Free Ebook The Passive Income Myth: How to Create a Stream of Income from Real Estate, Blogging, Stocks and Bonds
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- Kamis, 20 Oktober 2011
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Free Ebook The Passive Income Myth: How to Create a Stream of Income from Real Estate, Blogging, Stocks and Bonds
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The Passive Income Myth: How to Create a Stream of Income from Real Estate, Blogging, Stocks and Bonds
Free Ebook The Passive Income Myth: How to Create a Stream of Income from Real Estate, Blogging, Stocks and Bonds
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Product details
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Audible Audiobook
Listening Length: 2 hours and 51 minutes
Program Type: Audiobook
Version: Unabridged
Publisher: Efficient Alpha
Audible.com Release Date: February 11, 2016
Language: English, English
ASIN: B01BMWBRF6
Amazon Best Sellers Rank:
I'm not sure that there's anyone out there who wouldn't love to lounge on the couch or travel the world while the checks kept rolling in from their passive income sources. Unfortunately, there is a lot of false information floating around about how to accomplish this and many either end up working harder than they expected or losing money in the process. Author Joseph Hogue has written one of the best and most credible books that I have read on real passive income sources, such as real estate investing, stock investing and more. Hogue not only shatters a few myths but also lays out the real ways that one can earn passive income over the long run with his investing basics. Very well written and highly recommended read.
I just finished reading The Passive Income Myth: How to Create a Stream of Income from Real Estate, Blogging, Bonds and Stocks Investing Basics by Joseph Hogue and I found the book to be very useful and relevant.The book focuses heavily on discussing being careful about scams. There are a lot of get rich quick scams out there that benefit no one except for the person sending out fliers and putting their advertisements on the computers. Old people and the handicapped get scammed all the time. This book warns you to be on the look out for that kind of thing while telling you where the steady stream of income actually is.Hogue explains how to go about getting a rental property and the dos and don'ts of renting a place. He emphasizes that rental properties are businesses and not charities. He reminds people going into the business to know the rules about evictions in case they ever find themselves having to use them. What is really useful is there is a lot of listings of important organizations that you would want to know about if you were getting into the business and a lot of really great advice is given. 5 Stars.
An easy to read book full of ideas to produce a consistent Income Stream. Joseph Hogue presents investments in dividend paying stocks, but also Master Limited Partnerships (MLP'S) that are largely unknow to many investors yet deliver consistent above average distributions. He clearly explains how the Bond market works yet introduces a modern concept called Peer Lending which allows amounts as little as $25 to be matched with Borrowers. Credit rating derive the risk score and Investors can choose their comfort level, rates are commensurate with risk. A very, very thoughtful alternative to bonds with perhaps a better return. Mr Hogue presented ideas that are current with the changes in today's technology such as how to earn income on the Internet; low cost, yet effective techniques that can be executed from a home office. Mr Hogue reviews the potential Income from Blogging on a per page basis, to Sponsorship, to selling items online. I found this particularly interesting as it is extremely relevant in today's connected world. I found Joseph Hogue's work very useful and well worth one's time and money. Everyone should receive a few very good ideas to increase their Passive Income Stream as well as a very good argument for a diversified portfolio. On investing in Real Estate, Mr. Hogue's reviews the pitfalls of leasing properties, the tax benefits, and the monthly Income that grows over time. He rightfully points out much of the tenant problems can be mitigated by screening applicants with a Credit Rating Agency and simple cross checking the application. I would like to add that once a Rental Portfolio is established, the use of a good Property Manager is highly recommended. The role then becomes changed from Landlord to Investor; often the only contact with the Investment is the monthly check.
Real Estate was my investment of choice, recommend by those much older than I. I just refused too quit and gave it my best. Today it's paid off beyond my imagination, the author was on cue it was far from a cake walk, today I would say 98 percent passive because of some decisions I do not outsource. Having read many books this one I can recommend. The book title is correct but l don't think it's the best for the book. I'm not even sure if it had anything to do with my purchase. The content was outstanding.
There is no doubt that there are loads of "get rich schemes" out there. This book outlines the reality of passive income. Before investing your hard earned money in something that sounds to good to be true there are four basic criteria to investigate.1. What is the start up cost?2. What is the time commitment ?3. Is there an income momentum?4. Is there income continuity?
This book has a lot of really useful information and probably my favorite of Hogue's how to's and step by steps! This is an area that interests me when I am looking for "side income" without having to take a second job. There are great tips on things you do like real estate or blogging which is something I am very interested in. I would definitely recommend this book.
I've read a lot of books on making money, and this author hits the nail on the head--most of them are the same information, scams, and don't actually work for the majority of people. This book has a lot of great information and I loved that it includes ways to make money from a variety of different sources, without just relying on one. Hogue shares some of his own personal experience and advice and provides a lot of great tips on making money continuously.
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The Passive Income Myth: How to Create a Stream of Income from Real Estate, Blogging, Stocks and Bonds PDF
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