This is the place to start, if you want to discover how many new ways there are to create passive income. It is designed to be an idea generator with a plan of action built in.
The Secret to Becoming Financially Free is a simple equation: Passive Income greater than Expenses equals Financial Freedom! The financial gurus of our time teach that your money has to work for you if you are ever to reach Financial Freedom. Passive Income is the best way to accomplish this. When you think passive income, most people think stock investing, real estate investing, book royalties or savings accounts. Those are all good, but only represent a handful of the potential passive income streams that are available to you. This book is intended to get your creative juices flowing, give you ideas, tools and resources so that you can increase your passive income up to the point where you re financially free.
There s an old silly saying, The one who dies with the most toys - wins! We'd like to replace that commonplace saying with one that makes a lot more sense. The one that gets free first, wins!
Table of Contents Introduction to Financial Freedom About the Authors Gift to Our Readers Why the Hours For Money Model Doesn t Create Financial Freedom It Takes Money To Make Money is a Myth How the Rich Do it Do Us A Favor... Idea Fest: The Value of an Opinion The Value of a Problem The Value of Experience Practical Application: How to Get Paid for What You Already Know How To Get Paid for What You Want to Learn Duplicating Yourself Making Your Resources Work For You Making Your Money Work For You Your Needs, Your Goal: Calculate Your Expenses, Know Your Goal Pep Talk Can You Decrease Your Expenses Anywhere? Should You Increase Your Expenses Temporarily? How Much Income Do You Bring In now? Create A Plan Conclusion: Pass It On The Challenge Sources & Resources
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Customer Reviews
A get rich quick scheme - no - A METHODICAL, REPEATABLE 'GET RICH' SYSTEM - YES!
Review Date: September 22, 2008
Reviewer: Mike G., Austin, TX
For those of you looking for a 'get rich quick' scheme - look on. But for those of you looking for a system that extracts meaningful, potentially profitable ideas and ways to implement them, this book is for you!
The potential in these pages is unlimited, and it is unlike any other finance book out there - at least in my experience. Most of those other 'financial freedom' books assume your head's in the wrong place and they want to fix your thinking to help you 'feel more abundant.' Frankly, I'm tired of those although I agree with them in principle, I wanted a book that would give me solid HOW-TO tools. This book is that.
Through case studies, the authors make their points and then show you how to apply that concept to your own situation. It is pretty simple, straight forward and easy to implement. If you're not where you want to be financially, go ahead and do all the inner work you want, but when you're ready to figure out HOW to get it done, get this book!
It's not a secret - it's common sense!
Review Date: August 27, 2008
Reviewer: JaShawn, Los Angeles, CA
I found the book Secrets to Creating Passive Income to be full of information, ideas and PRACTICAL APPLICATION. I found out about so many resources out on the internet (and around the block) that are willing to pay you for things that are easy to create or things you already have that you probably take for granted.
All you need to do is to first brainstorm your ideas using the methods outlined in the book, then organize and prioritize them (because you'll have more than you can possibly ever actually do). Then pick your 'lowest hanging fruit' or the one easiest to implement and get started. Some of the ideas have immediate returns.
This isn't the typical finance book teaching you where to invest stocks or real estate (in fact they barely touch on the subject except in passing) - instead, this book teaches you how to invest in yourself using your time and create things that are readily salable in today's marketplace by creating win/win situations. Note: If you want a stock or real estate investment book - don't buy this one.
If you want to create a money machine (or several money machines), then buy this book! You'll be glad you did. They guarantee it!
I Read The Book and It Increased My Income!
Review Date: August 28, 2008
Reviewer: Roger L. House,
Someone dissatisfied felt this book did not help them. One quick comment than my results! Put it into action!
I myself began USING the information within this book and began to see an increase in money coming to me. The review is there to let you know about the book not the people writing about it.
I would challenge anyone to read one chapter and follow through with what the author is asking you to do than see if it works. Everyone is a critic yet put a little action behind it before you say anything. I have and I can show the success I had!
What I got out of this book: I am my own gold mine!
Review Date: September 5, 2008
Reviewer: Author, Spokane
There is a saying that "Ideas are God's gold coin." If you want a way to mine those golden nuggets, get this book!
There is a section called Idea Fest and in this section, they ask questions and give examples that frame what kind of products you can make and sell if you have good answers to these questions. Such as "Have you ever lived in a really interesting place?" If you have, there are at least a dozen ways to capitalize on that.
I sat down with a pad of paper, as the authors instructed, and as they predicted, it was full of ideas when I was done with the book. Take your time and read it slowly and write down what comes out. You'll be amazed at yourself and your potential.
There's another place to list your assets, physical, digital, intellectual, etc. You'll feel so rich when you remember all the great things you've got going for you and see how you can use those to increase your cash flow - at least I did.
If you speed read through the book without writing down the ideas, you'll have done yourself a disservice.
A brave new world... (or at least perspective)
Review Date: September 22, 2008
Reviewer: Mike G., Austin, TX
I liked it. It is a brave book to take on this topic this way.
I can see the potential in these pages and it is unlimited, but it is unlike any other finance book out there - at least in my experience, most of those assume your head's in the wrong place and they want to fix your thinking to help you 'feel more abundant.' Frankly, I'm tired of those and I liked this approach.
Through case studies, the authors make their points and then show you how to apply that concept to your own situation. It is pretty simple, straight forward and easy to implement. If you're not where you want to be financially, go ahead and do all the inner work you want, but when you're ready to figure out HOW to get it done, get this book!
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A get rich quick scheme - no - A METHODICAL, REPEATABLE 'GET RICH' SYSTEM - YES!