The Best Passive Income Books of All Time (2024)

The 4-Hour Workweek is about building a passive income business so we can escape the usual 40-hour workweek, and design our ideal lifestyle. Tim Ferris also shows how we can improve our productivity by following the 80/20 rule and a 'low information diet.'

The Millionaire Fastlane is about getting wealthy and retiring in 10 years rather than 40 years. At first the title may sound unrealistic, but MJ DeMarco offers hard-earned business wisdom based on his success making millions of dollars after building a limousine booking website.

Rich Dad Poor Dad by Robert Kiyosaki explains what rich people know about finance, money, and investing. The author compares advice from his real father (Poor Dad), who was well-educated but always struggled financially, with advice from his best friend's father (Rich Dad), who had little formal education but was a very successful entrepreneur.

"The Richest Man in Babylon" by George S. Clason offers timeless financial wisdom through parables from ancient Babylon, focusing on principles such as saving 10% of your income, living within your means, and avoiding get-rich-quick schemes. The book champions the concept of "paying yourself first" by setting aside at least 10% of your income before paying any expenses.

The Simple Path to Wealth" by JL Collins offers straightforward advice on achieving financial independence through saving, investing, and avoiding debt. It simplifies complex financial concepts, advocating for investing in low-cost index funds and the importance of financial freedom.

$100M Offers by Alex Hormozi teaches business owners how to create irresistible offers that sell better and at higher prices. He explains how to increase revenue by raising the perceived value of your product or service, using strategies like premium pricing, risk-free guarantees, stacking, bonuses, scarcity, and exclusivity.

DotCom Secrets is a guide to building a successful online business using marketing funnels. Russel Brunson teaches how to grow an online audience with email marketing, multiply profits with "value ladders," and even provides exact scripts to create our own sales videos.

"Traffic Secrets" by Russell Brunson is a guide to generating consistent traffic for your website and online business. It covers fundamental marketing strategies, including sales funnels, email marketing, and competitive research. The book also explains how to drive free traffic and run paid ads on platforms like YouTube, Google, Instagram, and Facebook.