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.
join the passive income family
drown in the details - get the free fundamentals of passive income and
early retirement and make your first $100 online.
Join the passive income family & newsletter below and get a bonus "Boring Blueprint To Passive Income & Early Retirement"
Learn how I started with less than $100 in my bank account from
...turned my life and money around and by 2014
...paid up my $390,000
flat in full in less than 5 years
...starting making USD 40+ online per month
...invested in dividend stocks for passive dividend income for
recurring cashflow...for life!
will also get subscriber-only Passive Income Tips, Starting &
Growing Online Businesses Updates, Special Offers/Discounts and More - see you on the inside!
No spam ever - your email is never shared and you can unsubscribe anytime with one click.
Enjoyed this article? Share it with your friends by clicking one of the buttons:
Even better - share your thoughts and comments below:
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.
Note/Disclaimer: My writings and works are NOT financial advice.
Link To Us! - If you've enjoyed any of the articles here, I'll really appreciate your help if you could link to the specific post/article/homepage from your website, blog, LinkedIn or social media accounts such as
FaceBook, Twitter, Instagram etc - this will help us to grow and serve you better - thank you! =)