Secrets To Creating Passive Income and becoming financially free - even in a slow economy [Paperback]

EJ Thornton (Author), John Clark Craig (Author)

Book Description

Publication Date: September 1, 2008

This is the place to start, if you want to discover how many new ways there are to create passive income. It is designed to be an idea generator with a plan of action built in.

The Secret to Becoming Financially Free is a simple equation: Passive Income greater than Expenses equals Financial Freedom! The financial gurus of our time teach that your money has to work for you if you are ever to reach Financial Freedom. Passive Income is the best way to accomplish this. When you think passive income, most people think stock investing, real estate investing, book royalties or savings accounts. Those are all good, but only represent a handful of the potential passive income streams that are available to you. This book is intended to get your creative juices flowing, give you ideas, tools and resources so that you can increase your passive income up to the point where you re financially free.

There s an old silly saying, The one who dies with the most toys - wins! We'd like to replace that commonplace saying with one that makes a lot more sense. The one that gets free first, wins!

Table of Contents
Introduction to Financial Freedom
About the Authors
Gift to Our Readers
Why the Hours For Money Model Doesn t Create Financial Freedom
It Takes Money To Make Money is a Myth
How the Rich Do it
Do Us A Favor...
Idea Fest:
The Value of an Opinion
The Value of a Problem
The Value of Experience
Practical Application:
How to Get Paid for What You Already Know
How To Get Paid for What You Want to Learn
Duplicating Yourself
Making Your Resources Work For You
Making Your Money Work For You
Your Needs, Your Goal:
Calculate Your Expenses, Know Your Goal
Pep Talk
Can You Decrease Your Expenses Anywhere?
Should You Increase Your Expenses Temporarily?
How Much Income Do You Bring In now?
Create A Plan
Conclusion:
Pass It On
The Challenge
Sources & Resources

Editorial Reviews

Review

From the July 2010, Essence magazine article - What Rich Women Know

STEP 4: They create multiple streams of income... by generating various forms of passive income...Start today: EJ Thornton and John Clark Craig identify ideas for creating passive income that aren't real time-dependent in Secrets to Creating Passive Income and Becoming Financially Free - Books To Believe In. --Essence Magazine, July 2010, pgs 69-70

I thought it was very helpful that the instructor had real world experience backing the topics in the book.

This course and book are excellent idea generators.

This provides a lesson in thinking as an entrepreneur, looking at everyday things and experiences as income producing possibilities. Don't look at Real Estate, look at what you care about, therein lies the gold! --Ben, teacher

I wanted to make more money, but didn't know where to start! Thanks for all these great ideas where I can work in the areas that I already know about. So many of these 'new money' concepts force you to learn their stuff whether it is interesting to you or not! Thankfully, this book gives ways to make more passive in areas I'm already an expert in! --Phillip, software

Most everyone needs to make some more money, this book is loaded with tons of ways to do so - using the resources you already have. Do the things you enjoy - and make money at the same time! What a concept! Brilliant!!! You can work this without investing any of your own money, just your time... It can help you get through the tough times coming, if you get started NOW! --Kisha, student --Colorado Free University Student Evals

Most everyone needs to make some more money, this book is loaded with tons of ways to do so - using the resources you already have. Do the things you enjoy - and make money at the same time! What a concept! Brilliant!!! You can work this without investing any of your own money, just your time... It can help you get through the tough times coming, if you get started NOW! --Essence Magazine, July 2010, pgs 69-70

I thought it was very helpful that the instructor had real world experience backing the topics in the book.

This course and book are excellent idea generators.

This provides a lesson in thinking as an entrepreneur, looking at everyday things and experiences as income producing possibilities. Don't look at Real Estate, look at what you care about, therein lies the gold! --Ben, teacher

I wanted to make more money, but didn't know where to start! Thanks for all these great ideas where I can work in the areas that I already know about. So many of these 'new money' concepts force you to learn their stuff whether it is interesting to you or not! Thankfully, this book gives ways to make more passive in areas I'm already an expert in! --Phillip, software

Most everyone needs to make some more money, this book is loaded with tons of ways to do so - using the resources you already have. Do the things you enjoy - and make money at the same time! What a concept! Brilliant!!! You can work this without investing any of your own money, just your time... It can help you get through the tough times coming, if you get started NOW! --Kisha, student --Colorado Free University Student Evals

Most everyone needs to make some more money, this book is loaded with tons of ways to do so - using the resources you already have. Do the things you enjoy - and make money at the same time! What a concept! Brilliant!!! You can work this without investing any of your own money, just your time... It can help you get through the tough times coming, if you get started NOW! --Kisha, student

I thought it was very helpful that the instructor had real world experience backing the topics in the book.

This course and book are excellent idea generators.

This provides a lesson in thinking as an entrepreneur, looking at everyday things and experiences as income producing possibilities. Don't look at Real Estate, look at what you care about, therein lies the gold! --Ben, teacher

I wanted to make more money, but didn't know where to start! Thanks for all these great ideas where I can work in the areas that I already know about. So many of these 'new money' concepts force you to learn their stuff whether it is interesting to you or not! Thankfully, this book gives ways to make more passive in areas I'm already an expert in! --Phillip, software

Most everyone needs to make some more money, this book is loaded with tons of ways to do so - using the resources you already have. Do the things you enjoy - and make money at the same time! What a concept! Brilliant!!! You can work this without investing any of your own money, just your time... It can help you get through the tough times coming, if you get started NOW! --Kisha, student --Colorado Free University Student Evals

Most everyone needs to make some more money, this book is loaded with tons of ways to do so - using the resources you already have. Do the things you enjoy - and make money at the same time! What a concept! Brilliant!!! You can work this without investing any of your own money, just your time... It can help you get through the tough times coming, if you get started NOW! --Kisha, student

About the Author

EJ Thornton - When EJ was creating her course Seven Ways To Make Everyday a Payday as a tele-course, she re-discovered how many terrific ways there are to make money in addition to whatever else you might be doing at the moment (i.e. your job, etc). She s written two books to help authors look past book sales and into multiple revenue streams to not only promote their books, but to get paid to promote their books. All the very successful authors will tell you this is the way to go from moderately successful to enormously successful as an author!So she decided to apply these techniques to help the average person in their daily work. She s used it and it works. She s taught it, and the people who've worked these ideas have made lots of extra money.

John Craig - John has authored more than a dozen successful books for Microsoft Press and O Reilly Media.* He found out that you can actually do the things you love while collecting passive income from book royalties! In other words, he was financially free. John, also is a brilliant inventor. He now owns his own company - LucidLights, LLC. He is actively creating the lucrative company of his dreams! He can do so with full time and with confidence, because he knows his bills are handled with his passive income streams. John increased his expenses by getting married recently, so now he has to increase his passive income to exceed the expenses of his new larger family.

That is why EJ & John decided to bring this book to you! They want you to join them living the free life!

Product Details

• Paperback: 128 pages
• Publisher: Books To Believe In; 1st edition (September 1, 2008)
• Language: English
• ISBN-10: 0980194199
• ISBN-13: 978-0980194197
• Product Dimensions: 8.4 x 5.6 x 0.4 inches
• Shipping Weight: 4.8 ounces (View shipping rates and policies)
• Average Customer Review: 3.8 out of 5 stars  See all reviews (24 customer reviews)
• Amazon Best Sellers Rank: #804,641 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

17 of 18 people found the following review helpful:

5.0 out of 5 stars A get rich quick scheme - no - A METHODICAL, REPEATABLE 'GET RICH' SYSTEM - YES!, September 21, 2008

By 

Mike G. "Living Large" (Austin, TX) - See all my reviews

This review is from: Secrets To Creating Passive Income and becoming financially free - even in a slow economy (Paperback)

For those of you looking for a 'get rich quick' scheme - look on. But for those of you looking for a system that extracts meaningful, potentially profitable ideas and ways to implement them, this book is for you!

The potential in these pages is unlimited, and it is unlike any other finance book out there - at least in my experience. Most of those other 'financial freedom' books assume your head's in the wrong place and they want to fix your thinking to help you 'feel more abundant.' Frankly, I'm tired of those although I agree with them in principle, I wanted a book that would give me solid HOW-TO tools. This book is that.

Through case studies, the authors make their points and then show you how to apply that concept to your own situation. It is pretty simple, straight forward and easy to implement. If you're not where you want to be financially, go ahead and do all the inner work you want, but when you're ready to figure out HOW to get it done, get this book!

16 of 17 people found the following review helpful:

5.0 out of 5 stars I Read The Book and It Increased My Income!, August 28, 2008

By 

Roger L. House - See all my reviews
(REAL NAME)   

This review is from: Secrets To Creating Passive Income and becoming financially free (Books To Believe In) (Kindle Edition)

Someone dissatisfied felt this book did not help them. One quick comment than my results! Put it into action!

I myself began USING the information within this book and began to see an increase in money coming to me. The review is there to let you know about the book not the people writing about it.

I would challenge anyone to read one chapter and follow through with what the author is asking you to do than see if it works. Everyone is a critic yet put a little action behind it before you say anything. I have and I can show the success I had!

14 of 15 people found the following review helpful:

5.0 out of 5 stars It's not a secret - it's common sense! You can make money using the ideas in this book, August 27, 2008

By 

Vision "- keep dancing" (Los Angeles, CA) - See all my reviews

This review is from: Secrets To Creating Passive Income and becoming financially free - even in a slow economy (Paperback)

I found the book Secrets to Creating Passive Income to be full of information, ideas and PRACTICAL APPLICATION. I found out about so many resources out on the internet (and around the block) that are willing to pay you for things that are easy to create or things you already have that you probably take for granted.

All you need to do is to first brainstorm your ideas using the methods outlined in the book, then organize and prioritize them (because you'll have more than you can possibly ever actually do). Then pick your 'lowest hanging fruit' or the one easiest to implement and get started. Some of the ideas have immediate returns.

This isn't the typical finance book teaching you where to invest stocks or real estate (in fact they barely touch on the subject except in passing) - instead, this book teaches you how to invest in yourself using your time and create things that are readily salable in today's marketplace by creating win/win situations. Note: If you want a stock or real estate investment book - don't buy this one.

If you want to create a money machine (or several money machines), then buy this book! You'll be glad you did. They guarantee it!