Money, Wealth, FIRE, Cashflow, Passive Income & Assets

I find that it’s really hard to enjoy life, grow personally, explore interests or master my inner game if I’m constantly busy, tired, stuck and frustrated with long working hours 6-7 days a week, dealing and maneuvering around corporate political games etc.

I end up just being too damn tired to do anything, and would just end up rotting on my couch, sleeping in as opposed to pursuing things that I’m interested in.

I think that’s the ploy of evil corporate – keep us distracted and tired on the hedonistic treadmill, working our lives away until we’re too old to pivot or enjoy life.

Nope, not for me.

The focus of this section is about sorting out your personal finance and money to free up your time as early as possible in life so that you can focus or explore for what matters most to you.

  1. For some people, they need to spend less time at work chasing meaningless work that leads them nowhere but unhappiness.
  2. For others, it may be about spending less, scaling back to focus on what makes them happier.
  3. For another group, it may be about earning more with a side hustle or entrepreneurship; or take your business higher

Note to self: My entrepreneurship journey since 2008 accelerated (and still accelerates) my personal and business development skills, as well as help me to gain confidence, earn more and invest the surplus profits into passive income investments.

Let’s define, discuss and understand more on these topics:


Money is simply a tool and measure of value that is useful. We use to to buy things we need or like, and it’s easy to use money as a measurement tool – that’s why most of us get paid in money.

Money by itself is apolitical and has no values, but it amplifies the nature and character of the owner/user eg a good person tends to use money for good/neutral purposes whereas a bad person tends to use money for bad/neutral purposes.

Transformative Money

Money itself is “just” a currency, but the process (the how and the experience) of earning money is equally if not more important than

  • owning money
  • receiving or inheriting money

This is because of a few reasons:

  • The process of earning money gives us a sense of satisfaction and gratitude as we provide and create a good or service that is valuable
  • We also learn how to value, store and manage money whilst we earn money
  • This creates a skill and experience which is repeatable and teachable


Wealth refers to the amount of time you can sustain your livelihood without working for new income or inflow or money. Ie it’s how much money you already have on hand.

That’s why “generational wealth” refers to wealth that can pass to the next generation.


FIRE refers to “financial independence, retire early” movement where people aim to retire as early as possible with financial independence.

There are 2 types of FIRE:

  1. FatFIRE means to retire with a fat chunk and amount of investment, wealth and cash or stocks (usually more than $5M+) with no worries about ever going back to work.
  2. LeanFIRE is retiring with “just enough” or “slightly more than enough”

I subscribe to LeanFIRE in favor of time, because its much easier to get richer or FatFIRE when we have more free time and/or happier.

Retiring Early

Retiring early or as early as humanly possible is a very important thing to do and achieve.

The reason for this is not just to sit around and do nothing (which you can do for a while, but it does get boring after a while) – the real goal of retiring early is to free you up as early/young as possible so that you can focus on stuff that matters to you.

NOT retiring at 70 years old, tired, sick and no energy to do anything.

Retire earlier, ideally in your 20s or 30s (or as early as you can), and build / explore the kind of experiences and life that you want:

  • become rich (or ultra rich)
  • marry or spend time with your loved ones
  • take care of someone close who is unwell
  • study a course you’re interested in
  • travel
  • etc

Read more on early retirement here:

Cash Flow & Passive Income

These two are sort of similar but different.

To me, I see them as:

  1. Cashflow is the inflow of revenue and profits to businesses (offline and online).
    • Positive cashflow refers to profitable / profits
    • Negative cashflow means your business is bleeding or losing money.
  2. Passive Income is income from dividends stocks, intellectual properties and royalties to individuals

We all need income to live, so the understanding here is to create recurring streams of passive income that will pay for all our living expenses and more.


Assets refer to any investments or businesses that generate profits and put money in your bank account and pockets. Assets can be:

  • a traditional brick-and-mortar business
  • an online business
  • intellectual properties such as music, patents, trademarks, digital products
  • rental properties
  • etc

Anything that makes you money on a consistent basis is considered a positive cashflow asset, and your goal is to learn to build and/or acquire assets where the profits is more than your living expenses.

Entrepreneurship The First Option For Me

Entrepreneurship is a very intense process of learning to start, build and grow businesses to become a profitable brand and business. It has so much benefits which includes:

  • earning more
  • personal and professional growth
  • building a brand and equity
  • meet more like-minded people
  • build a company with good values that I care about
  • discovering meaning and purpose as you and the business / brand grows
  • fun
  • etc

Read more benefits of entrepreneurship here.

It is my main answer to accelerate how much I earn because when done right, I can scale as high and as much as I want to / can…and that helps me to build the kind of lifestyle and time freedom that I want.

Another Way To Free Up Money & Time: Cut Expenses

Entrepreneurship, business and side hustles are not for everyone, and I get it – the other option to free up time is to scale back on lifestyle and living expenses that can be removed, such as:

  • entertainment subscriptions
  • regular or yearly changing of mobile phones, watches, cars and other big ticket items
  • eating out 2-3x a week instead of 5-7x a week
  • renting a smaller space or a space further away
  • etc

Some can even work less days a week eg 3-4 days a week instead of 5-6 days a week with this.

The downside to this approach is that there is only so much you can save but the upside is that you can do this almost immediately.

Where To Next?

  • If you’re new here, do subscribe to my newsletter – no spam and just my best stuff. Unsubscribe anytime.
  • Go to the Start Here it’s created to be my good success and life thesis, so it’s very content heavy (Read: lots of words and links to resources, write ups and videos). It’s constantly updated too with new data and updates as often as I can.
  • If you like videos, head to All Videos – all the latest (and all) videos are uploaded there.
  • Visit the Blog to read the latest articles and videos. You can see all / my entire list of previous articles here: Archive
  • Head over my Resources page to see the curated products and services I use / have used to improve different aspects of my life be it business, relationships, health and more. Note: recommendations in may be affiliate links, which means I may get paid if you choose to buy through my affiliate link.
  • If you’d like to ask me any questions, head to the Questions/Ask Nigel section
  • Contact me if you like to thank me for helping you in some way (please, always tell me – it’s such emails that I truly look forward to), interview me, ask me to try a product, or media inquiries.
  • If you like my work and want to support me / my cause by giving a tip / donation or choose to buy stuff at my products and tool page – thank you for your support. You keep me going.