The Passive Income Myth: How to Create a Stream of Income from Real Estate, Blogging, Bonds and Stocks Investing Basics is a book written by Joseph Hogue it was published on August 16, 2015, by Efficient Alpha. The book will teach you a process on how to make money in blogging, tips and tricks that will make you earn 81% more in just less than a year. This book will also save you the time and money because it teaches you ways on how to make money in four different passive income strategy. And these four different strategies which will make you see and understand what is right for your own personality.
It is an easy to read book that is full of ideas that will help you produce a consistent income stream. Joseph Hogue explains investments in dividend-paying stocks. He explains clearly how the Bond market works and at the same time, he introduces a modern concept named Peer Lending which allows amounts as little as 25$ to be matched with Borrowers. Hogue also presented ideas in this book that are current with the changes in today’s technology like how to earn money on the internet and other low cost but effective techniques that can be done from the comfort of your home office. He also reviews the potential income that can come from blogging, sponsorship and selling things online.
I find this book really useful and worth it of your time and money because it cuts through the hype and gives you different tools that you can use to create a passive income. It asks you four different questions like what is the start-up cost? What is the time commitment? Is there an income momentum? And is there income continuity? These four questions will make you think before investing your hard earned money into something that is too good to be true. Hogue describes each opportunity on a sliding scale between true passive income opportunity and passive income myth. It really helps the readers visualize how close or far away each opportunity is.
The Passive Income Myth: How to Create a Stream of Income from Real Estate, Blogging, Bonds and Stocks Investing Basics presents a brilliant explanation of the tradeoff between dividends and growth, other realistic guidelines and an explanation on why most investors do not realize the potential growth on stocks. Joseph Hogue will guide towards a combined dividend-growth strategy and he explains it how to do that with individual stocks or ETF’s. Personally, I liked how Joseph Hogue discusses real estate investing. He lays out the possibilities you may encounter and the best methods for preparing for the ups and downs of becoming a real estate investor.
I can say that this book is perfect for people who are looking for extra income beyond their jobs. And I would definitely recommend this book to anyone who feels lost on how to invest for their retirement. This is one of the best and most credible books that I have ever read on real passive income sources.