Passive Income – eBook Review

by Jordan Lewis (Author)
Format: Kindle Edition

Everyone loves making money – and that’s a universal truth. But there are some people who want to make money while sleeping, and that’s what we call passive income, in easy words. If you have been wondering about making a steady income with little to no effort, this eBook is for you.

The author has tried his best to introduce and then explain the best ways to make passive income. Whether you have the capital or not, there are a number of passive income sources you can go for.

Although making passive income doesn’t mean that you don’t have to work hard – you do, but not every day. Once your passive income stream is up and alive, you won’t have to work for money – the money will work for you.

There are different types and levels of passive income, and the author has done a great job defining all of them easily so everyone can understand them. Once you are done reading the complete book, your mind will be full of ideas to create a profitable passive income source and finally be financially independent.

In this review, we will take you through the eBook chapter-wise so you can know if it would be the best read for you out of all the books available out there on passive income. So, let’s get going!

Chapter 1: Introduction to Passive Income

introduces passive income

The book’s first chapter introduces passive income so that even a layman can easily understand and differentiate it from active income. Once the reader gets to know what passive and active incomes are, the author takes the readers to the major categories of passive income so they can decide where to land according to their interests.

Some top passive income categories include:

  • Digital and Internet
  • Real Estate
  • Financial Investment
  • Physical Assets

You can opt for any passive income stream you like according to your budget and feasibility. However, one must always keep in mind that no one becomes a millionaire overnight – everything takes time – and the author has also made the readers realize it.

Most types of passive income are built over time and aren’t earned instantly. Even direct investment income requires the initial investment to be earned. Getting started with a successful passive income plan will require patience, hard work, consistency, and the right strategy. 

– (Book Excerpt)

Chapter 2: Benefits of Passive Income

earn passive income

What’s the benefit of understanding all the ways to earn passive income without knowing their benefits? In this chapter, the author has explained the best benefits of passive income in an easy way.

…. From building wealth to escaping a lifestyle in which one’s lifestyle depends on paychecks, passive income can be the best way you can earn stable money.

– (Book Excerpt)

Some benefits of passive income, according to the author, include personal growth, improved financial stability, location independence, early retirement, and more.

While passive income offers tons of benefits, there are some disadvantages too. The author didn’t hide the potential downsides of passive income from the readers and explained them too. Besides the pros and cons of passive income, the chapter includes top strategies to enjoy a financially independent life with passive income.

What comes to your mind instantly when you hear the word “passive income,” apart from money? Well, there is a lot you might not know. You can start an affiliate blog, a subscription-based business, or create a digital product, such as an eBook – the options are endless.

Chapter 3: A Brief History of Passive Income

A Brief History of Passive Income

It is important to first get familiar with the background and history of the business you are planning to do – in this case, it’s passive income. The author has done a brilliant job in taking his readers to the history of passive income so they can know how all this began in the first place.

Although passive income became mainstream with the advent of the internet, if we go a bit more back in history, we can see that people were still making money while doing nothing. For example, they used to rent out their property, vehicles, equipment, and whatnot (they still do). Well, that was just a start.

– (Book Excerpt)

Chapter 4: Ways to Generate Passive Income

Ways to Generate Passive Income

Finally, this is the best chapter of the book that discusses the actual ways to generate passive income streams so you can earn while doing little to nothing. The author has explained the best 9 ideas of passive income that you can start right away – while some need money, others can be started with a small capital at hand.

For example, you can write an eBook and market it – if it’s good and gets viral, you can earn from it for the rest of your life. The author has listed all the ways to generate passive income and put his time into explaining each passive income source in detail.

According to the author, affiliate marketing is one of the best ways to earn passive income:

Affiliate links work great for blogs and sites that already have some regular traffic. Even if you don’t own a blog yet, it’s not hard to start a new one. However, you need to pump some quality content and focus on generating traffic from Google and social media. Earning through affiliate programs is probably one of the easiest ways to generate passive income, as you don’t have to deal with physical products yourself or spend countless hours writing an eBook.

– (Book Excerpt)

Along with all these passive income ideas, the chapter also includes some other ways to build passive income sources, such as watching YouTube videos, reading various books, and learning from online courses.

Not everyone has bags full of money or knowledge to start a business that can earn them a good passive income, and the author understands it pretty well. For this purpose, he has also included a section in this chapter that tells the best ways to create a passive income from a limited budget.

Whether you are a businessman or a salaried person – passive income is for everyone. You don’t necessarily have to leave your primary business or job for your new passive income source, at least initially. You can also create multiple streams of passive income if you’ve gained enough experience and know the ins and outs of the business.

Yes, you can create several streams of passive income, but for beginners, it is recommended to choose one source first, focus on it, and let it grow. Once you know how passive income works for you, you can explore more options and work on them.

– (Book Excerpt)