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2016 October Passive Income Report

Every month I try my best to compile all the income and expenses that I occur in my pursuit of building and living the passive income lifestyle and please understand that I didn’t get to where I am overnight or through miracles – it is an ongoing progress, and has been a long road filled with lots of hustle and my fair share of mistakes. And yet, through persistence and passion and continuous focus for progress, I’m slowly and surely building something amazing for myself, my family, for you to learn here in NigelChua.com

Passive Income Internet Business

INCOME

Xtend Life Natural Health Supplements USD$ 17.94

  • 31st Otober 2016: $6.20
  • 18th October 2016: $5.78
  • 10th Otober 2016: $5.96

Amazon $7.98

  • 13th October $7.98

Aquasana $12.86

SellHealth USD 0

Total Online Business Income USD 38.78

EXPENSES

Site Build It! (SBI) USD 0.00 (read my SBI review here)
Wealthy Affiliates USD 24.90 (read my Wealthy Affiliate review here)

Total Expenses USD 24.90

Nett Online Business Profit: USD$ 13.88

A few things here for this month:

  • I added Amazon and Aquasana affiliate links to my website a few weeks and months back, and some sales trickled in
  • You’d realize that my cost for Wealthy Affiliates went down from $29.90 per month to $24.90 per month, and this is because I’ve signed a Black Friday deal with them that decreased my yearly cost from $359 per year ($29.91 per month) to $299 per year ($24.90 per month)

I’m gradually cutting out Site Build It-powered sites for my affiliate sites, and I conclude that Site Build It is super for professional service sites which have done very well for my physiotherapy business. I will maintain my SBI-powered therapy sites, but future affiliate sites will all be powered by Wealthy Affiliates/WordPress.

Over all, my online business income dropped in this month quite significantly, but I’m still ok with it and overall I’m positive and hopeful that it’d grow and this is just one of the down times as I’m busy with other offline projects.

Passive Income Investing

  • Global Investments SGD 562.90

Total dividends received SGD 562.90

It’s a nice month of dividends, and always look forward to receiving dividends from the dividend stocks that I’ve been investing over time with. This is the most passive form of investing in a sense that once you’ve researched which dividend stocks are stable and reliable, invest in them consistently and reap the dividends over time (here in Singapore, it’s linked to my personal bank account so the dividends are wired directly into my bank account).

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