What are some books that teach you how to make a passive income?

 Here are the top 10 - Rich Dad Poor Dad, 4 hour work week, 5 day weekend, the passive income myth, the book on rental property investing, the $100 startup, The six figure second income, the Millionaire Fastlane, the boggle head guide to investing and the barefoot investor.

There are reviews of each book on the website, overall the best lesson I learnt from Rich Dad Poor Dad is Rich people buy assets, poor people buy liabilities.

What does this mean? To give you an example take 2 people who are both earning a monthly paycheck of $4,000. The rich person would take that paycheck and immediately invest $3,500 of it and get that money working for him to make more and more money. This could be in the form of shares, or investing it into his vending machine business, or putting into a term deposit. The remaining $500 he will keep and will use it to pay for his expenses. The poor person would take that paycheck and spend it on that new suit he wanted, the new pair of shoes to match the suit, a brand new watch, and pay his credit card off. There will be a small portion left for his monthly expenses. Do you see the difference here? It seems like the poor person will always be poor, as they don’t understand this concept. Let me repeat that lesson again for you so you understand it. Rich people buy assets, poor people buy liabilities. I know at times it can be difficult as you genuinely do need to buy a new suit for work as your previous one is getting thread bare and you have been wearing it for a few year, however the point of this is to recognize that this money could be better spent elsewhere and to be conscious that this is not going to make me richer. I guess secondary to this is that anything you buy that does not directly generate income for you is a liability i.e. you motor vehicle. This may take you from work but it is a liability. It will never make money for you; it will only cost you (unless you are in the business of flipping cars for profit). The new suit you wanted to buy is a liability it is not an asset. Only ever buy assets.