7 BEST BOOKS ON PASSIVE INCOME

  • ADVANCE YOUR EARNINGS KNOWLEDGE

Are you trapped in economic crises and don’t seem to make ends meet? It’s time to turn things around and find additional sources of income. Check out some of the best passive income books to learn a few valuable tips from the experts about residual income.

Do you wish to take control of your financial life? Passive income is the way to go.

Here, we will focus on some of the best books on passive income to help you find other income sources to supplement your income. These books about residual and passive income will inspire you to get started by advancing your knowledge about the power of earnings.

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Passive Income Books

As a passive income enthusiast myself, I love reading different passive income books. They give me ideas of new ways to make money online, invest or even create a product.

It doesn’t matter how old the book is… The concept is always the same. Actually, older passive income ideas still work and can actually be acquired at a much lower valuation.

Passive income isn’t for everyone. Here are several cons of passive income. If you want income to be truly passive, you need to put in some massive work upfront and in-between. Increasing your income through residual or passive income isn’t about waving a magic wand and making it happen. There’s a long cycle to it. If you do it right, it’s truly passive income.

“So many books, so little time.” 

― Frank Zappa

1. Four Hour Work Week

The New York Times bestselling author of The 4-Hour Body shows readers how to live more and work less, now with more than 100 pages of new, cutting-edge content.

Forget the old concept of retirement and the rest of the deferred-life plan–there is no need to wait and every reason not to, especially in unpredictable economic times. Whether your dream is escaping the rat race, experiencing high-end world travel, or earning a monthly five-figure income with zero management, The 4-Hour Workweek is the blueprint. 

2. The 100$ Startup

In The $100 Startup, Chris Guillebeau tells you how to lead of life of adventure, meaning and purpose – and earn a good living. 

Still in his early 30s, Chris is on the verge of completing a tour of every country on earth – he’s already visited more than 175 nations – and yet he’s never held a “real job” or earned a regular paycheck. Rather, he has a special genius for turning ideas into income, and he uses what he earns both to support his life of adventure and to give back.

3. The Book On Rental Property Investing

Practical, real-world advice for those looking to build wealth and cash flow through rental properties! 

The Book on Rental Property Investing, written by real estate investor and co-host of the BiggerPockets Podcast Brandon Turner, contains in-depth advice and strategies for building wealth through rental properties. You’ll learn how to build an achievable plan, find incredible deals, pay for your rentals, and much, much more!

4. Dividend Investing Your Way to Financial Freedom

Historically, dividend investing has been viewed as a way for risk-averse, “belt and suspenders” investors to invest in the stock market. Dividend investing is the best way to increase your income while also covering off on your retirement goals.

You will learn the 5 steps necessary to live off dividends forever. In addition to these 5 steps, you will receive:

1) Free resources to calculate the best dividend investment options
2) My exact criteria on how to find undervalued dividend stocks
3) Actionable steps to become a better dividend growth investor

Dividend Investing Your Way to Financial Freedom is the ultimate solution for every aspiring stock market investor.

5. Click Millionaires

The rules have changed. The American Dream is no longer the “corner office”. It’s a successful business you can run from your home office, the beach, or wherever you desire. It’s work you love that still allows you the freedom and income to live the life you truly want. Sound like a tall order? Well, thanks to the Internet, anyone can launch a business with little or no start-up capital or technical expertise. And in Click Millionaires, e-commerce expert Scott Fox teaches weary corporate warriors and aspiring entrepreneurs how to trade the 9-5 job they hate for an online business they love.

6. Rich Dad Poor Dad

Rich Dad Poor Dad will…. 

  • Explode the myth that you need to earn a high income to become rich 
  • Challenge the belief that your house is an asset 
  • Show parents why they can’t rely on the school system to teach their kids about money 
  • Define once and for all an asset and a liability 
  • Teach you what to teach your kids about money for their future financial success 

Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. With perspectives that often contradict conventional wisdom, Robert has earned a reputation for straight talk, irreverence, and courage. He is regarded worldwide as a passionate advocate for financial education.

7. Side Hustle

The author of the New York Times best seller The $100 Startup shows how to launch a profitable side hustle in just 27 days. 

For some people, the thought of quitting their day job to pursue the entrepreneurial life is exhilarating. For many others, it’s terrifying. After all, a stable job that delivers a regular paycheck is a blessing. And not everyone has the means or the desire to take on the risks and responsibilities of working for themselves. 

But what if we could quickly and easily create an additional stream of income without giving up the security of a full-time job? Enter the side hustle. 

“If you only read the books that everyone else is reading, you can only think what everyone else is thinking.” 

― Haruki Murakami
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