There are a number of strategies in generating passive incomes via various instruments. These incomes can be one time off payout or be in the form of regular (yearly/monthly) payouts eg income streams.
Many people like to hold on to a portfolio of REITs, property stocks, banks/financial related stocks, consumer staple stocks, utility stocks, ETFs, and bonds so as to receive passive dividend income. Me included.
Other less risky sources would be via the CPF accounts. Simple strategies like transferring money from your Ordinary Account to Special Account will increase the interest yield. Or for those reaching 55 years old, they can consider using the CPF SA Shielding hack (see below) – investing your CPF-SA account monies prior to it being transferred to your CPF Retirement Account.
Implementation of CPF SA Shielding Hack using FSMOne.com (read here)
I have been reading about the concept of selling put options by Brian in his blog posts (see below)....