Possible sources of passive income:
1) Dividends from stocks
2) Interests from CPF-OA balance (Assuming one does not withdraw after 55 years old)
3) Rental (Assuming one has some property that can be rented out)
Let me do a case study for myself based on past 3 years data to consider the most likely scenario to have passive income coming from stock dividends and interests on CPF-OA balance.
Now, where and how to find the remaining shortfall of 40%, and also fight the inflation?
Some options as follows:
1) Win more in stocks
2) Save more
3) work harder
4) reduce life style
5) Withdraw some/full CPF for better return
6) periodic drawdown
any more other options? any ideas??