The best insurance to have in life.

"Income investors love them and growth investors rarely expect them, but just what are dividends?"

I have blogged about how having passive income that equals our earned income over time will give us the option to work because we want to and not because we have to.

I have also blogged about why there is a higher purpose to having passive income in our lives.




Personally, I find all these reasons very persuasive and make working towards having a passive income stream in my life worthwhile.

Over the years, I have made contact with people who are not convinced. One example:

"I make so little money. Can't save much. Invest so little, what is the point?"





Aigoo... (I have been watching K-drama).

Actually, having passive income is also really a form of insurance.

It is an insurance against the possibility of an economic recession and a pay cut.

It is an insurance against the possibility of retrenchment.

It is an insurance against the possibility of disability which restricts us from active employment.




Insurance is important because bad things happen in life. Passive income is important and it is not just something that is nice to have.

Passive income is the best insurance to have in life because it is able to free up the most valuable resource we have in life and that is the resource of time.

Gradually, as our passive income grows from a stream to a river, our earned income could become something less critical.




Over time, our earned income could become something that is only nice to have.


Related posts:
1. Building an income portfolio.
2. Passive income: A higher purpose.
3. Do the right things and transform our lives.
4. Millionaire or not, plan for retirement.
5. Win $14,000 to $19,200 a year?
6. Matthew Seah on financial freedom.

AK says good-bye to another old friend.

Feeling sad.

A shirt which I have had for more than 10 years, maybe 15.

After the latest wash in the machine.

This is one of my favourite shirts and I liked it so much, I bought two that time. Time to let go.





I remember wearing this shirt to meet a fellow financial blogger 3 or 4 years ago. 

I was still very new to blogging and he was very encouraging. 

His fiancée then could tell that it was a shirt from Giordano!





Maybe, I should go shopping for another shirt.

Related post:
Parting with an old friend.