Saturday, April 23, 2016

Book Review: The Power of Passive Income

In The Power of Passive Income, Mishal Robbins gives readers an introduction to a topic that has been getting more and more attention over the years. He gives a bit of a dry, honest look at what passive income is, the ways people can achieve it, and what they can expect from trying. 

While there are quite a few parts that just didn't apply to or interest me at all (the real estate part in particular), I appreciated the explanation of the different types of passive income out there. I also really appreciated that he was straight forward in telling people that this is something you have to work for, even though "passive" is in the title and he talks about how these methods can earn you money while you sleep. 

To me, that is the key. A lot of people will go on about earning passive income without really saying how much effort/time is involved toward getting to that stage. For example, he points out that you can have an etsy store where customers can order while you sleep, but you need to put the effort into creating and producing products to sell. You can earn money through a book or blog, but you need to invest a lot of time and energy into getting that book produced or that blog up and running. 

Overall, some interesting information and nice doses of reality. Not quite what I was looking for (again, there were areas that I just have zero interest in getting into).