#016: Earning a Passive Income as a Self-Published Author
Oftentimes, conversations about finances center around ways to slash or cut your budget. But what happens when you can't "cut" any more excess from your budget?
Luckily, there is no limit on how much money you can earn. While side hustles have increased in popularity as a way to add some cushion to the living paycheck-to-paycheck lifestyle, not everyone wants to "hustle" to earn a dollar for the rest of their life.
One way to earn a passive income is to write a book and earn royalties each time someone buys your book. But even great writers are doubtful a traditional book publisher will give them the time of day. Enter self-publishing.
How Much Does It Cost to Publish a Book? The cost of publishing a book varies greatly but self-published authors can expect to spend anywhere from $100-$1500 to publish a book based on additional book production costs like editing, cover design, formatting, and more
In the latest episode of the Talk Wealth To Me podcast, self-publishing author MK Williams joins us to share why she turned to self-publishing, tips, and tricks she's learned along the way, as well as just how successful she's been using this passive income method to date!
About our guest:
MK Williams writes suspenseful literary fiction for the contemporary reader. Her first novel, Nailbiters, is an apocalyptic science-fiction thriller that has kept audiences up all night since its debut in 2015. Her latest novel, Enemies of Peace, was featured on several podcasts and continues to garner interest from fans of literary fiction and cautionary tales of the American Dream gone awry.
MK's work in the personal finance space includes co-authoring The Fiology Workbook: Your Guide to Financial Independence and helping other prominent blogs and podcasts in the space bring their message to print. Williams' writing influences include a lifetime of watching suspenseful mysteries and action movies and reading Stephen King, Margaret Atwood, Ian McEwan, Lauren Beukes, and J.K. Rowling.
MK joined Chase, Felipe, and Katie for a discussion on how you can start self-publishing to earn a passive income, as well as some tips and tricks MK's learned about the industry in the last four years.
For more information on MK Williams or to purchase one of her books, visit her website, check out MK's informational YouTube channel, or check out her books on Amazon.
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