So I searched the internet for book holders and learned that there are some really nice ones out there. My only problem was that I needed it right away. That was when I came across this video on LifeHacker. It is a fast, easy, simple, creative and cheap way to get a book holder.
And here is how my bookstand ended up looking like. The white paint rubbed off the top part while I was twisting it. Good thing you don't see that when the book is on it.