on’t work for your money. Make money work for you”. Are you looking for financial freedom? Are you looking for the best possible way to develop passive income? The best way to begin earning passive income is to first get familiar with the best books regarding it, and then apply the methods within them. Books are always the best option for anyone looking forward to learning something new. In this article, we are going to read about the 5 best books on passive income.
5 Best Books on Passive Income:
- Passive Income, Aggressive Retirement – Rachel Richards
- 101 Passive Income Ideas Under $1000 – Frank Coles
- Quit Like a Millionaire – Kristy Shen and Bryce Leung
- The 4-Hour Workweek – Timothy Ferriss
- The $100 Startup – Chris Guillebeau
Passive Income, Aggressive Retirement – Rachel Richards
Rachel Richards is the author of Amazon’s bestselling book Money Honey. She was also a financial advisor. Richards wants you to know all the ways to have financial freedom before the retirement days. In this book, she serves up 28 authentic and tried passive income prototypes which will help you to:
- Achieve financial freedom
- Retire early
- Live your life on your terms
- Follow your passion with your savings.
This book is for everyone who is dreading the 9-5 life – the employees who can’t stand their workplace anymore, the frightened college students, couples who can’t spend their time together, and everyone who feels stuck in this economic race.
101 Passive Income Ideas Under $1000 – Frank Coles
We all know that time will not turn into money. However, there are ways by which you can make passive income without taking another job. It will certainly take time and work, I mean we are talking about money, not house chores that can be done by someone else. Every work needs effort. But once, the time, work, and investment is done, you can sit back and watch the growing bank balance. Isn’t this what you were looking for? This guide will help you find different businesses and investments under $1000. It will let you know which business is not for you and that will save a lot of your time and money.
Quit Like a Millionaire – Kristy Shen and Bryce Leung
A guide to growing wealth, retiring early and living life on your terms and conditions. This book will teach you – How to cut down expenses without reducing the quality of your life? How to use the 4% rule? How to create a million dollar portfolio and more? Just so you can easily opt-out from the rate race and pretty soon. Not everyone becomes an entrepreneur or a real estate king; some of us need to approach these techniques to live life before turning 60.
The 4-Hour Workweek – Timothy Ferriss
The Princeton University guest lecturer Timothy Ferriss has trouble answering one simple question “What do you do?” Whether you are an entrepreneur stuck with your business or an exhausted overworked employee, this book is the guide to a radical world. This book will teach you several things such as:
- How to eliminate a certain percentage of work utilizing principles of forgotten Italian economists
- The difference between relative and absolute income.
- Management Secrets of Remote Control CEOs.
- How to create a meaningful life after removing work and more?
The $100 Startup – Chris Guillebeau
Chris Guillebeau guides you on how to lead an adventurous life, and a life of meaning and purpose by earning a good living. There are several people like Chris who have never experienced a real job or paycheck. These people managed to opt out of the traditional way of employment and created the time and earnings to follow what felt meaningful for them. We can all start from small and wait to take the risk when we are certain about the huge success. Chris identified 1,500 people who barely had any skills to earn a huge living but their small investment ($100 and even less) provided them with a business earning $50,000. These people managed to monetize their passion and reconstruct their lives that could satiate their needs of fulfilment and freedom.