Top 7 Passive Income Books to Read in 2021
By: Aman Khatri
Tags: Side Hustle, Passive Income, Online Business, Make Money, Affiliate Marketing

Passive income is a very fascinating topic; I mean who doesn’t love to make hundreds or thousands of dollars while you sleep.

It is a dream for people as most of the hard work is pre-done and you just sit back enjoy the benefits of your hard work.

If you have internet access and a computer/laptop, it is very much possible that you can start earning passive income online.

This quote from Warren Buffet will help you understand what this passive income thing is all about.

“If you don’t find a way to make money while you sleep, you will work until you die.”

What you first need to know is that it is not easy to earn passive income online. If it was easy, everyone would be as rich as Elon Musk!

Disclaimer: Passive Income is not a quit-your-job-or get-rich-quick scheme, but a new path that may very well lead to financial freedom.

Let’s get ready then!

What is Passive Income?

Passive Income is Money earned with minimal activity through various kinds of sources that needs a little daily effort on an individual’s part.

It means that you create certain streams of income that generate money even while you sleep.

Income Streams that pay you when you sleep, when you are at the beach, or even when you are traveling to your favorite country.

Some of the common streams of passive income are royalties from books, rental income, or starting a blog like the one you are reading.

These ideas may take some time and hard work to get up and running, but eventually can help you make money while you sleep.

Why Do You Need Passive Income?

If you want to retire young and have financial freedom, then you need to create an income stream that is passive.

Meaning you need a system that pays you recurring income with your minimum efforts.

Even if you love your job I believe that you wouldn’t mind earning some extra side income without putting in years of hard work and time.

So, here’s why you need passive income:

· You can retire early and young

· Create multiple income streams

· Have financial freedom in Your Life

· Create long term wealth as your Greatest Asset

· Travel the world and afford things you desire

· Have Side Income in case you lose your job

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1. $100 Start-Up

Chris Guillebeau the author, identified 1,500 individuals who have built their businesses making $50,000 or more with only a small investment of $100 or even less.

In almost all cases, people with no special skills have discovered aspects of their personal passions that could be monetized and have been able to restructure their lives in ways that have given them greater freedom and fulfillment.

The $100 Start-Up is all about reinventing how we make a living by doing what we love to create a new and enjoyable future.

It shows you how many people have built businesses that make $50,000 from an investment as low as $100 or less.

2 The 4-Hour Work Week: Escape 9–5, Live Anywhere and Join the New Rich by Timothy Ferriss

The book was written by Tim Ferris who has been on the New York Times Best Seller List for many years.

Tim Ferris goes into detail about his history of being a worker and how he was able to transform his life into one of financial freedom and not having to work for others.

He really focuses on ways to become more efficient with your time and how not only to become financially free but also to be free from being a slave to 9 to 5 jobs.

This book focuses on a new model of working and achieving your goals — not by working endless hours as a young professional to achieve a relaxing retirement — but by finding a balance between working life and retirement.

The secret here is to outsource everything and not be the CEO who does it all, but it builds a solid foundation for a successful business and finds people better than themselves to do the job.

Investing in the right people and the right business/product is critical, and later allows you to take advantage of the luxury of your perpetual vacation.

One of my Favourites!

3 Job Escape Plan: The 7 Steps to Build a Home Business, Quit your Job and Enjoy the Freedom by Jyotsna Ramachandran

Job Escape Plan offers easy steps and validates the advice with interviews and real-world illustrations, Ramachandran puts readers into imagination and centers their passions on workable business models.

This book puts all your fears to rest and inspires you to start your entrepreneurial journey.

4 Side Hustle

Chris Guillebeau New York Times bestseller shows how to go from an idea to income in 27 days.

For some people, the thought of quitting their day job to pursue an entrepreneurial life is exhilarating.

It is overwhelming for many others.

A steady career that delivers a daily paycheck, after all, is a blessing.

And not everyone has the means or the ability to take on the risks and duties of working for themselves.

But what if, without giving up the stability of a full-time career, we could quickly and easily build an additional stream of income?

Join the hustle to the side.

5 KaChing

In KaChing, Joel Comm has five key ways that you can make money online.

In today’s world, I believe this is more common than ever before.

Making money online is a much more practical way for someone to create a passive revenue source.

Being able to make money online helps you to do so on your own time and get the best out of your schedule while setting yourself up for career success.

The best thing about Joel Comm’s tips is that they are very practical and easy to duplicate for the common person.

6 The Six Figure Second income

The thing I love about this book is that it reflects so actively on being a secondary income source, as identified in the title.

David Lindahl reflects on how you can turn an online opportunity into a very profitable passive income source.

The excerpt that I really love from the book also just reveals that this is really a guide for all to follow:

“You don’t have to leave your current employment, or have loads of money, or be 24 years old, or run a thriving economy to start a profitable online business.

The Six-Figure Second Income demonstrates how to launch or expand a company even though you believe you have a lot of strikes against you.”

A lot of times when we talk about financial freedom, we concentrate on starting early, saving money, etc.

Although anybody can do these things, you might not be conscious of the value of compound interest and saving money until you’re older, so what now?

Are you absolutely SOL when you didn’t plan for retirement when you were 22 years old? NO!

NO! This book teaches you how you can always reach your goals, despite the situation you are in.

7: Passive Income in 90 Days: How to Passively Make $1K — $10K a Month in as Little as 90 Days by William U. Peña

This book provides insights into how financial security can be accomplished by looking into 3 practical approaches to make passive revenue online.

First of all, marketing video lessons. Second, the marketing of e-books. And last, the auction of personal belongings.

The author is suggestive in his advice, but if they sound like things you should do, his guide can agree with you and ease the method of earning you passive income.

Final Thoughts

Thanks for reading this, Journey to 1000 miles always starts with one step.

Your journey to making passive income online will only begin with your first step.

For Anyone Who Wants To Start An Online Business But Doesn’t Know Where To Begin!

Whether you’re looking to start an online business, start a podcast, or create Instagram content, you’ll find that there’s money to be made in all these areas.

All you need to do is get started.