I started blogging last year not just to share my thoughts and opinions with the world but to also establish a possible source of passive income for me and my family. In the world today, unemployment has reached new levels and sources of income are not reliable and permanent like they used to be 50 years ago with recessions and market meltdowns happening all around the world while consumerism has thickened its roots in all social classes. There is a need for establishing multiple sources of income for individuals.
I came across “Passive Income” book last month when I was looking for options to increase my income. After reading a short excerpt I decided to buy the book on Amazon. I needed ideas that could translate into possible income streams.
Omar Johnson covers everything right from the definition of Passive Income (Any form of income other than the hourly, daily, weekly wages or pension) to the types of Passive Income and some important questions one needs to answer before venturing into any form of commitment for passive income.
(Click on the image above to buy this book from Amazon)
I think I was able to identify my options in a more comprehensive way after this book. It helped me see my passions which I could possibly convert into a passive source of income for myself in the future.
Passive Income should not be translated as an easy form of making money. It takes hard work, dedication and commitment just like any other job, the only advantage is that you need to make the effort only once to repeatedly reap the benefits from it.
I recommend this book to everyone who wants to take serious steps in finding the right path and finding their options for supplementing their income. (*Amazon links are affiliate links)