Passive income streams are a great way to generate additional income without having to trade your time for money.
While creating a passive income stream requires effort and investment upfront, it can pay off in the long run.
To help you get started, we’ve compiled a list of 21 best books on passive income streams that can guide you through the process.
Best Books on Passive Income Streams
If you would like to create or generate passive income, you should read these books.
They will provide you with information, knowledge and practical ideas about passive income streams.
“The 4-Hour Workweek” by Tim Ferriss
This book is a classic guide to living the lifestyle of the “new rich,” where you work smarter, not harder, and generate passive income streams.
“Rich Dad Poor Dad” by Robert Kiyosaki
This book explores the difference between working for money and having money work for you. Kiyosaki emphasizes the importance of creating passive income streams and investing in assets that generate cash flow.
“The One Thing” by Gary Keller and Jay Papasan
This book teaches you how to focus on the one thing that matters most in your life, whether it’s your career, your relationships, or your passive income streams.
“The Millionaire Fastlane” by MJ DeMarco
This book provides a blueprint for creating a successful business that generates passive income streams. DeMarco challenges traditional thinking and encourages readers to take control of their financial future.
“The Automatic Millionaire” by David Bach
This book outlines a simple and easy-to-follow plan for building wealth through passive income streams and automatic saving and investing.
“The Lean Startup” by Eric Ries
This book is a must-read for anyone looking to start a business that generates passive income streams. Ries explains how to create a minimum viable product and test your business model before investing significant time and money.
“The 10X Rule” by Grant Cardone
This book is all about setting big goals and taking massive action to achieve them. Cardone encourages readers to think big and create multiple passive income streams.
“Passive Income: 25 Proven Business Models to Make Money Online from Home” by Mark Atwood
This book provides a comprehensive overview of 25 proven business models that can generate passive income streams online.
“The Psychology of Money” by Morgan Housel
This book explores the psychology behind our financial decisions and offers insights into how to build wealth through passive income streams.
“The E-Myth Revisited” by Michael E. Gerber
This book is a must-read for anyone looking to start a small business that generates passive income streams. Gerber explains how to build a business that runs without you.
“The Compound Effect” by Darren Hardy
This book teaches readers how to create small, incremental changes that can lead to significant results, including passive income streams.
“The 80/20 Principle” by Richard Koch
This book explains how to identify the 20% of your efforts that generate 80% of your results, including passive income streams.
“The Ultimate Guide to Passive Income” by Derek Chamberlain
This book provides a comprehensive guide to creating passive income streams through various investment strategies.
“The Power of Passive Income” by Nightingale-Conant
This audio program teaches listeners how to create passive income streams through real estate investing.
“The Book on Rental Property Investing” by Brandon Turner
This book provides a step-by-step guide to investing in rental properties and generating passive income streams.
“The Side Hustle” by Chris Guillebeau
This book is a must-read for anyone looking to start a side business that generates passive income streams. Guillebeau provides practical advice and inspiration for starting a successful side hustle.
“The Art of Non-Conformity” by Chris Guillebeau
The book focuses on helping individuals live their lives on their own terms and break away from conventional thinking and societal expectations.
Guillebeau shares his personal experiences of traveling to every country in the world before the age of 35 and how it shaped his non-conformist mindset. He also includes case studies of other people who have found success and happiness by rejecting the status quo and pursuing their own unique paths.
“Real Estate Investing Gone Bad” by Phil Pustejovsky
This book provides a cautionary tale about the potential pitfalls of real estate investing, including how to avoid scams and frauds.
“The Wealth of Nations” by Adam Smith
This classic economics book lays out the principles of capitalism and how to create wealth through the division of labor and specialization.
“The Science of Getting Rich” by Wallace D. Wattles
This book explores the power of positive thinking and how to use it to create wealth and passive income streams.
“The Automatic Customer” by John Warrillow
This book explains how to create a subscription-based business that generates passive income streams by providing ongoing value to customers.
In conclusion, creating passive income streams requires effort and investment upfront, but it can pay off in the long run.
The books on this list provide a wealth of information and guidance on how to create passive income streams through various strategies, including real estate investing, business ownership, and online entrepreneurship.
Whether you’re just starting out or looking to expand your passive income portfolio, these books are a valuable resource for achieving your financial goals