I keep a written record of my passive income.
It isn’t an Excel sheet as I still very much enjoy using pen and paper.
I spend so much time on the computer daily that spending some time writing on paper is a nice break from staring at the computer screen.
Anyway, I recently published my passive income figure for 3Q 2023.
That came in some 12% higher compared to a year ago.
Thus far, passive income this year has come in relatively strong.
I have said that increasing exposure to the banks since 2016 has been a good move.
For readers who do not follow me on YouTube, I produced some videos recently on investing in banks and REITs.
Here are the links:
Should I invest in REITs now?
This REIT is a MUST BUY but…
Key RISK for Singapore banks!
Remember that AK is not a guru and I am just talking to myself as usual.
All of us have our own beliefs and circumstances.
We should have our own plan.
Do what we are able and willing to do.
As long as we are moving in the right direction, we should do alright.
At our own pace and all in good time.
I am just here to inspire.
I am not here to instruct.
Having said this, I decided to see how much passive income I have received so far in 2023 from my investment portfolio.
$206,645.75
This is slightly higher than full year 2022’s passive income received which came in atÂ
$205,999.73
So, even if I do not receive any passive income in 4Q 2023, I will be OK.
I remind myself that as an investor for income, I should aim for reliable and meaningful passive income generation.
Preferably, income generating tools should generate predictable passive income too.
Always be prudent and stay pragmatic.
This was a recent video on reducing risk without reducing income:
Respect what we don’t know!
Not everyone is rich but everyone can be richer.
If AK can do it, so can you!
