PCG – In The Beginning
25 years ago when PCG was founded, we knew that we wanted to achieve financial freedom. We also knew that we wanted to help others do the same, especially during the pivotal years of their retirement.
What we didn’t know is how to get started. Not only were we stumped on how to start earning passive income for ourselves but also on how to help others with passive income ideas to achieve the same wealth and success.
Twenty-five years ago, the internet was still in its infancy and didn’t offer the sea of resources, blogs, and online forums that it does today.
So what other way to properly educate ourselves on passive income streams than to turn to the resources we had relied on and trusted for years?
But not just any books. We searched libraries. We scoured bookstores. We dug for hours through piles of books on passive income, generating wealth with different methods of investing, and some passive income books that even promised us the keys to the kingdom of financial freedom.
Searching through this endless pile of reference guides, we were exhausted and overwhelmed and could only imagine how our potential client might feel. But this didn’t deter our dream. It actually fueled it.
We persevered and left no stone unturned. Soon, we began discovering highly valuable information and learning about new passive income ideas.
Before long, albeit slowly at first, we began learning more and more about how easily this financial success could be attained, and with each book we read, we became even more motivated.
We took notes, used highlighters, and narrowed the overwhelming abyss of passive income books down to our personal favorites, the ones that aligned the most with our client goals and resonated the best with our own business plan. These books became our bibles, the utmost word on passive income freedom.
PCG Group Today – 25 Years Later
Today, Peoples Capital Group is thriving.
Today, we know everything that we didn’t understand when we started as just two guys that only had a vision of an online business.
Today, thanks to those passive income books, we are confidently able to guide our clients to financial freedom by teaching them everything that we had to put our own blood, sweat, and tears into teaching ourselves.
However, we couldn’t have done it without taking the time to properly educate ourselves. We couldn’t have done it without these books, the best passive income books on the market.
And today, we are excited to share them with you, in hopes that you can learn something equally valuable that will help you start on the right path to generating a passive income stream for yourself, just as we did for ourselves.
We know that finding a starting point can be intimidating. That’s why we have curated this list of the best books on passive income, just for you. So that you can start earning passive income with something we didn’t have when we first started – a clear understanding of how passive income works.
But first, let’s discuss in greater detail what exactly passive income is and how PCG can help you create passive income opportunities to secure wealth-building for you and your family.
Understanding Passive Income
If you want to successfully earn passive income, the first step is knowing exactly what passive income is.
By definition, passive income consists of money and losses generated from an enterprise in which a person is not actively involved. Examples include rental properties, equipment leasing, and limited partnership interest.
However, there are many other ways to generate passive income today. It really all depends on what your business interests are and how much you can afford for an initial investment.
Some common examples of today’s passive income streams include stock market investing, growing an online business, cash flow investing, or becoming a lifestyle investor. Today, the options are truly endless and it is easier today than ever before to earn passive income.
But before we move too fast, let’s take a look at what we call
“The Top 5 Best Books On Passive Income”
Below are five of what we consider the best books on passive income available in today’s market.
Hand-picked just for you, to include our favorites and some highly recommended books, making sure to cover everything; including passive income, investment advice, and exactly how you can start a successful investment business during retirement, finally making your hard-earned money work for you.
Book #1: “Rich Dad, Poor Dad” by Robert J. Kiyosaki & Sharon Lechter
Well deserving of the number one spot on our list, this best-selling passive income book was geniusley written in 1997 and quickly became the inaugural book of what would later be known as “The Rich Dad Series.”
It also quickly became one of our personal favorites on passive investing.
Its purpose was to advocate the importance of financial literacy, and financial independence, as well as teach us how to build wealth through investing in assets such as property management investments.
It also articulated the financial foundation needed when starting and owning businesses, as well as increasing one’s own financial intelligence.
This best-selling book became so popular in competitive markets that it soon became the #1 Personal Finance Book of All Time – in addition to serving as the inaugural book that launched what is now commonly known as “The Rich Dad Franchise.”
Other Best Selling Titles by Robert J. Kiyosaki
Some of the other popular titles included in this successfully collaborative series are:
- “Rich Dad’s cash flow quadrant – a rich dads guide to financial freedom” (1998)
- “Rich dad’s guide to investing – what the rich invest in and what the poor and middle class do not!” (2000)
- “why we want you to be rich” – coauthored with Donald trump (2006)
- “The business of the 21st century” (2010)
- “fake – fake money, fake teachers, fake assets” (2019)
These are just a few of the titles available in the massive franchise created by Kiyosaki, which has skyrocketed to becoming a million-dollar business on the passive income generated by book sales alone.
The “Rich Dad” Franchise
In addition to books on passive income and investing, the “Rich Dad Franchise” offers a wide range of educational tools and products focused on educating others about investing and generating passive income.
Some of these products include classes and coaching courses designed to teach students how to use a single passive income idea to make more money, radio shows and podcasts discussing investments such as the stock market and dividend stocks, and even a board game called Cash Flow, which is designed as a fun tool to educate players on escaping the rat race and finding their own path to financial freedom by way of real estate investments.
Robert J. Kiyosaki definitely hasn’t disappointed us with his expert teachings and empire of countless resources over the years, so you can’t go wrong with any book in this series. Pick up any of these titles in bookstores as well as on your Kindle or via Audible versions online.
Book #2: “The ABCs Of Real Estate Investing – The Secrets of Finding Hidden Profits Most Investors Miss” by Ken McElroy
Recommended by the above-mentioned author, Robert J. Kiyosaki, this passive income book is designed to serve as a step-by-step narrative for everything you need to know about creating passive income through real estate, including top trade secrets that many investors either don’t know or don’t share.
Author Ken McElroy published this book in 2004 as a guide that offers excellent information and teaches us the world of passive income through the eyes of an investor & passive income earner.
In this book, ranked 94% by Google users, you will learn how to:
- Achieve wealth and cash flow through real estate
- find properties with excellent potential
- unlock the industry myths that could be holding you back from more money & maximum success
- negotiate the deal based on the numbers
- evaluate properties and purchase prices
- increase your income using proven property management tools and resources
Other Titles by Ken McElroy
“The ABCs of Real Estate Investing” isn’t Ken McElroy’s only best seller. Other best-selling, A-Z styled titles include:
- “The ABCs of Raising Capital”
- “The Advanced Guide To Real Estate Investing”
- “The ABCs of Property Management”
- “The ABCs of Buying Rental Property”
All of these passive income book titles are available today in print at your local library or book store, as well as electronically, via Google Play & iOs App Stores, on Audible, and also as an e-book from Barnes & Noble or through the Kindle app.
If you have a serious desire to become an unemployed millionaire and create wealth through real estate investments, any of these titles by Ken McElroy will serve as excellent resources that offer a plethora of investment secrets, tips, and tricks. So while this title is one of our personal favorites, you truly can’t go wrong with any of the titles that you choose.
Book #3: “Start Late, Finish Rich – A No Fail Plan for Achieving Financial Freedom At Any Age” by David Bach
When PCG was still in its early phases of development, one thing we knew we wanted to do was to create a client base that was at or near the prime age for retirement and use our business model to effectively guide them step by step on their journey to the financial life of their dreams, offering both security and freedom, despite them being at a later station in life.
Much of the information contained within this very book helped us create a successful business model that did just that! Using this information, we learned how we could help our clients do just what we at PCG had envisioned for them; give them the ability to retire early and start creating both passive income streams and online businesses that generate vast wealth!
When Does It Become Too Late To Start Generating Online Wealth? The Answer Will Shock You!
This book, first published in 2005, is a #1 New York Times Best Seller – and for good reason!
If you are asking yourself if it is too late in life to be rich, the answer is a resounding NO!
And if you are wondering when it becomes too late to start generating wealth online using passive income, the answer is NEVER!
This book outlines a plan curated to help you live and finish rich, no matter what age you are getting started.
The “Catch-Up” Plan
Use David Bach’s inspiring, proven, and easy-to-follow “catch up” plan. This 5 page printable can serve as a quick start, reference guide that will undoubtedly help you ramp up the road to financial freedom.
His meticulously designed plan was tailored to the late bloomers who now realize they want to finish rich, despite their years of:
- making money but forgetting to save it
- spending too many years procrastinating
- getting sidetracked by life’s chaotic rat race
- Feeling left with the unsteady equilibrium of their work-life balance
If you are approaching retirement and are eager to make up for lost time, you can start making passive income easier than you may think.
While it is long overdue that your money work to your benefit, it’s definitely not too late to save money and start wealth building.
Begin by researching passive income ideas and educating yourself on which investment you are most comfortable with. Before you know it, as long as you stick to the “catch up” plan, you can easily start making extra money online or even as a residential real estate investor.
That’s why this is definitely the book that can help you pick your path, guide you to becoming successful in your investment endeavors, and start to achieve extraordinary wealth…all while enjoying your golden years!
Book #4: “Build A Rental Property Empire – The No-Nonsense Book On Finding Deals, Financing The Right Way, & Managing Wisely” by Mark Ferguson
Here’s another #1 bestseller from investment expert Mark Ferguson of “InvestFourMore”.
This book takes a deep dive into rental property investing and how to use this investment method to create a lucrative, monthly passive income and live life as an unemployed millionaire if done correctly.
After the housing market crashed in 2008, Mark found success in listing HUD & REO properties. This lead to Mark deciding to open his own brokerage, Blue Steel Real Estate in Greeley Colorado, where he and his team don’t focus so much on sales as they do on high-profit investments, flipping a whopping 20-30 homes per year!
As an industry expert, it is only natural that Mark is a writer as well, with content that can be found across the web. His passive income guide, “InvestFourMore” shares his rental strategies, explains hold real estate investing, and includes his testament to the power of a positive attitude in the office.
If you prefer technology over reading, you can hop over to Mark’s “InvestFourMore” YouTube Channel, which currently has over 60,000 subscribers!
This is where Mark documents his journey of making money online and the success of his internet business as an investor. He shares his investment properties, renovation process, sales progression, and any other investment relative updates that could be used as a teachable moment.
Mark’s reputation as one of the nation’s most successful investors has won him features in The Washington Post, The Huffington Post, Time Magazine, The Street, Yahoo, Zillow, and multiple more media outlets.
Having authored over a dozen real estate investment-related books, it is clear that Mark Ferguson should be revered as an authority for creating passive income books that have a history of and a future continuance to guide real estate investor hopefuls for years to come.
You can find his books for sale online or you can download a copy of his works through your Kindle or other e-reading devices.
Book #5: “The Power of Passive Income – Make Your Money Work For You” by Entrepreneur Media (Foreward by Robert W. Bly)
Would you believe us if we said we saved the best for last? That’s a tricky one since we think all five books to make the list are somehow the best passive income books for their own reasons.
But we did save the #5 spot for a truly exceptional title. The staff of Entrepreneur Media, who has authored hundreds of books on finance and passive income, comes through with a truly impressive wealth-building plan that is fuss-free and designed for long-term investments.
The youngest title to make the list, this 248-page turner was just released in 2019 by Entrepreneur Media, who teamed up with Nightingale-Conant, the world leader in self-development, to create a step-by-step guide to escaping the 9-5 rat race and getting you out of that office cubicle for once and for all.
You will learn the power of passive income and how to harness that power so that you can start living your best life.
You may want to escape corporate structure to pick up a side hustle or you might choose to spend more time with family while your real estate investment rakes in extra cash. Whatever your goal is, The Power of Passive Income will be the first step to starting your journey.
Some of the things you will learn include:
- How to get out of your dark hole of debt
- How to identify passive income ideas and time for money models
- Redefine wealth based on what matters most to you
- And most importantly, how to free yourself from the need to work for someone else – and how to make yourself rich instead.
This was picked as a Top 5 Favorite for two important reasons:
- This guide doesnt focus solely on financial freedom but also shares the tools you need to realize and reach your personal worth.
- This guides you on effective ways to minimize your stress level while maximizing your income.
This selection is an excellent choice for a Top 5 Ranking and easily scores a ten out of ten in our book.
What Took Us 25 Years, We Can Accelerate It For You!
Most people don’t have the time or the knowledge for having a great start in real estate or generating investment opportunities.
Peoples Capital Group takes the confusion out of the process by providing great deals and being there all the way through the process of real estate investing!
Get qualified to invest with Peoples Capital Group!