Coming Full Circle

Seems like I'm coming full circle in NigelChua.com - earlier, I had written that this website is all about one thing:

Building and Living The Passive Income Lifestyle

And to me, that's done by two approaches:

  • Passive Income Internet Businesses (PIIB)
  • Passive Income Investing (PII)

These two are closely interlinked financially, in a sense I will build up my investment funds first either by my work, entrepreneurship activities and online business; and then the dividends that proceed from the investment funds will either be used for reinvesting or used to fund lifestyle, liabilities and luxuries.

It'd look something like this:

macro view on build passive income lifestyle

This is the general macro-overview of how I see and build my passive income lifestyle, and I will keep building and refining this model until I've reached my financial goal.

From this model, it's an all-encompassing model that is already working (I've achieved about 15% of my financial goal, and am reaping some passive income from my investments already - see from my passive income reports) BUT there is one major problem:

I need more capital/money to invest. To achieve my dividend income goal, I need a minimum sum of $2 million invested. Based on a 5% return on investment, that's about $100K passive income dividend per year.

Because of this, I will need to build additional and other sources of income that will fund the investment fund faster and better, as well as serve as hedge in case anything happens to my investment fun - this will take time to build, acquire, nurture and mature.

Which is why I am building a few key businesses and projects including - share more details soon.

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What I'm Working On

NigelChua.com

NalcoGroup.com

TherapyEntrepreneurs.com

XtendHealthAsia.com

WisdomOfSeneca.com

BeePollenForHealth.com

Online Business & Marketing Tools I Use

Solo Build It

GetResponse Email Marketing

Shopify

The Hoth SEO Specialist

Google Mail/Suite

Supplements & Stuff I'm Using For My Health

Total Balance Men's Premium

Kiwi Klenz

Lipi Rite

Bee Pollen Energy

Omega QH Ultra

Neuro Natural Serenity

Male Rejuvenator

Green Lipped Mussel Powder Capsules

Aquasana AQ 4000 Counter Top Water Filter

Cryptocurrency Exchanges I'm Using

Quionex Exchange (Fiat - BTC/ETH)

Qryptos Exchange

Offline Hardware Wallet To Secure Your Crypto-Assets Such As Bitcoin

Trezor

Cryptocurrencies I'm Invested In

Bitcoin (BTC)

Qash (QASH)

Rock Token (RKT)

Ethereum (ETH)

Zencash (ZEN)

Cindicator (CND)

Vechain (VEN)

0x (ZRX)

Golem Network (GNT)

Stellar Lumen (XLM)

Cardano (ADA)

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Gifto (GTO)

Nebulas (NAS)

Electroneum (ETN)

Digibyte (DGB)

ETHLend (LEND)

Smartcash (SMART)

Tierion (TNT)

Loopring (LRC)

Deep Brain Chain (DBC)

Zeepin (ZPT)

Zilliqa (ZIL)

Snip (SNIP)

Bitjob (STU)

Siacoin (SC)

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IOSToken (IOST)

Myriad (XMY)

FidentiaX (FDX)

Dentcoin (DENT)

Reddcoin (RDD)

Bitbean (BITB)

Dogecoin (DOGE)

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

My 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.