You’ve seen the book titles. They start with, “How to,” and end with some ridiculous promise of a six-figure income or the word, “from home.” Search for ‘How to make passive income’ in Google and you’re blasted by more than seven million results.
You can practically feel the swindlers screaming out at you from the screen. Making money on your investments is a powerful draw and ripe for all kinds of scams, scoundrels and shysters. But in the fiction, there’s a little truth to be found. The truth that more than a few people have built massive success stories through the four most popular strategies.
The truth that many of the strategies can be started in your spare time and require little cash to get started. This book is about that truth. The Passive Income Myth is your opportunity to cut through the B.S. and scams to see how money really can be made in four passive income strategies. I have been involved in every strategy described. Knowing what I have picked up over the last twenty years will save you years of time learning and mistakes made.
Each strategy can be read separately or as a part of a complete system to put together true passive income potential. In this book you’ll learn: – The exact process I used to make more money on blogging that 81% of bloggers in less than a year (page 46) – 5 simple criteria I use to pick dividend stocks that will create stable cash flow forever (page 88) – The fixed-income investment that is replacing bonds as the safety and income investment (page 122) – Sources of special real estate loans with as little as 3.5% down (page 12) – The step-by-step process to value residential real estate (page 16) – How to invest in real estate without the tenant headaches or even touching a property (page 30) – An investment that has nearly doubled the annual return on stocks over the last 20 years, and has another 20 years to go (page 99)