Ted Bauman's Endless Income book is said to provide the "secrets" to generating up to $5,000 or more per month, but does it really? Is this book legit?
In this review I'll be going over what this book is all about, the topics and types of information it contains, cost and more.
The reason I'm reviewing this book is because there have been a lot of questions about it. It's being used as a marketing tool to lure in subscribers to one of Ted Bauman's newsletters, which I'll talk more about, and so there is a lot of hype surrounding it.
Book Overview
Endless Income is a book authored by Ted Bauman that provides readers with 50 different income-generating strategies that everyday people can tap into, which he calls "income secrets".
The claim is that by following these strategies, anyone could potentially make "$5,000 or more" each month "with little or no effort".
Is this true? Well, I'd agree it's definitely possible. But the likelihood that one person will follow everything listed is extremely unlikely, and impossible in certain situations.
That said, the book is a solid read and could be well worth it if you have some extra time on your hands and are interested in creating multiple income streams without getting another job.
Who Is Ted Bauman?
Ted Bauman has an educational background in economics and politics, having received post-graduate degrees from the University of Cape Town.
His career has went everywhere from managing funds for low-cost housing projects, to providing financial advice to the UN and the World Bank on urban planning issues, and now he's employed by the Banyan Hill Publishing company where he runs investment advisory services (and promotes the heck out of them through teasers such as his Secret to 10X Wealth one).
And, of course, he's also an author of a few books.
His background is legit, and apparently the media agrees because he's been quoted on Forbes, Barron's MarketWatch and others for his expert opinion on things.
What's Inside
As you know, the book contains 50 different "income secrets". These are broken down into 5 sections, which include Investment, Taxes, Retirement, Travel, and Around The House.
Investment
- This section consists of 10 income secrets. Things you will learn here include one asset class he particularly recommends for a steady stream of income, how to collect more interest from your savings accounts, making more of your retirement fund, investing in what he calls "high class" stocks, investing via peer-to-peer lending as an "early investor", and more.
Taxes
- There are 6 income secrets here, including things such as how to avoid giving interest-free loans to the government, using a Spousal IRA to double your tax break, how to get tax deductions from owning a pet, property tax refunds, etc.
Retirement
- You'll find 8 income secrets focused on retirement. Things such as boosting social security benefits and collecting more, which types of IRA's he recommends, states you can live in that won't eat up your retirement funds, etc. are what you will find in this section.
Travel
- Thinking about traveling but don't want to spend too much... or maybe you even want to make money while doing so? There are 6 income secrets here, including how to save "at least" 85% on airfare, cheap destinations and even how you can become a "house sitter" to "vacation for free", ways to actually benefit financially from traveling, etc.
Around The House
- This is the biggest section and contains 20 different income secrets, such as how to save 85% on brand-name prescriptions, cash-back cards, saving on auto-insurance, renting your car out for extra income, saving money by "cord cutting" and getting rid of your cable and landline, tinting your home windows to save on A/C, and even things like digital scratch-off lotteries you can play to potentially earn big.
The Cost
There are several different places you can buy this book, such as on Amazon, but it's pretty pricey. It looks like you'll be paying anywhere from $50 to $70 for a hardcover copy.
However, as mentioned earlier, this book is also being used as a marketing tool to bring in new subscribers to Ted Bauman's one newsletter advisory service called The Bauman Letter... and this isn't necessarily a bad thing.
The book is included as a bonus, for free, to subscribers of The Bauman Letter, which is discounted to $39 for the first year. So, if you think about it, it's actually a good deal if you do want the book.
And by the way, The Bauman Letter is basically a follow-along investment advisory service that provides subscribers with investment recommendations on a regular basis.
Is Endless Income Legit?
The book is indeed legit. I know some people have been wondering if it might be some sort of scam because of how it is used for marketing, which is often hyped-up, but I can assure you it is legit.
Who It's Best For
Endless Income could be a worthwhile read for anyone who is interested in generating extra investment income, saving on taxes, making more of their retirement funds, those who might want to travel cost-effectively, and for those looking to save or make money around the house.
Final Thoughts
Ted Bauman's Endless Income book provides 50 ways to generate income or save. While no one is going to follow everything he lays out, there's a lot of good information here and even if you find just one good idea that you take action on, it could potentially be worth it.
Of course the choice to buy into this or not is completely yours, but this certainly is NOT a book we're going to tell people to avoid. It's a good choice.
*Note: If you do subscribe to The Bauman Letter in order to get this book, be warned that your subscription will auto-renew automatically.
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