Beginner-Friendly Collection of Passive Income Books
There is a lot of literature on investing for beginners. But most of the books contain only paraphrased information from other articles and publications. Therefore, we have analyzed dozens of books on this topic, so you can explore the most interesting options to read.
The best books on how to make a profit contain specific instructions, techniques and advice from real life. The authors of such stories have come a long way from beginners to professionals. Much of the literature in our selection is written on the topic of the stock market, as well as profits from other sources. It will be interesting!
“Warren Buffett’s Ground Rules”, Jeremy Miller
This best passive income book was written by investment columnist Jeremy Miller. The main character is the famous billionaire Warren Buffett. The literary plot is based on the hero’s real letters, which he wrote to his colleagues, partners and potential investors at the beginning of his journey. In these written notes, Warren talks about his unique management techniques, asset diversification, his successes and failures in investing. It is a very important diary of a successful man who achieved absolute passive income. Probably the biggest of all people in the world.
“The Intelligent Investor”, Benjamin Graham
This literary work by a renowned economist describes many tools for generating extra income. In particular, you will learn about compound interest, the system of bank deposits, the rules for calculating potential profits and many other secrets. The author is an experienced economist and professional investor. He has worked his way up from a beginner to an experienced founder. Now he is ready to share it with you. Learn about methods of protection against inflation, how to choose the most liquid assets and much more!
“Invest and Get Rich”, Heinrich Erdman
This story is about how you can create an investment portfolio even for those with an average or low income. The author has been through the journey himself, so he describes his own rules and recommendations. His experience will be useful to those interested in securities, real estate, investing in startups and more. The story is written very concisely, informative and simple. If you have never dealt with the subject of money investing before, start with this guide.
“Peter Lynch Method. Strategy and tactics of the individual investor”, Peter Lynch
Peter Lynch is a popular and successful investor who believes that simple evaluation techniques allow even inexperienced investors to succeed. In his story on investing, Lynch invites the reader to evaluate his abilities, after which he considers the issues of finding successful investment paths. After reading The Peter Lynch Method, the reader will understand what to strive for, what is best avoided, and how to properly analyze financial performance. The author concludes with specifics about when it is best to buy and when to sell stocks.
“Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future”, Ashlee Vance
Finally, we should look at the work of Ashlee Vance. The author spent many hours communicating with Elon Musk. Therefore, in this literary work, we learn a lot of details and tips on how to be successful in work and in making a passive income.