In the pursue of generating slick income, here is my June 26th to July 3rd weekly report to you! This report will document the monthly income gain off slick income producing ideas. Hopefully this will help you to start getting into creating slick income as well.
Slidejoy carats reward: 2950 = ~$3. (1000 carats = $1)
ReceiptHog Gold chip: 547 = ~$2.50(1000 goldchip = $5)
Shopkick: 780 kicks = ~$3 (1250 kicks for $5)
Stock Income from Robinhood
PIMCO High Income Fund: 3 shares produce 0.31 cents this week
Writing articles for Seekingalpha: $159
Total Income $123.62
Passive investing is one of the easy method to generate passive income. With the right stock or index fund, the average person like you and me can sit back and collect an easy paycheck each month. Here are the top 5 books on I have read on passive investing.
- The Little Book of Common Sense Investing by John Bogle
This book is the bible for passive investor looking to produce passive income. John Bogle provides tremendous information on why you should invest passively in U.S stock index fund rather than chasing the glorious returns of individual stocks. He backs his thesis on choosing index fund over individual stocks with historical investment returns from the two investments. The book is very short as it is only 216 pages and it is very easy to understand what John Bogle is writing about. He does not use strange terminology that you would find in technical analysis books. But, don’t take my word for it, here is the review of the book from Warren Buffett. “There are a few investment managers, of course, who are very good – though in the short run, it’s difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors – large and small – should instead read John Bogle’s The Little Book of Common Sense Investing.” – Warren Buffett, Chairman of Berkshire Hathaway, 2014 Annual Shareholder Letter.
You can read more about the book here: