterns.
August 13, 2021
Unlike a lot of the passive income books this one actually had criteria and income starting ideas listed out.. Most just introduce you to the concept this one felt a little more applied e.g. where to list your rental properties.
June 30, 2022
This book talks about the passive income, however does not go into any length as to how one can achieve this. It talks about internet business, real estate, investing in stock etc. These are known investment/income strategies, however author never goes into details on how to be successful at these.
December 11, 2019
Invest on the back of your hand, or start a YouTube channel, copyright a translation. Good stuff.
May 28, 2020
Very high level. Start early, live on less than you earn and invest wisely. Eventually your investment capital will generate enough income to supplement and/or replace your job.
February 2, 2021
Some good information in here. Nothing earth shattering, but a good enough read to maybe refer back to to brainstorm.
April 6, 2019
I really liked the setup and premise of this book. Very insightful. Probably common sense knowledge which could be obtained by a couple of google searches, but I liked the fact that it was all condensed into one book. The author seemed very knowledgeable and the steps/chapters were very well thought out. Now I just need to get started!
Thank you, NetGalley, for the ARC!
Thank you, NetGalley, for the ARC!
May 24, 2019
Entertaining and easy to read book. It has many examples of life stories and gives income/passive income concepts for many types of different businesses starting from owning one to MLM. I think the learning outcome in any activity you undertake is to live what you do. There are a lot of ideas to start earning money even when you are far away from knowledge of ecommerce and technology based businesses. The opportunity is always there. I would recommend this book to those looking to start earning money as active (there are a lot of business ideas in general) or passive income. You can definitely get inspired and come up with the plan of your journal's start.
Displaying 1 - 15 of 15 reviews