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What are the best books on passive income?
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Get Your Passive Income Books And Become Financially Free
Many of us are struggling in our daily lives.
We are either cash-strapped or need to make more money to live a financially free life.
If you are looking to change your life around, live the life you and your family deserve, and achieve financial freedom way before your retirement, you will need to consider building passive income streams for yourself.
What is passive income?
Passive income is a type of income that you can without having to spend a significant amount of time to keep the revenue source from generating an income.
This does not mean that you do not need to work hard to create passive income (far from that).
What passive income means is that you can continue getting cash flows without having to spend as much effort as you did when you initially created the passive income source.
For example, I make passive income online by running a portfolio of websites, blogging, affiliate marketing, and so on.
It took me a few years of hard work before I started seeing any income from my online businesses.
Now, my online businesses generate a steady stream of cash flow whether I put in more time or not (this is true and amazing passive income).
I’m not saying this to brag about my online success but rather to give you the motivation that you need to get up and start your own passive income projects.
If I was able to do it, I am 100% sure anyone can.
Now, you’re here to find some great passive income books to read.
Perhaps you’re looking to learn about passive income or this is perhaps your first step in your journey to financial freedom.
Whatever the case may be, I’m super excited that you have reached this stage in your financial development journey.
In this post, I provide you with the best books about passive income so you can search for and find your own path in your journey.
Let’s dive right into it!
1- The Power of Passive Income: Make Your Money Work for You
This book is written by Nightingale-Conant who is a leader in self-development and personal growth.
In this book, you will learn how to start your passive income journey by looking at various ways you can escape your 9 to 5 job or change things around.
Particularly, you’ll learn about:
- Building a financial nest egg with passive income investments
- You’ll assess your personal skills and consider your resources to get you started
- You’ll define what type of passive income you’ll want to develop
- You’ll see how you can get out of debt
- How can you generate a six-figure income
The objective of this book is to give you the knowledge you need to make more time for yourself, more time with your family, while developing wealth over time.
2- The Unemployed Millionaire: Escape the Rat Race, Fire Your Boss and Live Life on YOUR Terms!
This book is authored by Matt Morris, a self-made millionaire by the age of 29.
Matt Morris started a marketing business for himself at the early age of 19 and by the age of 21 he had dropped out of college and did not have any money.
However, at the age of 21, he decided that he wanted to change things around for himself and he embarked on a journey to make money by leveraging the Internet.
In his book, Matt talks about how you can achieve success by reaching millions of people online.
He shares his formula for making money helping you achieve your financial goals.
In this book on passive income, Matt talks about:
- His money-making formula to help you take your business idea and turn it into something profitable within twelve months
- Gives you his perspective on what it takes to be a successful millionaire
This book is great for you if you are looking to start an online business and intend to market and promote your products worldwide.
3- Passive Income Ideas: 101 Passive Income Ideas Under $1000
This book is written by Frank Coles.
In his book, Frank Coles talks about how you can get your money to work for you.
According to the author, there are several easy ways to earn passive income that can make your money work for you.
Some of his strategies will require you to put in your time and money to develop an awesome stream of passive income so you can sit back and collect the money!
The 101 passive income ideas is a great book to inspire you and get you thinking about how you want to start making money, either online or offline.
For every idea, the author talks about how risky the business idea may be, how much it can cost you to launch the business and maintain it afterward, how difficult it is, and how much you could potentially earn in profits.
Some passive income ideas that he talks about are affiliate marketing, peer-to-peer lending (P2P), e-book publishing, blogging, and more.
4- Passive Income Freedom: 23 Passive Income Blueprints: Go Step-by-Step from Complete Beginner to $5,000-10,000/mo in the next 6 Months!
My next “passive income book” suggestion is Passive Income Freedom: 23 Passive Income Blueprints by Gundi Gabrielle.
This is a great book if you are looking to get into the passive income entrepreneurship scene at home!
In her book, Gundi Gabrielle talks about how to start a passive income business, step-by-step.
Particularly, she provides you with the knowledge and tools you need to start a passive income business at home.
Her book does not cover get-rick-fast schemes or methods where you don’t put much effort and stand to gain lots of money.
She talks about how most successful passive income entrepreneurs have earned their wealth and fortune by working hard and implementing proven passive income strategies.
5- The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom
The Life Investor is written by Justin Donald.
If you are looking to build yourself a steady stream of cash flow and earn real income, this book is right for you.
Justin Donald covers low-risk cash flow investing ideas where your objective is to earn passive income while taking little risk or avoid dealing with too much complexity.
In The Lifestyle Investor, you will see what you need to do to stop trading your time for money so you can have more time and make more money.
The author of this book was able to build himself an eight-figure net worth before the age of 40 and in a short period of time (21 months).
If you want inspiration to get you started and are looking to start in low-risk passive income ventures, this is the right book for you.
6- Passive Income: 30 Strategies and Ideas to Start an Online Business and Acquiring Financial Freedom
This book is available only on Audible as an audiobook but it’s a great one to have!
The author of this book is Richard Gadson and the narrator is Martin James.
This is another passive income book that you can sink your teeth into if you are tired of your nine-to-five job or want to leave the “corporate” world and start something for yourself.
By downloading this book, you can discover the 30 strategies Richard Gadson considers as the best path to make money on autopilot helping you achieve financial independence.
You’ll get inspiration, ideas, tips, and strategies to change your life around and embark on a new journey.
If you are looking for a way to make money passively so you can travel more, work from home, and spend more time with your family, you should check out this book.
7- The Passive Income Myth: How to Create a Stream of Income from Real Estate, Blogging, Stocks and Bonds
The Passive Income Myth is written by Joseph Hogue.
Joseph Hogue is a CFA who shares with you the “How To” earn passive income.
His idea is to cut to the chase and provide you with real and proven ways that you can make money passively and not just offer you a fake promise that you’ll make it.
The author talks about the truth of passive income investing and how you can build massive success through proven strategies while avoiding scams and get-rich-quick schemes.
He talks about his personal strategies on how he has made passive income through:
- Blogging
- Choosing the best dividend stocks
- Finding the best real estate loans
- How to invest in real estate
If you are a person interested in blogging, investing in the stock market and dividend stocks, or getting into real estate, this is the right book for you.
8- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
This book on how to become rich is written by Robert T. Kiyosaki.
This book was written 25 years ago and has become a very popular book in the personal finance space.
In this book, Kiyosaki talks about how he grew up with two dads, a rich one (his friend’s dad) and a poor one (his own father).
He talks about how each of his “dads” handled money and investing.
His poor dad made his money by trading his time for wages or salary while his rich dad made investments where his money worked for him.
Kiyosaki will tell you about the difference between working for your money or having your money work for you!
His book is interesting as he challenges many ideas that we considered to be financially sound, such as:
- You don’t need to be a high-income earner to become rich
- Your house is not an asset but should be seen as a liability
- Parents should understand that the school system will not teach their kids about money
- What does “asset” and “liability” truly mean
9- The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich
The 4-Hour Workweek is a book written by Timothy Ferriss.
In his book, Ferriss covers will provide you with a roadmap on how to change your life to a luxurious one.
His objective is to help you transform your life by having you work 4 hours a week to make $40,000 per month instead of working 80 hours a week to earn $40,000 per year.
The idea is to allow you to escape the rat race of your day-to-day job so you can find the time to travel the world, live a luxury lifestyle, and earn a five-figure monthly income.
If you dream big and want to live like a diplomat or millionaire, this is the book for you.
10- The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
This book on “passive income” is written by MJ DeMarco.
In his book, DeMarco talks about how most of us are told go to go to school, graduate from college, get a decent paying job, work hard, save some of your income, cut all unnecessary expenses so you can save your dollars and cents, and save money in your 401K so you can retire well.
He calls this the “Slowlane” to financial freedom which according to him is a clear recipe for you to lose out on your dreams and eventually have money but in your wheelchair!
This book talks about how you can earn financial wealth without having to put all your money in your 401K, living a miserable lifestyle, buying a small house, and failing to enjoy life.
DeMarco covers topics such as how you can put the odds in your favor as an entrepreneur to make money, how you can build wealth, the leading causes of poorness, how the rich can get really rich, along with breaking down hundred of poverty busting myths.
This is a great book to help you understand the mindset you should have to make money and how you should avoid making the mistake everyone makes hoping to become financially free.
11- The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future
This book is written by Chris Guillebeau.
The $100 Startup helps you achieve a life of adventure, meaning, and purpose.
Guillebeau looked at 1,500 individuals who have made $50,000 or more from an initial investment of $100 or less.
Out of these people, he focuses his attention on the 50 most intriguing case studies where he has found that in most cases, these individuals made money by doing what they were passionate about.
With their investment of $100 or less, these people were able to turn their lives around, make positive changes, and live with greater freedom.
In this book, the author looks at what all these successful entrepreneurs have in common where he looks at the intersection between their expertise and their passion.
This is a great book to get you on your way to change your life if you are dissatisfied with the current state of affairs, how you want to find new meaning, and turn your passion into gold.
12- Financial Freedom with Real Estate Investing: The Blueprint To Quitting Your Job With Real Estate – Even Without Experience Or Cash
This book is written by Michael Blank.
Blank goes over how you can make money through real estate investments so that you can eventually quit your job.
Real estate investing is a powerful way to build wealth and generate cash flow passively.
Have you thought about investing in apartment buildings instead of single-family homes?
This is exactly what Blank will talk to you about.
In Financial Freedom with Real Estate Investing, you’ll cover the secrets to investing in apartment buildings to make a significant income.
You’ll learn about how to raise money for your first deal, how to get your offer accepted, how to analyze a potential deal, and how you can find the best investment opportunities.
If you love real estate and you want to achieve financial freedom, this is the right book for you that will get you started as an apartment building investor.
13- The Six-Figure Second Income: How To Start and Grow A Successful Online Business Without Quitting Your Day Job
This book is authored by David Lindahl.
The Six-Figure Second Income is a book that will provide you with proven methods for building an online income stream while you keep your primary job.
In other words, you don’t have to quit your current job to earn six figures and make piles of money.
If you want to know how to start an online business without having to quit your current job, this is the right book for you!
14- Click Millionaires: Work Less, Live More with an Internet Business You Love
This book is written by Scott Fox.
The Click Millionnaire is a great book for those looking to make money using the Internet and starting online business ventures.
Fox talks about how the American dream has changed and it’s no longer about having a high-paying job and a beautiful corner office.
Today, you can strive to earn tons of money by working from home, working on the beach, or running an online business from wherever you want.
In this book, you’ll learn how to leverage the Internet to your advantage, how you can become an online entrepreneur, how to trade your 9 to 5 job for an online business that you love.
You’ll cover topics like outsourcing, software, online marketing, recurring revenues, and methods to make money online.
The idea is that you work less, make fewer lifestyle compromises, and earn more, find lucrative niche businesses online.
If you are looking to make passive money online through blogs, digital deliveries, online services, affiliate marketing, building an audience, and more, this is the right book for you.
15- Launch: An Internet Millionaire’s Secret Formula To Sell Almost Anything Online, Build A Business You Love, And Live The Life Of Your Dreams
This book is written by Jeff Walker.
In 1996, Walker has launched new products online with great success.
Having started his own Internet business, Walker provides you the guidance and knowledge you need to launch your business, fast.
You’ll learn about how digital entrepreneurs create cash-on-demand by launching their products online and making tons of money.
If you are interested in starting an online business and you want to learn Walker’s business and product launch formula, you need to get this book.
Whether you have your own business or are looking to start a new one, you can use Walker’s strategies so you can plan and execute the launch of your products online.
16- Passive Income, Aggressive Retirement: The Secret to Freedom, Flexibility, and Financial Independence (& how to get started!)
This book is written by Rachel Richards.
Rachel Richards in the Passive Income, Aggressive Retirement goes over what is passive income and how you can build passive income streams allowing you to quit your job and live financially free as early as possible in your life.
This book covers topics like how to avoid living a life of penny-pinching to save money, how you can create long-term residual income for yourself, have the ability to work flexibility without being a slave to a 9 to 5 routine, and get rid of unwanted stress and fear in your life.
Richard also talks about how you can learn from other experts in the field such as Hal Elrod, Bobby Hoyt, David Osborn, Honorée Corder, and Dough Skipworth.
These guys have survived near-death experiences, make six-figure incomes per month, were broke in their youth to become rich, have authored many books, and have made a name for themselves building passive income streams.
If you want to learn how to earn passive income and retire early, this is the book for you.
17- How to Make $100,000 per Year in Passive Income and Travel the World: The Passive Income Guide to Wealth and Financial Freedom – Features 14 Proven Passive Income Strategies
This book is written by Chase Andrews.
In this book, Andrews talks about how you can make $100,000 in passive income while having enough time to travel the world.
You will learn 14 passive income strategies that can propel you into financial freedom, take control of your life, and most importantly your time.
The idea is to move away from living paycheck to paycheck and find ways to be your own boss, make money, work as little as possible, and upgrade your lifestyle.
In this book, you will understand what is passive income and:
- How to sell ebooks on Amazon
- How to sell physical products through Amazon FBA program
- Make money through real estate investments
- How to analyze the stock market
- How to create membership sites
- How to start a blog
- How to make money from authority sides
- How to flip websites
- How to build a dividend portfolio
And more.
Are you looking for a book that can provide you actionable and concrete ideas to make passive income, then you should get this book.
Best Books On Passive Income Takeaways
So, there you have it folks.
You were looking to find amazing books on passive income, I’ve outlined 17 of them where you can learn about passive income, find inspiration in how others succeeded, how you can make money online, and proven ways you can achieve your financial goals.
I’m very proud that you are reading this article as this means that you are exploring the notion of passive income.
I can tell you from personal experience that it’s super exciting and rewarding to build passive income streams.
It takes a lot of hard work but when you start making money and see real cash in your bank account, it is highly motivating.
Although you can read the best books on passive income and read blog articles like this one, the only way you can change your life is by taking real steps in building passive income streams for yourself.
It’s time for you to change your life.
If you don’t want to quit your job, that’s perfectly fine.
You can start small and slowly build passive revenue streams to get you going.
Once you see the results, you’ll fall in love with this type of income and investment style and will want more of it.
It was great providing you with my recommendations of passive income books to get you started, good luck!
My Passive Income Blog
On this blog, I focus on generating passive income in order to build wealth over time.
I have built myself a portfolio of passive income sources generating me a constant, continuous, and reliable source of cash flow every month (it is awesome!!).
My mission is to teach you and show you how you can make it to.
To those that are looking to get rich fast or make money without putting any work into it, you’ll be disappointed as I only focus on tried and true methods for making money and they take time, patience, perseverance, and a lot of hard work.
Now, if you are interested in making money through actionable, real, and concrete strategies to earn a steady stream of cash flow over time, you can reach out to me, read my blog posts, purchase my guides or online courses!
Oh, one more thing…
Don’t forget to subscribe to my blog if you want to change your life, make real money, build wealth, and live on your own terms.
Best Passive Income Books
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