Best Passive Income Books

Best Passive Income Books

Written by Aryan Agarwal

September 1, 2020

This is an article about best passive income books.

Passive! It means indirect or something in which you are not actively involved.

Are you also the one who is tired of a 9-5 corporate job?

Do you question yourself about why you are not your own boss?

If yes, then passive income is an excellent option for you. It means the income earned by doing some extra activities without paying much attention, time, and effort.

You are putting your 100% in your corporate job, the benefit of which is deriving to your boss. Then why not you should earn the income which is solely going to benefit yourself.

But before starting your passive income business, it is necessary to gain some knowledge. Isn’t it?

Nowadays, knowledge is available everywhere and especially on the internet, but there are billions of answers to your one question on the internet. How will you find that a particular answer is correct or not?

Hence, here comes out that only a BOOK can help you to survive and escape from all different opinions and at last you have to take your decision for yourself. After all, a book is the best friend of a human.

 “You can’t beat, can’t be taxed, and not even inflation can take away from you.  Ultimately, there’s one investment that supersedes all others: Invest in yourself”

-WARREN BUFFET.

Investing in a book is ultimately an investment in yourself.

But now again the question comes that which book will be best for you?

So, here are the five PASSIVE INCOME BOOKS, among which you can choose which one would suit you and start your journey-

Because the price is what you paid, and value is what you get.

The 4-Hour Workweek- Tim Ferriss

The 4-Hour Work Week

This book is all about how to escape from 9-5 jobs and achieve all your dreams, which you find expensive, but actually, they are not.

Ferriss divides his book into four sections, namely “DEAL.”

-D for DEFINITION – This section is all about to answer your questions of WHAT. What can you do to achieve your dreams? What do you want? What to do to live like your dream life? By going through this part, you will surely get to know what do you want.

-E for ELIMINATION- It talks about how to manage your time effectively and efficiently. This is the crucial part of this book. Because of generating passive income, it is essential to manage your crucial time by avoiding unnecessary tasks. It talks about so many things, including the art of refusal, which is, I think, important to know.

-A for AUTOMATION-. It teaches us to manage our time by outsourcing and elimination and also talks about the 80/20 principle. It tells us that one work should not take as much time as we think. For example, you are creating a blog or a website and publish your content on so many platforms so that you can get a higher response, but actually, you are just putting unnecessary extra efforts. The main thing is finding a place where you have a strong niche, dominate and increase it.

-L for LIBERATION- This section concludes all the above three points and motivates you to do something out of the box. Also, if you are going with the majority, then you should have to think twice. It also deals with how to avoid your current hectic job and start your own business.

Rich Dad Poor Dad – Robert Kiyosaki

Rich Dad Poor Dad

This is one of the best books I have ever read as a teen and it completely changed my prespective about how the world works.

It explains the mindset of rich people and how they break the “RAT RACE” and achieve financial freedom.

The main reason why people struggle with financial problems is that they spend several years in school but learn nothing about money and investments. The result is that people learn to work at the service of money… but never learn to put money to work for them.

Robert Kiyosaki emphasizes six key points throughout the book. These points — which differentiate between his “poor” dad (his real dad) and the “rich” dad that helped him understand business and become wealthy — are:

  1. The rich don’t work for money
  2. The importance of financial literacy
  3. Minding your own business
  4. Taxes and corporations
  5. The rich invent money
  6. The need to work to learn and not to work for money

The $100 Startup- Chris Guillebeau

The $100 Startup: Fire Your Boss, Do What You Love and Work Better To Live More

This book speaks to reinvent how to make a living, do what you love, and create a new future. Chris shows the challenges of small business entrepreneurs and creating a framework for finding success in today’s economy. He interviews and surveyed hundreds of startups.

He firstly focuses on the game, which has been changed now. The technology makes it easy to launch an independent business with your skills. Focus on your passions, along with what others care about.

 Passion+ skill+ demand= success

Secondly, he talks about product creation. You have to be unique in your way. Disassociate your limiting beliefs about age and other things and start following your passion, values, beliefs, interests.

Lastly, launch your business. Start as soon as possible so that you can fail early and get to know about your weaknesses before it becomes too late to evade it, and it will also get a high probability of success.

The six-figure second income- David Lindahl and Jonathan Rozek

The six-figure second income

This book is an excellent guide on how you can make money through the web. It mainly focuses on earning through information-based products.

 It also eliminates the myths and excuses of people like I can’t do it, I don’t have time, I will not be successful, because the market wants content and not bothered about your excuses. 

Its writing style is beautiful as when you go through it; you will feel like you are talking to your friend. Most people think that this book is a scam by reading its title, but it isn’t.

David Lindahl and Jonathan Rozek start the book by dismissing some of the usual misconceptions about starting your own business, then explain what your first product should be like and how you can research and create it, and finally, focus on the online part: building a good website to host your product, establishing an online payment method, etc.

This book works as a confidence booster because everybody needs it when he has to change his path.

Kaching- Joel Comm

Kaching

This book is best for a beginner. It provides a map to start an online business through Google AdSense content sites, memberships, products, affiliate marketing, and coaching programs.

The best thing about this book is the case studies through which you can quickly get a picture of how the real world is in online business.

 You can just read this book and have an ocean of knowledge and practical thoughts to apply.

He provides all the fundamentals of an online business. He’s especially tuned in to the profit points of social networking, blogging and message boards – all hot routes to getting business attention and being successful.

It has inspirational case studies and also focuses on how to identify and create your niche. This is the best part of this book.

Because majorly, people have valuable content, but they don’t have a strong niche, that’s why they lack. So before starting your passive income business, you must read this book to get an insight into your niche.

Click Millionaires- Scott Fox

Click Millionaires

This book is all about doing business by starting slowly and part-time. It doesn’t teach “how-to”; instead, it focuses on what you can do for your online business.

 It has realistic examples that prove one thing- you should not comprise a business in which you are not interested. Always do a business in which you have passion and skill, along with your interest.

The whole point of this book is to creating something in which you would be your boss so that way, you have complete control over your life, including what you do during the day, your compensation and benefits, etc.

Deciding on a passive income idea is thankfully, the focus of a couple of chapters and worth getting the book.

Conclusion

Finally, it doesn’t matter how the old book is. What matters is what you are taking out of a particular book and implementing it in your business. Passive income is not comfortable at all. You can’t just wave a magic wand and get your passive income. You have to put in some massive work to get some results.

You have to make the right decisions; otherwise, it will not be fruitful.

These are some basic points which you have to keep in mind while reading these books.

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