$10 investments anyone can and MUST afford (Part 1)

I allocate 80% of my savings into stable passive income cash paying assets such as dividend stocks, but I allocate 20% to higher risk higher return stuff.

Many of these high-risk-high-return stuff can be affordable to speculate / invest in

Crypto

I’ve been speculating into blockchain projects such as Bitcoin and Ethereum since 2017; and it can be very volatile. The nice thing about crypto is that you can buy in fractions.

For example, as of today, Ethereum is about USD $1,200 for an entire ETH, BUT you can own 0.01 of ETH at $12 as well, and slowly work your way up to buying more ETH over a period of time.

I use crypto.com app as my main crypto platform because it’s so convenient when it’s on my phone. It takes time to register and for them to do KYC (know your customer) process, so register there as soon as you can.

Stocks

I mentioned earlier that 80% of my savings are invested into passive income assets such as dividend stocks, and you can also purchase fractional stocks from your stock broker.

As I’m kinda lazy, I still use my traditional stock broker Lim & Tan =)

Domain names

This…is a painful area for me, because sometimes I want a specific domain name and someone has bought it and is squatting on it, and even trying to make me spend thousands of dollars for it. Do you know how much a domain name cost to buy?

If it’s from a standard registrar, you can buy one for about $10 bucks man…but a very popular wanted domain name, it can fetch a pretty penny.

How much?

crypto.com‘s $12M domain name purchase is an anomaly of course, but you can see how entrepreneurs and businesses can be willing to spend a good shiny penny on a good domain name.

Of course…you need to be good at picking potential buyable domain names, which can be hard. I use this platform to purchase my domain names.

Make money without money?? Seriously?

Is it really possible to make money without money? The short answer is:

A limited yes

Of course you can make money without money – the lowest hanging fruit is to start a side gig:

  1. If you have a smart phone, you can download sharing economy gigs, where you can help pickup food orders or parcels and hand deliver to the recipient. Grab has this, Uber has this. This can be accelerated if you have transport such as bicycles, scooters, motorbikes, cars but those will incur other costs such as fuel, toll, parking etc.
  2. Walk over to your neighbours in the neighbourhood and offer them services using their equipment (or your own) such as grass cutting, war washing/waxing, power washing, dog walking, kid sitting. These are things you can do in your neighbourhood.

There’s opportunities like these everywhere, and the key is this, you must be

Willing to do the work

If you dont want work and you want money to fall from the sky (which will be nice, I’d like that too), but you gotta do the work.

In the beginning, without money, you’ve got to put in the active hours, the sweat, the strains, the effort. It’s only when you have some money, then you can play a little more game or level up, be it to hire and manage employees, or invest into investments that can provide you passive income.

I recommend people to learn to start an online business

I use this platform to learn, host and manage all my online businesses. Not only is it very affordable at less than $1 a day, it

  • has a powerful leverage: it works 24 hours a day, 7 days a week for you
  • no ceiling cap of how much you can earn
  • a good skill that you can use to market your own businesses or sell other people’s stuff for a commission
  • this skill is transferable: you can teach your kids and even get paid to teach others

Downside is that it takes quite some time to build traction and traffic (about 18 months+) and it can be lonely, and that’s why I like the platform that I’m using – there’s a very active community that both keeps me accountable but also I can relate, complain to and share my joys with. This makes it a little more sustainable.

Sign up for free (there’s a forever free limited membership, no credit card required) and when you’re ready to take it to the next level, only then you commit. No upsells after.

Side hustle idea #4 you can start this week

My rule to quick fast side hustle ideas:

  1. Low barrier for entry: doesnt require you to buy equipment that costs more than $1K
  2. No special skill: doesnt require you to study years for a license, the skill needs to be learnable in hours
  3. Recurring: something that the clients will need on a recurring basis, 1/2/3/4x per month
  4. Scalable: not hard to hire someone to train and do the job

Today’s idea: home cleaning

  1. Low barrier for entry: clients who pay for home washing usually ALREADY have the equipments in their own home, be it mops, brooms, etc available. You may bring your own and charge them extra too, such as mop, broom, floor wash etc
  2. No special skill: You DONT need to train or study years to learn how to clean a home – start with your own home, and a couple of your pal’s places.
  3. Recurring: 100% recurring business, possibly even 1/2/3/4/more times per month, depending on how clean they want their places to be
  4. Scalable: It’s definitely easy to hire and train technicians to clean homes for your clients; plus there’s lots of people would be happy to work for you as employees as you deal with growing the business and acquiring more clients. Bonus: there’s a lot more things you can do: ironing, compound eg power washing, grass cutting, commercial properties, moving in/out cleaning, pre-festival cleaning etc

Warning: as homes are very “open concept”, there’s always risks of misunderstandings such as you could have spent 2 hours making their toilets clean but they’d rather you clean their hall — so sharp communication is key.

How to get your first 3 house cleaning client?

This is the key to get your business started, and you can definitely just start off on weekends to keep your day job. Some ways you can start getting clients and leads:

  1. Look at your neighbourhood, and start there. Knock on your neighbourhood doors and tell them directly: “Hey it’s me, my name is ____ and I live in this neighbourhood. I am starting a home cleaning business and my rate is $X. Would you be happy for me to do that for your home / room / office this week?”
  2. You can offer a bundle discount for more hours.
  3. Message a bunch of your closest buddies and ask them to refer someone, something like this: “hey, I’ve started a home cleaning business and I’m looking for clients who wants to go back to clean homes, can you please refer a neighbour who’d love that? Sweeten this deal by offering a special deal to them for example: refer x number of clients and I’ll clean your room/home for free this month.
  4. Do the same on social media.
  5. Location bundle, if you already have a client scheduled for a date, reach out to the neighbours in the area and let them know that you have a client appointment on that date/time, and if anyone would want a session, then you’d be happy to do a bundle discount since you’re already in the area.

There’s more ways to grow your side hustle too, but start with these.

Weekend side hustle idea #3 that you can start this weekend

My rule to quick fast side hustle ideas:

  1. Low barrier for entry: doesnt require you to buy equipment that costs more than $1K
  2. No special skill: doesnt require you to study years for a license, the skill needs to be learnable in hours
  3. Recurring: something that the clients will need on a recurring basis, 1/2/3/4x per month
  4. Scalable: not hard to hire someone to train and do the job

Today’s idea: car washing & waxing

  1. Low barrier for entry: car washing needs very little items – at least 1-2 pails, water, car wash detergent that costs less than $20, and cloth (or rags). Level up your services with car waxing and vacuuming the interior. Combined, they would cost less than $300, and you can provide THREE services this weekend.
  2. No special skill: You DONT need to train or study years to learn how to wash, wax and vacuum a car. Clean your own and some friends’ cars, and you’ve experienced.
  3. Recurring: 100% recurring business, possibly even 1/2/3/4 times per month, depending on how muddy the grounds were and how sparkly and clean they want their cars.
  4. Scalable: It’s definitely easy to hire and train technicians to wash, wax and vacuum cars for your clients; yes, lots of people would be happy to work for you as employees as you deal with growing the business and acquiring more clients. Bonus: there’s a lot more things you can do: motorbikes, vespa, vans, trucks, RV – so many possibilities!

How to get your first 3 car wash, wax and vacuum client?

This is the key to get your business started, and you can definitely just start off on weekends to keep your day job. Some ways you can start getting clients and leads:

  1. Look at your neighbourhood, and start there. Knock on your neighbourhood doors and tell them directly: “Hey it’s me, my name is ____ and I live in this neighbourhood. I am starting a car wash, wax and vacuuming business and my rate is $X. Would you be happy for me to do that for your car this week?” You can offer a bundle of 3 services for discount.
  2. Message a bunch of your closest buddies and ask them to refer someone, something like this: “hey, I’ve started a car wash/wax/vacuum business and I’m looking for clients who wants sparkly and clean cars, can you please refer a neighbour who’d love that? Sweeten this deal by offering a special deal to them for example: refer x number of clients and I’ll wash/wax/vacuum your car for free this month.
  3. Do the same on social media.
  4. Location bundle, if you already have a client scheduled for a date, reach out to the neighbours in the area and let them know that you have a client appointment on that date/time, and if anyone would want a session, then you’d be happy to do a bundle discount since you’re already in the area.

There’s more ways to grow your side hustle too, but start with these.

Quick side hustle idea that make money #2 (that’s low cost and profitable)

My rule to quick fast side hustle ideas:

  1. Low barrier for entry: doesnt require you to buy equipment that costs more than $1K
  2. No special skill: doesnt require you to study years for a license, the skill needs to be learnable in hours
  3. Recurring: something that the clients will need on a recurring basis, 1/2/3/4x per month
  4. Scalable: not hard to hire someone to train and do the job

Today’s idea: power washing

  1. Low barrier for entry: this corded power washer costs less than 2 nice dinners and you’re in business baby (we’re talking less than $200 bucks) which you can make back in at least 2 power washing driveways jobs.
  2. No special skill: power washing is also one that DEFINITELY don’t require a license or years of training – start by power washing your own porch and driveway, and a couple of friends to get the hang of it, and you’re good to go already.
  3. Recurring: This is definitely a recurring business, porches and driveways get dirty again and again, probably need around 1-2 power washes a month.
  4. Scalable: It’s definitely easy to hire and train technicians to power wash for your clients; yes, people would be happy to work for you as employees as you deal with growing the business and acquiring more clients. Bonus: there’s a lot more things power washing can do, such as washing walls, carpets, cars etc.

How to get your first 3 power washing client?

This is the key to get your business started, and you can definitely just start off on weekends to keep your day job. Some ways you can start getting clients and leads:

  1. Message a bunch of your closest buddies and ask them to refer someone, something like this: “hey, I’ve started a power washing business and I’m looking for clients who wants clean driveways and porches, can you please refer a neighbour who’d love that? Sweeten this deal by offering a special deal to them for example: refer x number of clients and I’ll power wash your driveway for free this month.
  2. Do the same on social media.
  3. Knock on your neighbourhood doors and tell them directly: “Hey it’s me, my name is ____ and I live in this neighbourhood. I am starting a power washing business and my rate is $X. Would you be happy for me to power wash your driveway/porch/wall/etc this month?” You can offer to power wash a segment of their porch to show them a beautiful before-after.
  4. Initial your business name on the ground as a signature, with approval from your client (you can offer them a discount for this)
  5. Location bundle, if you already have a client scheduled for a date, reach out to the neighbours in the area and let them know that you have a power washing client appointment on that date/time, and if anyone would want a session, then you’d be happy to do a bundle discount since you’re already in the area.

There’s more ways to grow your side hustle too, but start with these.

Quick profitable side hustle idea #1 (that you can start this weekend)

My rule to quick fast side hustle ideas:

  1. Low barrier for entry: doesnt require you to buy equipment that costs more than $1K
  2. No special skill: doesnt require you to study years for a license, the skill needs to be learnable in hours
  3. Recurring: something that the clients will need on a recurring basis, 1/2/3/4x per month
  4. Scalable: not hard to hire someone to train and do the job

Today’s idea: grass cutting

  1. Low barrier for entry: this cordless grass cutter costs less than a fancy dinner; and this cordless lawn mower costs less than two fancy dinners. Put them in your car and you’re good to go.
  2. No special skill: grass cutting and lawn mowing DEFINITELY don’t require a license or years of training – start by cutting your own and maybe a couple of your friend’s lawns to get the basic skills of handling, and you’re good to go.
  3. Recurring: Grass and weed will grow again and again, which means that it’d need to be cut again and again, which ka-ching, means that you can earn money again and again.
  4. Scalable: It’s definitely easier to hire and train technicians to cut and mow grass for your clients; yes, people would be happy to work for you as employees as you deal with growing the business and acquiring more clients, but we’re jumping the gun here.

How to get your first 3 grass cutting client?

This is the key to get your business started, and you can definitely just start off on weekends to keep your day job. Some ways you can start getting clients and leads:

  1. Message a bunch of your closest buddies and ask them to refer someone, something like this: “hey, I’ve started a lawn mowing / grass cutting business and I’m looking for clients who wants nicely trimmed lawns, can you please refer a neighbour who’s too busy to cut their own grass? Sweeten this deal by offering a special deal to them for example: refer x number of clients and I’ll cut your lawn for free this month.
  2. Do the same on social media.
  3. Knock on your neighbourhood doors and tell them directly: “Hey it’s me, my name is ____ and I live in this neighbourhood. I am starting a grass cutting / lawn mowing business and my rate is $X. Would you be happy for me to cut your grass this month?” Sweeten this deal by offering a “free trial today” by giving 1 free full lawn mowing / grass cutting and pay for 2nd one onwards.
  4. Location bundle, if you already have a client scheduled for a date, reach out to the neighbours in the area and let them know that you have a grass cutting appointment on that date/time, and if anyone would want a session, then you’d be happy to do a bundle discount since you’re already in the area.

There’s more ways to grow your side hustle too, but start with these.

Rich dad’s #1 lesson that made me $1,000,000+ (will make you rich)

I stumbled upon Robert Kiyosaki’s Rich Dad Poor Dad book in my 2nd year of my occupational therapy diploma studies, when I was in Ratna’s place doing group work or some assignment. Somehow, I just saw it and it stood out to me. Without thinking, I immediately blurted out to her if I could borrow it from her, and she graciously said okay.

That was the beginning of a money change in my life.

You see, I grew up in a poor to middle class family, and I dont tire of telling this story. I have very loving parents and siblings, and we love each other. But I remember growing up seeing my parents fight over money, there was so much money stresses and strain. My dad would loan money to pay for stuff, but we manage by. There was not much money talks, so watching them was sort of front-row seats of my learning.

In school, I realized I too started borrowing money from my friends whenever the month-end was too far away, and that happened almost every month (thanks Pei Fen and Julia) for helping me all those years. I was embarrassed to have done that, but I realized it’s something

Monkey see monkey do

Rich dad’s #1 lesson that changed my life

It’s just “an” idea, that assets put money into my pocket or bank account. So, the natural conclusion is that I need more and more assets to put in more and more money into my pockets. The simplicity worked for my simple brain, especially when financial intelligence was a new concept to me.

Robert then expanded that point, on how he went into entrepreneurship because he’s not super smart to become a doctor (I could relate to that), and not talented enough to become a highly paid actor or entertainer (well…dang, me too). So it’s entrepreneurship for me too, which led me to start my entrepreneurship journey.

First, as a freelancer, then as an agency owner, then a clinic, then a clinic chain.

This allowed me to

Earn more

Earning more has always been helpful.

It’s a stark difference of earning $2000/month (and taking home $1700+) as opposed to my first month as freelancer where I took home $4800. I will NEVER forget that feeling of amazement, disbelief, and this sense of hope. I knew that if I could do it once, I can do it again and again.

Then I leveled up, instead of just earning $5K/month freelancing as a freelance therapist, what happened if we opened our own clinic? We didnt have the skills or knowhow, but we were willing to learn, and then we started earning $10-20K+/month, with a clinic. Then multiplied again when we had people joining us. Then multiplied again when we have 2, 3…and more clinics.

Investing

Robert was (still is) very big into

  • real estate
  • teaching and intellectual property books / boardgames
  • precious metals such as silver and gold
  • and more recently, cryptocurrency

He taught me broadly about the idea of investing, and after we started earning more, we started to look at what and how we can do more when it comes to investing and working our hard earned monies even harder. This is a skill that I’m improving and honing everyday, on top of running and growing my businesses.

I’ve since gone for other courses and books and courses, but I wont forget this very first book. I still pick it up once in a while, and it’s a great gift to give.

How to start a business fast (as fast as this week)

I get asked:

  • how to start a business
  • what kind of business to start

I find this is the easiest part of any business, because I’ve so many business ideas that I dont have the time or energy to do them all.

Let’s simplify:

All you need is to find your first paying customer.

Your website doesnt matter.

Neither does your business name.

Or how you look on a social media site.

Or if your business card looks okay.

Those are just busy stuff, and not as important, in fact those are distractions.

It doesnt matter what business you’re entering.

  • Lawn care
  • Tutoring
  • Car detailing
  • Baby sitting
  • Pet sitting / walking
  • Etc

What I’d do is to reach out to my network and make an offer

And see who is interested.

An example template.

  1. text / call / message / blurb on social media / neighbourhood and say this
  2. I’m thinking of doing this, and what I’m offering is this service for this outcome
  3. do you know anyone who would want me to do this

Let’s apply this to lawn care / grass cutting

  1. text / call / message / blurb on social media:
  2. Hey I’m Nigel, I’m starting a grass cutting business, and I’ll keep your grass at a nice trim length; and get rid of all your weeds. All for X dollars.
  3. Do you know someone who’d like that?
  4. Bonus: throw in first session for free (sales and marketing)

Try that with other niches or business ideas, whichever you’re more interested in.

Once you get your first paying customer, you’re in business baby.

How smart men invest (what you can do today)

Smart men always, always invest.

Always earning and looking to earn more.

You’d have a regular income be it from employment and/or entrepreneurship. It’s an ongoing thing, which you can split into

  1. spending (essentials and luxuries)
  2. investing

You’d be looking to keep increasing your monthly take home and bonuses by increasing your skills, experience and responsibilities over a period of time.

Always trying to increase the amounts saved and for investing every month.

You’d try to squeeze out as much into savings and investments which you can then use for mid and long term investing

Prioritize safe investing approach

80%+ into conservative and “safe-ish” investments such as

  • broad based index funds
  • rental properties
  • public listed dividend stocks

Conservative and safer investments usually brings about conservative and safe-ish returns, between 5-10%. Which is pretty decent, and I gear it this way because the bulk of my hard earned money shouldnt be gambled – it’s meant to work like a machine, day-in-day-out to increase its returns and value to me.

20% into higher risk, higher return

  • growth / tech stocks such as Apple, Google, Alibaba, Netflix, Facebook (Meta), SEA etc
  • cryptocurrency such as Bitcoin, Ethereum, Cronos, and so many other blockchain projects
  • some % into low caps

Growth / tech stocks and cryptocurrency / blockchain projects are pretty similar: they do very well in bull markets with lots of money, but conversely, they can get punished and pummelled badly in bear and down markets. Same goes for low cap which is the highest risk of them all, but with the highest potential returns too.

The goal is a balance trinity flowchart of getting richer by

  1. constant earning more
  2. constant saving more
  3. constantly investing and reinvesting more into conservative and higher return investments

Rinse and repeat until you reach your desired amounts, and even then, dont stop – keep going.

Saving alone wont make you rich (what you need to do instead to get wealthy)

Being able to save money and manage your spending impulses is a powerful ability, and yet it’s “only” one-third of the wealth equation.

What’s the other two thirds?

Well, barring

  • being born in a rich family
  • marrying into money
  • hitting the jackpot

My other two thirds are tried-and-tested truths:

Ability to earn more

I’ve said this before:

there’s only so much you can save

Yes, saving is a powerful ability, but there is one big, big problem with it: there’s a ceiling cap on how much you can save, because saving is based on your actual earning and spending.

I’ll give you an example: if you earn $3K and spend $3K, all you can cut back on in savings are max $3K (before deducting expenses for essentials such as roof, food, transport etc). In the end, it’d still be within the $3K.

BUT, and it’s a biiiIGGGGG but, when it comes to earning more, there is no ceiling. If you start a side hustle, you may earn $100 in the first week, $350 in the second and up to $1000 by the end of the month. You can scale to $3K/month and even higher, grow the business (or not, depending on your preferences) and going up to $10K/month and more too.

You get to network with different individuals, perhaps even find deep meaningful work too.

That’s what I like about entrepreneurship and side hustles – there’s no limit, once you get past the first hurdle of starting and staying the course. I spend most of my time here.

Ability to research, invest/reinvest and be patient

The last and equally powerful ability revolves around investing, basically referring to the ability to getting all your hard earned (and saved) money to work harder for you.

It’s about making your $1000 earn another $1000+++ and more for you, and not losing your principle investment as much as possible.

Why these 2 skills are equally (if not more important)

  • counter inflation: prices are going up and every $100 you save today will become less valuable next year (due to rising interest rates and inflation, causing prices to go up)
  • building passive income from your hard earn money will provide you cashflow which you can use for daily expenses and reinvest to make your investment returns work even harder for you