In a world where book-reading seems to be increasingly pushed to the side with video and audio content rising in popularity… I’m here to tell you that book-reading is still alive and well! I would even argue that there is no better place to find organized information on financial freedom and passive income than in a collection of books.
For this reason, I put together this exhaustive list of the best passive income books to inspire and motivate you. Much of the information and advice within these books is considered timeless. You’d be doing yourself a favor if you continually read books like these that teach you about financial freedom concepts and generating passive income.
In a hurry? Here are a few of the very best passive income books…
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Why Passive Income Books Matter
One of the biggest obstacles we face in our ever-challenging quest to become rich is not money or the ability to obtain money – it is actually knowledge. Knowledge about how to obtain money and what to do with it after you obtain it to move closer to passive income freedom.
The best way to educate yourself and attain unlimited bits of knowledge on the topic of earning passive income (or anything else) is to read books continually. Many studies have proven the correlation between reading books and becoming wealthy. Take a look at some of these findings on the wealthy, for example…
- 85% read two or more books a month for education and learning purposes
- 88% read 30 minutes or more each day for purposes of education and learning
- 58% read biographies of famous successful people
- Only 11% of the rich read for entertainment purposes
One of the biggest reasons reading is so advantageous is its affordability (especially compared to college classes). Passive income books are readily available online or in your local bookstore – typically selling for very reasonable prices. Also, you can enjoy reading a book just about anywhere imaginable!
Listening to audiobooks is another popular way to consume content and gain knowledge. However, the argument can be made that reading an actual physical (hard copy) of the book is better for retaining knowledge.
Convenience is another major selling point for reading books to gain knowledge. You can literally read whenever and wherever you want – and for as long or as little as you like.
So, without further ado – let’s get into this exhaustive list of the best passive income books that have been published to date.
The Best Passive Income Books by Category
If you were to try to search the internet (or Amazon) for ‘passive income books’ – you would easily come up with several hundred results! I know… because I did exactly that while researching to write this post.
For this reason, I took the time to categorize each book and list them out in their respective categories. Some of the categories had far too many books to include the entire list in this post – so, we will be publishing a separate post for each category as well. You’ll be able to click a link to see the rest of the books in that category if you wish. However, the top books for each category are included on this page.
Are you ready to be amazed? Let’s go!
Money Mindset Books for Passive Income
Passive income can be achieved by following specific plans and implementing specific strategies. But, doing so is nearly impossible without the right money mindset. In other words, the best passive income ideas are worthless if your outlook on money isn’t in the right place.
Some of my favorite books of all time are included in this list of money mindset books for passive income. If you haven’t done so already – I highly recommend that you start by reading Rich Dad Poor Dad by Robert Kiyosaki.
Related Read: 31 Incredible Money Mindset Books to Transform Your Outlook on Money Completely
Top 2 Money Mindset Books
Rich Dad Poor Dad (Robert Kiyosaki)
What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
Rich Dad Poor Dad is a book written by Robert Kiyosaki (with Sharon Lechter) that was first published in 1997. The book is about the authors’ perspectives on how to attain financial success. It advocates the importance of building assets, particularly through investing in stocks and real estate, rather than accumulating debt.
Rich Dad Poor Dad has been translated into more than 40 languages and has sold well over 26 million copies worldwide.
Quick Summary: The book is a personal finance book written from Robert Kiyosaki’s perspective. It’s about his two dads, one was his biological father who was poor and the other one was his friend’s father who was rich. He discusses how both of them raised him in different ways, which led to different outcomes in life.
The Rich Dad Poor Dad book is about the importance of financial literacy and teaches you how to escape the rat race and get rich with money. It also teaches you about passive income and getting out of debt, both of which are essential for any entrepreneur looking for success and riches.
Quotes from the book
“The rich don’t work for money.”
“If you’re going to be a person who has money, you might as well be rich”
“The rich make money. The poor and the middle class spend money. The rich don’t work for money. They know how to make money work for them.”
“If you’re not an optimist, you need to get the hell out of the way, because no one is going to do anything for you.”
Honorable Mention
Another version of this popular book was written for teens – Rich Dad Poor Dad for Teens – The Secrets About Money – That You Don’t Learn in School! This is essentially a slightly dumbed-down version of the original book – written in language and context better suitable for teens.
I highly recommend that you purchase this version for any teenager in your life. I have done exactly that for my kids as I plan to give them a headstart in life with a proper education on money that they won’t learn in school. My oldest son actually went on to read the full version of the original book, at age 12, after reading the teen version!
Think and Grow Rich (Napoleon Hill)
The Landmark Bestseller Now Revised and Updated for the 21st Century
Napoleon Hill’s Think and Grow Rich is one of the most famous success books of all time. It has sold more than 20 million copies worldwide. The book is about how to achieve success by following a set of principles, with the theme of the book being that thoughts are causative – they create things.
Hill was born in 1883, and he died in 1970. He had a long career as an author and lecturer, but he is best known for this one book that has sold more than 20 million copies worldwide.
Some of the key takeaways from the book are:
- Develop a definite purpose in life
- Determine the amount of money you want to be worth
- Define what you want to do with your life
- Believe that you will succeed
- Act as if it were impossible to fail
Quotes from the book
“Whatever the mind can conceive and believe, it can achieve”
“Faith is a state of mind. We are what we think, so if we want to change our lives, we must change our thinking.”
“The starting point is not how much money you have, but how much you make each day.”
The Millionaire Fastlane (MJ DeMarco)
Crack the Code to Wealth and Live Rich for a Lifetime!
MJ Demarco’s book, The Millionaire Fastlane is about how to get rich. It is not about how to make a lot of money, but how to make a lot of money without doing much work.
The book teaches the readers how to build passive income streams and live the life of their dreams. Self-made millionaire MJ Demarco talks about many ways to make money such as starting a blog, investing in real estate, and becoming an entrepreneur.
This book is not for those who are looking for get-rich-quick schemes or for those who want to be millionaires overnight. This book teaches you how to use a fast-track strategy to become a millionaire over time with consistent work and effort.
Quotes from the book
“To succeed in any business you need two things, knowledge and leverage. The knowledge is what you put in and the leverage is what you get out.”
“The rich focus on the things that matter, not the things that don’t.”
“The rich control their spending and find ways to make more money.”
Honorable Mentions
There are just too many wonderful books in this category and we couldn’t publish this post without at least mentioning a few more of the very best.
- The Psychology of Money (Morgan Housel) – Timeless lessons on wealth, greed, and happiness
- The Total Money Makeover (Dave Ramsey) – A Proven Plan for Financial Fitness
- The 4-Hour Work Week (Tim Ferriss) – Escape 9-5, Live Anywhere, and Join the New Rich
Entrepreneur Books for Passive Income
Having an entrepreneurial mindset is essential if you wish to create financial freedom through passive income. Equally as important to mindset is learning some entrepreneurial skills and strategies to set yourself up for success.
You don’t have to build a million-dollar business to attain sufficient income and financial freedom. However, it is essential to learn how to be an entrepreneur if you seriously wish to start making passive income.
Related Read: 5 Must-Read Entrepreneur Books for Business Success
Top 2 Entrepreneur Books
UNSCRIPTED (MJ DeMarco)
Life, Liberty, and the Pursuit of Entrepreneurship
Unscripted is a book about how to build a business that doesn’t rely on the traditional 9-5 job. The author, MJ DeMarco, shares his personal experience and provides insights into how he has been able to create a successful company without having to follow the traditional route of working for someone else.
The book talks about how to start your own business and what it takes to be successful in today’s economy. MJ DeMarco shares his experiences as an entrepreneur and offers practical advice on various topics, such as:
- How to think like an entrepreneur (even if you are not one)
- How to get started
- What kind of skills are required for entrepreneurs
- The importance of self-discipline
- How to do your own research
Quotes from the book
“I was still in my pajamas, but I didn’t care. All I knew was that I was done being a doormat.”
“The best strategy is to have no strategy.”
“It turns out that money can buy happiness, but not wealth.”
The Lean Startup (Eric Ries)
How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
The Lean Startup is a book by Eric Ries, who argues that smaller, more innovative companies can succeed in the business world. He also claims that these companies can avoid the need for large amounts of capital to start up and sustain themselves.
The book is divided into three parts:
- Entrepreneurial Thought Leaders – This section talks about the principles of the lean startup and how it can be applied to any business.
- Entrepreneurial Journey – This section talks about the different phases of an entrepreneur’s journey and how they should be approached in order to be successful.
- Entrepreneurial Living – This section talks about living lean as an entrepreneur and how this way of life can affect your personal life as well as your business life.
The lean startup is a philosophy that has been proven by many entrepreneurs, including Eric Ries himself, who has made his own success with this philosophy.
The book has been translated into 33 languages and has sold over 1 million copies worldwide.
Quotes from the book
“The first and foremost goal of a startup is to find out if the world wants what you are offering.”
“The goal of a lean startup is to turn ideas into sustainable businesses as quickly as possible, and pivot or change course based on customer feedback and scientific data.”
Business Books for Passive Income
One surefire way to establish a steady stream of passive income is to own (or start) your own business. The possibilities are limitless, especially in this internet age where previously unthinkable opportunities have presented themselves.
You have to be purposely mindful with your business plan to ensure that the business doesn’t own you! In other words, you don’t want to start a business just to create a J-O-B for yourself, where you’re working for the business. You want the business working for you!
Related Read: 10 Must-Read Business Books to Level Up Your Business Acumen
Top 2 Business Books
Zero to One (Peter Thiel; Blake Masters)
Notes on Startups, or How to Build the Future
Zero to One is a book by Peter Thiel and Blake Masters. The book is about the journey of building a business from scratch.
The book starts with the idea of creating something new and goes on to explore how to create value in the world. It talks about how technology has shaped society in recent years and how it will shape it in future years.
It also talks about what one must do to create a successful company, which includes having a clear vision for the future, choosing the right people for your team, knowing what not to do and being relentless.
Quotes from the Book
“A successful startup is a series of good decisions that produce great products.”
“The best way to create a great company is by making better decisions than the average company.”
“If you want to be a successful entrepreneur, you need to make great decisions, and you need to make them quickly.”
The $100 Startup (Chris Guillebeau)
Reinvent the Way You Make a Living, Do What You Love, and Create a New Future
The $100 Startup offers a lot of practical advice on how you can start your own business with little or no money and get it off the ground. The author, Chris Guillebeau, shares his personal experience as well as that of others in the book which makes it very relatable and easy to understand.
In his book, Chris Guillebeau challenges the reader to take the leap and start their own business. He provides practical advice for anyone who feels like they can’t make it in today’s economy.
He covers topics such as:
- What it takes to start a business
- How to find your passion and turn it into a profitable idea
- How to make money on the side while you’re working your full-time job
- How to bootstrap and get funding from friends and family
- And many more!
Quotes from the Book
“You don’t need a lot of money to get started, but you do need an idea”
“If there isn’t an audience for what you want, build one. If there’s no demand, create it.”
“If you want to do something and you can’t find anyone else to do it with you, then go alone”
Internet Business Books for Passive Income
Owning an online business is one of the most practical ways to create wealth and passive income if you want to go with the business plan model. Making money online is realistically achievable for almost anybody, regardless of their background or education. Online businesses have taken the world by storm, so why not get in on the action?
Top 2 Internet Business Books
Click Millionaires (Scott Fox)
Work Less, Live More with an Internet Business You Love
Scott Fox is a successful internet marketer. He has been in the industry for more than 20 years and he has seen it all. His book, Click Millionaires, is an insider’s guide to how you can build your own internet business that allows you to live and travel anywhere in the world.
The book talks about how anyone can start their own business online, no matter what their background or skillset is. Scott provides a step-by-step guide on how to set up your business and succeed in the industry. He also shares his own personal experience of starting an internet marketing company from scratch and turning it into a million dollar enterprise.
Quotes from the Book
“It’s not about how much money you make. It’s about how much money you keep. In order to keep your money, you have to think about it and plan for it.”
“Wealth is the ability to fully experience life.”
“You can’t get rich working for somebody else.”
Will It Fly? (Pat Flynn)
How to Test Your Next Business Idea So You Don’t Waste Your Time and Money
Pat Flynn is an internet entrepreneur who has helped many online business owners achieve success. He has a podcast, a YouTube channel, a blog, and now a book called – Will it Fly?, which talks about how to build a successful business.
This book is a guide for people who are starting or running their own businesses. The author walks readers through the process of coming up with an idea, finding the right niche, building a product or service that solves customer problems, and marketing the business in the best way possible.
The author shares his own personal experiences with building his online businesses and tells readers what he would do differently if he were to start over again.
Quotes from the Book
“This is what’s so ironic about the whole situation: Our culture has been pushing this idea that “follow your passion” is the key to happiness and success. It’s a great sales line, it’s a great sound bite, but it doesn’t work. Our culture is filled with people who are miserable and unfulfilled, because they’re waiting to discover what they’re passionate about. And I’m here to tell you, it’s not worth the wait.”
“It’s not about being perfect, it’s about being honest.”
Dropshipping Books for Passive Income
Dropshipping is a business model where the retailer does not maintain any inventory. This means that they don’t have to worry about the costs of storing or shipping products. All they do is act as a middleman, linking the customer with the supplier.
One of the advantages of dropshipping is that it’s very easy to get started. You don’t need any upfront investment, you can start with just your laptop and an internet connection. And because you don’t need any inventory, you can start making money right away!
Dropshipping (Anthony Parker)
How To Make Money Online & Build Your Own $100,000+ Dropshipping Online Business
Dropshipping, by Anthony Parker is a book that outlines the perfect solution for people who want to start an online business but don’t want to deal with the hassle of storing inventory. This book provides a step-by-step guide on how you can use dropshipping as your business model.
The author will show you how you can find products, market them and ship them directly from the manufacturer. He also provides information on how you can automate your dropshipping process and make it more efficient.
Quotes from the Book
“Dropshipping is the best way to start a business because it allows you to start with no capital.”
“Dropshipping is not a get-rich-quick scheme.”
Real Estate Books for Passive Income
Real estate investing is a great way to generate passive income and it also has the potential to grow your net worth and increase your wealth over time. There are many different ways you can invest in real estate, such as;
- buying property
- investing in stocks of real estate companies
- investing in real estate funds
The first two options are riskier than the third option because they depend on you as an individual investor. In any case, information and education on the topic are the keys to success as a real estate investor. There is a multitude of great books available on real estate investing, a few of which are mentioned here.
Top 2 Real Estate Books
The Book on Rental Property Investing (Brandon Turner)
How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing!
The Book on Rental Property Investing is a book by Brandon Turner with the goal of teaching aspiring landlords how to get started with rental property investing. The book is divided into three sections:
- A Toolkit for Landlords
- The Ten Commandments of Landlording
- The Wealthy Renter’s Playbook
In this book, Turner shares his real-world experience and expertise to show readers how to make money in rental properties. The book includes:
- A comprehensive guide on what to do before investing in a rental property
- Advice on how to find the right property for investment
- The best ways to finance your investment
- How to manage your property for maximum income
- And much more.
Quotes from the Book
“The decision to purchase a rental property is much different than the decision to buy a home to live in. You are not purchasing the property for personal use or enjoyment, and you don’t have to worry about whether or not it’s a good neighborhood.”
“There are many factors to consider when buying a rental property, but what matters most is the return on investment you can expect to receive.”
Buy, Rehab, Rent, Refinance, Repeat (David Greene)
The BRRRR Rental Property Investment Strategy Made Simple
David Greene, a successful real estate investor, shares his story of how he became the owner of over 120 properties in just under 10 years. In his book, Buy, Rehab, Rent, Refinance, Repeat, he provides practical tips and tricks on how to make money in the real estate industry.
In this book, David Greene shares his story of success and gives tips on how to make money in the real estate industry. The book is divided into four sections:
- Buying
- Rehabbing
- Renting
- Refinancing
In each section he covers what to do when you are at that stage in your investing career. This book was written for the person just getting into real estate, but it also has great tips for investors who have been doing this for a while.
Quotes from the Book
“We need to be in the business of buying houses, not renting them.”
“It’s a huge market out there. The average person who rents their home spends $18,000 a year on rent. That’s a lot of money! And rent has increased faster than inflation in the last 10 years.”
Financial Freedom with Real Estate Investing (Michael Blank)
The Blueprint To Quitting Your Job With Real Estate – Even Without Experience Or Cash
Michael Blank has been involved in real estate for decades and he has seen first-hand how it is possible for anyone to achieve financial freedom through real estate. His book, Financial Freedom with Real Estate Investing, is a complete guide to real estate investing. The book also provides insight into how to acquire wealth through property ownership.
Financial Freedom with Real Estate Investing is one of the best books on real estate investing, since it covers a wide breadth of topics related to this topic. It also has an extensive list of resources and references for the reader who would like to explore the topics in more detail.
Quotes from the Book
“Real estate is a passive investment. Once you buy property, the revenue stream continues to flow whether you’re working or not.”
“The key to building wealth through real estate is not just buying property but actually profiting from the property.”
“The property is an asset with a cash flow and residual value, while your time is the investment.”
Investing Books for Passive Income
Investing in the stock market is another great way to generate some passive income streams. Dividend stock investing is especially popular because it is less risky and it generates regular cash flow.
Just like with any other method, it is vital that you educate and inform yourself before diving into stock market investing. Learn from people with experience in order to avoid making mistakes in your investment journey.
Top 2 Investing Books
The Intelligent Investor (Benjamin Graham)
The Definitive Book on Value Investing
“Benjamin Graham is often referred to as the father of value investing. The Intelligent Investor, first published in 1949, is the most famous book on investing ever written. In this book, Graham teaches the reader how to develop a sound investment philosophy and how to apply it to find undervalued stocks and shares.”
This book has been written for all investors who want a better understanding of the stock market. It is not just for those who are looking for quick profits or those who want to gamble in stocks. The Intelligent Investor teaches us that we need time and patience if we want to make money from our investments.
Quotes from the Book
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
“The essence of investment strategy is the simultaneous management of two risks—the risk of high market prices and the risk of low market prices.”
“The investor should retain control of the stocks as long as they are appreciating in value, and should not listen to the talk of those who advise giving up control to obtain more liquidity.”
How to Make Money in Stocks (William O’Neil)
A Winning System in Good Times and Bad
This book is a complete guide to stock market investing and how to make money in it. In his book, How to Make Money in Stocks, William O’Neil tells us the secrets of his success. He explains how he used his own research to beat the market and make a fortune in the stock market.
The author talks about the importance of understanding the fundamentals of a company and its stocks. He provides an insight into what to look for when picking stocks and shares his methods for making money from them. The author also talks about the importance of patience and discipline in order to be successful in stock trading.
Some of the topics covered in this book are:
- The Dow Theory
- How to use charts to analyze stocks
- How to time your investments
- How to avoid trading losses
- Foreign stocks
- The theory of value investing
- Common mistakes made when trading stocks
- How to buy stocks on margin
Quotes from the Book
“The market is designed to reward people who put in the work and do their homework.”
“I am convinced that anyone can learn how to make money from stocks. If you can add, subtract, multiply and divide – and if you can read – you are capable of understanding and profiting from this book.”
Trading Books for Passive Income
Trading stocks is very different than investing in stocks. Trading means that you are buying and selling shares versus investing, where you are typically buying to hold.
Trading can be risky, especially for the inexperienced individual. But, if you have a knack for this trading thing and can figure out how to trade successfully – you can earn some good money with very little time investment – which is kind of what passive income is!
Top 2 Trading Books
How to Day Trade for a Living (Andrew Aziz)
A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology
In his book, How to Day Trade for a Living, Andrew Aziz provides everything you need to know about this exciting profession. He explains the basics of how trading works and what it takes to become successful in this field. He also shares important insights on how to trade successfully and what are the best strategies for achieving success.
A day trader is someone who trades stocks, commodities, currencies, and other financial instruments within the same trading day. It is a high-risk activity that requires nerves of steel, quick thinking, and a lot of discipline.
This book is a complete guide for anyone who wants to trade stocks. It covers all the basics of trading and also provides information on how to make money without doing any work.
The author covers how to find a broker, how to open an account, and where to find research material. He also discusses the different types of trading strategies and what they entail.
He then goes on to discuss when it’s appropriate to use each strategy, and what the benefits are. He also talks about risk management, which is something that most people don’t think about until it’s too late.
Finally, he talks about how you can make money without doing any work by investing in stocks that pay dividends or through day trading options with low-risk levels.
Quotes from the Book
“The secret of successful investing is nothing – no secrets, no magic formulas, nothing. Investment success comes from understanding what you’re doing and why you’re doing it.”
“I would say the best advice I can give is to be disciplined and patient. A lot of people will start trading and then suddenly they’re on a losing streak. They’ll take on a trade that they shouldn’t have just because they’re desperate for a win, and then they lose more money.”
Trading in the Zone (Mark Douglas)
Master the Market with Confidence, Discipline, and a Winning Attitude
Trading in the Zone is a guide to trading stocks and it provides advice on how to control one’s emotions in order to trade successfully. The book was first published in 2000 and has been updated several times since then. The latest edition of the book was published in 2017.
The author of Trading in the Zone, Mark Douglas, has been trading stocks for more than three decades. He has developed a set of rules that he applies when he trades and wants to share these rules with his readers so that they too can trade successfully. These rules are based on his personal experience as well as research into psychology, physiology, and neuroscience which have helped him understand the relationship between the brain and trading success.
Quotes from the Book
“If you are not in the right frame of mind, nothing you do will seem to go right. You need to be in the zone.”
“More often than not, the best time to get out of a trade is before you get into it.”
“The most important part of trading is not the trade. It’s the next trade.”
Cryptocurrency Books for Passive Income
Cryptocurrency is a digital currency that can be used to buy things online. It can also be an investment because it has the potential to grow in value over time.
There are many cryptocurrencies out there and you can buy them on various exchanges such as Coinbase, Bittrex, Kraken, etc. You can then store them in your wallet or keep them on the exchange for easy access whenever you need it.
Many people are looking for the next big thing in the cryptocurrency world. Bitcoin and Ethereum were two of the first cryptocurrencies to make waves, but now there are many more that can be bought and sold. Investing in cryptocurrency is very similar to investing in stocks. You need to learn the ins and outs and be mindful of the risks involved.
Top 2 Cryptocurrency Books
Bitcoin Billionaires (Ben Mezrich)
A True Story of Genius, Betrayal, and Redemption
Bitcoin Billionaires is a book written by Ben Mezrich, a Harvard graduate and former journalist who has written books such as The Accidental Billionaires, which was later adapted into the Academy Award-winning film, The Social Network.
Bitcoin Billionaires is a book that tells the story of Bitcoin’s origins and how it became the most controversial and, according to some people, disruptive technology in the world. It tells about how Bitcoin came to be created by an anonymous person or group called Satoshi Nakamoto, who is believed to be living in Japan. It also tells about how Bitcoin’s price has grown astronomically from $0.08 per coin in January 2011 to more than $10,000 per coin in December 2017.
Quotes from the Book
“The Bitcoin market is so volatile, it’s like you’re playing roulette with a shotgun.”
“The Internet is like the Wild West of the twentieth century. There are few enforceable laws that can protect people against bad actors”
“Popov was now a millionaire several times over, and as he watched the price continue to skyrocket, he began to wonder if he had stumbled on the greatest thing since sliced bread.”
Cryptoassets (Chris Burniske, Jack Tatar)
The Innovative Investor’s Guide to Blockchain Assets
Cryptoassets is a guide for investors in the world of cryptocurrency. It covers the history, trends, and future of cryptoassets. The book also includes interviews with founders and CEOs of crypto companies.
The book starts with a brief history of money and then discusses the evolution from barter to currency to digital assets like Bitcoin. The authors cover topics like how to buy, sell, store, and trade cryptocurrencies. They also discuss how many people are investing in cryptoassets on their own or through funds that invest in multiple cryptocurrencies.
Quotes from the Book
“But the most important thing to know about investing in cryptoassets is that it is not investing. When you invest in a company, that company is obligated to give you a share of its profits, and you will also get a share of its losses. When investing in cryptoassets, you are trading must-be-purchased tokens for must-be-sold tokens. You do not own any equity in the asset.”
“The number of cryptoassets is increasing at an exponential rate, and no one has the answer to what will be the winning cryptoassets in ten or twenty years.”
Lifestyle Books for Passive Income
This category for passive income books is a little bit different than most of the rest on this page. It’s not so much about the nuts-and-bolts for a specific passive income strategy. It’s more or less what the name suggests – how to live the passive income lifestyle. In other words… how to live your best life, either as a result of having passive income or with passive income being an added bonus.
You really need an entirely different mentality to achieve passive income freedom (or financial freedom for that matter). That different way of thinking, as a whole, is what is known as a lifestyle. The best way to make money work for you and become a lifestyle investor is by getting into that right lifestyle mindset by learning how others have done so.
You need to identify your own personal strengths and weaknesses, so you can more easily recognize passive income opportunities when they present themselves to you.
Top 2 Lifestyle Books
You Are a Badass (Jen Sincero)
How to Stop Doubting Your Greatness and Start Living an Awesome Life
“Jen Sincero serves up the perfect kick in the pants we need to stop making excuses and start living our dreams.”
You Are a Badass is a self-help book that will help you get out of your comfort zone and live your life to the fullest. The book has helped many people who were afraid of taking risks, or who were not living their best lives. It’s a great read for anyone who feels stuck in their current situation and needs some motivation.
The book includes a lot of practical advice, which is based on Jen’s own experience. She talks about how she faced her fears and finally found her true self – the one that was confident, brave and unapologetic. This book teaches you how to change your thoughts from negative to positive ones, so that you can live a better life. It also offers some insight on how to deal with issues such as anxiety, depression or low self-esteem.
The book has been translated into more than 30 languages and it has sold more than 2 million copies worldwide.
Quotes from the Book
“It’s so easy to focus on what you don’t want in your life. It’s so easy to get mad and frustrated. But if you take that same energy and apply it to what does work, what does make you happy, and what does make your world better, you can achieve anything.”
“The point is this: There is no such thing as a ‘good job,’ and there’s no such thing as a ‘bad job.’ There’s just your job, and it’s up to you to make the most of it.”
“In other words, you get to decide how you’re going to define your life. You get to determine what your life will be about. You get to decide what’s important and what’s not. You get to make things happen. You are the only person with total control over your life, and that is the best damn feeling in the world.”
Tribe of Mentors (Tim Ferriss)
Short Life Advice from the Best in the World
Tribe of Mentors is a compilation of insights from Tim Ferriss’s most popular podcast guests. The book contains more than 100 tactics, techniques, and habits from people like: Tony Robbins, Malcolm Gladwell, Arianna Huffington, Seth Godin, Reid Hoffman and many others.
The book is divided into three sections:
- Find Your Purpose – for how to find your passion and do what you love
- Master Your Mindset – for how to stay calm and focused in tough times
- Build a Tribe – for how to build networks that will help you succeed
Quotes from the Book
“Look for ways to help others. I’ve found that the most sustainable form of happiness is doing what other people say they want. If you do that, you’ll be happy.”
– Tim Ferriss
“It’s not about the cards you’re dealt, it’s about how you play the hand.”
-Ray Kroc
“We can’t live for ourselves alone. Our lives are connected by a thousand invisible threads, and along these sympathetic fibers, our actions run as causes and return to us as results.”
– Herman Melville
The Lifestyle Investor (Justin Donald)
The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom
The Lifestyle Investor is about how to live a life of freedom, which is what the author calls Lifestyle. It covers all aspects of life from day to day living, investing, and building wealth.
The book begins with an introduction to lifestyle as a way of life and how it can be achieved by anyone who wishes for it. It then goes on to discuss how lifestyle is not just about what you do but also about how you do it.
Justin Donald, the author of this book, has been living this lifestyle for over twenty years now and he shares his thoughts on the different aspects that are required to bring this dream into reality. He talks about the importance of investing in order to build wealth and discusses different investment options and topics, such as:
- investing in stocks, bonds, mutual funds, etc.
- how to make money in real estate
- and much more
The Lifestyle Investor is an essential read for anyone who wants to live a life of fulfillment, not just a life of mere survival.
Quotes from the Book
“It’s important to keep an open mind and remember that there is no right or wrong way to invest. You should invest in whatever you are comfortable with and what provides the best return for you.”
“My hope is that people will start to see the benefits of having their money work for them instead of working for money.”
“It’s one thing to talk about how great your life is, it’s another to actually live it.”
Personal Development Books for Passive Income
Most people want to be financially free and live a life of financial freedom. This can be achieved through passive income. One of the best ways to achieve financial freedom is by investing in yourself by reading personal development books (and listening to inspirational podcasts).
Personal development is the key to success in life, whether we are talking about our personal lives or our professional lives. The more you invest in yourself, the more you will get back from your investments. Personal development books are a great way to improve your outlook on life. You’ll learn how to get ahead which leads to making more money.
Top 2 Personal Development Books
Thinking, Fast and Slow (Daniel Kahneman)
[Winner of the Nobel Prize in Economics]
Daniel Kahneman is a Nobel Prize winning world-renowned psychologist who has spent decades researching the human mind. In Thinking, Fast and Slow, he shares his findings in a way that is easy to understand. He talks about how our minds work and the two systems that operate in it – System 1 and System 2.
The author starts with the distinction between two systems of thinking: System 1 and System 2. He argues that people generally use System 1 for quick and intuitive judgments, while System 2 is used for more deliberate, reasoned consideration.
System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The book explores how both systems function in various circumstances like happiness or confidence. It also gives us insight into how our minds trick us into thinking we are better than others or worse off than others when we are not.
This book will help you understand your own mind so much better. It will also give you a better understanding of the minds of those around you – which is equally, if not more, important.
Quotes from the Book
“We are often confident when we shouldn’t be. And we are often insecure when we should be confident. Just think of the last time you were sure you had a superior understanding of something only to find out you were wrong.”
“I know from my own experience that I am a better forecaster than my colleague who is an expert on the economy, politics, and technology. When I look out at the world, I see a lot of randomness and uncertainty. When he looks out at the world, he sees a world that is more determined and predictable.”
“The art of investing is not the art of predicting the future, but the art of avoiding disaster.”
The 5 AM Club (Robin S. Sharma)
Own Your Morning. Elevate Your Life
The 5 AM Club is a book about the author’s personal journey and how he became successful in life. He talks about the importance of waking up early, setting goals and taking action on them, and how to overcome adversity.
In this book, Sharma introduces the idea of “The 5 AM Club.” The idea is that if you want to be successful in your life, you need to get up early. He argues that if you are willing to wake up at 5 A.M., you will be able to do more than those who sleep until 10 or 11 A.M.
The author talks about how he was able to make it happen for himself and how you can make it happen for yourself too. He talks about training your mind to focus on what matters most through waking up early in the morning.
Quotes from the Book
“The most important decision we will ever make is whether we will commit to being happy.”
“Being the best version of yourself isn’t about perfection. It is about getting up every day, making an effort, and leaving the rest to the universe.”
“The moment you start to feel sorry for yourself, you set yourself up to fail.”
“Don’t allow your fear of what might happen if you don’t act to outweigh your fear of what will happen if you do.”
“We are all born with extraordinary gifts. But the one gift we have that nobody else has is our personal story.”
General Passive Income Books
(Books about Passive Income in General)
Reading books about passive income will increase and enhance your knowledge and understanding in the areas of; saving money, investing your earnings, and having a better understanding of financial independence. The best thing about these types of books is that they give you new ideas on how you can increase your income and what to do with that extra money. You will find out what kind of passive income sources are the best for your situation and what you need to do in order to succeed with them.
Financial independence is a term that describes the state in which an individual has enough savings or other assets to live off the income generated from these assets rather than having to work for a living.
Reading books about passive income is the easiest first step in achieving financial independence. You’ll come across passive income ideas that will seemingly ‘punch you in the face’ as you’ll wonder how it’s possible that you didn’t think of that before!
Top 2 General Passive Income Books
Fire Your Boss (Jonathan Green, Alice Fogliata)
How to quit your job, stop selling your time and start making passive income while you sleep…and possibly move to a tropical island
Fire Your Boss is a practical guide to building your own business and becoming your own boss. It discusses the benefits of passive income, how to find your niche and how to create a sustainable business model. This book is about how to make a living doing work you love. It is written by two people, Jonathan Green and Alice Fogliata) who have made their living this way for years and who are passionate about the idea of working in an industry that you love.
The book starts with the basics of starting a business – such as understanding what it means to be self-employed, and what it takes financially and emotionally to make it through the first year.
It then goes on to discuss in detail all of the different ways that you can generate passive income, from part-time work, freelancing, consulting or even starting your own online store. The second half of the book is dedicated to helping you set up your new business from finding office space, setting up accounting systems or developing a brand identity.
This book will teach you how to find your passion, create a business around it and then turn it into a passive income business. The authors walk you through the process of how they did it themselves and how they continue to do so today. It’s not about a get-rich-quick scheme, but rather about building something that will last for years to come.
Quotes from the Book
“If you are unhappy with your job, the first thing to do is to take a good look at yourself and see if you can narrow down the cause of your unhappiness.”
“The most common cause of unhappiness at work is the belief that you are not getting paid what you are worth.”
“If you are in control of your work, you are in control of your life.”
“The most successful people are those who have the most control over their work.”
“The book is about living life on your own terms, and for most people that means starting your own business.”
Buy This, Not That (Sam Dogen)
How to Spend Your Way to Wealth and Freedom
This book is a must-read for anyone who wants to be on the journey to wealth and financial independence.
Buy This, Not That is an easy-to-follow guide that can be used by anyone who wants to learn how to make more money and live a better life. The book covers topics like passive income, financial freedom, real estate, and investing. It also features interviews with successful people from all walks of life.
Sam Dogen provides readers with the tools they need in order to reach their goals in the most efficient way possible, without spending too much time or money on unnecessary things. He covers aggressive retirement saving in great detail while also touching on the many passive income streams that are available that lead to an abundant lifestyle.
Quotes from the Book
“What if we’re not what we believe ourselves to be? What if our identities were a performance? What if the real us is something else?”
“What happens when someone who has been socially conditioned to view himself as an object encounters a social order that defines people in terms of their individuality?”
“A thought will often result in an opposite thought, but the opposite thought doesn’t always result in a new thought.”
Passive Income Freedom (Gundi Gabrielle)
23 Passive Income Blueprints: Go Step-by-Step from Complete Beginner to $5,000-10,000/mo in the next 6 Months!
Gundi Gabrielle is a marketing strategist who has been in the industry for over 20 years. Passive Income Freedom is her first book which she wrote to help people achieve financial freedom. She shares her story of how she went from being a high-powered consultant to quitting the rat race and starting her own business.
In this book, Gundi talks about how she was able to quit her job and start living a life of financial freedom. She also shares some valuable lessons that helped her achieve this goal such as working smarter not harder, investing in yourself and your skills, and making sure that you have a plan before quitting your job.
Quotes from the Book
“A passive income business isn’t always easy to start, but it’s well worth the effort.”
“It’s not always easy to make a living doing what you love.”
“A passive income business is so worth the effort and risk.”
“True wealth is not a measure of money, but of time.”
“I realized I was using my limited time on Earth to earn money that I wasn’t even spending.”
Passive Income Ideas for Financial Freedom
Earning passive income regularly is the holy grail of financial independence. Harnessing the power of passive income is what it’s all about and really, it’s what everybody strives for (whether they know it or not). Whether you’re looking to retire early and escape the rat race, or sail off into the sunset during your golden years – passive income is the key to everything you dream of.
What is Passive Income?
Passive Income can be defined as income received on a regular basis, with little effort required to maintain it.
There are so many ways to earn passive income, and it’s not just about investing in stocks or real estate. You can use your passions, skills, and talents to create various passive income streams.
Looking for ideas or inspiration to get started with passive income today? In addition to all of the phenomenal books listed above, we have purposeful content with practical advice and information. Explore our article – 27 of the best passive income ideas for everyday people. I promise, you won’t be disappointed.
Matthew Allen
