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Interested in learning how to make passive income? The first step to educating yourself is to read some books about passive income from the experts.
Why not learn how to make passive income from people who have actually made a lot of money that way!
This list of the best books about passive income are all written by the professionals. Entrepreneurs, real estate investors and more.
Start your passive income planning now with these books.
Best Books On Passive Income to Help you Build Wealth
If you are looking for ideas on how to start creating wealth outside of your 9-5 day job, start educating yourself with these books.
101 Passive Income Ideas Under $1,000
This book by Frank Coles shows you how you can start pulling in passive income each month in a continuous stream.
It tells about 101 different business you can start, which can all be started for less than $1,000. The business are all given a risk score, launch and operations costs, difficulty and profit potential.
Some of the ideas include peer-to-peer lending, eBook publishing and blogging, but you can pick the best fit for you.
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
When it comes to books about making money, this one by Robert T. Kiyosaki is iconic and probably one of the most famous.
It has been 25 years since it was written, but it is still rated as the #1 personal finance book. In this bestseller, Robert reveals the difference between two dads that helped him learn about money.
His own father, and the dad of a rich friend. He reveals that you don’t have to earn a high income to be rich. And, most importantly, reveals the difference between working for money and having your money work for you. A cornerstone of earning passive income.
This book also gives parents advice on how to teach their kids about money, the right way. When it comes to the best books on passive income, this one is a starting point to shift your mindset.
The Unemployed Millionaire: Escape the Rat Race, Fire Your Boss, and Live Life on YOUR Terms!
The author of The Unemployed Millionaire, Matt Morris, started his own marketing business at the age of 18. He dropped out of college to pursue it, and ended up homeless and living in his car.
But, by 29, he was a self-made millionaire! His book explains how he turned his life around.
And, most interestingly, he destroys the myth that it takes money to make money. His book includes a step-by-step plan on how to turn your ideas into money!
If he can shift from living in his car to being a millionaire, there’s hope for the rest of us.
Passive Income Freedom: 23 Passive Income Blueprints
Gundi Gabrielle wrote this book to provide you with an actual step-by-step guide to creating passive income.
The subtitle of this book even promises: Go Step-by-Step from Complete Beginner to $5,000-10,000/mo in the next 6 Months!
She does say that passive income requires some work at first, and that she is not giving you a “get rich quick”s scheme.
But, this passive income book will provide you with a blueprint to get started making money passively and building wealth.
Passive Investing Made Simple: How to Create Wealth and Passive Income Through Apartment Syndications
Anthony Vicino and Dan Kreuger’s passive income book focuses on real estate and apartment syndication.
They explain how you can make money from commercial real estate, without taking on risk from a bank.
This guide to passive income, teaches you how to invest in multi-family apartment syndications, which they call the best-kept investing secret out there.
Passive Investing Made Simple lays out a path to help you make your money work for you.
The book also includes helpful extras like, The 64-Point Passive Investor Checklist. Plus, there is a sample marketing package from an actual deal as well as frequently asked questions. The entire book is built around earning passive income.
Principles: Life and Work
This book about passive income by Ray Dalio shares the entrepreneurial trips and tricks he’s learned over his life.
Dalio’s success starting his own investment firm from his house, has even gotten him on Time Magazine’s list of the 100 most influential people.
In this NY bestseller, he shares the unconventional principles he has used over 40 years to create successful results in business and even in his personal life.
The Lifestyle Investor: The 10 Commandments Of Cash Flow Investing For Passive Income and Financial Freedom
This is a #1 Wall Street Journal Bestseller from Justin Donald. His motto is to “create wealth without a job.”
Justin Donald is the author of The Lifestyle Investor. He talks about the goal of more money, less work and a higher quality life.
Sounds good to me! He teaches you about his 10 commandments of lifestyle investing and how to follow his simple investment system.
And he has a track record to prove he knows what he’s talking about. In a 21 month period, his investments created enough passive income for he and his wife to leave their jobs.
Passive Income, Aggressive REtirement: The Secret to Freedom, Flexibility, and Financial Independence (& how to get started)
This passive income book was written by Rachel Richards, a finance guru and Amazon bestselling author of Money Honey.
The teaser on her book page states “Wish you could make more money, quit your job or be financially independent?” And, her answer is that it all starts with passive income!
She was able to quit her job at the young age of 27, because she was making over $10,000 a month in passive income.
So, if anyone can teach you how, she has proven she can. She teaches you about 28 tried-and-true passive income models for making money.
Her book teaches you how to create long-term, residual income and quit your day-job. The book also includes a lot of advice and stories from other passive income earners, like David Osborn (multi-millionaire real estate investor) and Bobby Hoyt (creator of Millennial Money Man blog.)
The Book on Rental Property Investing
The subtitle of this book by Brandon Turner is “How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing!”
Brandon Turner is really well-known for his podcast called Bigger Pockets. In this book, he gives practical advice from years of experience as a real estate investor.
And, he also gives creative tips on how to find fantastic deals. It has sold more than half a million copies worldwide and is designed to help you use rental properties to find financial freedom.
He gives tips on financing rentals even when you don’t have a lot of cash, making this an ideal book about passive income.
His Bigger Pockets website is definitely worth a look as well. With blog posts, books, webinars and even an investment analyzer tool.
The 4-Hour Workweek: Escape 9-5, Live Anywhere and Join The New Rich
Written in 2007 by Timothy Ferris this is one of the more popular books about passive income.
It was on the NY Times Best Seller list for 7 years! The whole point of the books is to help you learn how to live more and work less.
Tim explains how he went form working 40 hours per week and making $40,000 a year, to making $40,000 a month working only 4 hours per week!
There are also case studies from readers and practical tips that you can leverage. The book gives you tips about running your life in general, not just your professional life which makes it a game-changer.
The Power of Passive Income
This passive income book was actually written by the staff of Entrepreneur Media and Nightingale-Conant, the world leader in self development.
Designed to get you out of the office cubicle for good, it will help you create a wealth-building plan that is long term.
It will help you identify passive income and time-for-money models you can leverage. It helps you find a strategy for your goals to achieve a six-figure income.
If you are looking for a way out of the 9-5, this book will help you start planning.
The Real Estate Rulebook
Pam Brantley tells her personal story in this book about how she built wealth investing in residential real estate.
She gives advice on how you can become a real estate investor yourself. The book is not a get-rich-scheme but instead helps you find a long term approach to success.
Some of the tactics you will learn about include short and long-term investing, wholesaling properties, and building a portfolio of rental properties.
She even includes property management advice for more tactical information. Plus, Ms. Brantley details her own story on how she found financial success.
Click Millionaires by Scott Fox helps you learn how to generate online passive income.
His book details how to find a cash-making internet niche. He details different online business models like digital delivery, blogs, affiliate marketing and even physical products.
Best of all, he features tons of stories of real people who found financial wealth with online businesses and how they did it.
Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves
If you would like to learn about how to make money investing in the market, this book by Kathy Lien is an excellent starting place.
A part of the Wiley trading series, it teaches you strategies and skills for trading. You can learn how foreign currency markets work.
Discover how to analyze the market for short-term swings to make money. Learn technical trades to help you navigate oversold or overbought markets.
There is even a companion website with videos to help make learning easier.
Why Do You Need a Book about Passive Income?
If you want to become an investor, the best way to go about it is to learn from other investors. Most specifically, other successful investors.
Learning how other people have made money with passive income can provide you with a blueprint on how to do it yourself. Plus, you can learn about what mistakes to avoid in the best books for passive income.
The power of passive income is that it makes your money work for you, to make more money! So it is definitely worth investing your time in getting educated on.
It takes some work upfront, but once things are rolling you don’t have to put a lot of effort into it to earn money.
Plus, these books can help you find ideas about passive income and how to make your own revenue stream of it.
Try any of these best books on passive income and get started as an investor yourself! From side-hustles, to real estate to stock investing, the list of ideas is long.
Maybe someday your book will be in this list.
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