Everyone Can Have A Passive Income

It Is Actually This Easy To Get Monthly Passive Income

Before I go on, this is not an advertisement or sponsored post.
So I caught up with a long time friend of mine over the week. We knew each other from my Kiehl’s days about 8-9 years ago (how time flies!). We brought up the topic of having a passive income and at age 29, she’s already achieving an average of $2,500 passive income every month. Impressive.

Keeping your money in the bank??

She asked me a question, “where do you keep your money?” If your answer is the same as mine, “in the bank lor”, then you’re caught in the same situation as me. Honestly, I haven’t given much thought to where I put my money at because work is always crazy busy and this question just haven’t occurred to me at all, until now.

Beating Inflation (2%) VS Bank Interest Rate (0.05%)

Her next question was, “Do you know the interest rate bank savings accounts are giving in Singapore?” YES. It’s a pathetic 0.05% on average. If you’re saving your money in the bank or keeping it under your pillow, you are definitely going to lose to inflation because the cost of living rises while the value of your money does not. Take this inflation chart for example, is your money growing an interest of more than 2% every year?

Inflation rate from 2012 to 2022 -

“Everyone Can Have A Passive Income”

Was what she said to me. Of course, I asked how.
Invest. Okay… Invest in what?

Mutual Funds

For my friend, she started with mutual funds. According to Economic Times’ definition, “A mutual fund collects money from investors and invests the money on their behalf. Mutual funds are an ideal investment vehicle for investors who do not know much about investing.” Sounds about right. Of course, given 6 years of mutual funds investing experience, my friend did advise that you do have to know which funds to enter to get the most out of your investment while preserving your capital.

6-7% Return, Low Risk, Monthly Passive Income

She is now in a profession that allows her to help people like me grow my money at a 6-7% p.a return, entering into low risk funds and drawing a monthly passive income from the investment. Do we need a lot of money for this? No. You don’t need a huge lump sum. Set aside a sum of money every year and 10 years down the road, you’ll see a very huge difference. In fact, you’ll start to see the effect of your actions (investment) when you receive your first monthly passive income next month.

Turn your savings into a money milking tool. 

“Let your money work harder for you” was what she said to me at the very end. This sentence resonated with me strongly. Why put your money in the bank to get that 0.05% when you can grow it at 6-7%?

I did a comparison chart. This is the effect of investment VS keeping your money in the bank. A very simple chart, nothing fanciful but it illustrated how much of a difference it can make if you actually start making your money grow.

You Get To Decide If You Want To Be Rich Or Poor

The biggest hurdle is always procrastination. If you keep pushing back your plans, you will never accomplish anything. While people are growing their money, you’re just losing out on the opportunity cost and profits by sitting and waiting around.

I’m sharing this because a lot of us fall into this category. Myself included.
If you’re too busy or have no interest in investment because you just cannot bring yourself to read up on it but still want to fight the inflation and give yourself a monthly passive income, then maybe you can consider reaching out to me and my friend.

William: +65 96860495/ william82sg@hotmail.com
Alicia: +65 81210768



  1. Way too many people still think bank interest is passive income. Even some FD interest rates are unable to compete with inflation.

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