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Passive Income Lifestyle
What it is and how to build it

The Passive Income Lifestyle is a term I coined many years ago, and it's not rocket science.

Basically it's

creating multiple streams of passive income that's more than your expenses

That's it really.

I wrote quite a bit on passive income, passive income lifestyle and FIRE (financial independence, retire early):

Start your passive income lifestyle journey today.

I've experimented with a lot of solutions, and I found that I only have a few most applicable solution:

#1: Keep your costs ruthlessly low

...so you can save as much as possible.

I don't abhor luxury spending, but I dislike mindless, stupid spending ie spending on things you don't care about. Stuff you care about - budget for them, spend and enjoy them please, guilt free.

But trying to impress people you don't care about? Screw that.

Buying something "just because someone you know has it" - yeah sure it may seem interesting, but if you're not gonna use it, don't waste money on stuff that you don't care about because every dollar you saved and set aside...

Split your savings into 5 groups, 20% each.

Fundamentals on how to build and accelerate your passive income lifestyle

  1. For rainy day savings. Important for urgent, life saving stuff. 20% of savings here.
  2. 20% to spend. Whatever you want. If you want to, you can throw it into #3 and #4 below.
  3. For investments in dividend stocks 20% here (if you want, set aside up to 10% for cryptocurrency and precious metals).

    Passive Income Machine Type #3: Dividend Stock Investing

    Top Dividend Stocks Online
    Invite-Only Forum For Investors & Traders - Bio Forum By Bill Spetrino

  4. 20% into investing into yourself, like going for seminars and courses, or buying books to make yourself better
  5. The last 20% goes into investing into building a business. I recommend building an online business or publishing business on the side of your career or job - it is a highly paid skill that can help you accelerate your passive income lifestyle as there is no cap on how much you can earn.

    Passive Income Machine Type #1: Online Business

    Useful and affordable online business tools/schools:

    Solo Built It     (Review)
    Wealthy Affiliate     (Review)(free to try)
    Jaaxy Keyword Research     (Review) (free to try)

    Passive Income Machine Type #2: Kindle Publishing

    Kindle Money Mastery 2.0
    Best Seller Income BIS Singapore     (Dominic Tay)

Applied example of the passive income lifestyle fundamentals

An example is say you make $2000 per month.

Minus Core Expenses (expenses that you 100% cannot live without), such as

  • Rent
  • Transport
  • Medication

Minus Secondary Expenses You Use But Can Control Costs

Last of this is Luxury Expenses such as

  • Short and long distance travels
  • Buying/changing cars, phones, accessories
  • Fine dining
  • etc

Let's say you have a balance of $1000 - break this into 5 equal groups of $200 each.

  • First $200 goes straight into your bank account. Ideally to an account where you don't have a bank card, or credit card or whatever, and it's inconvenient for you to take it out. Ideally you have to go all the way to the bank to draw out this money so it'd be only when it's an emergency.

  • Second $200 is for you to spend. As you like. Maybe you can break it into 4 weeks x $50 where you can splurge once a week up to $50 for four weeks. Or you can use it once off on an item you've been wanting to buy - whatever works for you.

  • Third $200, plonk it into your dividend stock account and/or crypto account. If you're in Singapore, you can use Lim&Tan (sign up and we'd both get some vouchers). Crypto account you can sign up here.

  • Fourth $200 you can use to buy books, seminars, training and enrichment courses that will improve your ability to earn money, improve your quality of life or health eg massage. You can also use it to learn how to build an online business with Wealthy Affiliate or Solo Build It.

  • The final and last $200 goes into investing into building a business you like and care about. Of course, as mentioned above, I highly recommend learning and building an online business or publishing business on the side of your career or job - it is a highly paid skill that can help you accelerate your passive income lifestyle as there is no cap on how much you can earn.

    Passive Income Machine Type #1: Online Business

    Useful and affordable online business tools/schools:

    Solo Built It     (Review)
    Wealthy Affiliate     (Review)
    Jaaxy Keyword Research     (Review)

    Passive Income Machine Type #2: Kindle Publishing

    Kindle Money Mastery 2.0
    Best Seller Income BIS Singapore     (Dominic Tay)

What's the goal?

Let me show this to you:

Your goal is to create and accumulate Passive Income Machines that brings you streams of passive income, and your monthly passive income streams needs to be more than your monthly living expenses and costs.

That is the basic goal of the Passive Income Lifestyle.

Once you've reached there, you have more breathing space and thinking space. You have more options. Maybe you want to focus on the other Life Priorities.

Maybe it's to spend time with loved ones.

Maybe it's to travel.

Maybe you'd want to earn more.

Maybe you'd want to teach and help others to exit the rat race too.

Whatever it is, the crux of it is to free you from your old ways of being a wage slave, of being chained to something that isn't as important as discovering your Life Purpose and Mission.

Where to next?

A) Take a look at my Books and buy whichever interests you (thank you for your support, I appreciate you!) =)

B) Tools & Resources I use to improve my life

  1. Christianity: Bible Gateway & Verse of the day (free)
  2. Website + Hosting for Small / service business: Solo Build It
  3. Health: 
    a. Men's Daily Pack Multivitamins
    b. Gut Health, Digestion & Probiotics Daily Supplement
    c. VigRX Plus (Bigger, harder & long-lasting erections
    d. Bigger Cumshots & Load (Better visual & orgasms too) 
    e. Brita Everyday Elite Water Filter Pitcher / Jug

C) Topics & things that interest me

  1. Eternal life and salvation: Jesus Christ the Way, the Truth & the Life
  2. Fix Your Health: Get healthier, live longer, run faster, more energy, fuck more
  3. Passive Income Lifestyle: Build financial security by buying & building assets that provides you recurring passive income.
  4. Loving Relationships: Attract, build, grow & maintain relationships you love
  5. Leadership & Fatherhood: Leading by example, communication & consistency.
  6. Philanthropy: Giving to projects & people you care about.
  7. Active Philosophy: Conscious, Purposeful Faith, Hope & Love
  8. Productivity & Effectiveness: Doing what matters most with less and ease.
  9. Insure yourself and your loved ones (Health insurance is important)
  10. Add-on Adventures: Become rich and wealthy
  11. Add-on Adventures: Build businesses that adds positive value to your society and life
  12. Success Principles

D) Visit the Blog for latest articles and updates

E) Back to Homepage

Take action TODAY: One year from today, you'll be one year older. What would you have done by then?


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