20 best books on passive income – 2023 reading list & recommendations

If you’re ready to take control of your financial future and unlock the secrets to building passive income, you’ve come to the right place. Whether you’re a seasoned entrepreneur or just starting out, a book on passive income can be your guide to creating multiple streams of income that work for you while you sleep. In this article, we’ve compiled a list of the 20 best books about passive income that will inspire, educate, and provide you with the tools you need to achieve financial freedom. So, get ready to dive into these passive income books and start your journey to financial independence!


The 4-Hour Workweek

by Timothy Ferriss

The 4-Hour Workweek by Timothy Ferriss is a game-changing book about creating a life of freedom and abundance. This book on passive income is not your typical self-help guide; it presents unconventional strategies and mindset shifts to escape the 9-5 grind and live life on your own terms.

In this groundbreaking book about passive income, Ferriss introduces the concept of lifestyle design, where you focus on maximizing your time and freedom rather than pursuing traditional notions of success. He challenges the status quo and provides practical tips on how to redefine work and create a successful business that operates on autopilot.

With a compelling mix of personal anecdotes, case studies, and actionable advice, Ferriss teaches you how to become more efficient, outsource tasks, and leverage technology to automate your income. He shares his step-by-step processes for building successful online businesses, reducing work hours, and living a life filled with adventure and purpose.

Whether you’re an aspiring entrepreneur, a burnt-out professional seeking a change, or simply someone looking to escape the rat race and live life to the fullest, this passive income book offers invaluable insights and strategies to help you achieve your goals. It’s time to embrace the 4-hour workweek lifestyle and unlock the door to financial freedom and personal fulfillment.

Rich Dad Poor Dad

by Robert T. Kiyosaki

Rich Dad Poor Dad by Robert T. Kiyosaki is not just a book about passive income, it is a life-changing guide that challenges conventional wisdom about money and financial success. This groundbreaking book introduces the concept of financial literacy and presents two contrasting perspectives on wealth – the author’s “rich dad” and his own “poor dad.”

Through captivating storytelling, Kiyosaki shares the valuable lessons he learned from his rich dad, who was a successful businessman, and contrasts them with the limited mindset of his poor dad, who was a highly educated but financially struggling individual. The book emphasizes the importance of financial education and highlights the differences in mindset, attitudes, and strategies that separate the rich from the poor.

While the core message of the book revolves around the power of passive income, Kiyosaki skillfully explores various avenues to achieve financial independence. He encourages readers to think outside the box, challenge societal norms, and develop a mindset that focuses on creating assets rather than relying solely on income from a job.

Rich Dad Poor Dad is not a typical passive income book. It goes beyond providing practical tips and strategies and delves into the psychological and emotional aspects of wealth creation. Kiyosaki’s unique storytelling style makes the concepts relatable and easily understandable, making it a must-read for anyone seeking financial freedom.

The Passive Income Playbook

by Raza Imam

‘The Passive Income Playbook’ by Raza Imam is an incredibly insightful and practical book about generating income in a completely passive manner. This gem of a book is like having a detailed roadmap to financial freedom. Whether you are a stay-at-home parent, an entrepreneur, or simply someone looking to increase their wealth, this passive income book is a must-read.

Raza Imam covers a wide range of strategies and techniques for building multiple income streams that require minimal effort on your part. From affiliate marketing to real estate investing, he leaves no stone unturned when it comes to generating income while you sleep.

What sets ‘The Passive Income Playbook’ apart from other books on passive income is Raza Imam’s ability to simplify complex concepts and make them accessible to anyone. You don’t need a background in finance or business to understand and implement the strategies outlined in this book.

One of the most refreshing aspects of this book is Raza Imam’s emphasis on taking action. He provides step-by-step instructions and actionable advice that you can start implementing immediately. This is not just a book filled with theories and concepts; it is a practical guide that will help you start earning passive income from day one.

Whether you are looking to supplement your current income or create a completely passive income stream, ‘The Passive Income Playbook’ is the ultimate resource. With Raza Imam as your guide, you will be able to navigate the world of passive income with confidence and start building the financial future you’ve always dreamed of.

The Millionaire Fastlane

by MJ DeMarco

The Millionaire Fastlane by MJ DeMarco is an electrifying book on passive income that will jolt you out of the conventional mindset and catapult you into the fast lane of financial freedom. This exceptional book about passive income is not just another run-of-the-mill guide; it is a game-changer that challenges the conventional wisdom of the slow-lane mentality.

DeMarco provides a refreshing perspective on building wealth and achieving financial independence. He argues that traditional methods, such as saving, investing in the stock market, and working a 9 to 5 job for decades, are not the paths to true financial freedom. Instead, he introduces the notion of the “fastlane,” where one can amass wealth rapidly and escape the shackles of the 9 to 5 grind.

This passive income book is filled with practical advice, real-life examples, and actionable steps that will inspire and empower you to take control of your financial destiny. DeMarco emphasizes the importance of creating systems and leveraging the power of entrepreneurship to generate massive wealth in a relatively short period.

If you are tired of the slow-lane approach to financial success and yearn for a life of abundance, The Millionaire Fastlane is the perfect guide to help you create a sustainable and lucrative passive income stream. Get ready to shift your mindset, challenge the status quo, and embark on the exhilarating journey towards financial freedom!

The Book on Rental Property Investing

by Brandon Turner

The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing by Brandon Turner is a game-changing resource for anyone looking to build wealth and achieve financial freedom through rental property investments. Dubbed as the ultimate guide to passive income, this book offers valuable insights, strategies, and practical tips to help both novice and experienced investors navigate the complex world of real estate.

With a focus on generating passive income, which can be defined as money earned with little to no effort on the investor’s part, this book is an essential read for those seeking financial independence and long-term wealth accumulation. Turner explores various real estate investing strategies, such as house hacking, multi-family properties, and short-term rentals, providing readers with a comprehensive understanding of the different avenues available to them.

Throughout the book, Turner shares his own experiences, successes, and failures, offering valuable lessons and actionable advice. He covers everything from analyzing potential deals and financing options to property management and scaling your rental portfolio. Turner’s conversational writing style and real-world examples make it an engaging and accessible read for anyone interested in real estate investing.

Whether you’re a complete beginner or a seasoned investor looking to expand your rental property portfolio, this book provides a wealth of knowledge, tools, and resources to help you achieve your financial goals. So, if you’re ready to embark on a journey to financial freedom and unlock the power of passive income through real estate, ‘The Book on Rental Property Investing’ is the perfect companion to guide you every step of the way.

Passive Income, Aggressive Retirement

by Rachel Richards

‘Passive Income, Aggressive Retirement’ by Rachel Richards is a game-changing book that will revolutionize the way you think about money and financial freedom. If you’ve ever dreamt of escaping the 9-5 grind and achieving financial independence, then this is the book for you.

Author Rachel Richards, a successful entrepreneur and real estate investor, shares her personal journey of building passive income streams and retiring early. Through her engaging writing style and practical advice, she breaks down complex financial concepts into easily understandable terms, making this book accessible to readers of all backgrounds and experience levels.

What sets this book apart from others in the genre is its emphasis on aggressive retirement. While many books about passive income focus solely on generating enough income to cover monthly expenses, Richards takes it a step further. She encourages readers to adopt an aggressive mindset and aim for early retirement, allowing them to live life on their own terms.

Richards covers a wide range of passive income strategies, including real estate investing, stock market investing, and creating online businesses. She provides detailed explanations, step-by-step guides, and real-life examples to help readers understand and implement these strategies effectively.

Whether you’re a beginner in the world of passive income or already have some experience, this book offers valuable insights and actionable advice. It will inspire you to take control of your financial future and make the necessary changes to achieve your goals.

If you’re ready to embark on a journey towards financial freedom and retire early, ‘Passive Income, Aggressive Retirement’ is the ultimate resource to get you started. Don’t miss out on this transformative read!

The Power of Passive Income

by Nightingale-Conant

The Power of Passive Income is an extraordinary book on creating wealth through passive income streams. With a focus on financial freedom and independence, this book about passive income offers practical strategies and proven methods to generate a steady flow of money without the need for constant effort or active involvement. Whether you’re a seasoned investor or a beginner in the world of finance, this passive income book will equip you with the knowledge and tools to build a portfolio of assets that work for you, allowing you to enjoy life on your own terms.

The Automatic Millionaire

by David Bach

The Automatic Millionaire by David Bach is a game-changing book about creating wealth through passive income. This renowned financial expert takes readers on a journey to financial independence by showing them how to make money work for them, rather than the other way around.

This book is not just another run-of-the-mill finance guide. It is a blueprint for building wealth effortlessly and consistently, making it the ultimate passive income book. Bach reveals the secrets of automating your finances and setting up systems that will generate wealth for years to come.

Whether you are a seasoned investor or just starting your financial journey, The Automatic Millionaire offers valuable insights and practical strategies for anyone looking to break free from the traditional paycheck-to-paycheck cycle. Bach’s approach is simple yet powerful, emphasizing the importance of saving, investing, and taking advantage of compound interest to create lasting wealth.

If you’re tired of living paycheck to paycheck and want to learn how to make money work for you, The Automatic Millionaire is the book for you. With Bach as your guide, you’ll discover the path to financial freedom and join the ranks of those who have achieved true passive income.

The Side Hustle: How to Turn Your Spare Time into $1000 a Month or More

by Nick Loper

Looking for a way to boost your income without sacrificing your 9-5 job? Look no further than “The Side Hustle: How to Turn Your Spare Time into $1000 a Month or More” by Nick Loper. This book is a game-changer for anyone looking to generate extra cash flow or even create a full-time passive income stream.

As the title suggests, “The Side Hustle” is a book about passive income and how to achieve it through various side projects. Nick Loper, a renowned entrepreneur and founder of the popular website Side Hustle Nation, shares his expertise and provides practical strategies to help readers leverage their spare time into a steady stream of income.

What sets this passive income book apart is its emphasis on finding side hustles that align with your skills and interests. Loper understands that not everyone has the same talents or desires, so he provides a wide range of side hustle ideas to cater to different individuals. Whether you’re a writer, graphic designer, social media whiz, or just someone looking to make some extra cash, this book has something for you.

Loper doesn’t just stop at ideas, though. He dives deep into the nitty-gritty details, offering step-by-step guides on how to start and scale each side hustle. From setting up a website to marketing your services, he leaves no stone unturned. Plus, he shares real-life success stories from ordinary people who have turned their side hustles into thriving businesses, providing inspiration and motivation to readers.

But what truly sets “The Side Hustle” apart is its focus on creating passive income. Unlike traditional part-time jobs, side hustles can generate income even when you’re not actively working. Loper reveals his secrets for building scalable businesses that can eventually run on autopilot, allowing you to earn money while you sleep.

So, whether you’re looking to pay off debt, save for a dream vacation, or achieve financial independence, “The Side Hustle” is the ultimate guidebook to help you achieve your goals. With its practical advice, diverse side hustle ideas, and focus on passive income, this book is a must-read for anyone looking to turn their spare time into a lucrative endeavor.

The Little Book of Common Sense Investing

by John C. Bogle

The Little Book of Common Sense Investing by John C. Bogle is a gem for anyone seeking to understand the power of passive investing. Often hailed as the ultimate passive income book, Bogle presents his legendary investment philosophy in a concise and engaging manner.

Instead of chasing the latest hot stocks or paying exorbitant fees to active fund managers, Bogle advocates for a simple yet revolutionary approach: investing in low-cost index funds. He emphasizes that the key to successful investing lies in capturing the returns of the entire market, rather than trying to beat it.

With a touch of wit and wisdom, Bogle guides readers through the concepts of diversification, asset allocation, and the importance of keeping costs low. He demystifies the complex world of finance and empowers readers to take control of their financial future.

This book about passive income is not only informative but also inspiring. Bogle’s unwavering belief in the power of long-term investing and his dedication to advocating for the interests of individual investors make this book a must-read for anyone looking to build wealth steadily and sustainably.

Whether you are a seasoned investor or a complete novice, The Little Book of Common Sense Investing offers timeless advice that can help you navigate the ups and downs of the market with confidence. Prepare to be enlightened, motivated, and ready to embark on a journey towards financial freedom.

The Ultimate Dividend Playbook

by Josh Peters

The Ultimate Dividend Playbook by Josh Peters is a comprehensive and insightful book on generating passive income through dividend investing. If you’re looking for a book about passive income that focuses on building wealth through dividends, then this is the perfect read for you.

Dividends are like little streams of income that flow into your bank account, providing a steady and reliable source of passive income. In this passive income book, Josh Peters dives deep into the world of dividend investing, sharing his expertise and strategies for building a successful dividend portfolio.

Packed with practical advice and real-life examples, The Ultimate Dividend Playbook offers a step-by-step guide on how to select and analyze dividend-paying stocks, create a diversified portfolio, and maximize your returns. Peters breaks down complex concepts into understandable terms, making this book accessible to both beginner and experienced investors alike.

What sets this book apart is Peters’ focus on long-term investing and the power of compounding. He emphasizes the importance of patience and discipline, urging readers to resist the temptation of short-term gains and instead focus on building a portfolio that can provide a sustainable source of passive income for years to come.

Whether you’re a novice investor looking to dip your toes into dividend investing or a seasoned pro searching for new strategies, The Ultimate Dividend Playbook is a must-read. This book on passive income is filled with valuable insights and actionable advice that can help you achieve financial independence and create a reliable stream of income for the future.

The Real Estate Retirement Plan

by Calum Ross

The Real Estate Retirement Plan is a game-changing book about generating passive income through real estate investments. Written by renowned financial expert Calum Ross, this book is a must-read for anyone looking to secure their financial future and build wealth.

Inside this insightful guide, Ross shares his expertise on how to create a sustainable passive income stream through strategic real estate investments. He presents a step-by-step plan that is easy to understand and implement, even for those with little to no experience in the real estate market.

Unlike other books on passive income, The Real Estate Retirement Plan offers a fresh perspective and innovative strategies that have been proven to deliver exceptional results. Ross emphasizes the power of real estate investments in generating long-term wealth and financial freedom.

By investing in income-generating properties, readers will learn how to harness the potential of real estate to create a reliable and consistent passive income stream. Ross provides valuable insights on identifying profitable opportunities, financing options, property management, and much more.

Whether you are a seasoned investor or a beginner, this book is a valuable resource that will guide you towards financial independence. Discover the secrets to building a successful real estate portfolio and securing a comfortable retirement through passive income. Get ready to embark on a journey towards financial freedom with The Real Estate Retirement Plan by Calum Ross.

The Passive Income Myth

by Tom Corson-Knowles

‘The Passive Income Myth’ by Tom Corson-Knowles is a game-changing book about creating wealth and financial freedom. In this eye-opening read, Corson-Knowles debunks the widely believed myth that passive income is a quick and effortless way to make money.

This groundbreaking book takes a fresh and realistic approach to the concept of passive income, highlighting the importance of hard work, dedication, and strategic planning. Corson-Knowles emphasizes that passive income is not about sitting back and watching money magically flow into your bank account. Instead, it is about building multiple streams of income through smart investments, entrepreneurship, and creating valuable assets.

By utilizing engaging storytelling and practical examples, the author guides readers through the process of understanding the true nature of passive income and how to make it work in their favor. He also provides invaluable advice on overcoming common misconceptions and challenges that often hinder progress towards financial independence.

Whether you’re a seasoned investor, an aspiring entrepreneur, or simply someone looking to gain a deeper understanding of passive income, this book is an essential read. Corson-Knowles’ refreshing perspective will inspire and motivate you to take action, providing you with the necessary tools and knowledge to transform your financial situation.

Don’t be fooled by the passive income myth any longer. Dive into this thought-provoking book and unlock the secrets to creating true wealth and financial freedom!

The Lazy Man’s Way to Riches

by Joe Karbo

Are you tired of working long hours and constantly hustling to make money? If so, then “The Lazy Man’s Way to Riches” by Joe Karbo is the book for you. This groundbreaking book on passive income is the ultimate guide to achieving financial freedom without breaking a sweat.

Unlike other books about passive income, Karbo’s approach is refreshingly simple and practical. He teaches you how to harness the power of your mind to attract wealth effortlessly. By implementing his proven techniques, you can start earning money while you sleep.

But don’t be fooled by the title. This isn’t a get-rich-quick scheme. Karbo emphasizes the importance of taking consistent action and making smart investment decisions. He provides step-by-step strategies for creating multiple streams of income that require minimal effort on your part.

Whether you’re a seasoned entrepreneur or someone who’s just starting their journey towards financial independence, this passive income book will revolutionize the way you think about making money. Karbo’s insights and real-life examples will inspire you to think outside the box and explore unconventional ways to generate income.

So, if you’re ready to break free from the daily grind and start living life on your own terms, “The Lazy Man’s Way to Riches” is the perfect companion. Get ready to unlock the secrets of passive income and transform your financial future.

The 10X Rule

by Grant Cardone

The 10X Rule by Grant Cardone is not your typical book on passive income. It goes beyond the traditional ideas of making money while you sleep, and instead focuses on the power of massive action and extreme dedication to achieve extraordinary results. This book about passive income, or rather, financial freedom, will challenge your mindset, push you to step out of your comfort zone, and inspire you to take massive action in all areas of your life.

The Richest Man in Babylon

by George S. Clason

The Richest Man in Babylon by George S. Clason is a timeless classic that unveils the secrets to financial success and wealth accumulation. This captivating book delves into the age-old wisdom of managing money, creating a solid foundation for achieving passive income.

Considered a bible for personal finance, this book about passive income takes readers on a journey to the ancient city of Babylon, where they meet Arkad, the richest man in the city. Arkad shares his story and imparts his invaluable knowledge on how to create wealth and achieve financial freedom.

Through a series of insightful parables and practical lessons, Clason enlightens readers on the importance of saving and investing, building profitable businesses, and making wise financial decisions. The book emphasizes the power of patience, discipline, and consistent saving to generate passive income and create a secure financial future.

With its engaging storytelling and easy-to-understand principles, The Richest Man in Babylon educates readers on the fundamental principles of wealth creation. This passive income book offers practical advice that is as relevant today as it was when it was first published in 1926.

Whether you are just starting your financial journey or seeking to enhance your existing wealth, this book on passive income provides a roadmap to financial success. By implementing the timeless principles shared within its pages, readers can pave their way to financial independence and become the richest version of themselves, just like the wise men of Babylon.

The Cashflow Quadrant

by Robert T. Kiyosaki

The Cashflow Quadrant by Robert T. Kiyosaki is a game-changing book about generating income through various avenues. If you’re tired of the traditional nine-to-five grind and dream of financial freedom, this is the book for you. Kiyosaki introduces the concept of the cashflow quadrant, which categorizes people into four different groups based on their income source: the employee, the self-employed, the business owner, and the investor.

This book on passive income delves into the power of generating money without actively trading your time for it. Kiyosaki emphasizes the importance of shifting from the left side of the quadrant (employee and self-employed) to the right side (business owner and investor). Why? Because it is on the right side where true financial freedom lies.

Throughout the book, Kiyosaki shares his personal experiences and insights on how to transition from being an employee or self-employed individual to becoming a successful business owner or investor. He provides practical tips on how to make the shift, including the importance of financial education, mindset shifts, and taking calculated risks.

By reading this book about passive income, you will gain a deeper understanding of the different income quadrants and how they operate. You will learn how to leverage your time, skills, and resources to create multiple streams of income and ultimately achieve financial independence.

Whether you’re an aspiring entrepreneur, a seasoned business owner, or simply someone seeking financial security, this passive income book offers invaluable knowledge and inspiration to guide you on your journey towards financial freedom. Get ready to step out of the rat race and onto the path of financial abundance with The Cashflow Quadrant by Robert T. Kiyosaki.

The Complete Guide to Real Estate Investing

by Brandon Turner

The Complete Guide to Real Estate Investing: A Wealth-Building Book

Looking to generate a steady stream of income that works for you even while you sleep? Consider delving into the world of real estate investing, a tried-and-true method to achieve financial freedom. And if you’re searching for the ultimate guide to help you navigate this exciting journey, look no further than The Complete Guide to Real Estate Investing by Brandon Turner.

This book is not just your ordinary guide; it’s a treasure trove of knowledge that will equip you with the necessary tools to build wealth through real estate. With insightful tips, practical strategies, and real-world examples, Turner takes you on a remarkable journey from novice to successful real estate investor.

What sets this book apart is its emphasis on passive income, a term that has become synonymous with financial freedom. Passive income, also known as residual income or ongoing income, is the holy grail of wealth creation. And Turner understands this concept like no other. He masterfully demonstrates how real estate investing can become your very own passive income machine.

Throughout the pages of The Complete Guide to Real Estate Investing, you’ll learn how to analyze potential investment properties, identify lucrative opportunities, and negotiate deals like a seasoned pro. Turner unveils the secrets to financing your investments, managing your properties effectively, and maximizing your profits.

What’s truly remarkable about this book is its ability to cater to investors of all levels. Whether you’re a beginner eager to dip your toes into the real estate market or an experienced investor looking to refine your strategies, Turner’s comprehensive guide has got you covered. From single-family homes to commercial properties, he provides a wide range of investment options to suit your goals and preferences.

So, if you’re ready to embark on a journey towards financial independence, The Complete Guide to Real Estate Investing is the ideal companion to have by your side. With Turner’s expertise and guidance, you’ll be equipped to make informed decisions, overcome challenges, and ultimately build a prosperous real estate portfolio that generates passive income for years to come.

The Little Book of Big Dividends

by Charles B. Carlson

The Little Book of Big Dividends by Charles B. Carlson is a must-read for anyone looking to generate a steady stream of income without lifting a finger. This gem of a book is all about maximizing your earnings through the power of dividends.

If you’re unfamiliar with the term, dividends are payments made by companies to their shareholders as a share of their profits. They are a key component of passive income, which is essentially money that you earn without actively working for it.

But don’t be fooled by the word “little” in the title. This book is packed with big ideas and strategies that can help you achieve financial freedom. Carlson takes a deep dive into the world of dividend investing, sharing his knowledge and expertise in a way that is accessible to investors of all levels.

Throughout the book, Carlson provides valuable insights into how to select the best dividend-paying stocks, how to build a diversified portfolio, and how to minimize risk. He also highlights the importance of reinvesting dividends to compound your returns over time.

What sets this book apart from others in the genre is Carlson’s no-nonsense approach and his emphasis on the power of dividends as a reliable source of income. He debunks common myths and misconceptions surrounding dividend investing, and provides real-world examples to back up his claims.

Whether you’re a seasoned investor looking to enhance your portfolio or a beginner seeking to dip your toes into the world of passive income, The Little Book of Big Dividends is a valuable resource that will leave you feeling inspired and empowered. So grab a copy, sit back, and let your money work for you!

The Ultimate Guide to Passive Real Estate Investing

by Joe Fairless and Theo Hicks

The Ultimate Guide to Passive Real Estate Investing is a comprehensive book that delves into the world of generating income without actively working. This book is the ultimate resource for anyone looking to learn how to make their money work for them through real estate investments.

Written by real estate experts Joe Fairless and Theo Hicks, this book covers everything you need to know about passive income and how to achieve financial freedom through real estate. Whether you’re a beginner or an experienced investor, this book provides valuable insights and strategies that can help you maximize your returns.

With a focus on passive income, this book emphasizes the importance of building a portfolio of income-producing assets that can generate cash flow without requiring your constant involvement. Fairless and Hicks guide you through the process of identifying the right investment opportunities, analyzing deals, and managing your properties effectively to ensure long-term success.

What sets this book apart is its practical approach and real-world examples. Fairless and Hicks share their own experiences and provide actionable advice that you can immediately apply to your own investments. They also address common challenges and pitfalls that investors may encounter, offering solutions and strategies to overcome them.

Whether you’re looking to supplement your current income, save for retirement, or achieve financial independence, The Ultimate Guide to Passive Real Estate Investing is a must-read. This book will equip you with the knowledge and confidence to build a profitable real estate portfolio that generates passive income for years to come.

Conclusion

In conclusion, these 20 books about passive income are essential reads for anyone looking to generate passive income and achieve financial freedom. Whether you’re a beginner or an experienced investor, these books offer valuable insights, strategies, and practical advice on building and growing passive income streams. From real estate investing to stock market strategies, there’s a book on this list for every interest and level of expertise. So, grab a copy of these books, start learning, and take control of your financial future today!