Looking for the best passive income books? Then keep reading...
I believe that they are more connected than we want to admit. The healthier you are, the more likely and able you are to take new adventures.
But first things first – the ‘new you’ needs some funding. Before you can even hope to save, you may need to add some additional streams of income.
Do not fear:
The beauty of passive income is that it requires minimal work and activity; unlike active income which requires commitment and effort.
If you want to start accumulating passive income, then sit back, relax and discover one of the best passive income books from this list.
top 10 best passive income books
- The 4-Hour Work Week: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
This book focuses on the new model of working and achieving goals – not by working endless hours as a young professional in order to achieve a relaxing retirement – but to find the balance between a work life and retirement now.
The secret here is to outsource everything and not be the CEO who does it all; but builds a base for a successful business and finds people better than himself to do the job.
Investing in the right people and the right business/ product is critical, and later allows you to profit from the comfort of your perpetual vacation.
- The $100 Startup: Fire Your Boss, Do What You Love and Work Better to Live More by Chris Guillebeau
This simple to read, simple to understand book is incredibly inspirational and quotes many entrepreneurs.
And that's why it makes my list of the best passive income books.
In these pages, you realize that there is more to life than the job or routine you may feel stuck in.
If you can adopt a new understanding and approach to business, you can turn your side passions or ideas into hugely successful businesses – even with minimal time or monetary investments.
- Virtual Freedom: How to Work with Virtual Staff to Buy More Time, Become More Productive, and Build Your Dream Business by Chris Ducker
This book explains how to build or enhance the ultimate virtual team for your company.
Ducker makes it easy to understand and operate this kind of business strategy, filling his pages with helpful tips and real-world examples.
It gives you tons of tips on how virtual staff can help you focus on higher level tasks while they handle the timely and tedious aspects of your business.
Virtual staff can also work different hours than you; allowing you to run a 24/7 business without forcing you to lose sleep.
- The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It by Michael E. Gerber
Here, Gerber dives deep into the lifecycle of a start-up business to address and avoid common assumptions and expectations.
By understanding why most businesses fail, you can learn what specific measures to take for success.
The underlying message is to build a business that can run on its own; highlighting the value of franchising businesses.
A successful franchise is run like a machine – a perfected model that can easily be replicated and operates at maximum productivity and efficiency.
- Rich Habits: The Daily Success Habits of Wealthy Individuals (1st Edition) by Thomas C. Corley
After himself going from rich to poor overnight, Thomas C. Corley spent years studying rich people to prove that wealth is not simply a derivative of privilege and luck, but choice and action.
This book shows 10 common practices of the rich that, if adopted, will ensure success for the rest of us.
Definitely one of the best passive income books I've ever read!
This book focuses on building the right mentality and approach to achieving your financial goals; a critical first step.
- Job Escape Plan: The 7 Steps to Build a Home Business, Quit your Job and Enjoy the Freedom by Jyotsna Ramachandran
This book puts all your fears to rest and truly inspires you to start your entrepreneurial journey.
Offering simple steps and validating her recommendations with interviews and real-world examples, author Ramachandran puts readers into the entrepreneurial mindset and focuses their passions into attainable business models.
- Passive Income In 90 Days: How to Passively Make $1K - $10K a Month in as Little as 90 Days by William U. Peña
This book offers insights into achieving financial freedom by diving into 3 specific ways to make passive income online.
First, selling video courses. Second, selling E-books. And third, selling personal possessions.
The author is suggestive in his recommendations, but if these sound like something you can do, his guide will resonate with you and simplify the process to earning you passive income.
- The Side Hustle Path: 10 Proven Ways to Make Money Outside of Your Day Job (Volume 1) by Nick Loper
Explore 10 ways to make money with minimal upfront investment, risk, or need to quit your 9-5 day job.
Some examples include selling personal possessions, getting involved in real-estate, or joining this new age of sharing (think Uber, Airbnb…).
Note that this book is focused on generating supplemental income only; most of these ideas are not to replace your active income.
- Turn Your Computer Into a Money Machine: How to make money from home and grow your income fast, with no prior experience! By Avery Breyer
Breyer’s book is great for you writers out there:
Offering a simple guide to achieve success with SEO writing for website articles and content.
She explains exactly what SEO is, how to use it, and how to continue learning and growing with your writing.
- StrengthsFinder 2.0 By Tom Rath
This book encourages you to stop thinking about what you do wrong, or what you don’t do at all – and discover (and capitalize on) your potential.
The book comes with an online test; so be sure to buy a new version; and familiarize yourself with your natural talents and strengths.
From there, Rath explains specific actions that will help you succeed.