The #1 Activity To Build A Passive Income Lifestyle

To build and live the Passive Income Lifestyle, you need to dedicate yourself to the refining of one main skill and activity:

the gradual purchase and accumulation of assets that puts money in your pocket.

This is the single golden rule to the Passive Income Lifestyle. Of course, have fun in between, but ensure that you do not spend more than what you get in passive income. Remember, only assets are allowed to pay for lifestyle and luxury - never out of pocket.

In a super simplified manner, how you can replicate the success of the Passive Income Lifestylers is likewise, also buying, building and acquiring more and more assets in the following forms:

  1. businesses (full ownership by creating one or more)
  2. businesses (shared ownership by partnering with others)
  3. businesses (via purchase of stocks and shares)
  4. properties (full ownership by purchasing one or more to rent out)
  5. properties (shared ownership by purchasing one or more to rent out with others)
  6. properties (via purchase of stocks and shares)
  7. intellectual properties (full ownership, shared ownership)

There are many other options out there, in many different forms, but I chose the most simple ones that I can understand – personally, I find that starting my own Passive Income Physical Business leveraging on my own skills then was the easiest way to make more money as compared to a salaried employee, because there is more income growth, but it is risky and only certain individuals with the risk tolerance and hunger for success should embark on.

Nowadays, I advocate for the pursuit of Passive Income Internet Businesses (PIIB) because it's something that you can do on the side, whilst maintaining a full time job (means that you can have a stable income and lifestyle, whilst you hustle on the side).

Enjoyed this article? Share it with your friends by clicking one of the buttons:

Even better - share your thoughts and comments below:

quick links


Back To Top

Search In NigelChua

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)

Funfair (FUN)

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)

Xperience Coin (XP)

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.