Financially, I'm A Boring Guy (And How We Think The Grass Is Greener On The Other Side)

My best friend, Hendri, is a top-notch AIA insurance agent, and he's been in the business since 2008. And I've always told him I love his business model because:

  • it's low cost (no cost of rental etc, except for meeting clients)

  • it's recurring in nature (as long as policyholders renew/pay every month or year)

He on the other hand, says:

  • he likes my business (rehab) because of its growth nature (we grew from $65 to 7-figure, recurring)

  • his income grows very slowly, more of addition rather than growth-like

  • and that his business entails a lot of admin, negotiations and persuasions, which can be tiring

Hmm, this is possibly the case of "the grass is greener on the other side"

...or just me being a really boring dude when it comes to income, because I really like the predictable, sustainable and recurring nature of his insurance income.

When income is so predictable, life becomes very nice, comfortable and predictable, according to my thinking.

And since I strongly believe in insurance (I have bought enough for my whole family to be fully covered for life and have used them before), I have thought, many times, to be an insurance agent. Part time or full time. Often, it's the amount of admin that makes me cringe and re-think like 100000x.

I'll keep mulling over it. I still like my internet business...but I hadn't had enough breakthrough ie > $1000/month.

Edited 7/5/2017: at this point in time, I am not ready to go into becoming an insurance agent, though I share about insurance with all my patients and advise them accordingly. If I ever do join an insurance company, it needs to be a very established one where I direct my insurance clients to them to handle everything because I can only ever do on a part time basis. I will not rule out later, but not is likely not a good time.

Where to next?

  1. Head to Home Page

  2. Read the Core Articles, Popular Articles and my 21 Days To Financial Makeover

  3. Contact me by email at (even just to say hi) nigel@nigelchua.com

  4. See the latest articles and updates at the blog

  5. Check out all the resources and tools I use

  6. See my top two resources for online business below: Wealthy Affiliate (left) and Solo Build It (right) - both have very specific strengths and functions

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