Assets Pay For Lifestyle And Luxuries. Period.

This is number #1 rule to build and live a Passive Income Lifestyle:

Always ensure that your assets pay for your lifestyle and your luxuries, and not just put everything and anything on your credit card/tab or from your earned income.

Robert Kiyosaki put it in the best and simplest term to explain what an asset is, in his Rich Dad Poor Dad series:

An asset puts money in your pocket; liabilities take money out of your pocket.

You must be able to identify what is an asset, and what it does, before you can build, buy and acquire more. An asset puts money in your pocket via rental/lease income, dividend or royalties. Assets are businesses, properties, real estate or intellectual properties, be it in full (full ownership) or parts of (such as stocks or shares).

As assets puts money in your pocket periodically, what the rich does is to ensure that their assets provides the income to sustain the level of lifestyle and luxuries they wish to have.

Financially and personally, I find that if you spend your hard earned money and income on lifestyle and luxuries, it isn’t sustainable, because if you want to buy more luxuries and afford continued lifestyle, you then need to earn more income – I prefer to be a bit more strategic, and use my hard earn money to FIRST buy, build and acquire my assets that can fund my lifestyle and luxuries.

When the passive income from my assets can sustain my lifestyle and luxuries, then I have options to take any surplus from earnings from income or from assets to invest in more assets, and this is how the rich get richer – just keep identifying and acquiring more and more assets that puts more and more money in my pocket.

If you’re finding that you have insufficient every month, buying and acquiring assets may not be your first focus, you may first have to ruthlessly cut out unnecessary expenses and combine it with the pursuit of:

join me in intuitive, loving, gentle and good success and self mastery that actually matter. no hype. no bullshit.

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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See the Tools & Resources I use to improve my life, businesses, health, build passive income and more.

The core topics I cover in NigelChua.com is:

  1. Eternal life and salvation: Jesus Christ is the Way, the Truth & the Life
  2. Fix your health: get healthier, live longer, run faster, more energy, fuck more
  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. Insure yourself and your loved ones (Health insurance is important)
  9. Optional Adventures: Become rich and wealthy
  10. Optional Adventures: Build businesses that adds positive value to your society and life
  11. Success Principles

passive income lifestyle actions to take today and EVERYDAY To build streams and streams of passive income

#1 Start An Online Business For Recurring Business Passive Income

Wealthy Affiliate is my recommended for WordPress online businesses.

I've been a premium member of Wealthy Affiliate since 2015 and there are a number of pros to be with them, which you can read at my Wealthy Affiliate review here.

One of my favorite points of WA is that they have a try-before-you-buy forever-free membership which you can sign up here for free. No credit card needed.



#2 Publish/Write Kindle Books For Recurring Royalty Passive Income

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#3 Invest In Pure Recurring Income Dividend Stocks

Become a Top Dividend Stocks Online member and get top dividend lists that highlight the best dividend stocks.

You'd get live updates to

  • The top 100 dividend stocks
  • Ex-dividend Ratings
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These are the consolidated reports that you'll need to guide and make good and sound dividend stock buying decisions, to ensure that the dividend stocks that you buy are good.

Become a Top Dividend Stocks Online member today


Join the Invite-only Forum For Investors & Traders By Bill Spetrino

  • For Beginning Investors, As Well As Experienced And Professional Traders. 
  • There's Open Exchange Of Financial Information, Ideas, Theories And Strategies For Trading The Financial Markets. 
  • "near Real-time" Trades Are Posted On Stocks And Options.

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#4 Diversify, Protect & Multiply Your IRA/Cash

Billionaires are investing in precious metals and cryptocurrency such as Richard Branson, Peter Thiel, Eric Schmidt, Michael Novogratz and not to mention scores of very smart people and multi-millionaires like Tim Ferriss. I too am investing in cryptocurrency.

Ever-Green Assets: Precious Metals (Gold & Silver)

Experts agree that the financial market is now even more fragile than pre-2008. Will your current retirement portfolio weather the imminent financial crisis?

Threats are many:

Is gold really useful in times of trouble? See for yourself:

Invest into precious metals such as gold and silver here


Future (Proof) Assets / Money: Cryptocurrency

You may wonder why investors worldwide are flocking to digital currencies (also known as cryptocurrencies or cryptos)?

Take a look at this chart showing the growth of a 10K portfolio invested in just three cryptocurrencies.

This is just one of the reason. And it'd continue to grow as utilization and applications increases.

Diversify and invest into future currencies and cryptocurrency such as Bitcoin, Ethereum, Litecoin and Ripple today, find out how here

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


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