Earn Massive Passive Income by Writing a Book (Without Having to Go Viral)

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 27 August 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In a recent article on CNBC, more than half, or 51%, of Americans have less than three months' emergency savings. However, saving more money is often difficult. What about making more money? In this passive income episode, part of my week of passive income episodes, you'll learn about another idea for creating passive income. Rachel Richards, who has been on this show before for her rental real estate empire, has also built a substantial monthly income from her book sales on Amazon. Even if you don’t profess to be a writer, indeed, there is something you have to share - a skill, a talent, an idea, etc. Rachel’s here to pull back the curtains and share the behind-the-scenes story of how she built a cash-flowing self-publishing side hustle in just a few years and how you can do the same. LINKS Rachel's Passive Income Starter Kit Money Honey book Passive Income Aggressive Retirement book CNBC article CONNECT WITH SHANNAH Healthy Wealth Program for Women https://etmpod.link/healthywealth Ask Shannah questions - submit your question here https://etmpod.link/askshannah Freebie: 10 Money Questions to Ask Yourself Money Guide https://etmpod.link/10moneyq Follow me on Instagram Leave a 5-star Review here https://ratethispodcast.com/etm Subscribe to our YouTube Channel https://www.youtube.com/@EveryonesTalkinMoney SPONSORS Thanks to ASPCA for sponsoring the show. To explore coverage, visit ASPCApetinsurance.com/ETM. Thanks to Mint Mobile for sponsoring the show. To get your new 3-month premium wireless plan for just 15 bucks a month, go to http://www.mintmobile.com/ETM . Thanks to Notion for sponsoring the show. Notion is my go-to tool for managing notes, to-do lists, and action items. You can try Notion for free at Notion.com/ETM. Thanks to OneSkin for sponsoring the show. Get 15% off OneSkin with the code ETM at https://www.oneskin.co/ Thanks to Quince for sponsoring the show. Go to http://www.quince.com/etm for free shipping on your order and 365-day returns. Thanks to NerdWallet for sponsoring the show. Don’t wait to make smart financial decisions. Compare and find smarter credit cards, savings accounts, and more today at www.nerdwallet.com. Thanks to Monarch for sponsoring the show. After trying out Monarch for myself, I understand why it’s the top-rated personal finance app. Listeners of this show will get an extended thirty-day free trial when you go to www.monarchmoney.com/ETM. Thanks to EarnIn for sponsoring the show. Just download the EarnIn app in Google Play of the Apple App store and use code Talkin Money under Podcast. Thanks to Noom for sponsoring the show. Start taking control of your weight management and join the millions who have lost weight with Noom. Sign up for your TRIAL today at www.noom.com. Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order. Thanks to DelelteMe for sponsoring the show. Today get 20% off your DeleteMe plan when you go to www.JoinDeleteMe.com/ETM and use promo code ETM at checkout. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, it's Shawna and welcome to everyone's talking money.
0:11.8	There are essentially two ways to better your money situation.
0:16.3	One is you spend less money.
0:18.7	And let's be honest, that is never a fun thing that we want to do.
0:23.0	The second thing is we make more money. And, you know, that sounds great too. But the question is always,
0:30.1	how? How do you actually do that? Well, I am dedicating this week to episodes all about building passive income and thinking outside of the box.
0:42.3	I'm bringing back to you some of my favorite interviews over the next couple of episodes, starting with this one and Rachel Richards.
0:51.3	You may have heard of her on the show before. At the age of 27, she quit her job,
0:55.7	retired, and has been living off of $15,000 per month and passive income. She's the best-selling
1:02.4	author of Money, Honey, and passive income aggressive retirement. And let me tell you, in this episode,
1:08.8	she is going to share how she makes bank with these two books.
1:13.6	She created them. She sells them on Amazon. And I am just blown away at how much passive income
1:19.6	Rachel has been able to accumulate. Because typically, the market for selling books, well,
1:27.3	let's just say you usually don't make a lot of money.
1:30.4	Most people who write a book, including myself, are doing it for other reasons.
1:34.5	But Rachel has found a way to take her love of writing, her knowledge about finance, turn it
1:41.2	into a book that has been a bestseller on Amazon that is funding her incredible
1:46.7	life. She travels all around the world. In fact, she just climbed Mount Kilimanjaro. And let me tell you,
1:54.6	whether you want to write a book or not, Rachel's story is going to empower you to think
1:59.9	differently about building passive income. All right, let's start talking. Well, Rachel's story is going to empower you to think differently about building passive income.
2:02.9	All right. Let's start talking. Well, Rachel, welcome back to the podcast. It's so fun to have you
2:08.9	here and talk about another one of your passive income strategies self-publishing, which I'm
	...

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