We’ve compiled a list of the 10 best passive income books to help you get started on your passive income journey. From personal finance to real estate investing, these books will teach you the fundamentals of building passive income and becoming financially independent.
Whether you’re just getting started or already have experience building passive income, these books will provide valuable insight and advice on maximizing your potential.
1. Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required
Authors: Kristy Chen and Bryce Leung
Quit Like a Millionaire is the ultimate guide for millennials who want to retire early. The authors provide their real-life experiences and explain how they retired in their 30s by using smart investments.
If you want to use passive income to retire earlier than your 60s, this book is worth checking out. The authors will provide you with the facts and prove that it’s not as hard as you think to gain financial independence. This book is a must-read for anyone looking for advice on passive income!
2. The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future
Author: Chris Guillebeau
In The $100 Startup, Guillebeau describes the stories of many businesses that have been successful without lots of capital. It’s a great book if you’re an entrepreneur or someone interested in making money creatively.
This book is a must-read, with useful advice on how to make sales and succeed in your career. It’s easy to understand and also offers words of encouragement – perfect for staying motivated!
3. The Lifestyle Investor
Author: Justin Donald
If you’re looking for advice on how to make passive income, The Lifestyle Investor by Justin Donald is worth checking out. It talks about ways of creating a life with passive income that will help you. Donald talks about investing, so you achieve where you want to be financially and how to move beyond just working for wages.
The book covers cash flow and how to stop working and start making real money. If you’re constantly working just to get a paycheck and want to make a change, then this is the perfect option for you.
4. The 4-Hour Workweek
Author: Timothy Ferris
Many view Ferriss’s 4-Hour Workweek as a passive income bible. The basic premise of the book is developing an online business whereby you have remote workers or automated systems. This means you will no longer worry about working—a truly powerful passive income machine.
This book was the first major work to introduce the idea of dropshipping (having your supplier mail products directly to your customers under your brand label so you can avoid keeping inventory). Ferriss also promotes the idea of selling information (classes and online courses) since it’s the most cost-effective to produce and distribute.
5. Buy Buttons: The Fast-Track Strategy To Make Extra Money And Start A Business In Your Spare Time
Author: Nick Loper
According to the Buy Buttons book, you have to provide value to make money, but of course, there must be someone out there wanting or needing it.
Without customers, all the products in the world are pointless. People today find themselves in a tough spot; they’re either too lazy to get anything done, or they end up overwhelmed and overworked.
According to the author, there’s no shortcut to getting rich; you must put in hard work and be patient.
6. Passive Income Freedom
Author: Gundi Gabrielle
If you’re looking to make some extra money, then Gabrielle’s book Passive Income Freedom is perfect for you!
It features 23 ways to create a passive income to allow you to enjoy more financial freedom. If you’re looking to make money without having to do a lot of work, then this book is an excellent starting point. It offers great insight into entrepreneurship and online business, as well as tips on how to make money feasibly.
Making passive income can seem like a distant dream, but this book will give you all the tips you need to make it happen. It’ll also help you avoid the confusion that usually comes with the journey of generating wealth.
7. The Unemployed Millionaire
Author: Matt Morris
Morris encourages readers to take a different approach and make use of their time, energy, and resources to achieve financial freedom.
The Unemployed Millionaire inspires you to get out of that job that doesn’t give you satisfaction and create your lifestyle. He encourages people to become entrepreneurs and find financial independence.
Drawing from his personal experience, he explains the steps to building wealth. It’s a great choice for those seeking advice on entrepreneurship and online business.
8. Passive Investing Made Simple
Author: Anthony Vicino and Dan Kreuger
Passive Investing Made Simple is perfect for anyone looking to make more passive income through real estate but doesn’t know where to start. If a passive real estate career interests you, this book is worth checking out.
9. Passive Income, Aggressive Retirement
Author: Rachel Richards
Richards has first-hand experience when it comes to talking about financial freedom. She was lucky enough to leave her day job at 27 and make a living from her multiple passive income sources.
She mentions in Passive Income, Aggressive Retirement; if you’re under 40, you’ll need around $2 million to retire comfortably and cover your financial needs. Pretty depressing right? Wouldn’t it be great to live the life you desire without worrying about finances in your old age? Wouldn’t it be nice to not have to count every penny just so that you can stay afloat?
Richards gives you 28 different legit passive income sources that don’t involve multilevel marketing or pyramid schemes. These methods will provide you with the flexibility to do what you love and not be tied down to a full-time job.
10. Fire Your Boss: How to quit your job, stop selling your time, and start making passive income while you sleep… and possibly move to a tropical island
Author: Jonathan Green
In Fire Your Boss, you get to explore the modern work landscape and learn new strategies for achieving freedom. Through this book, you’ll be motivated to start a business and build ongoing revenue. This advice is presented in an organized and step-by-step way to help you not just think of your goals but also figure out how to make them a reality.
If you’re looking for ways to make some extra cash without having to work a 9-5, this book is for you. It’s a good read for anyone interested in passive income.
Asma is a freelance writer specialising in finance and business niche topics. Her experiences include working at one of the world’s oldest and largest asset management firms.
Apart from writing, Asma also enjoys reading about finance, business, and entrepreneurship.