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2017 February 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 -17.02

Income

Xtend Life Natural Health Supplements USD$ USD$ 7.88

  • 7th February 2017: USD 7.88

SellHealth USD

Amazon $0

Expenses

PASSIVE INCOME INVESTING (PII): SGD 0

CONCLUSION

Ugh, my online business income is lower than my expenses, so it's gone into the negative territory (- USD17.02) so that means I've made a loss online in February 2017.

On the other hand, my dividend income is higher this month compared to last month (SGD 556.80 in Feb 2017 compared to SGD 0 in Jan 2017), so that's a nice even out.

That being said, I cannot be complacent about my online business just because I have my dividend stocks and my offline business. Frankly speaking, I'm writing this much delayed article on 18th March 2017, much much later than I planned to (I usually write my monthly income reports upon receiving SGX monthly summary) but I can foretell that this will happen more often especially in 2017.

The main reasons for this is:

  • My baby boy is born on 9th March 2017 – took time to settle my offline business etc
  • Some of you may know, my offline business was acquired and I've a 3 year bond that ends 31st December 2017 – yes, this year. And because it's this year, I think and feel that this year may be an extra busy year as we aim to hit our milestones and KPIs etc. Not sure what of the plans after, I'm planning to handle it step by step now.

I do not aim for these two to be excuses, but they're reality to me. Fatherhood takes up a lot of time, and now with a 2+ year kid and a newborn, a lot more time and effort is required. Same for the bond ending this year.

My next goals are to

  1. sell off my Australia rental property and take those proceeds to invest more in Singapore's dividend stocks, to increase my portfolio size which should increase my dividend income by close to 2x, so hopefully I can get $30k per year (in 2016, my total annual dividend was $12k).
  2. increase income from my online businesses, namely NigelChua.com, XtendHealthAsia.com and I've a few smaller ventures that are online and offline that I don't want to mention yet.

join me in success and self mastery. no hype. no bullshit.

Once you 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 a way, 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.

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Priorities I Care About

  1. Personal Salvation: Jesus Christ & God
  2. Personal Vibrant Health & Wellness: Fix your health and get healthy/healthier
  3. Passive Income Lifestyle: Become financially secure by building assets that provides multiple streams of passive income that's more than your living expenses
  4. Personal Loving Relationships: Attract, build and grow relationships you love
  5. Philanthropy: give to the poor and needful
  6. Philosophy: Conscious, purposeful and positive living
  7. Productivity: How to become more efficient and productive in less time
  8. Bonus Adventures: Become rich and wealthy
  9. Bonus Adventures: Build businesses that adds positive value to your society and life

Things I Think About/Mull Over:

  1. Principled Winning: Win-Win-Win For Everyone
  2. Positive, Principled, Good, Character & Value Based Living
  3. Make space for serendipity in your life
  4. Become aware of your emotions, thoughts
  5. Wake Up
  6. Start Where You Are
  7. Optimization, Progress & Growth Mindset
  8. Optimization, Progress & Growth Decisions & Actions
  9. Pareto's 80/20 Rule & Minimum Effective Dose
  10. Majoring on Majors, Not On Minors
  11. Build Success Habits, Routines And Systems
  12. Finding Your Purpose & Living It
  13. First Things First
  14. Beatitudes
  15. Gratitude
  16. Kindness
  17. Forgive
  18. Choose Love, Good And Greater Good
  19. Make The World A Better Place Without Killing Yourself
  20. Faith, Hope, Love
  21. Be Curious
  22. Walk The Talk And Let Your Walk Do The Talking
  23. Walk Away From Things, People And Stuff That Takes Away From You
  24. Do It Now
  25. Factor In Slack/Downtime (You're Not A Robot)
  26. Win-Win-Win (All Win Approach)
  27. Death Is Certainty (Frailty & Shortness Of Life) So Make Life Meaningful
  28. Make Space For Serendipity
  29. Make Space For Christ/Ginosko Spiritual Encounters
  30. More

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