Passive income is the type of income that you earn by working for very little time or not working at all. Passive income helps you achieve financial independence in your life, which is becoming more critical in the 21st century. There are many ways of earning passive income. You can earn passively by investing in the Stock market, in real estate, from a franchise business, and so many ways. But making money passively is not at all easy. You need a lot of knowledge, you need to avoid some investments, and you have to work hard for 2 to 3 years to create a passive income funnel.
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This article will discuss some books on passive income you should read to increase your knowledge, which will eventually help you earn income passively.
Best Books on Creating Passive Income
Here is the list of best books on creating passive income:
#1 Rich Dad Poor Dad
Rich dad poor dad is written by Robert Kiyosaki, a Japanese writer, investor and businessman. Rich dad poor dad is based on the author’s life story in which he explains the different perspectives of his two dads and how their thinking affects their lives.
This book is my personal favorite and, in my opinion, is the best financial book in the world. This book will differentiate the mindset of a rich and a poor person properly, gives many passive income ideas, tells you many streams of income that will eventually help you achieve financial freedom in your life.
Amazon Link- Rich dad Poor Dad
#2 The Unemployed Millionaire – Escape the rat race, fire the boss and live your own life.
Matt Marris writes about the unemployed millionaire. This book is an excellent source of inspiration for many people who have lost their jobs and are trapped in debt. In this book, the author tells us how he made pay off a debt of 30,000 dollars and made 20 Million dollars in his life. This book will tell you many ways of earning passive income without doing any job and having any property inheritance.
#3 How to earn $100,000 per year in Passive Income and travel the world
This fantastic book written by Chase Andrews will focus on 14 passive income streams and strategies that will help you achieve financial independence in your life. It will focus on how you earn passive income from a business, make money online, and so many ways.
This book is a bible for those who want to earn passive income and travel the whole world without any stress or anxiety. You can easily make $100,000 per year after 3-4 years if you follow all strategies of this book correctly.
#4 The Book On Rental Property Investing: How To Create Wealth And Passive Income Through Intelligent Buy & Hold Real Estate Investing!
This book is best for the person who wants to earn passively by investing in real estate. Brandon Turner writes this book, and he shares competitive strategies which you can use to earn rental income from real estate. This book claims that the reader will get a lot of benefits after implementing procedures given in it. This book is an excellent source of knowledge for the new investors and the experienced ones.
#5 The Power of Passive Income: Make your money works for you
This book is written by Nightingale Conant, who is a master of passive income and wealth creation. This book will give you a long-term wealth-building plan which will make money work for you. This is the best book for those who are tired from their 9-5 job and want to do something new in their life. It mainly focuses on wealth and income creation, ways to identify passive income opportunities, tells proper income strategies. The main thing it focuses on is how you can escape the rat race of 9-5 jobs and achieve financial freedom in your life.
Amazon Link – The Power of Passive Income: Make your money works for you.
#6 Click Millionaires: Work Less, Live More with an Internet Business You Love
This book written by Scott fox focuses on making money online. This book will tell you different business strategies from which you can efficiently run a business online without making much effort. You will get to know about various new business ideas you can do on the internet and afterward easily outsource it to make money passively.
This book is best for the young generation who wants to earn passive income from home by blogging, making a youtube channel, or running a passive business. This is the last but not the least book in our list of best passive income books.
Other Books to read
Our list consists of limited items, but other books are too good, and you can learn about income streams by reading them. So let us take a look at some other books on passive income:
#1 Passive Income Freedom: 23 passive income blueprints.
#2 The Passive Income Myth: Creating a stream of income from real estate, blogging, stocks, and bonds.
#3 The $100 Investing.
There are many books on earning passive income, and the majority of them give you a lot of helpful knowledge. But if you want to become financially independent in life, then you have to implement them. Books mentioned in the above list are best sellers. Millions of people bought and read them, but we all know that all the readers of this book will not become a millionaire or billionaire in their life and never achieve financial freedom because they will not implement the strategies and ideas mentioned in the books.
Look, earning money in any way is not at all an easy task. You have to work hard for a few years to make a reliable passive income stream. Otherwise, you will never get out of your 9 to 5 job and the vicious cycle of money and never enjoy financial freedom in life. So it is essential to take the necessary steps and do hard work properly if you want to achieve financial independence and do all the things you want to do in life.
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Frequently Asked Questions
Which is the best book for jobless people?
The unemployed millionaire is an excellent source of inspiration for many people who have lost their jobs and are trapped in debt. In this book, the author tells us how he paid off a debt of 30,000 dollars and made 20 million dollars in his life. This book will tell you many ways of earning passive income without doing any job and having any property inheritance.
How to achieve financial independence in life?
To achieve financial independence in life, you should focus on investing your money instead of spending and must try to create more and more passive income.
Who wrote the famous book Rich Dad, Poor Dad?
Rich dad poor dad is written by Robert Kiyosaki, a Japanese writer, investor, and businessman. The book is based on the author’s life story in which he explains the different perspectives of his two dads and how their thinking affects their lives.