Cashflow over clout.
I'm an entrepreneur in Thailand who got obsessed with stacking dividends, bond income and seasonal cashflow instead of chasing hype.
Wealth Goblin is where I log the goblin grind: what I'm buying, how I'm building runway and how I'm trying to buy back years of my life.
What the Hell Is a Wealth Goblin?
Four rules for quietly hoarding boring yield
Boring Income > Shiny Speculation
I like things that spit out cash regularly: dividends, rent, bond income. We don't chase yield blindly - we look for years of history, reliable payouts, and funds that have weathered storms.
Freedom Date > Lambo Date
I care more about "what can I choose to do?" than "how expensive can my car be?" Idleness is a disease. Freedom is choosing your work.
Research Before Conviction
Every holding must have a proven track record. Battle-tested through COVID, rate hikes, market chaos. The Income Factory approach: research extensively, then let it compound.
Just a Labor of Love
No course. No PDF. No funnel. Just my journey and a funky alter ego I can cosplay as to keep my privacy while sharing what I learn.
"If it doesn't pay me while I sleep, I'm not impressed."
Read the Full Manifesto →The Goblin Dashboard
Four pillars of the dividend machine. Real numbers from the cave wall.
LGEN
Legal & General
June dividend of £19,830 landed at 15.67p/share - funded the final SMIF push to 100k. Interim payout next in September.
SMIF
Select Monthly Income Fund
SMIF Hoard complete - 100k shares locked in. June LGEN payout funded the final push. Base dividend now £500/month.
RECI
Real Estate Credit Investments
First RECI dividend received Apr 5 - £250.50 quarterly, next payout Jul
NCYF
CQS New City High Yield Fund
Fourth pillar is LIVE! Bought 3,300 shares at 50.1p. Quarterly payer - 3x1p + 1x1.5p (Aug is the big one). First £33 dividend received in May.
Payment Calendar
Income streams by month - smooth income beats lumpy income
Freedom Countdown
"Income as insurance - work becomes optional when passive income covers your lifestyle."
Concentrate to build. Diversify to protect.
The Income Factory approach: research extensively, buy battle-tested holdings with years of history, then let the dividend machine run. This is the nerd cave wall - updated manually when positions change.
The Money Printer
Breaking down passive income into bite-sized dopamine hits.
UK pounds — toggle to convert
Obviously this doesn't account for market hours, dividend payment schedules, or the fact that I'm probably asleep.
But it's a fun way to visualize compound interest at work. The money printer goes brrr even when I don't.
The Diversification Phase
Moving from big yearly lumps to a steady monthly paycheck — and why that matters more than it sounds.
SMIF Hoard — Locked In
The June LGEN dividend pushed SMIF across the line — 100,000 / 100,000 shares. The portfolio is now feeding itself. From here on, SMIF pays a base £500/month for life. That's not a fund being built any more — that's a monthly paycheck the goblin doesn't have to work for. Pretty incredible.
From Lumpy to Smooth
Building a portfolio and living off one are two very different games. While you're still growing the pile, big infrequent payouts are fine — the money just goes straight back in. The moment you actually want to use that income, you have bills to pay in January and February too, not just June and September. That's the shift this whole phase is about.
Two big lumps. Ten months of nothing. Fine while you're still reinvesting it all — but you'd struggle to pay rent in February on it.
Only March and December have just one income stream — and even those months still pay £500. Every other month has two or more payments landing. That's what smooth looks like.
Reliable, regular, monthly. £500 minimum lands every single month — known in advance, bankable, the floor of the whole machine.
These two each pay every three months, but on different months from each other. Between them, that's eight extra paydays a year on top of SMIF — and none of them clash with LGEN's June or September.
Two big payouts a year. Funded the SMIF Hoard. From here on, those lumps fund the smaller pillars instead of being the whole show.
Work ahead
RECI and NCYF are still small — both well short of where they need to be. With SMIF now running itself, every spare pound (and every future LGEN payout) goes into those two. Every share added makes those quieter months a little less quiet. The spread is already a lot smoother than it used to be, and it'll be in a brilliant place once RECI and NCYF grow up. Plenty of work still to do — but we're making solid progress, one pillar at a time.
"Concentrate to build. Diversify to protect."
The base is set. Now we smooth the rest.