The Guide to Passive Income: How Affluent Investors Build Generational Wealth

by Andrew Lanoie

In an unprecedented time in the world, millions of people are realizing they can no longer count on just their 9-5 job or one stream of income. These pages contain the exact strategies Andrew Lanoie used to retire from the rat race in his 30’s. And he will teach you 11 of the best income-generating assets available today. What Andrew is talking about is truly passive income. The kind you can quite literally make in your sleep. The kind that trickles into your account each month or each quarter regardless of whether or not you even get out of bed. It’s only by generating this kind of income that you can achieve the type of financial freedom and wealth to enjoy life on your terms. With enough passive income, you can stop living a life of worry and start living one filled with abundance, confidence, and tranquility.

Genres: Finance, Business

220 pages, Kindle Edition

Published March 29, 2021

Reviews

[Bennett · Rating 4 out of 5]

A great little finance book. It’s more or less a report card for different passive income investment classes, weighing out risk and potential reward. For people who blindly are contributing to a 401K, please stop and read this book (even if it’s just the section about Roth IRAs and dividend paying stocks). Even if you don’t plan on being the one researching and making physical investments, this book can help you talk to the financial advisor who is, or the finance bro who thinks he knows everything.

This book made me re-passionate about finance and investing and being in the business field. It made me look up other investing books and want to research and read more about it and get good at it. Although maybe not a page turner for most, as far as finance books go, it was great. Highly recommend.

[Maria · Rating 4 out of 5]

I have no idea how I came by this book, but I am very happy I did. I think it's a good stepping stone into passive financial investing as it explains some very interesting financial instruments I never heard of. It doesn't go to deep into details which is fine for me, as I can research what I am interested in on my own. The book is US-centered, but do not dismiss it if you are based anywhere else around the world as I think there are nuggets of wisdom for everyone. At times the author mentions his investment company too, but it is not as a hard sales pitch and it is relevant to the point he is making. I really recommend this book to everyone who wants to start making passive investments.

[Amazing Store · Rating 3 out of 5]

Basic introduction

This book gives basic understanding of various vehicles for passive income. But the author spends time self promoting his company.