How to build your passive income lifestyle starting today

How to build your passive income lifestyle, beginning today

The passive income lifestyle is a lifestyle where your passive income, be it passive rental income, passive dividend income, passive business income; is more than your living expenses.

It is a very, very nice place to be in, and not only does every passive income feels so nice, it also works to lifts up so much of my pressure. Frankly, there are a lot of ways that can lead you to the passive income lifestyle (so many investment vehicles, types, opportunities), but I dont want to create more work or complexities for myself.

To me, it has to be “true” passive and simple to maintain, so I simplified the basic passive income lifestyle concept to be boring but systematic:

  1. have a steady day job
  2. save as much as possible
  3. invest aggressively into dividend stocks that pay you at least 7.5% per year (ideally 10% and above) consistently
  4. reinvest majority of dividends
  5. until your portfolio’s yearly dividend passive income is same or more than your yearly living expenses.

That’s it.

The 3 biggest factors that will impact your passive income portfolio

They are:

  1. how much you can invest regularly (this depends on how much you earn and spend)
  2. how much is the rate of return of your passive income (ideally 10% per year but 7.5% is decent)
  3. lastly, time

Time plays the most powerful compounding effect. Albert Einstein quipped, saying that compound interest is the 8th wonder of the world, and I agree.

Compound interest, simplified

Compound interest is basically how your money grow with interest return + time.

Let me show you a basic example: say you can invest $10,000 a year ($833.33 a month) into a dividend stock that returns you 10% per annum; and you reinvest every dividend return.

  • Year 1: Invest $10,000 + 10% = $11,000 end of year
  • Year 2: Invest $10,000 + $11,000 from previous year + 10% = $23,100
  • Year 3: Invest $10,000 + $23,100 from previous year + 10% = $36,410
  • Year 4: Invest $10,000 + $36,410 from previous year + 10% = $51,051
  • Year 10: $159,310.50
  • Year 15: $317,597.73
  • Year 25: $983,077.21
  • Year 50: $11,634,429.65

Instead of plain saving $10,000 x 50 years = $500,000; you can get a much bigger amount with compounding interest.

Start your basic passive income lifestyle today

  1. Save as much as you can
  2. Start investing into dividend stocks that gives at least 7.5% per year
  3. Continue investing and reinvesting the dividends

It takes time for compounding effect to work its magic, and the more time you have, the more it’d work wondrously in your favor…but conversely, the less time you have, the more obvious the shortfall. Eg a person who has 40 years to invest has a lot more time-based benefits compared to someone who only has 10, and that’s why because I dont have high earning capacity as high income professions such as doctors, I knew I needed to start a business to level up.

If you want to level up to earn more, retire faster

Then you gotta earn more.

For most people who have time on their side and have a good chunk to invest monthly, they can take their time to invest regularly, ie dollar-cost-average (DCA) into stable dividend stocks. It is a good way. I take this approach one level up with my businesses which serves to help me accelerate my earning rate (it’s fun and complex too ehehe)

Quick money side hustles

These include the low-hanging fruits of app-based works such as

  • driving for Uber, Lyft, Grab
  • sending items with DoorDash or similar
  • pet walking / baby sitting
  • etc

These are the kind of work that can help you earn an extra $50-100+ a day on your schedule, as part of your routine.

Learn high income skills

High income skills are skills and work that are higher value, such as

  • property agents / realtors
  • insurance agents
  • copywriters / direct sales
  • trade skills such as plumbing, electrical

and can typically earn you $100k/year.

Scale up businesses

Scaling up a business means to grow, hire and delegate, but before we go there, let me first say that it’s not always a necessity. It’s wayyyy more complex and difficult, but of course, has the most potential. Not everyone is keen or hungry to scale up businesses, and that is fine.

An example of scaling up a physical business is if you’re a realtor, you can consider recruiting a team of 5-10+ sales agents under your belt, where you then train them and lead them to grow their own businesses under your business. The upside is that you can multiply your income exponentially…when done right.

When done wrong, it can mean you working 24/7, tired and burnt out. Or lose money.

Normally, I recommend people to either do something low-hanging such as the quick small wins type or building a $100k+ per year freelancing business, because it’s less complex. If you want to do something that can scale, you can consider starting a blogging business where it can cost a few hundred bucks a year on the side.

Blogging is a publishing business where it can become a powerful passive income business with scale, but it does take a lot of time (at least a minimum of 2 years+) for it to take traction, build followers etc. The goal is to build a good enough following who likes what you write and do, and then monetize by display ads and creating products that help your followers.

I use this platform to learn how to build my profitable blogging business.

Invest the profits from businesses and side gigs into dividend stocks

The profits I use to invest into dividend stocks (mainly as core) as well as some into high-risk-high-growth investments such as crypto. Profits from high-risk-high-growth investments are taken out to decrease risk and invest into more dividend stocks and pay for primary home.

Rinse and repeat.

Easiest $100 passive income stream you can create

There are just so many ways to create streams of passive income, but my favorite way of passive income is still the good ‘ol dividend stock passive income.

Dividend stocks are public-listed company stocks that make regular distributions to their shareholders, usually in the form of cash payments.

How dividend-paying stocks work

  1. their share price is X dollars
  2. they pay a dividend per share you own

That’s it.

Example: Company ABC whose stocks pay out $0.25 per share, if you own 500 of their shares, you get paid $125. Usually dividends are paid twice a year (bi-annual) or four times a year (quarterly).

Beautifully simple passive income strategy

  1. buy and accumulate dividend stocks
  2. reinvest at least 50% of dividends
  3. keep buying and accumulating dividend stocks
  4. UNTIL your dividends per year are more than your living expenses

#1 problem of dividend stock investing

You need to have a big chunk of it to work (because the returns are 3-7%+ per year); so depends on how much you spend, you may need more. Say for example, if you spend $4000 a month, then if the returns of the dividend stock is 3% per year, the amount you need invested will be

($4000 x 12) / 3% = $1,600,000

No one has $1.6M lying around eh. It’d be nice, but most regular folks wont have that.

But if you only need $2000/month, that’d mean you “only” need $800,000, which is a lot more easy compared to $1.6M. Maybe you work part time to supplement the $2000/month, or you just spend much lesser.

4 ways to play the game if we dont have that big chunk of cash

Time.

Compounding interest works most magically with time, so the longer time you have, the more it can work its magic.

Example: Sally invests $1000/month for 30 years versus Adam who invests $2000/month for 15 years, will they yield the same amount? Assuming dividend yields are 5% and all dividends are reinvested:

  • After 30 years x $1000/month x 5% per year reinvested, Sally will have: $837,129.48
  • After 15 years x $2000/month x 5% per year reinvested, Adam will have: $543,779.80

Interesting right? It’s all compound interest magic…that runs on time. So invest as early as you can.

Earn more

You can invest more by earning more, and one of the low hanging fruits are to negotiate for a higher salary. If you’re underpaid, it’s easier. Or look for what your competitors are paying in the industry, and switch.

If not, the other options are starting a side hustle:

  • quick money can be done by app-powered hustles such as Uber, Lyft, DoorDash and similar offerings
  • starting a blogging business is highly recommended, but man, it does take time (at least 12-24 months) and consistent action for it to yield good returns.

Save more / spend less

Saving more is doable when you have a lot of unnecessary spending already, such as if you’re already paying $3000 for monthly car installment, and then yes, you can either refinance or sell the car for a cheaper second hand options or take public transport.

This approach unfortunately do not work with individuals who have just enough.

Another method, is to look for higher yield dividend stocks

Instead of 3% return per year, can I get 6% per year? Or 10%?

If Sally invests:

  • After 30 years x $1000/month x 7% per year reinvested, Sally will have: $1,212,876.50
  • After 30 years x $1000/month x 10% per year reinvested, Sally will have: $2,171,321.10

Big difference.

Then what?

Keep building more and more of that $100/month passive dividend income streams.

Yes, you can enjoy some of the dividends along the way (at least 50% of dividends should be reinvested, to grow your nest amount as well as counter inflation.

Keep going UNTIL you reach your passive dividend income goal.

Why this person earns $12500/month but is miserable and wanted to die

My friends shared this article and I wanted to discuss this case study with you.

So according to the article, he earns $12500/month and he says:

  1. he lives paycheck to paycheck as there are lots of things to pay for
  2. when compared to his school mates, he’s doing well but in the tech industry, he’s at the lower end
  3. he thinks most jobs are going to be the same: stressful and fast paced
  4. thought about dying but dont want to be irresponsible for aging parents

What I will do if I am in his shoes earning $12500/month

I’m gonna put myself in his shoes and make some assumptions (I am NOT a psychologist) and this is based on what I’d do from a personal finance standpoint:

Hardcap spending to max $5000/month

He said that he lives paycheck to paycheck because of

  • mortgage loans
  • insurance bills
  • medical expenses
  • rising cost of living eg food
  • etc

I will revise all the expenses, and cut down aggressively.

  • If I live in a condo that takes a big chunk of my pay, I’ll downgrade. A HDB is fine. If I live by myself, co-living is not bad too.
  • If I have insurance that I dont need, I’ll cut back and downgrade
  • Medical expenses may need to be refinanced
  • If I eat out $2000/month, surely I can cut back to $1000/month?

I dont know the details, but that’s some rough idea.

The budget will be $5000 all in so that…

$7500/month to be invested into dividend paying stocks

Assuming

  • invest $7500/month
  • dividend stocks pay 8% per year
  • reinvest every single dollar

In 5 short years, I will have $570,233.61. At 8% dividend yield, that’s $45,618.68 in dividends a year, or $3,800 a month of decent dividend passive income. I can live comfortably in a cheaper country such as Malaysia or live a bit more frugally in SG.

In 10 short-ish years, I will have $1,408,093.87. 8% per year is $112,647.51 which is $9,387.29. Based on hardcap $5000/month spending, I can retire on $6000/month and still have $3,387 “spare” to reinvest.

Note: it is likely when we stop working, we spend significantly lesser because we spend lesser on conveniences and transportation. Think about it.

Food in town hawker is about $8-10 a meal, with drinks; cafes around $20 and restaurants between $30-50. Watching a movie $15+. If we work part time or are retired, we’d likely be lessed stressed, which means less inclined to spend on conveniences like paying for food outside.

  • We may cook more at home.
  • Go for long walks or enjoy activities in an unrushed manner that doesn’t cost much.
  • We may even watch shows on computers.
  • We wont need to rush around in taxis or paying to rush food delivery.

I’m not saying to be a recluse when we retire, but I anticipate our costs just goes down significantly, and we may need less than we currently spend.

Burnout, stress and mental health

He probably

  • is stressed from the fast paced work and pressure
  • comparing to others down and up of him
  • feels stuck

Like I said earlier, I’m no psychologist or mental health therapist.

I’m also not going to say the cliche thing of “ah, you just gotta stop comparing” – it’s not so easy to stop that. It’s human nature.

I do think that he feels lost and that “it’d be like this forever”…because he doesnt have a personal finance and early retirement plan. That’s why , I’m pushing for you and me to do something that we can do:

  1. save more (flat amount OR percentage) of income including bonuses
  2. chuck all those into dividend passive income stocks
  3. spend some dividends BUT reinvest most of those delicious dividends until your yearly dividends is significant enough to retire on

The reasons why I focus on this

Happiness not included in office/work

I dont assume that work or being in office will make me happy. If it does, great. But I assume work may never make me happy (who dies thinking of “I should have worked more…?” anyway). So I will not link happiness to work.

Optimize for dividend passive income

I assume happiness and contentment may be outside of work, so what I will need to do is to build a passive income portfolio that will pay me continuously, so I can choose to not work and instead, pursue projects and people that may be of interest to me.

Will it bring me happiness? I dont know. I can just explore and find out.

Regardless, once my dividends are more than my living expenses, I can then choose to work less, retire, change job or pursue other stuff that I may be interested in. Maybe draw, travel, marry, who knows? Maybe even when I’m financially independent and free, I’ll still be working, just that I’ll be more selective of the people and projects I want to be involved in and with much less stress.

The key here is I want you to take the steps to continue building streams and streams of passive dividend income from your salary. And reinvest all the dividends until the dividends are good enough for you to have more life options.

PS: dont consider or commit suicide, ever. That’s like choosing a permanent solution to a temporary problem…plus there’s so much things to do, places to go, people to visit…or even things to discover in life.

What do you think? Share you ideas in the comment below.

Top 10 Cars Millionaires Drive [not what you think]

Most “regular” millionaires don’t drive supercars like Ferraris, Porches, Tesla and other performance cars.

What they do drive are

  • regular cars like Volvo, Toyota and Buick
  • 4- or 5-year old used but reliable cars

Why?

The real question back is…why not?

Firstly, when you buy a new car, the value of the car depreciates 10-20% every year.

That could mean that by year 4, your car can be worth only 20% of what you paid for it the first time (80% capital loss or depreciation). So buying a car that is 4- or 5-year old, that could mean a 60-80%+ discount. Of course the used car needs to be reliable.

So instead of paying $100K for a brand new car, you may end up paying $20K for a 5-year old version of the same car.

Secondly, buying a reliable used car that is 80% discounted means that you can pay it off one-off or take a much smaller vehicle loan.

This means that you either pay zero or very minimal in car interest loan which translates to another layer of cost savings, like a powerful well-time 1-2 from a trained boxer.

Where does this lead you?

End up with more cash to invest

If you save up to 80% on the car price as well as interest on the loan, this allows you to invest more into investments that can appreciate in value as well as pay you a monthly or quarterly income. It’s a positive growth loop.

Conversely, the person who pays in full for a new car, takes a bigger car loan, and repeats it every 5 or so years – how much dividends and capital gains they can miss out? A LOT. This is exactly why

  • some get richer and the rich get richer* vs
  • middle class/poor get poorer

Simply by the consistent actions and decisions they make. Look, I dont want that to happen to you. I want you to be the one that can invest more and more into assets that make more money for you like the scenario in the asterisk*.

My favorite tried-and-tested way to save $1K (and more) every month

Short TLDR answer

  • Step 1: main bank account receives all incoming money
  • Step 2: create digital savings account for one purpose – SAVINGS. No debit card to this account.
  • Step 3: every month when money from salary gets banked in, X amount goes into savings account.
  • Step 4: spend only from main account

That’s it.

I spend from main account only, and whatever is in savings account, I send majority if not all into income-generating-dividend stocks. Not only does my savings happen automatically, it is used mainly to grow my investment portfolio.

Rinse-repeat-rinse-repeat.

I thought everyone does this (because it’s second nature to me), and I realized that I’d been doing this intuitively/logically for years, but it’s not the most natural thing for everyone…because most people’s nature is to either

  1. Spend all they have / can OR
  2. They have too much bills and too little month

The 50% solution for problems #1 and #2

  • Problem #1: Spend all they have / can is more of an impulse problem
  • Problem #2: They have too much bills and too little month — can be a combination of impulse problem as well as not earning enough

I’m gonna write about dealing with impulse-buying.

Personally, I know that I am not very strong-willed, because I have finite energy. When I’m alert and well-rested, I’m super on the ball and I can make the best decisions….but conversely, I realize that I make really, really stupid decisions when I’m tired (such as end of the day) or when I have too much money (eg more than $1K in my bank account).

Some examples:

  1. At the end of the day, my ability to eat healthily goes out the window. One tub of ice-cream? Sure, why not 2? Lol.
  2. When I’ve $1K in my account, I get itchy and wanna spend. And once I’ve spent it, the next day, post-spending clarity sets in and I ask myself: why the fuck did I buy this rainbow sock?

I’ve too many examples where willpower is sexy but it doesnt work all the time. So I’d rather get willpower out of the way and make it a system. Make earning more money or investing more money automatic.

Then my approach will work for you ie automatic deduction into a hard-to-reach bank account. I make it even harder to squander that savings by immediately using the savings to buy income-generating dividend stock.

Well if I’m gonna use it, I’m gonna buy shit that makes me more money right.

Earning more is never wrong

Eemotional/brainless/impulse-buying is one thing, and I can circumvent that to an extent by auto-savings like above.

BUUUUUUUT 50% of the time, most of our money problems will be solved by simply earning more. In fact, let me take it one step higher:

Nothing, and I mean nothing, beats earning more – it just opens up more flexibility and choices be it in spending and investing.

I will write and share in a different post. Today, we’ll just talk about dealing with that monkey/lizard in our brain that just wanna spend and fuck.

4 Profitable Side Hustle That Works in 2022 (my fav is #2)

Earning more is never wrong.

Especially if you’re diversifying your income sources as well as monetizing your spare time instead of wasting it.

#1 Low hanging fruits: App-based services

Think of app-based services such as:

  • Food delivery: DoorDash, UberEats, GrabFood
  • People transport: Uber, Lyft, Grab
  • Parcel/item delivery: uparcel, LalaMove

and a lot more other similar businesses.

The good:

  • You can plug into the gig economy quickly and easily, simply by downloading the app(s) and applying to be a service provider.
  • Once they have approved your application, you can start work almost immediately (usually less than 7-14 days wait) and earn extra money daily
  • You can work around your schedule
  • Get paid quickly

The bad:

  • small-ish amounts

#2 Website + affiliate marketing (my fav)

This is by far my favorite.

The good:

  • you own your own website, which is similar to an online magazine that belongs to you (and no one can take it away from you – it’s your asset that you can grow or even sell or even give to your kids if you want to)
  • no income ceiling – you can earn a lot (there are bloggers earning $10K+ a month and more)
  • you can be as creative as you want
  • you can sell anything…as long as there is market
  • scalable with technology
  • 24/7
  • work from anywhere

The bad:

  • it takes time – at least 18-24+ months to see your first dollar
  • high learning curve (tech can be overwhelming in the beginning)
  • sometimes you can get hacked

It’s one of the hardest type of businesses to build, but it’s worth it when it works.

I learn how to build a profitable online business with Wealthy Affiliate (affiliate link). Sign up for free and no credit card needed – test it, speak to the community there, and then if, and only if, you’re ready to commit to building profitable online business, sign up.

#3 Buy low sell high

This is one of the fastest way to make money, but you need to be in the know. It’s one of the oldest form of business, where you buy (or make things) and sell it for a profit.

Some ideas of things you can sell includes baby wearing wraps and carriers, carpets, furniture, food and drinks (think bakes) as well as collectibles like NFT and pokemon cards.

The good:

  • it works
  • can be fun

The bad:

  • carrying inventory can be stressful or complex (if it can rot/spoil, like food)
  • you will also need to be active in your community, such as FaceBook groups, craigslist, flea markets etc.

#4 Convenient to-you services

This will be my 2nd favorite way to earn more, which is to provide convenient home services.

It can be massage, physical therapy, physical training, nail works, plumbing, electrical, handyman, pet sitting/walking, grass cutting, house sitting etc

The good:

  • people will pay for convenience AND
  • people will pay when they dont know how to do it

The bad:

  • its a service, so you need to show up and do the work
  • you need to collect money

Earn more so that you can invest in investments that can pay you interests and dividends, or to go for holidays and dinners. Your money, your choice.

Your First Million Dollars (what I learnt that you can do too)

I made my first million when I was 32.

Making your first million isn’t luck – it’s strategy, consistent efforts as well as knowing what to do and also, very importantly, what not to do. It’s not that easy, but doable for those who are hungry and willing to put in the time, effort to improve and self-correct.

The 3 core steps

  1. Earning (and earning more)
  2. Spending the same rate or percentage of your income
  3. Taking the surplus to invest regularly and consistently in low fees, low risk investments such as index funds
  4. Accelerators:
    • Starting a side hustle to earn and invest more
    • Taking a portion of the surplus to put into higher risk and returns

The money is nice of course…but it’s also a lot of fun learning, growing, meeting new people and helping others.

The most important factor and start to your first million is to earn more first and foremost (this increases your investing rate) followed by (2) rate of return of investment.

I fell again and again, the first doctor thought I had a stroke! (strong reminder to retire early)

Resources (Affiliate Links)

  1. Get 2 free websites + learn how to build an online business nigelchua.com/wealthyaffiliate
  2. Get a business logo nigelchua.com/fiverr

Falling and falling again

I still remember how I woke up in the morning of 20th May 2022, and as I got out of bed, I fell to my right onto the floor. I thought it was just too early in the morning and “my body hadn’t woken up” lol, so I stood up, but my body and head suddenly lurched to the right side, and I had to hold onto the wall to steady myself.

Even brushing my teeth I had to constantly and actively try to keep my body and head upright straight (kept feeling like it was falling right). Good news is that I didnt feel any numbness or weakness in my right, but to be safe, I told my wife what happened and asked her to bring the kids to school.

Lying down didnt make me feel like I’m falling to the right. Those experiences only came in sitting or worse in standing. It got a little better, and I slowly moved to the cupboard to pack my bag so I can check myself into the hospital.

At the hospital accident and emergency (A&E) department, the nurses there told me that there were no rooms available, in that hospital.

Ugh.

I asked to see the doctor anyway, since I was there already.

He was worried, and checked for sensation, movement, strength, stability. He wanted to do a brain MRI just in case, but I told him I wanted to ward for it but since cant ward as there was no bed, and as I felt about 40% better, I opted to make an outpatient appointment with the neurologist the next day.

Next day, when the neuro assessed me, he assured me that it wasnt a stroke and told me to go home – I was definitely assured.

Reminder To Retire Early

This incident definitely gave me a kick in the ass reminder to not waste time, and to work on my early retirement game plan, and finally execute it.

To stop fluffing around wasting time and get retirement cashflow income and investments sorted so that we can focus on the stuff that’s most important to us.

I dont know you personally, but I can confidently say this – time is the greatest resource, secondly only to love. If you have dreams to love, dreams to pursue things that you care for and are willing to die for, then, as quickly as possible, please, for your best sake, to build your portfolio of income-producing assets.

Make as much as you can, save as much as you can and keep investing in good assets that keep producing income for you and your loved ones.

Salaries will kill your hopes and dreams (here’s what to do about it)

Resources (Affiliate Links)

  1. Get 2 free websites + learn how to build an online business nigelchua.com/wealthyaffiliate
  2. Get a business logo nigelchua.com/fiverr

Salaries Are Dream Killers

Salaries are a drug that many companies use to kill your energy, time, motivations and dreams. It makes it comfortable to keep working for a salary as it pays the bills…at the expense of your hopes and ideals.

I get it, we all start somewhere, and we need to eat and have roof over our heads. I understand. But dont give up on yourself and your dreams – it is worth it to fight for a life worth living.

Do watch the video to find out the 3 ways salaries will kill your dreams, and what the 2 things you can do about it.

Can Bitcoin price go up to $950K with adoption and government regulation?

Disclaimer: crypto is volatile and there are lots of scams out there – you can make a lot or you can lose a lot (or everything). Do your own research – this is not financial advice. I’m just showing what I’m doing, and I’m taking risks on my end too. I’ve been both right and wrong before, so do your research.

How I started in crypto

I entered crypto speculation in late 2017 when my best friend introduced me to it, and of course I was freaking skeptical when I first saw it. I was very cautious of it being a scam as I hadnt really heard of bitcoin or crypto before that (I’m in the offline physical therapy world).

I pored over whitepapers, got involved with different crypto and blockchain projects.

Of course, I definitely got rugpulled a number of times across different projects (the highest risks are with new projects with lots of hype and fluff and promises of high returns).

At the end of 2018, there was a massive crash (or correction?) as bitcoin went I sat on a paper loss of 80%++ – I was so sad and guilty when I told my wife, but I stayed for both the tech and adoption, which I believe will increase the price.

True enough, in 2021, my speculations in crypto sits currently at 300%+ of my original investment amount, and I’m sensing that it should have another good run as governments and regulations on board and after it gets regulated, the returns should be “normal like financial markets”.

Note #:1 regulations usually means that financial institutions, sovereign/wealth funds, pension plans etc will have more exposure to crypto as a whole.

I chanced upon some videos/articles and wanted to share this with you:

  1. Kevin O’Leary: Crypto Will Be the 12th Sector of the S&P https://www.youtube.com/watch?v=gSPSRVDN8l4
  2. Kevin O’Leary: 20% of my portfolio is in cryptocurrencies https://www.youtube.com/watch?v=vqkC_XcxxJg
  3. Kevin O’Leary: Buy The Dip And Chill For 1 Year – They Want To Fool You, Don’t Listen To Them https://www.youtube.com/watch?v=FKqEOFwTO2A
  4. Kevin O’Leary: This Is Your Last Chance To Become Millionaire – My Most Sincere Advice To You https://www.youtube.com/watch?v=5_cyE10Ljms&t=5s
  5. BlackRock, Fidelity and others to invest $400M in USDC stablecoin issuer Circle https://techcrunch.com/2022/04/12/blackrock-fidelity-and-others-to-invest-400m-in-usdc-stablecoin-issuer-circle/
  6. Coin Gecko https://www.coingecko.com/
  7. 2021 financial market value https://www.statista.com/statistics/421060/global-financial-institutions-assets/

I believe that crypto including bitcoin, ethereum, solana, ripple and other crypto/blockchain projects would be regulated soon enough, and that itself will lead to a global increase of crypto market cap value as a whole.

No dang crystal ball

Of course, I dont have a crystal ball though that’d be nice lol, but I am ready to hodl my crypto speculations for a good 5-10+ years and longer. Why this is the case is as crypto becomes mainstream, it’d become “normal” to have, own and use crypto as methods of making and receiving payment =)

Note #2 I made a mistake – I thought the global financial market is worth 105M (see link #7), but it’s actually closer to $460 trillion in 2021. And I hadnt factored in other types of investments such as real estate.

For reference, crypto market cap April 2022 is $1.9T. That’s a conservative 230X comparatively.

What you can consider

For those who want to dip their toes / speculate into crypto but unsure, you can consider

  1. speculating into the top 10 / 50 / 100 of listed coins on coingecko
  2. ask your employer/side hustle jobs to pay you in crypto/btc
  3. invest into companies that have crypto exposure such as Tesla, MicroStrategy, NVidia etc

Remember, direct crypto speculation can be very volatile though is an emerging asset class – do your research and assume you can lose your invested amounts.

I’ll be holding onto my crypto and 5-10 years plus and equally as important, is to cash out (take out principal invested and profits) regularly – makes me sleep like a baby because my loss-related stress levels go down significantly =)

As Kevin o’Leary said in one of his videos: buy the dip and chill.