20 Best Passive Income Books for 2024

We are entering a new digital era. 🚀 Everything is changing, including the ways we buy, the ways we work, and the ways we do business.

In this booming digital economy (that includes the exciting rise of 🤖 artificial intelligence), opportunities are increasing for anyone looking to escape the traditional 9-5 job structure. You will find plenty of success stories of people who’ve achieved financial freedom by mastering the art of generating passive income. 💸

Like Ali Abdaal, a former 🎓 medical student that is now making over $27,000 weekly in passive income. He started with creating online courses to help medical students pass important exams. Now, he runs a YouTube empire boasting over 5 million subscribers and makes passive income from a variety of sources including: YouTube Ads, 🛍️ affiliate marketing, digital product sales, and sponsorships. And guess what? He’s not alone.

Consider these mind-blowing facts:

• 🎥 Over 3 billion people now consume digital content, highlighting the potential profits in content creation across social media, YouTube, and podcasts. (via Statista)
• 📈 The e-Learning market, expected to hit $325 billion by 2025, signals a booming opportunity in educational content creation – whether your passion is cooking, reading, or golf. (via Global Industry Analysts)
• 🏠 59 million Americans are freelancing, contributing $1.2 trillion into the economy. A sure sign that independent, digitally-enabled work is more common than ever. (via Upwork)

The silver lining? It’s not too late to start your passive income journey. We’ve analyzed hundreds of book recommendations and reviews to bring you 📚 the definitive list of the 20 best passive income books for 2024. Our selections cover a variety of strategies from affiliate marketing and online business, to the more traditional stock market investing and real estate.

But remember: No matter what passive income strategy you choose, it will take hard work and consistency, or upfront capital. It’s all about ❤️ adding value ❤️ to others. So let’s dive into the books!

Best Passive Income Books For Starting a Business

So, you’re thinking of venturing into the world of business, perhaps by starting a side hustle? Well, hold on a minute! Because transforming your business ideas into real, money-making systems requires more than just passion—it demands strategy and insight. And these highly-recommended books may just be your golden ticket.

We’re going to start with the best. Remember Ali Abdaal, the medical student turned millionaire YouTuber, that I mentioned above? He made a whole video about this first one called “The Best Book I’ve Ever Read about Making Money.” So here it is!

1. The Millionaire Fastlane by MJ DeMarco

“Stop thinking about business in terms of your selfish desires, whether it's money, dreams or "do what you love." Instead, chase needs, problems, pain points, service deficiencies, and emotions.“
—MJ DeMarco

What is The Millionaire Fastlane about?

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.

What are the key takeaways?

1. 🚶‍♂️ 1. Reject the Slowlane: There are downsides to the conventional path we're taught by society
2. 💡 2. Produce, Don't Consume: Create and offer value to a specific group of people, rather than just consuming
3. 👣 3. Work the Process: Wealth building is not a one-time event, but a gradual step-by-step journey

Why should you read it?

Reading 'The Millionaire Fastlane' is like having an exhilarating chat over coffee with a funny friend who also happens to be your millionaire mentor. Half the time, you'll be cracking up; the other half, you'll be scribbling down money-making ideas. It's a compact blast of inspiration for anyone ready to speed up their entrepreneurial journey.

Is it worth reading? Reviews Summary

The Millionaire Fastlane is rated 4.6 on Amazon and 4.3 on Goodreads.

Positive reviews say: Practical steps — Motivational — Real-world experience

Criticism: Aggressive tone — Over-simplified in spots — Perceived unrealistic promises

Read Our Summary: The Millionaire Fastlane Check Amazon: The Millionaire Fastlane

2. $100M Offers by Alex Hormozi

“The point of good writing is for the reader to understand. The point of good persuasion is for the prospect to feel understood.“
—Alex Hormozi

What is $100M Offers about?

$100M Offers teaches business owners how to create offers that sell, while at the same time charging higher prices. Alex Hormozi says we can provide more value to our clients or customers, by making an offer that uniquely solves ALL the obstacles in the way of their true desire.

What are the key takeaways?

1. 💎 1. Raise Your Value: To charge higher prices, increase the value of your product by enhancing desire, certainty, speed and ease
2. 🎁 2. Stack Your Offer: Boost perceived value through exciting names, bonuses, stacking and guarantees
3. ⏳ 3. Make it Limited: Skyrocket demand for your offer using the psychology of scarcity, urgency, and exclusivity

Why should you read it?

At the heart of every business is the offer——what you're essentially saying is, "Hey, give me your money, and I'll give you something cool in return." In this book, Alex Hormozi unpacks several powerful strategies that will transform your approach to sales and pricing. The end result? To show you how to "make people an offer so good they would feel stupid saying no." Along the way, you'll enjoy Hormozi's direct—and often hilariously blunt—communication style.

Is it worth reading? Reviews Summary

$100M Offers is rated 4.9 on Amazon and 4.7 on Goodreads.

Positive reviews say: Actionable advice — Real-world stories — No fluff

Criticism: Focused on too few industries — Premium pricing not for everyone

Read Our Summary: $100M Offers Check Amazon: $100M Offers

3. The 4-Hour Workweek by Tim Ferriss

“If you are insecure, guess what? The rest of the world is, too. Do not overestimate the competition and underestimate yourself. You are better than you think.“
—Tim Ferriss

What is The 4-Hour Workweek about?

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.'

What are the key takeaways?

1. 🎯 1. Leverage the 80/20 Rule: You can work less and accomplish more—by removing low-value work
2. 🧪 2. Validate Your Ideas: Test if people want to buy your product, before you develop it
3. 📺 3. Eliminate Distractions: Become twice as productive by cutting out unnecessary noise and content

Why should you read it?

This book is practically the bible of the "digital nomad" movement, where some people figured out how to work from their laptop anywhere in the world. To most people it sounds like a complete fantasy: Imagine traveling the world, indulging your curiosity, all while your business runs itself. But Tim Ferriss shares many inspirational case studies of people who have done it successfully. It's kind of like finding out that unicorns are real—and they know how to code websites! This book has opened the eyes of countless people that a radically different, unconventional type of lifestyle is possible.

Is it worth reading? Reviews Summary

The 4-Hour Workweek is rated 4.5 on Amazon and 3.9 on Goodreads.

Positive reviews say: Innovative ideas — Motivational to pursue dreams — Practical productivity hacks

Criticism: Self promotion — Overly optimistic — Not realistic for everyone

Read Our Summary: The 4-Hour Workweek Check Amazon: The 4-Hour Workweek

4. The E-Myth Revisited by Michael Gerber

“That Fatal Assumption is: if you understand the technical work of a business, you understand a business that does that technical work.“
—Michael E. Gerber

What is The E-Myth Revisited about?

The E-Myth Revisited by Michael E. Gerber is a crucial read for entrepreneurs, explaining why 80% of small businesses fail and offering invaluable strategies for success. It teaches how to get your business to run without you, using systems and processes, that reduce your work and stress. It shows how to work ON your business, not just IN it.

What are the key takeaways?

1. 💡 1. The E-Myth Explained: The surprising truth is that most small businesses are started not by entrepreneurs, but technicians
2. 👷 2. The Three Business Personalities: Every business owner must balance their inner Entrepreneur, Manager, and Technician
3. 🍔 3. Work on your business, not in it: Implementing systems for scalable success, like the McDonald's franchise model

Why should you read it?

Decades after it was published, this book continues to be a much-recommended bestseller for entrepreneurs worldwide. Its evergreen popularity is proof of the timeless business wisdom packed inside. If you’ve ever questioned why running your “dream business” feels more like working a nightmare 80-hour-per-week job, then this book is what you need! It’s like having a business coach in your pocket, telling you exactly HOW to work smarter rather than harder. (Hint: by building systems in your business.)

Is it worth reading? Reviews Summary

The E-Myth Revisited is rated 4.7 on Amazon and 4.1 on Goodreads.

Positive reviews say: Valuable business insights — Accessible writing style

Criticism: Repetitive content for some — Dated examples

Read Our Summary: The E-Myth Revisited Check Amazon: The E-Myth Revisited

Best Passive Income Books For Investing in the Stock Market

Investing is probably the most common way most people earn passive income, but let’s be real – it can feel like a maze at first. Luckily, there are some top-recommended books out there that break it all down, making it simple for us beginners. They’ll start you off with the basics, like getting smarter about saving your money. Then they’ll explain intelligent strategies for growing wealth by investing in the stock market, using things like index funds or mutual funds.

5. The Psychology of Money by Morgan Housel

“There is no reason to risk what you have and need for what you don’t have and don’t need.“
—Morgan Housel

What is The Psychology of Money about?

"The Psychology of Money" by Morgan Housel is about how our money and financial decisions are often determined by psychological factors such as ego, emotions, and biases. He argues that making good financial decisions and building wealth is less about gaining financial expertise, and more about cultivating qualities like patience, humility, and long-term thinking.

What are the key takeaways?

1. ⏰ 1. Understand True Wealth: Happiness increases from having control over one's time, not showing off material things
2. 💰 2. Compound Interest is Unbelievable: Warren Buffett's "real secret" is not investing genius, but consistency over a long time
3. 🆘 3. Make Room for the Unexpected: Secure your financial safety with a margin of safety for errors and tough times

Why should you read it?

After reading "The Psychology of Money" by Morgan Housel, I've gained incredible insights into how our emotions and biases significantly shape our financial decisions, often more than we realize. It's not just about numbers and strategies; it's about understanding ourselves. Housel uses engaging stories and examples that made me rethink my relationship with money.

I recommend this book because it's not just about getting rich; it's about cultivating a healthier, more self-aware approach to managing your finances and life. It's a must-read for anyone looking to navigate the complex world of money with a clearer mind.

Is it worth reading? Reviews Summary

The Psychology of Money is rated 4.7 on Amazon and 4.4 on Goodreads.

Positive reviews say: + Deep insights + Easy to read + Well-researched

Criticism: - Somewhat repetitive themes - Not a step-by-step guide

Read Our Summary: The Psychology of Money Check Amazon: The Psychology of Money

6. The Richest Man in Babylon by George S. Clason

“A part of all I earn is mine to keep.“
—George S. Clason

What is The Richest Man in Babylon about?

"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.

What are the key takeaways?

1. 🏦 1. Pay Yourself First: Start by saving 10% of your earnings for your future self, before paying anyone else
2. ✂️ 2. Lower Your Expenses: Living within our means is about drawing the line between our needs and desires
3. 📈 3. Let Money Work For You: To become wealthy, our savings must be transformed into passive income sources through investing

Why should you read it?

After reading "The Richest Man in Babylon," the principle of "paying yourself first" truly resonated with me. This idea of automatically saving a portion of your income before anything else has shifted the way I manage my finances. It’s a small change that can make a huge difference in your financial journey. The stories, set in ancient times, brilliantly illustrate how such a simple habit can lead to lasting wealth and financial independence.

The book’s advice is straightforward but powerful, teaching not just to save, but to actively invest in our future selves. It's inspiring to see how applicable these ancient principles are today, and I can't recommend this book enough to anyone looking to improve their financial health. It's kind of like hearing life lessons from a wise and wealthy grandfather, but with more camels. 🐪

Is it worth reading? Reviews Summary

The Richest Man in Babylon is rated 4.7 on Amazon and 4.3 on Goodreads.

Positive reviews say: + Timeless principles + Simple rules + Engaging story format

Criticism: - Too simplistic for some readers - Repetitive writing

Read Our Summary: The Richest Man in Babylon Check Amazon: The Richest Man in Babylon

7. The Simple Path to Wealth by JL Collins

“Stop thinking about what your money can buy. Start thinking about what your money can earn.“
—JL Collins

What is The Simple Path to Wealth about?

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.

What are the key takeaways?

1. 🤸‍♂️ 1. Get F-You Money: Achieve freedom by saving enough to cover several months of expenses
2. 💳 2. Pay Off Debt Quickly: Carrying a lot of debt is the biggest obstacle to wealth
3. 📊 3. Invest in Stock Index Funds: The safer way to grow wealth is by investing in ALL the stocks in the market

Why should you read it?

Having read "The Simple Path to Wealth" by JL Collins, I've been enlightened on how straightforward building wealth can be. Collins demystifies investing and makes financial independence seem achievable, even for those who feel lost in the world of finance. His emphasis on low-cost index funds and living below your means resonated with me deeply.

I recommend this book because it's more than just financial advice; it's a roadmap to a stress-free financial life. Whether you're just starting or looking to refine your financial strategy, this book is a beacon of clarity. Plus, this is Reddit’s #1 recommended personal finance book today. You can’t argue with the internet, right? 👽

Is it worth reading? Reviews Summary

The Simple Path to Wealth is rated 4.7 on Amazon and 4.5 on Goodreads.

Positive reviews say: + Clear and concise + Practical financial strategies

Criticism: - U.S.-centric directions - Too simplistic for some

Read Our Summary: The Simple Path to Wealth Check Amazon: The Simple Path to Wealth

Best Passive Income Books For Affiliate Marketing

Affiliate marketing lets you earn passive income by promoting products for other companies, like through the Amazon Associates Program. It’s a highly appealing path, but can be overwhelming for beginners because there is such a wide variety of potential affiliate marketing strategies. Our top picks will help you get started with a few paths, including social media, content creation, YouTube, and more.

8. Crushing It by Gary Vaynerchuk

What is the book about? 10-second summary:

“Crushing It” by Gary Vaynerchuk explores personal branding and how to leverage social media for business success. It offers strategies for building a strong online presence and turning passions into profitable ventures.

Top quote:

“What really matters is a pretty short list: intent, authenticity, passion, patience, speed, work, and attention.”

Why should you read it?

This book is a masterclass in winning at social media from the king of hustle himself: Gary Vee. He’s like the human embodiment of that “Rise and Grind” coffee mug, cheering you on to conquer the digital world using nothing but the smartphone in your pocket.

Top lessons include:

1. Authenticity is key in personal branding.
2. Consistency and quality in content creation are crucial.
3. Adaptability — Understand and leverage the strengths of different social media platforms.

Is it worth reading? Reviews summary:

• 4.7 stars on Amazon
• 4.0 stars on Goodreads
• Pros: Inspirational — Practical social media strategies — Real-life case studies
• Cons: Can be repetitive — Overemphasis on hustle

(Our summary of Crushing It! is coming in the future.)

9. YouTube Secrets by Sean Cannell and Benji Travis

“The best content creators inform, inspire, educate, entertain, and build a community all at once.“
—Sean Cannell Benji Travis

What is YouTube Secrets about?

YouTube Secrets is a must-read if you want to start a YouTube channel to make money. Sean and Benji—the creators of multiple popular channels—help you unlock the YouTube algorithm, explain how to grow a channel from zero, and share many methods for making income. (Hint: Expect hard work!)

What are the key takeaways?

1. ❤️ 1. Just Start: Take courageous action and begin your YouTube journey despite feeling judged, awkward, or alone
2. 🔍 2. Focus on One Passion: A narrow niche focus helps your channel gain a loyal audience much faster
3. 🔁 5. Consistency is Key: Show up with a new video every week, by keeping things simple

Why should you read it?

This is your no-nonsense insider's guide to conquering YouTube, even if you're just armed with your phone and a dream. But, let's be honest, becoming a YouTube star isn't as easy as posting a cat video and waiting for fame. Many of us have been there, uploading that first awkward video and then constantly refreshing the page for that one extra view. This book unpacks must-know tips, especially about that mysterious YouTube algorithm, so you can go from zero to hero (or at least stop talking to an audience of just your mom and grandma).

Is it worth reading? Reviews Summary

YouTube Secrets is rated 4.6 on Amazon and 4.1 on Goodreads.

Positive reviews say: Very helpful and informative — Understand how YouTube works — Motivational push to get started

Criticism: Missing advanced strategies and recent updates — The author's YouTube channel contains more information

Read Our Summary: YouTube Secrets Check Amazon: YouTube Secrets

10. The Art and Business of Online Writing by Nicolas Cole

What is the book about? 10-second summary:

“The Art and Business of Online Writing” by Nicolas Cole is a comprehensive guide on how to succeed writing online, in the ever-evolving landscape of content creation and social media. It covers a broad range of topics, including why you probably should NOT start a blog, how to write things people actually want to read, and ways to turn your writing into a full-time career.

Top quote:

“Consistent output is the secret to every growth metric on the internet: views, comments, Likes, shares, etc.”

Why should you read it?

Beginning as a top World of Warcraft gamer, Nicolas Cole turned his strategic mind and competitive instincts to online writing. Over the years, he’s figured out a few ways to “hack” the system, leading to his writing being viewed over 100 million times and counting! In an age of viral content and hashtags, it’s essential reading for anyone that wants to make an impact with their words today.

Top lessons include:

1. Online Engagement Comes First: The most important thing is not just writing well, but writing in a way that resonates and engages a specific online audience.
2. Place Content for Maximum Impact: How to strategically place and promote content to online platforms like Quora and Medium, for optimal reach and engagement.
3. Turning Writing into a Sustainable Career: Leveraging online writing into a sustainable career, including monetization strategies and personal branding tips.

Is it worth reading? Reviews summary:

• 4.7 stars on Amazon
• 4.5 stars on Goodreads
• Pros: Tested strategies — Unique insights — Author’s experiences
• Cons: Repetitive examples — Specific types of writing

(Our summary of this book is also coming in the future.)

11. Contagious by Jonah Berger

“Word of mouth is the primary factor behind 20 percent to 50 percent of all purchasing decisions.“
—Jonah Berger

What is Contagious about?

Contagious by Jonah Berger is a great read for anyone into marketing, influence, or the psychology of consumer behavior. It explores what makes people share. In other words: why do certain products, ideas, or content 'go viral'? A lot of research is simplified into 6 key principles: social currency, triggers, emotion, public, practical value, and stories.

What are the key takeaways?

1. 🕶️ 1. Social Currency: Give people something to share that makes THEM look good - trendy, smart, or high status
2. 😡 2. Emotional Impact: Evoke strong emotions like excitement or anger, and more people will share
3. 🎭 3. Embed Storytelling: Information wrapped in stories is more engaging and shareable

Why should you read it?

Ever open up Facebook and wonder why your post got two likes while your friend's got a hundred? This book is a deep dive into the research of what makes people want to share and spread ideas. Perfect for anyone that wants to capture more attention in our age of algorithms and social media apps.

Is it worth reading? Reviews Summary

Contagious is rated 4.6 on Amazon and 4.0 on Goodreads.

Positive reviews say: Insightful analysis of virality — Real-world examples of concepts

Criticism: Narrow focus within marketing — Basic for experts

Read Our Summary: Contagious Check Amazon: Contagious

Best Passive Income Books For Selling Digital Products

Now we’re diving into the exciting world of digital products, where a business can thrive right from your laptop almost anywhere in the world. These carefully selected books offer a roadmap for online business success: from choosing a profitable uncrowded market, to creating engaging online courses, and designing user-friendly apps.

12. Dotcom Secrets by Russell Brunson

“One of the fundamental rules of marketing is that "a confused mind always says no."“
—Russell Brunson

What is Dotcom Secrets about?

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.

What are the key takeaways?

1. 🚀 1. Mastering Marketing Funnels: Improve sales and conversions through laser-focused funnel pages
2. 🎢 2. The Art of the "Value Ladder": Boost profits by bringing back repeat customers with increasingly valuable offers
3. 🐟 3. Hook, Story, Offer Formula: The 3 essential elements for winning customer attention, interest, and conversions

Why should you read it?

Russell Brunson is the marketing brain behind the multi-million dollar software company ClickFunnels. In this book, he goes far beyond the basics, providing dozens of templates for effective sales funnels that can change the game for your online business. It's a must-read for anyone serious about digital marketing, and probably contains more useful info than most thousand-dollar courses.

Is it worth reading? Reviews Summary

Dotcom Secrets is rated 4.6 on Amazon and 4.2 on Goodreads.

Positive reviews say: Readers loved the clear instructions and ready-to-use scripts for starting an online business.

Criticism: Some viewed the book as a long sales pitch for ClickFunnels and found certain sales tactics dishonest.

Read Our Summary: Dotcom Secrets Check Amazon: Dotcom Secrets

13. Two Weeks Notice by Amy Porterfield

What is the book about? 10-second summary:

Two Weeks Notice by Amy Porterfield is a guide for those looking to escape their 9-5 jobs and start an online business. Porterfield shares her many years of experience creating successful online courses and building a strong digital presence, to help us turn our passions into a profitable venture.

Top quote:

“Saying yes just means you believe in yourself—and your ability to build a business—just a little bit more than you don’t.”

Why should you read it?

This book is written by the woman behind the podcast Online Marketing Made Easy, a long-running show that gets over 1 million downloads every month. Her business has done a jaw-dropping $82 million in revenue, mainly from digital products like online courses and building a relationship with her audience through an email list. So if you daydream of ditching the cubicle, you’ll find some proven tips here.

Top lessons include:

• Step-by-Step Online Business Launch: Porterfield breaks down the process of starting a side hustle into manageable, actionable steps, ideal for those looking to transition to full-time entrepreneurship.
• Building and Nurturing an Email List: Key strategies for leveraging social media to grow and engage an email list, a critical asset when starting and growing an online business.
• Practical Tips for Quitting Your Job: Real-life advice and insights for those who’ve dreamt for years about leaving their 9-5, with a focus on creating a sustainable business.

Is it worth reading? Reviews summary:

• 4.7 stars on Amazon
• 4.2 stars on Goodreads
• Pros: Step-by-step guidance — Inspirational personal story
• Cons: Basic for experienced entrepreneurs — Only a specific type of businesses

(Our summary is coming in the future.)

14. Will It Fly? by Pat Flynn

What is the book about? 10-second summary:

Will It Fly? by Pat Flynn is a detailed guide to test your business ideas before fully committing to them. It helps readers validate if their ideas can succeed in the real world, before spending a lot of time and money on them. Flynn combines personal stories with actionable exercises, to help us refine our business plans to reduce risk of failure.

Top quote:

“What can you bring to the table that no one else can? What is your unfair advantage?”

Why should you read it?

Launching a business can feel intimidating, like trying to fly a paper airplane in a hurricane. Pat Flynn’s wisdom on the topic is deep, considering he’s been hosting the renowned Smart Passive Income Podcast for over 13 years. And hey—you gotta respect a man who launched a channel about Pokemon card collecting a couple years ago and has already amassed 700,000+ subscribers… to his side hobby! He clearly knows something about catching the wind just right.

Top lessons include:

1. Step-by-Step Validation Process: Learn how to methodically validate your business idea to save time and money before fully launching.
2. Building a Sustainable Online Business: Gain insights into creating a business model that generates passive income, using easy-to-follow strategies.
3. Aligning Business with Personal Goals: Understand the importance of aligning your business idea with your personal values and goals, ensuring a fulfilling entrepreneurial journey.

Is it worth reading? Reviews summary:

• 4.7 stars on Amazon
• 3.9 stars on Goodreads
• Pros: Comprehensive overview of online business — Practical advice
• Cons: Basic for some — Repetitive in places

(Our summary is coming in the future.)

15. Hooked by Nir Eyal

“79% of smartphone owners check their device within fifteen minutes of waking up every morning.“
—Nir Eyal

What is Hooked about?

Hooked is a guide for product designers, marketers, and entrepreneurs, showing them how to create digital products that are engaging, compelling, and habit-forming. Nir Eyal reveals how big tech companies like Google, Twitter and Facebook keep us coming back to their apps daily. His "Hooked Model" has 4 stages: trigger, action, variable reward, and investment.

What are the key takeaways?

1. 🧠 1. Why Create User Habits?: Developing user habits is crucial for product longevity and customer retention in the digital age
2. 🚦 2. Start With Triggers: Effective triggers drive consistent usage and reinitiate user interaction with your app
3. 🤝 3. Engineer User Investment: When people invest time or effort, their connection to the product deepens

Why should you read it?

If you're dreaming of creating the next Instagram or just curious about why we can't put down our phones, then this book is your go-to guide. Nir Eyal takes the "habit loop" idea (made popular by books like Atomic Habits), then he spins it upside down, to reveal the secrets behind apps that are highly engaging and habit-forming. It's your blueprint to making anything - from your new app to your social media channel - as irresistible as that last slice of pizza. 🍕

Is it worth reading? Reviews Summary

Hooked is rated 4.5 on Amazon and 4.1 on Goodreads.

Positive reviews say: Insightful model — Thought-provoking — Actionable steps

Criticism: Narrow focus on tech products — Basic for expert UX designers

Read Our Summary: Hooked Check Amazon: Hooked

Best Passive Income Books For Real Estate

Now let’s dive into real estate investing, a classic path to passive income. We’ve handpicked a few essential books to guide you on this journey. These selections offer foundational knowledge and strategies for navigating the real estate market successfully.

16. Rich Dad Poor Dad by Robert Kiyosaki

“The poor and the middle class work for money. The rich have money work for them.“
—Robert Kiyosaki

What is Rich Dad Poor Dad about?

"Rich Dad Poor Dad" by Robert Kiyosaki is about learning how to make money by investing and starting businesses, instead of just working for a paycheck. It compares advice from his real dad, who had a regular job and struggled with money, with advice from his friend's dad, who was rich because he understood how to make money work for him.

What are the key takeaways?

1. 🏦 1. Understand Assets vs Liabilities: 'The Rich' buy assets that generate income, while 'The Poor' buy liabilities that cost them money (like a house and cars)
2. 🧠 2. Master Your Psychology: We all have inner obstacles to wealth like fear, arrogance and laziness
3. ⚖️ 3. Maximize Tax Advantages: Having a corporation can offer you many benefits including tax savings

Why should you read it?

After reading "Rich Dad Poor Dad," I realized how important it is to think differently about money. The book shows you that earning money isn't just about a 9-to-5 job; it's also about finding smart ways to make your money grow. Kiyosaki's stories about his two dads really help to illustrate financial ideas through a visual story.

Now, I know some people think the author is more of a salesman or even call him a fraud because of how he presents his ideas. But on the flip side, a lot of readers feel really fired up after reading the book. It's easy to understand and makes you see money in a whole new way, pushing you to take action towards financial freedom. 💸

Is it worth reading? Reviews Summary

Rich Dad Poor Dad is rated 4.7 on Amazon and 4.1 on Goodreads.

Positive reviews say: + Thought-provoking + Inspires entrepreneurship + Simple to understand

Criticism: - Oversimplified concepts - Undermines education and careers

Read Our Summary: Rich Dad Poor Dad Check Amazon: Rich Dad Poor Dad

17. The Book on Rental Property Investing by Brandon Turner

What is the book about? 10-second summary:

“The Book on Rental Property Investing” by Brandon Turner is a concise yet comprehensive guide to earning through rental properties. It covers key aspects like property selection, financing, tenant management, and maximizing income. Ideal for anyone venturing into rental investments, Turner’s book offers valuable insights for building a successful portfolio.

Top quote:

“Real estate investing can make you wealthy, and it can make you wealthy faster than any other investment out there, if you are willing to work toward it. And that’s the key: work.”

Why should you read it?

With over 700 rental units under his belt, Brandon Turner knows a thing or two about making real estate investing profitable. He’s also co-host of the popular BiggerPockets podcast, so he can simplify the complex jargon of real estate into straightforward directions.

Top lessons include:

1. Finding the Right Properties: Strategies to identify properties that offer the best return on investment.
2. Effective Property Management: Tips on managing rental properties efficiently to ensure steady income and tenant satisfaction.
3. Financial Planning for Long-Term Success: Guidance on financing options, budgeting, and planning for future growth in your rental property portfolio.

Is it worth reading? Reviews summary:

• 4.7 stars on Amazon
• 4.4 stars on Goodreads
• Pros: Packed with valuable info — Clear and simple to understand
• Cons: Author’s tone can be irritating to some — Focus on smaller properties

(Our summary is coming in the future.)

Best Passive Income Books For Mindset

With these books, you’ll learn how to reshape your financial mindset to unlock a new perspective on building wealth. From understanding the psychology of persuasion to adopting the habits of successful people and breaking free of limiting beliefs. These reads aren’t just informative; they transform your mindset into a powerful tool for creating passive income streams.

18. Influence by Robert Cialdini

“Our best evidence of what people truly feel and believe comes less from their words than from their deeds.“
—Robert Cialdini

What is Influence about?

Influence is about six principles of persuasion useful for sales, marketing, and negotiation. Professor Robert Cialdini backs his ideas with a lot of science research. The six principles are: reciprocity, commitment and consistency, social proof, liking, authority and scarcity.

What are the key takeaways?

1. 🎁 Reciprocity: We feel obligated to pay back gifts and favours. When someone does something for us, we naturally want to do something for them in return. It's why free samples work.
2. 🤝 Commitment and Consistency: We want to appear consistent with our past actions. This is why committing to a goal or action publicly can be such a strong motivator.
3. 👥 Social Proof: We often look to the behavior and actions of others to determine our own behavior. This is the basis for trends, social media influence, and testimonials.

Why should you read it?

Influence may be the greatest marketing book of all time. But more than that, like a secret playbook of the human mind—a deep dive into our decision-making process. Think of it as a crash course in "Why did I just agree to that?" or "Why did I just buy that?" It's a must-read, whether you are a marketer, salesperson, or you just want to communicate with more influence. By the end, you'll understand why we say "yes" to things that make no sense, from buying stocks we know nothing about to subscribing to that cheese-of-the-month club. 🧀

Is it worth reading? Reviews Summary

Influence is rated 4.7 on Amazon and 4.2 on Goodreads.

Positive reviews say: Scientifically backed — Insightful analysis — Practical examples

Criticism: Some examples outdated — May be manipulative — Repetitive writing

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19. The 10X Rule by Grant Cardone

“Disciplined, consistent, and persistent actions are more of a determining factor in the creation of success than any other combination of things.“
—Grant Cardone

What is The 10X Rule about?

The 10X Rule challenges us to set targets 10X larger than before and then take 10X the action we believe is necessary. Grant Cardone says achieving success always takes exponentially more effort, time and money than we think. We always set our goals too low and underestimate the challenges we'll face.

What are the key takeaways?

1. 🎯 1. Set 10X Goals: Aim for objectives 10 times larger than before; goals that feel significantly beyond your current reach
2. 🌟 2. Expand When Others Contract: Seize opportunities to grow when others are hesitant, capitalizing on less competition
3. 📈 3. Obsess About Results, Not Effort: Focus on achieving tangible outcomes rather than just how long or hard you work

Why should you read it?

If you're ready to supercharge your goals for business and life, then Grant Cardone may be just the rocket fuel you need. The man is basically a walking billboard for success. And his book is a motivational call to action to multiply our efforts and think bigger. It's a fun read if you want to stop walking on the threadmill of "average" and strap on a jetpack to larger goals than you'd ever imagined.

Is it worth reading? Reviews Summary

The 10X Rule is rated 4.7 on Amazon and 3.9 on Goodreads.

Positive reviews say: High-energy and motivational — Straightforward advice for achieving success

Criticism: Can be repetitive — 10X philosophy not for everyone

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20. Think and Grow Rich by Napoleon Hill

“The starting point of all achievement is DESIRE. Keep this constantly in mind. Weak desire brings weak results, just as a small fire makes a small amount of heat.“
—Napoleon Hill

What is Think and Grow Rich about?

Think and Grow Rich is about more than money—it's about getting what we want in life. Napoleon Hill interviewed 500+ successful people (like Henry Ford and Thomas Edison), identifying a 13-step formula for achievement, which includes 1) a burning desire, 2) a definite plan, and 3) persistence past failure.

What are the key takeaways?

1. 🔥 1. Cultivate a Burning Desire: The beginning of riches is an overwhelming desire bordering on obsession
2. 🎯 2. Set a Definite Purpose: Clear goals that are written down are essential for success, not vague wishes
3. 😎 3. Conquer Fear of Criticism: Being afraid of what others will say is often the biggest obstacle to chasing our dreams

Why should you read it?

Okay, this book may seem a bit 'out there' to some people because of its focus on using imagination and positive thinking to top into the mystical law of attraction. Some people will love it and others will think it's straight up bonkers. This isn't your cut-and-dry financial planning book. So, if you're looking for straightforward budgeting tips, this might not be your cup of tea. But hey, who knows? Maybe your good vibes will help you attract the perfect accountant into your life...

Is it worth reading? Reviews Summary

Think and Grow Rich is rated 4.7 on Amazon and 4.2 on Goodreads.

Positive reviews say: Many found the book highly empowering for helping them defy norms, continue towards their dreams, and cope with criticism.

Criticism: Some argue the book fails to acknowledge the role of luck and circumstance in attaining wealth, and it contains too much unproven pseudo-spiritual mumbo jumbo.

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1. Clever Girl Finance
2. Read This Twice
3. Goodreads “Passive Income Books”
4. Growth Hackers
5. Roostervane
6. Gathering Dreams
7. Ali Abdaal (YouTube)
8. Nischa Accountant (YouTube), and video 2
9. Mark Tilbury (YouTube)
10. Investopedia – best real estate books
11. Reddit r/entrepreneur