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2017 July 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 -281.11

Income

Xtend Life Natural Health Supplements

  • 6th July 2017 USD 6.26
  • 17th July 2017 USD 6.54

SellHealth 

  • 24th July 2017 USD 17.99

Amazon

  • $2.30

Expenses

PASSIVE INCOME INVESTING (PII): 0

No more dividends at this point in time as I sold off all my shares in June 2017 for a tidy sum of $25k+, 16.67% capital gain.

CONCLUSION

The month of July yielded me 3 sales: 2 in Xtend Life and 1 from SellHealth.

As I've embarked on having 2 purely outsourced written WP sites, that spiked my expenses by a lot (I hadn't even factored in budgeting for marketing) but as you can see, you can have very minimal expenses if you want ie less than USD 30 a month to start learning and building an online business.

I have budgeted for the outsourced writings of the WP sites for one full year, though I will monitor on a month to month basis – if the revenue they generate is equal or more than what it costs me to engage the writers ie more than USD 280 is generated by month 12, then I will 100% continue with them. If it's less than USD 50, I'll likely drop the sites (depending on which is doing better).

I'm not touching those 2 sites at all, except for the occasional hiring of outsourced content marketing and backlink building, so it's more or less more than 95% outsourced – this is to test my theory of “is it me who's holding myself back” in the online world. If it's proven that I should outsource more ie outsourced work makes more than me running it, I will entertain the idea of outsourcing everything (except this site of course…unless it serves my audience better – see how).

Where to next?

A) Take a look at my Books and buy whichever interests you =)

B) Tools & Resources I use to improve my life

  1. Christianity: Bible Gateway & Verse of the day (free)
  2. Website + Digital Marketing for small / service business: Solo Build It
  3. Health: 
    a. Xtend Life Total Balance Men's Premium Multivitamins
    b. Xtend Life Kiwi Klenz (Gut Health) 
    c. VigRX Plus (Bigger, harder & long-lasting erections)
    d. 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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