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.
14 Best Books on Passive Income: Advance Your Earnings Knowledge
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.
I love passive income and I love watching it pile into accounts by using Personal Capital to track it completely free.
What is Passive Income?
Passive income is a stream of income whereby someone earns money for doing nothing or with little effort. It is one best way for people to acquire financial freedom and live life to its fullest.
Living within one’s means is a huge struggle for most people. But why is that so? It’s as a result of earning low wages in an economy with the ever-rising cost of living.
Having an extra stream of income is something that many would long to have. However, many don’t have a clue about how or where to start. Reading the passive income books is one of the best ways to get started.
There are various best residual income books that you can read to kick-start your journey to financial freedom. So, without much further ado, let’s look at some of the best books on passive income.
I created a book about using dividend investing to earn passive income with the ultimate goal of achieving financial freedom.
The book is titled Dividend Investing Your Way to Financial Freedom and features a number of different topics:
- How to live off dividends forever
- Exact screening criteria to find the right dividend stocks
- Technical and fundamental analysis
You can download and read a sample of my book here:
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.
Key Principles of Passive Income
There are several things to keep in mind with passive income that I think everyone should know, those are:
- Passive income is not easy
- In order to make long-lasting residual income, you need to make the right decisions upfront
- You can either acquire passive income or build it
- Automation is where passive income becomes truly passive
These core principles for making money while you sleep should always be kept in mind while you read one of the below books.
List of 13 Best Books on Passive Income
Let’s get into our list of passive income books that will help you advance your earnings knowledge.
1. Passive Income: 40 Ideas to Launch Your Online Business
by David J Green and it costs $11.99 on Amazon
David J Green passive income book is my all-time favorites when it comes to an understanding of the facets of growing your passive income. The book tries to shed more insights on how to start a successful journey towards acquiring a stable stream of passive income. Some of the mind-boggling ideas tackled here include blogging, dropshipping, e-commerce, affiliate marketing, and Amazon FBA.
If you have to live on a 9 to 5 job lifestyle, then you are in the right place to change this. The passive income book gives you some excellent tips on how to turn the tables and leave a life free of budget constraints.
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2. The Passive Income Playbook by Raza Imam
A new book on Amazon which costs $13.42
Raza in his passive income book tries to outline steps that one can follow to start making a stable stream of passive income. The book talks of a simple and proven step-by-step system that someone can use to make a monthly passive income of $500 to $2500 in just 30 days.
It may seem impossible. But if you follow the instructions in this book and try to understand more about how to do it, you can change what seems impossible.
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3. Passive Income: 25 Proven Passive income ideas
by Mark Atwood book that costs $13.38
Passive income book by Mark Atwood is also one of the best books on passive income. The book talks about the 25 business models that can help you make money online while at home. Working a 9 to 5 schedule up to the age of 65 can be tedious.
This book is making getting out of this schedule possible. It may not be the get rich faster guide, but if you follow its concepts, you’ll surely make it.
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4. Passive Income and Dividend Investing Bundle to Achieve Financial Freedom: The Ultimate Guide to Making Money Online in 2019. Live Anywhere, Escape the 9-5 and Live A Life of Freedom
by Richard Jame
This is a special 2-in-1 manuscript book. That’s right, with this book you’ll be getting two for the price of one. With this bundle, you’ll be getting Dividend Investment: A Simple Guide to Passive Income and Financial Freedom with Dividend Stocks. Retire Early With Smart Investing AND Passive Income Ideas: Passive Income Streams to Achieve Financial Freedom 2019. Stock Market, Affiliate Marketing, Real Estate, Options Trading, Dropshipping and More!.
Read this book, start working now, and have a financial stress free future.
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5. Four Hour Work Week
by Timothy Ferriss at $16.32 on Amazon
The four-hour work week is an excellent guide on how to work less and live more. Timothy in this book gives way out from the traditional concept of deferred life-plan and retirement.
You should start earning and living more as early as now, and not wait till you hit 65.
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6. The $100 Startup
Reinvent the way you make a living, do what you love and create a new future By Chris Guillebeau. $16.32 on Amazon
The $100 Startup is a book that is all about reinventing how we make a living by doing what we love to create a new enjoyable future. It shows you how many people built businesses that earn over $50,000 from an investment as low as $100 or less.
Identifying your passion and finding ways to monetize that is what many successful people have done. Get this book and start to lead a life of meaning and purpose, and with lots of adventure.
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7. The Book on Rental Property Investing
How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing By Brandon Richard Turner and it costs $16.99
Brandon’s book on rental property investing targets both experienced and new investors who are more into real estate. It comprehensively gives insights on how to create passive income and wealth by Intelligent & Hold Real Estate Investing.
The book gives you a very useful tip, tool, technique and fundamental strategy to help make you millionaire through real estate investing. It offers practical strategies used by successful investors around the globe and which are both current and exciting.
This book was also one of our favorite books on real estate investing.
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8. How to Make $100,000 per Year in Passive Income and Travel the World
Written By Chase Andrews and costs $13.97
The book is a comprehensive passive income guide on earning wealth & financial freedom. It features some 14 verified strategies on passive income.
Chase Andrews offers insights on passive income and how to make a fortune by selling eBooks on Amazon Kindle and more.
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9. The Ultimate Tutorial for Generating Passive Online Income
by Anthony Johnson at $12.99
Authored by Anthony Johnson, this book brings out insights on ideal ways of creating online businesses to help you start earning money online. Ideas that catch my eyes and that are also viable include making YouTube videos, index funds, affiliate marketing, winning as a social media influencer, Fiverr, and Upwork among others.
With this book, you set your road to financial freedom.
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10. KaChing: How to Run an Online Business that Pays and Pays
by Joel Comm and it costs $13 on Kindle and $17.33 Hardcover
KaChing is among the best books in the market for the first timers who wish to explore the world of passive income. It mainly focuses on five business models that I also consider as my favorites which include info products, affiliate marketing, and membership sites and more.
The book cost $13 in Kindle and is available in versions like Kindle Fire HDX, Kindle for iPad, iPhone, PC, Mac, and more. He provides thorough strategies & methods that apply to any market or niche.
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11. Invisible Selling Machine by Ryan Deiss
which cost $9.95 on Kindle and $19.95 Hardcover
Ryan Deiss in his passive income book called the Invisible Selling Machine tries to explain how email marketing can help turn everything around. He offers some pretty exciting tricks to help you get started in your business with the marketing automation tools that can streamline your entire sales process.
The book also covers different subjects such as buyer segmentation, and content creation among others. The advice in this book can help you move forward on the journey towards generating passive income.
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12. Smart Couples Finish Rich: 9 Steps to Creating a Rich Future for You and Your Partner
by Avid Bach and it costs $10.66
In his book Smart Couples Finish, Avid Bach talks about creating a financially sound life with your loved one. He offers couples easy-to-use-tools that touch some subjects including credit card management, long-term care, and investment advice.
It teaches couples how to work together as a team, how to create a personal financial plan that can help you provide your future family financial needs, achieve financial security and increase income as well as how to identify core values and dreams.
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13. Click Millionaires: Work Less, Live More with an Internet Business You Love
by Scott Fox and it costs $10.99 Kindle and $17.93 hardcover
Click Millionaires is the last but not the least book on passive income in our list of thirteen best. Scott fox touches on how the American dream has changed from the cubicle corner office to the freedom of internet business. He explains that living the dream is doing what you love doing.
The book touches on the best ways to outsource talent, leverage online marketing, and make more money while working a lot less.
Fox also stresses on the importance of maintaining work-life balance. It also offers practical steps that will create your career along beginning with how to sort out your life.
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14. Dividend Investing Your Way to Financial Freedom by Millionaire Mob
Our book “Dividend Investing Your Way to Financial Freedom: A Guide to Living Off Dividends Forever” which explains to investors how they can live off dividend investing. The book offers a 5-step guide that is necessary to help you live off dividends.
It offers free resources to calculate the best dividend investment options, their exact criteria on how to identify undervalued dividend stocks and actionable steps to help you become a better dividend growth investor.
You can use the book to find high-quality dividend growth stocks that will have a high likelihood of increasing their dividends well into the future. This can help you earn passive income into perpetuity to help you build everlasting wealth.
Here is why I created my dividend investing book.
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Conclusion on Best Books on Passive Income
Did you enjoy reading the list on the best books on passive income? Imagine how much more you would enjoy reading these excellent gems.
All are in Amazon, and you need to grab your copy now and kick-start your walk towards achieving financial freedom.
Which book on passive income have you read that made an impact on you? We would love to hear from you. So share with us in the comments section.
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