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2016 December 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 BUSINESSES (PIIB): USD 37.42

Income

Xtend Life Natural Health Supplements USD$ 62.32

  • 12th December 2016: USD 7.18
  • 12th December 2016: USD 23.56
  • 22nd December 2016: USD 8.12
  • 23rd December 2016: USD 44.20
  • 27th December 2016: USD 6.53

SellHealth USD

Amazon

USD

Wealthy Affiliate USD

Aquasana USD

Expenses

Site Build It! (SBI) USD 0 (read my SBI review here)

Wealthy Affiliates USD 24.90

A few things here for this month:

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.

I am feeling myself being overly stretched with more than 10+ websites both under Site Build It and Wealthy Affiliate, and it’s time to cull out some distractions again. I will write more of this in a separate post.

PASSIVE INCOME INVESTING (PII): SGD 2348.50

  • K1 Ventures SGD 120.00
  • K1 Ventures GSD 450
  • Accordia Golf SGD 379.75
  • AF Global Distribution SGD 500.00
  • AF Global Dividend SGD 400.00
  • TTJ SGD 255.00
  • Asian Pay TV SGD 243.75

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).

CONCLUSION

This month both my internet business and dividends have a payout - it's always nice when I make money especially when I serve others well and have selected a good dividend company to invest in.



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Books I'm Reading

Holy Bible

Tribe Of Mentors

Seneca Letters From A Stoic

Seneca On The Shortness Of Life

See my full book/read list here.

Blogs I'm Following

Tim Ferriss

Pat Flynn

Tony Robbins

Ramit Sethi

Personal Goals

SGD 2,000,000 invested in dividend stocks with average 5% returns per annum by 45

SGD 2,000,000 in cryptocurrency

Owning, affording and living in a landed property in Singapore (or relocated to another country without worry of money) by 40

Publish at least one book by 40 years old

Online businesses serve readers and clients well (ie readers make more money, have happier/freer life etc), and website makes SGD 10,000 per month

Ongoing: spend more quality time with children, wife, family, bible, God.