Thank you for investing in Income for income.

Investing for income has been very rewarding for me and it has helped me tremendously in my quest to achieve financial freedom. 

Some of my investments have been with me for years and in some instances I even "forget" that I have them.







I received a little reminder recently in the form of a letter to thank me for investing in Income. I rather enjoy the pun.

I pay NTUC Income regularly for a couple of insurance policies. NTUC Income make some money from me but because I am a shareholder, I get a share of their earnings. 

It creates a feeling that the insurance coverage I receive from NTUC Income is "free". Nice.

Wait a minute. Didn't I say that my H&S insurance is free from the government before? Alamak, I am confusing myself.

Anyway, jokes aside, it takes time to create an abundance of passive income and it doesn't always have to be through investment in equities. Bonds and bond-like instruments could help us meet some of our expenses in life too. 

That is what passive income is for at the most basic level, to help pay some of our bills.

Remember, having passive income will help to reduce our reliance on earned income. It is the best form of insurance we can have. 

Of course, all in good time.

Updated on 31 May 2016:
Another reminder arrived in the mail today:

Q: Can non-policyholders apply for the shares?
A:
No, non-policyholders cannot apply for the shares. Only life policyholders of NTUC Income are eligible to subscribe to Income shares. This is a benefit given to them to enjoy attractive returns on a long term investment.

Q: How can policyholders subscribe to Income shares?
A:
Applications for Income shares have been closed since Dec 2004.
 We are currently maintaining a waiting list for life policyholders who wish to subscribe to Income shares. We offer the shares which are redeemed by existing shareholders to the persons on the waitlist on a first come first served basis.
 Life policyholders who are keen to be on the waiting list may send an email to ms@income.com.sg with their full name and NRIC number. We will contact the persons on the wait list when we are able to process their applications.
Source: NTUC Income FAQs
http://www.income.com.sg/NTUCIncome/CMSTemplates/PrintFaqs.aspx?pId=7099

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