Here are 10 great books related to passive income:

1) Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money–That the Poor and Middle Class Do Not!

Is it any surprise?  This is the premier book that teaches you about passive income.  It introduces the concept.  It works through it.  It teaches you about it in the most basic form.  Like I said before, this book is invaluable.  It illustrates the value of financial education, and it emphasizes breaking away from all the stereotypes we grew up with.  This book changed my life, and I guarantee that it will change yours.  

2) Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth

The author of this book opened a fitness store with $2,000.  He expanded to 10 fitness stores and, within two and a half years, sold the chains for $1.6 million.  Not surprisingly, this entrepreneur now travels around giving seminars on his “millionaire mind.”  But have no doubt, this book is worth every penny because he focuses on the philosophical differences between people and how they think about money.  Rich people, he says, “focus on opportunities,” while “poor people focus on obstacles.”  Harsh, but true.  Read this book, and you will never think about money the same way again.

3) The 4-Hour work Week: Escape 9-5, Live Anywhere, and Join the New Rich 

This book is a blueprint for the rest of your life.  First and foremost, it teaches you not to spend every day in a job you hate and buying things you do not need.  Second, it presents a plan for making money by starting a business and building it into a passive income-producing asset.  Fantasy, you say?  Read it, and try it.  You will never know until you give it a shot. 

4) Cash Flow Quadrant: Rich Dad’s Guide to Financial Freedom

I know.  I know.  Another Robert Kiyosaki book.  But this is one of the better ones.  As in his other books, Kiyosaki emphasizes here that being an investor or a business owner gives one more freedom and more potential than being an employee for someone else.  He offers personal stories to illustrate the setbacks of his “poor dad.”  This book demonstrates that building true financial freedom is accomplished by accumulating assets that produce cash flow (especially accumulating assets that make money, especially rental property.

5) Fast Profits in Hard Times: 10 Secret Strategies to Make You Rich in an Up or Down Economy

I actually heard Jordan Goodman (the author of this book) on a radio talk show here in South Florida.  He is a very smart individual who recognizes the right opportunities at the right times.  This book illustrates how, despite an economic recession, we can all make money.  He evaluates several sure-fire methods for investing and profiting from an economy that is soon to be in a tailspin.  He explains his strategies well, and he even has a website where he summarizes his 10 secret strategies. 

6) Rich Dad’s Advisors®: The ABC’s of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad’s Advisors)  

I know what you’re thinking at this point.  I’m a Kiyosaki freak.  Well, that’s probably true.  But it is with good reason.  This book provides the most concrete and reliable information I have ever read about investing in real estate for cash flow.  It is the complete opposite of a get-rich-quick book.  It explains, step by step, how to identify rental properties, evaluate them, and how to proceed through the diligent process of purchasing them.  It also provides real-world examples to illustrate the various concepts.  This book is a must-read if you ever want to invest in rental properties.

7) Think BIG and Kick Ass in Business and Life

Donald Trump might be a little cheesy at this point (with his reality shows and television interviews).  But one thing remains constant with him: he is a shrewd and savvy businessman.  If you can tolerate his persona, this book is valuable for the philosophy and mindset he attempts to pass along to his readers.  This is one of his better books.  If you are striving to succeed in the business word, you should read it.  It will help you adopt the “do it” attitude that Trump embellishes.

8) Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad’s Advisors)

Before you think anything about the third Kiyosaki item on this list, re-read the title of this book.  It is blunt, and it screams out the differences between rich people (they own companies) and poor people (they work for companies).  This book guides you through the background and reasoning behind corporations, and it identifies the numerous considerations involved in starting a corporation, including the actual incorporation, the tax advantages, insurance, selecting board members, etc. 

9) Moonlighting on the Internet  

This is exactly what I am doing right now: moonlighting on the internet.  Because I work full-time, the only time I have to start or advance any Internet businesses or hobbies is during lunch or now, at night.  This book is a practical learning device that helps you harness the power of the Internet to produce income.  This book will help you earn anywhere from $500 to $5,000 per month.  It also points out what helps and what doesn’t.

10) Missed Fortune 101: A Starter Kit to Becoming a Millionaire

The author of this book, a successful financial analyst, lecturer, and retirement consultant, reveals various legitimate financial growth strategies.  He challenges popular myths about money, such as the widespread concepts that you should pre-pay your mortgage and that your 401(K) will cover your retirement.  Like Kiyosaki’s books, this book will help you break away from the various money myths that plagued our upbringing.

If you like this post, please consider subscribing to my RSS feed.

If you like this post, please bookmark it: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • del.icio.us
  • StumbleUpon
  • Propeller
  • Digg
  • Technorati
  • Reddit