A few days back, I wrote My Ultimate Passive Income Lifestyle Blueprint, which is my tried-tested-and-refined philosophy and strategy to building and living a passive income lifestyle.
It didn’t contain any tactics.
It just has 3 basic rule-of-thumbs, which is:
- Cut your unnecessary expenses aggressive
- Earn more money/income
- Optimize savings/earnings by investing for passive income
It didn’t require luck.
Nor does it require lots of money.
What it DOES require, however, is:
- the three items above
- consistency
- patience
Nothing more.
And that’s what this article is about: not complicating things. Building and living a passive income lifestyle has two key components to it:
Passive Income + Lifestyle
It can be easy to become bored, because passive income, once you start it, you realize it’s pretty boring. I mean, take my dividend stocks. I KNOW every year, plus minus, I’ll get a range between 4.5% to 7% return on investments.
I take the dividends and reinvest them.
I got surplus from savings and businesses? Sure, I invest them into my dividend stocks.
There is nothing large and sexy about it, and it is dead boring: and this IS the key to passive income which I’ve realized. And this IS ALSO THE DEADLY part, and that is we humans sometimes can’t stand boring and predictable.
We want some excitement and zest and LIFE!
And I realize it, and I acknowledge and appreciate it…hold on, there’s is a BIG BUT coming up…
…I WANT A FAT ZERO AND BORING AND PREDICTABLE AND RELIABLE AND CONSISTENT AND SAFE RETURN ON INVESTMENT ON ALL MY INVESTMENTS.
This is MY truth of the matter of passive income
The reason for this is because the more safe, predictable and reliable my passive income returns, the more I can LIVE THE LIFESTYLE of passive income lifestyle.
The thing is this, my passive income flow funds my passive income lifestyle.
I certainly do not want any risks or fluctuations to come from my investments, not an iota or cent.
Where I “scratch” my itch for zest and excitement and sexy stuff is in my businesses, where I think and crack my brain about how to improve businesses, life, and running.
And that’s how I “hold” myself together, and this approach has been working fairly ok.
And once I get these three in order
- Cut your unnecessary expenses aggressive
- Earn more money/income
- Optimize savings/earnings by investing for passive income
…then I will focus purely on earning more income, because that will be the core multiplier that I am strong in, and working on my strengths, that is what I will focus on more.
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JOIN ME IN INTUITIVE, LOVING, GENTLE AND GOOD SUCCESS AND SELF MASTERY THAT ACTUALLY MATTER. NO HYPE. NO BULLSHIT.
Hang around here for some time, you’d see that I don’t well with hype or bullshit. I can smell that typically a mile away, and I hate that shit too.
I’ve been working on myself and on NigelChua.com for years, since 2006, and only in late 2019, I started to focus on intuitive and loving leadership, entreprenership and personal development.
Here are some areas that I work on a consistent, ongoing basis.
See the Tools & Resources I use to improve my life, businesses, health, build passive income and more.
The core topics I cover in NigelChua.com is:
- Eternal life and salvation: Jesus Christ is the Way, the Truth & the Life
- Fix your health: get healthier, live longer, run faster, more energy, fuck more
- Passive Income Lifestyle: Become financially secure by building assets that provides multiple streams of passive income that’s more than your living expenses
- Personal Loving Relationships: Attract, build and grow relationships you love
- Philanthropy: giving to the poor and needy
- Philosophy: Conscious, purposeful and positive living
- Productivity: How to become more efficient and productive in important things. Mastering them causes you take less them whilst increasing productivity.
- Insure yourself and your loved ones (Health insurance is important)
- Add-on Adventures: Become rich and wealthy
- Add-on Adventures: Build businesses that add positive value to your society and life
- Success Principles
Take action TODAY: One year from today, you’ll be one year older. What would you have done by then?