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Starting Your Business And Passive Income Journey
Starting your business and passive income journey can be scary, but we've got to start somewhere, and instead of overthinking and over-worrying, here's what I think:
just get a job first
If at this moment you don't have a job,
maybe you quit your job or
maybe you just graduated or
maybe you just got retrenched
maybe you're brainstorming for your big idea
And I've nothing wrong with brainstorming for big ideas, or quitting jobs or if you got retrenched (sorry and I hope you got a good/fair severance), but I recommend getting a job first.
The reason why I highly recommend getting a job first because most human beings, be it single, dating and especially if one is married with kids, we all need stable income.
we need to eat
we need to pay the bills
we need roof over our heads
we need to be able to travel to work/places
(Unless of course, you have a fully paid home that runs on self-generated electricity, with a water source that's safe and a garden/farm that produces all the food you need, then fine lol).
But if you can't eat, if you can't pay the bills, if you are struggling to pay rent and struggling to travel, and especially with kids - this is what we call
when shit hits the fan
at this point, your #1 goal is to get a job first. any job.
Any job will do.
Ignore your inner rebellion of "low class jobs" or whatever - when you and your loved ones can eat, can sleep safely, can go to work, THEN only you consider working on any business idea or side hustles OUTSIDE of your 9-5.
It's a functional way of resolving a problem, ie, you focus on surviving first, build the stability, and when you have a stable life and schedule,
then you look for opportunities and pockets of time (usually outside 9-5 ie 6 pm to 12 midnight) to build your side hustles
And that is how you start.
If you have a job and are stable (maybe bored out of your mind, or just want some growth or hate your boss), then it's time to pick up at least two (2) Passive Income Machine-building projects:
Save as much as you can and injecting as much of your savings into very low risk index funds that pays you dividends like clockwork. Calculate how much you need to retire, and aim to reach there as soon as you can.
You want to do business? Go out there, explore, and do it.
You want passive income? Invest in dividend stocks/index funds, or learn how to build passive income businesses.
Let nothing get in your way.
Yes, you make make mistakes along the way as you learn and refine. But just don't keep reading and dreaming and watching - nothing changes until we take consistent massive action to get to where we want to be from where we are.
If not, one year from today, you may be exactly where you are still.
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
Here are some areas that I work on a consistent, ongoing basis.
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Hello, and welcome to NigelChua.com!
I'm the founder and writer of this site as well as senior hand therapist and director at Phoenix Rehab Group (phoenixrehabgroup.com).
Also husband, father, Christian, entrepreneur and dividend stock investor.
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