My Passive Income Diary: November 2024

  

If you have yet to read my previous month update, here is the link: https://justbeingernest.blogspot.com/2024/11/my-passive-income-diary-october-2024.html

My Passive Income Sources

For this month, my passive income sources are:

1. Singapore Savings Bonds (SSBs)
• These are Singapore government-backed bonds that offer a guaranteed interest rate. 
• Fully backed by the Singapore Government. You can always get your investment amount back in full with no capital loss.
• Invest for up to 10 years with interest that increases over time. The longer you save, the higher your return.
• You can choose to exit your investment in any given month, with no penalties. There is no need to decide on a specific investment period at the start.
• Click here to know more: https://www.mas.gov.sg/bonds-and-bills/singapore-savings-bonds
2. Endowus Income Fund
• Endowus is an evidence-based robo advisor with competitive fees and prices in Singapore.
• It allows you to invest all three sources of wealth - CPF, SRS and cash. It is the first and only robo-advisor in Singapore to allow you to invest your CPF monies.
• Their portfolios utilize funds from global fund managers, such as PIMCO and Dimensional, with real, long-term proven track records.
• Personally I invested in the Endowus Income Portfolios where I receive monthly payouts from the funds.
• Click here if you are keen to sign up: https://endowus.com/invite?code=QFMWH
3. Chocolate Finance Cash Management Account
• Chocolate Finance offers attractive interest rates on your cash deposits, significantly higher than traditional savings accounts.
• Unlike traditional savings accounts, Chocolate Finance provides daily interest accrual. This means you see your money grow consistently, day by day. 
• You can withdraw your funds at any time without penalties or restrictions. This gives you flexibility and peace of mind. 
• There are no hidden fees or complex terms associated with Chocolate Finance. 
• Your funds are invested in a carefully curated portfolio of short-term bonds, providing a balance of risk and reward while maintaining high levels of security.
• Click here if you are keen to sign up: https://share.chocolate.app/nxW9/y321ds2r
4. Dividend ETF and Dividend Stocks
• Dividend ETF is a basket of dividend-paying stocks, reducing individual stock risk.
• ETFs typically have lower expense ratios than mutual funds, which means that investors keep more of their investment returns. 
• This is because ETFs are passively managed, meaning that they track an index rather than actively trying to outperform it.
• Dividend stocks provide a steady stream of income, which can be especially beneficial for retirees or investors seeking regular cash flow.
• Personally I am using FSM to hold my dividend stocks and dividend ETF
• Click here if you are keen to sign up: https://secure.fundsupermart.com/fsmone/signup/personal/P0375989

My November 2024 Passive Income

In November 2024, I received the following passive income: 

1. Endowus Income Fund: $100.33
2. Chocolate Finance Cash Management Account: $4.99
3. Singapore Savings Bonds (SSBs): $799.50
4. Dividend Stocks: $343.84

Total Passive Income: $1,248.66

What's Next?

As you can see based on the charts, the passive income for this month increased by quite alot from $538.66 in October 2024 to $1,248.66 in November 2024

The huge difference is due to the income from Singapore Savings Bonds and from Dividend Stocks.  

Been actively accumulating more dividend stocks to grow the passive income from Dividend stocks so that the source of income is not concentrated mainly from Singapore Saving Bonds, Endowus or Chocolate Finance cash management.

Looking to grow aggressively the passive income from Dividend Stocks so that it is more stable, consistent and solid.

As a reminder to myself, I aim to hit the $5k monthly passive income target by December 2025 which is about 1 year from now.

Stay tune for more updates!

Affiliates ==================================== ◆ 💳 Find the best credit card - https://apply.creatory.singsaver.com.sg/click?o=588&a=53 ◆ ✈️ Find the ideal travel insurance - https://apply.creatory.singsaver.com.sg/click?o=535&a=53 ◆ 💰 Enjoy 3.6% pa with Chocolate finance - https://share.chocolate.app/nxW9/y321ds2r ◆ 📈 Invest cash, CPF, and SRS in globally diversified portfolios at low cost - https://endowus.com/invite?code=QFMWH ◆ 📱 Sim only plan of 290GB Local & 12GB Roaming FOREVER - https://maxx.sg/index.html?referral-code=Y07092024SBZ ◆ 💳 Get a YouTrip card and pay in over 150 foreign currencies with no fees - https://youtrip.onelink.me/3xWB/6eqr2740 ◆ 🌐 Buy or Trade Crypto with Coinhako - https://www.coinhako.com/users/select-country?code=231513_73037101 ◆ 🌐 Buy or Trade Crypto with Independent Reserve - https://portal.independentreserve.com/invite/HMUMLH

My Passive Income Diary: October 2024

 

If you have yet to read my previous month update, here is the link: https://justbeingernest.blogspot.com/2024/10/my-passive-income-diary-september-2024.html

My Passive Income Sources

For this month, my passive income sources are:

1. Singapore Savings Bonds (SSBs)
• These are Singapore government-backed bonds that offer a guaranteed interest rate. 
• Fully backed by the Singapore Government. You can always get your investment amount back in full with no capital loss.
• Invest for up to 10 years with interest that increases over time. The longer you save, the higher your return.
• You can choose to exit your investment in any given month, with no penalties. There is no need to decide on a specific investment period at the start.
• Click here to know more: https://www.mas.gov.sg/bonds-and-bills/singapore-savings-bonds
2. Endowus Income Fund
• Endowus is an evidence-based robo advisor with competitive fees and prices in Singapore.
• It allows you to invest all three sources of wealth - CPF, SRS and cash. It is the first and only robo-advisor in Singapore to allow you to invest your CPF monies.
• Their portfolios utilise funds from global fund managers, such as PIMCO and Dimensional, with real, long-term proven track records.
• Personally I invested in the Endowus Income Portfolios where I receive monthly payouts from the funds.
• Click here if you are keen to sign up: https://endowus.com/invite?code=QFMWH
3. Chocolate Finance Cash Management Account
• Chocolate Finance offers attractive interest rates on your cash deposits, significantly higher than traditional savings accounts.
• Unlike traditional savings accounts, Chocolate Finance provides daily interest accrual. This means you see your money grow consistently, day by day. 
• You can withdraw your funds at any time without penalties or restrictions. This gives you flexibility and peace of mind. 
• There are no hidden fees or complex terms associated with Chocolate Finance. 
• Your funds are invested in a carefully curated portfolio of short-term bonds, providing a balance of risk and reward while maintaining high levels of security.
• Click here if you are keen to sign up: https://share.chocolate.app/nxW9/y321ds2r

My October 2024 Passive Income

In October 2024, I received the following passive income: 

1. Endowus Income Fund: $100.95
2. Chocolate Finance Cash Management Account: $13.91
3. Singapore Savings Bonds (SSBs): $423.80

Total Passive Income: $538.66

What's Next?

As you can see based on the charts, the passive income for this month increased drastically from $110.53 in September 2024 to $538.66 in October 2024

The huge difference is due to the income from Singapore Savings Bonds which contribute significantly. 

I have also been accumulating more dividend stocks to grow the passive income from Dividend stocks so that the source of income is not concentrated mainly from Singapore Saving Bonds, Endowus or Chocolate Finance cash management.

Stay tune for more updates!

Affiliates ==================================== ◆ 💳 Find the best credit card - https://apply.creatory.singsaver.com.sg/click?o=588&a=53 ◆ ✈️ Find the ideal travel insurance - https://apply.creatory.singsaver.com.sg/click?o=535&a=53 ◆ 💰 Enjoy 3.6% pa with Chocolate finance - https://share.chocolate.app/nxW9/y321ds2r ◆ 📈 Invest cash, CPF, and SRS in globally diversified portfolios at low cost - https://endowus.com/invite?code=QFMWH ◆ 📱 Sim only plan of 290GB Local & 12GB Roaming FOREVER - https://maxx.sg/index.html?referral-code=Y07092024SBZ ◆ 💳 Get a YouTrip card and pay in over 150 foreign currencies with no fees - https://youtrip.onelink.me/3xWB/6eqr2740 ◆ 🌐 Buy or Trade Crypto with Coinhako - https://www.coinhako.com/users/select-country?code=231513_73037101

My Passive Income Diary: September 2024

 

If you have yet to read my previous month update, here is the link: https://justbeingernest.blogspot.com/2024/09/my-passive-income-diary-august-2024.html

My Passive Income Sources

For this month, my passive income sources are only:

1. Endowus Income Fund
• Endowus is an evidence-based robo advisor with competitive fees and prices in Singapore.
• It allows you to invest all three sources of wealth - CPF, SRS and cash. It is the first and only robo-advisor in Singapore to allow you to invest your CPF monies.
• Their portfolios utilise funds from global fund managers, such as PIMCO and Dimensional, with real, long-term proven track records.
• Personally I invested in the Endowus Income Portfolios where I receive monthly payouts from the funds.
• Click here if you are keen to sign up: https://endowus.com/invite?code=QFMWH
2. Chocolate Finance Cash Management Account
• Chocolate Finance offers attractive interest rates on your cash deposits, significantly higher than traditional savings accounts.
• Unlike traditional savings accounts, Chocolate Finance provides daily interest accrual. This means you see your money grow consistently, day by day. 
• You can withdraw your funds at any time without penalties or restrictions. This gives you flexibility and peace of mind. 
• There are no hidden fees or complex terms associated with Chocolate Finance. 
• Your funds are invested in a carefully curated portfolio of short-term bonds, providing a balance of risk and reward while maintaining high levels of security.
• Click here if you are keen to sign up: https://share.chocolate.app/nxW9/y321ds2r

My September 2024 Passive Income

In September 2024, I received the following passive income: 

1. Endowus Income Fund: $103.05
2. Chocolate Finance Cash Management Account: $7.48

Total Passive Income: $110.53

What's Next?

As you can see based on the charts, the passive income for this month dropped drastically from 1,230.98 in August 2024 to 110.53 this month.

This goes to show that I would need to build more income streams such that the fluctuation is not too drastic on a month on month basis.

I have been accumulating more dividend stocks during this period and looking to invest even more although capital is limited and I would also want to have spare cash to invest during opportunities.

For the coming period, I will be spending time to read up on more companies and also be out overseas.

Stay tune for more updates!

Affiliates ==================================== ◆ 💳 Find the best credit card - https://apply.creatory.singsaver.com.sg/click?o=588&a=53 ◆ ✈️ Find the ideal travel insurance - https://apply.creatory.singsaver.com.sg/click?o=535&a=53 ◆ 💰 Enjoy 3.6% pa with Chocolate finance - https://share.chocolate.app/nxW9/y321ds2r ◆ 📈 Invest cash, CPF, and SRS in globally diversified portfolios at low cost - https://endowus.com/invite?code=QFMWH ◆ 📱 Sim only plan of 290GB Local & 12GB Roaming FOREVER - https://maxx.sg/index.html?referral-code=Y07092024SBZ ◆ 💳 Get a YouTrip card and pay in over 150 foreign currencies with no fees - https://youtrip.onelink.me/3xWB/6eqr2740 ◆ 🌐 Buy or Trade Crypto with Coinhako - https://www.coinhako.com/users/select-country?code=231513_73037101

My Passive Income Diary: August 2024

 

If you have yet to read my previous month update, here is the link: https://justbeingernest.blogspot.com/2024/09/my-passive-income-diary-july-2024.html

My Passive Income Sources

For this month, my passive income sources are:

1. Singapore Savings Bonds (SSBs)
• These are Singapore government-backed bonds that offer a guaranteed interest rate. 
• Fully backed by the Singapore Government. You can always get your investment amount back in full with no capital loss.
• Invest for up to 10 years with interest that increases over time. The longer you save, the higher your return.
• You can choose to exit your investment in any given month, with no penalties. There is no need to decide on a specific investment period at the start.
• Click here to know more: https://www.mas.gov.sg/bonds-and-bills/singapore-savings-bonds
2. Endowus Income Fund
• Endowus is an evidence-based robo advisor with competitive fees and prices in Singapore.
• It allows you to invest all three sources of wealth - CPF, SRS and cash. It is the first and only robo-advisor in Singapore to allow you to invest your CPF monies.
• Their portfolios utilise funds from global fund managers, such as PIMCO and Dimensional, with real, long-term proven track records.
• Personally I invested in the Endowus Income Portfolios where I receive monthly payouts from the funds.
• Click here if you are keen to sign up: https://endowus.com/invite?code=QFMWH
3. Chocolate Finance Cash Management Account
• Chocolate Finance offers attractive interest rates on your cash deposits, significantly higher than traditional savings accounts.
• Unlike traditional savings accounts, Chocolate Finance provides daily interest accrual. This means you see your money grow consistently, day by day. 
• You can withdraw your funds at any time without penalties or restrictions. This gives you flexibility and peace of mind. 
• There are no hidden fees or complex terms associated with Chocolate Finance. 
• Your funds are invested in a carefully curated portfolio of short-term bonds, providing a balance of risk and reward while maintaining high levels of security.
• Click here if you are keen to sign up: https://share.chocolate.app/nxW9/y321ds2r
4. Dividend ETF and Dividend Stocks
• Dividend ETF is a basket of dividend-paying stocks, reducing individual stock risk.
• ETFs typically have lower expense ratios than mutual funds, which means that investors keep more of their investment returns. 
• This is because ETFs are passively managed, meaning that they track an index rather than actively trying to outperform it.
• Dividend stocks provide a steady stream of income, which can be especially beneficial for retirees or investors seeking regular cash flow.
• Personally I am using FSM to hold my dividend stocks and dividend ETF
• Click here if you are keen to sign up: https://secure.fundsupermart.com/fsmone/signup/personal/P0375989

My August 2024 Passive Income

In August 2024, I received the following passive income: 

1. Singapore Savings Bonds (SSBs): $371.25
2. Endowus Income Fund: $99.30
3. Chocolate Finance Cash Management Account: $2.43
4. Dividend ETF: $430.00
5. Dividend Stocks: $328.00

Total Passive Income: $1,230.98

What's Next?

I aim to accumulate more passive income and am looking to invest more into dividend stocks in the SG market.

Once I have accumulated a portfolio of SG dividend stocks, then I would look into overseas stock market like Hong Kong and US.

For now, the strategy is to be focused on the SG market first and get 20 dividend paying companies.

My criteria for the dividend stocks at the basic level is that it must have

1. Track record of at least 5 years of paying dividends
2. Dividend payout ratio of less than 90%
3. The company makes consistent or growing revenue and profits

Currently I only have 3 companies in my portfolio and still need to work hard on accumulating more.

Stay tune for more updates! 

Affiliates ==================================== ◆ 💳 Find the best credit card - https://apply.creatory.singsaver.com.sg/click?o=588&a=53 ◆ ✈️ Find the ideal travel insurance - https://apply.creatory.singsaver.com.sg/click?o=535&a=53 ◆ 💰 Enjoy 3.6% pa with Chocolate finance - https://share.chocolate.app/nxW9/y321ds2r ◆ 📈 Invest cash, CPF, and SRS in globally diversified portfolios at low cost - https://endowus.com/invite?code=QFMWH ◆ 📱 Sim only plan of 290GB Local & 12GB Roaming FOREVER - https://maxx.sg/index.html?referral-code=Y07092024SBZ ◆ 💳 Get a YouTrip card and pay in over 150 foreign currencies with no fees - https://youtrip.onelink.me/3xWB/6eqr2740 ◆ 🌐 Buy or Trade Crypto with Coinhako - https://www.coinhako.com/users/select-country?code=231513_73037101

Secret Hack: Rack Up Miles Effortlessly with Heymax!

In today's fast-paced world, everyone is looking for ways to save money and maximize their rewards.

One of the most popular ways to do this is by earning miles or points through credit card spending. 

However, did you know that there's a secret hack that can help you earn miles effortlessly, without spending a dime out of your pocket?

Introducing to you, "Heymax.ai"

What is Heymax?

Heymax is a rewards platform that allows you to earn miles on online purchases, on top of the rewards given to you by your credit card company.

It is similar to Shopback but rewarding you in Max Miles instead of Cashback. 

You will need to login to the heymax platform or app and browse through the online stores that you want to shop at.

Then click on the Shop Button to shop through heymax.

Once the transactions are completed and verified, you will be rewarded with Max Miles.

Which you can convert your Max Miles into rewards by

• Redeem your flight with Max Miles
• Transfer Max Miles to 25+ travel partners
• Redeem gift cards with Max Miles

Get Instant Max Miles with Vouchers 

One of the most exciting features of Heymax is its vouchers. 

By buying vouchers on Heymax, you can instantly boost your mile earnings where you get rewarded with Max Miles.

These vouchers can be used at popular stores such as Amazon, Grab, Klook, Ikea, Adidas, Best Denki, Lazada, etc

Fast Track Your Free Trip with Credit Card Rewards 

While Heymax is a powerful tool on its own, you can further accelerate your mile accumulation by combining it with credit card rewards. 

Many credit cards offer bonus miles or points for certain categories of spending. 

By using Heymax to earn miles on your online purchases and optimizing which is the best credit card to use, you can ensure that you are getting the maximum rewards and miles.

Redeem Your Max Miles 

Once you've accumulated enough Max Miles, it's time to redeem them for your dream vacation. 

Heymax partners with a variety of airlines and hotels, allowing you to redeem your Max Miles for flights, hotel stays, and other travel experiences. 

With your Max Miles, you can redeem them by 

1. Transferring your Max miles to other Airlines or Hotel Partners. Enjoy transfers from 1:1 ratio. No fees, no expiry.
2. Exchanging the Max Miles for Cash by providing your Flight receipts
3. Exchanging the Max Miles for gift cards like Grab vouchers, Lazada vouchers, Amazon vouchers, etc

Never Miss Out on Max Miles When You Shop with Our Chrome Extension 

The Heymax Chrome extension is a must-have for any serious mile collector. 

This extension automatically scans the websites you visit to identify merchants that partner with Heymax, ensuring that you never miss out on an opportunity to earn miles. 

With just a few clicks, you can activate rewards offers and start earning miles on your purchases. 

Maximizing Your Benefits with Heymax 

To get the most out of Heymax, follow these tips: 

• Check for Reward Offers Regularly: Heymax's partner stores and offers can change frequently, so make sure to check the platform regularly to see what's available. 
• Use Heymax for All Your Online Purchases: The more you use Heymax, the more miles or points you'll earn. Make it a habit to use the extension for all your online shopping. 
• Take Advantage of Referral Programs: Many cashback platforms, including Heymax, offer referral programs that allow you to earn additional rewards for referring friends and family. 
• Combine Heymax with Credit Card Rewards: If you have a credit card that offers miles or points, you can combine it with Heymax to earn even more rewards. 

Conclusion 

Heymax is a game-changer for anyone looking to earn miles or points effortlessly. 

By using the Heymax browser extension and taking advantage of its voucher system, you can quickly accumulate enough miles for a free trip. 

Whether you're a frequent traveler or simply looking to save money, Heymax is a must-have tool.

Link to sign up to Heymax: https://heymax.ai/?referral_code=7E2763B4

Affiliates ==================================== ◆ 💳 Find the best credit card - https://apply.creatory.singsaver.com.sg/click?o=588&a=53 ◆ ✈️ Find the ideal travel insurance - https://apply.creatory.singsaver.com.sg/click?o=535&a=53 ◆ 💰 Enjoy 3.6% pa with Chocolate finance - https://share.chocolate.app/nxW9/y321ds2r ◆ 📈 Invest cash, CPF, and SRS in globally diversified portfolios at low cost - https://endowus.com/invite?code=QFMWH ◆ 📱 Sim only plan of 290GB Local & 12GB Roaming FOREVER - https://maxx.sg/index.html?referral-code=Y07092024SBZ ◆ 💳 Get a YouTrip card and pay in over 150 foreign currencies with no fees - https://youtrip.onelink.me/3xWB/6eqr2740 ◆ 🌐 Buy or Trade Crypto with Coinhako - https://www.coinhako.com/users/select-country?code=231513_73037101