Passive Income: 14 Ways to Make $5,000 a Month in Passive Income Summary: A poor rehash of publicly available information with a catchy title.
Title: Passive Income: 14 Ways to Make $5,000 a Month in Passive Income
Author: Eliot Tennant
Publisher: Self published.
Date Published: 2016
Subject: Passive income
About the author: Eliot Tennant is an American author who has written several books on wealth, investing and WordPress.
Passive Income: 14 Ways to Make $5,000 a Month in Passive Income PDF Available: No this book is not available for free download; you will be required to purchase the book.
Part 1 – Passive Income 101
Chapter 1 – Passive Income Explained
Chapter 2 - Passive vs Earned Income
Chapter 3 – Dispelling the Passive Income Myth
Chapter 4 – The Feel-Good Trap
Chapter 5 - How Long It Will Take to Make Your First $1,000
Chapter 6 – It Might Take a Portfolio of Products
Chapter 7 – Online Marketplaces: Friend or Foe
Chapter 8 – Path to a Million
Chapter 9 – What It Will Take To Succeed
Chapter 10 – Learn Before and While You Earn
Chapter 11 – Marketing Knowledge is Essential
Part 2 – Ways to Make Passive Income, Costs, and Resources
Chapter 12 – Content Creators
Chapter 13 – Techies
Chapter 14 – Creative Retailers
Chapter 15 – Financiers
Chapter 16 – Next Steps
Passive Income: 14 Ways to Make $5,000 a Month in Passive Income Review:
Right away I like how Eliot authenticates himself by showing the 6 different income stream sources which he generates passive income through they are – blog, book sales, affiliate marketing, YouTube, investor and through Facebook groups. However this is one of the only things I liked about this book.
Eliot suggests that the earned income lifestyle was not for him due to the lack of flexibility that you only receive income for the hours you work and never a dollar more.
One thing Eliot speaks about is how long will it take you to generate $1,000 in passive income. For some people this could be years, it could be months, it could be days. That got me thinking how long had it taken me to generate a passive income of $1,000. According to my current calculations I generate around $2,200 of passive income a year, therefore around 6 months to generate passive income of $1,000.
Eliot then goes on to list 14 different methods of passive income broken down into content creators, techies, creative retailers and financiers. However these listed methods are only basic and come across as rewritten information from the Internet. I noted several grammatical errors and an overall feeling that this book was only out to get my money and to generate passive income for himself.
Overall I would not purchase this book again, however don't let me stop you from making your own assessment. I believe there are better books if you check out my Top 10 Passive Income Book list.