Fun Meeting With An Old Friend (Plus Lessons On Taking Action)

Last week, I had the chance to meet up with one of my old friend and we were catching up over lunch and I shared with him how in

  • 2015 during my virgin debut into dividend investing, I made 3.47% return on investment (purely on dividends without factoring in capital gains)

  • 2016 I made a 8.137% return on investment (purely on dividends without factoring in capital gains)

And that was me who has a major weakness in going detailed into numbers and finance. He is waaaaaaaaaay above me in being highly meticulous/detailed, and he told me that his wife keeps teasing him on how he keeps saying he should have invested X time ago, when Y was...

I teased him too

Don't get me wrong, I love and respect him; and very much have the same stance towards anyone when it comes to numbers (paying off debt, saving money, buying house or investing).

Personal finance is very much more personal than it is about finance and the methods. I find that I cannot really comment much on another, or opine about his or her seemingly shortcomings, because it doesn't help our relationship. Instead, I rather focus on what they're doing well, and I learn from it.

But in this episode, what happened was a really non-numbers guy like me can have some form of fairly reliable dividend stock and online income by taking action consistently, and of course, doing some research.

If I can achieve 8+% ROI in dividend investing in year 2, imagine what would happen in year 5? Year 10? Year 15? What about online business?

Look, I know that I'm not the brightest bulb in the room (and that's not what I aim to be) - I am but a simple man, and I have simple needs:

  • build a $2M dividend stock portfolio

  • build a 6-figure online business (with Solo Build It and BlueHost)

  • build a 7-figure therapy business (done)

Of course I won't achieve them overnight: they'd take years. I'm not interested in get rich quick, because I know, I've tried and been scammed like dozens of times. It doesn't work for you, it just work for the scammers.

And more importantly, I'd like to drive home to you, my treasured readers, that NigelChua.com and myself, we are all in the slow-true-growth approach to building and living passive income lifestyles.

I took about 6 years to build my 7-figure therapy business. I will keep testing on small scale, learning from the best, treating people right and fairly, and grow the slow and steady way.

What's your goals and game plan?

Where to next?

Head to Home Page

Start with these:

  1. Start Here
  2. FIRE Manifesto
  3. FIRE 101 and
  4. The Passive Income Lifestyle Framework.

They are my recommended to start with articles that ties in the entire framework, philosophy and working model of FIRE Lifestyle

Save-Earn-Invest More Articles

  1. Ruthlessly Cull Unnecessary Expenses
  2. Respect The $10s
  3. Small Tweaks To More $10s
  4. $150K+ By 35 - Reality Or Delusion?
  5. Start An Online Side Hustle With Solo Build It
  6. Start Investing For Passive Dividend Income In Just 3 Days
  7. How To Retire With $3 Million
  8. Invest To Spend On Luxury & Liabilities (Whatever You Want*)
  9. Shocking Maths Of Early Retirement (It's Less Than You Think)

See more Save, Earn & Invest More articles here.

Others

  1. Contact me by email at (even just to say hi) at nigel@nigelchua.com
  2. See the latest articles and updates at the blog
  3. Check out my resource page to see the tools I use
  4. See my top two resources for online business below: Wealthy Affiliate (left) and Solo Build It (right) - both have very specific strengths and functions

Wealthy affiliate: #1 to learn how to build profitable wordpress online businesses

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.

solo build it (sbi): #1 for offline businesses local search engine ranking, traffic and lead generation

Solo Build It (SBI) is my #1 tool for local search engine optimization (SEO) domination as well for online marketing which I've been using since 2010 personally for multiple projects.

Read why I chose Solo Build It...

...and more importantly, why I still stay with Solo Build It (SBI) till today and use them exclusively for all my SEO, traffic and e-lead generation.


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