— The NNIA concept .. Non-work incomes can come from gov, pension/annuities, adult children, inheritance, cut-loss sales,,, NNIA is about income from productive assets.

However, negative incomes (i.e. expenses) are more overlooked and deserve more attention than the positive income. Better list the expenses on top.

Jolt: Whether you like it or not, the reality is, the expenses are the rent you pay to hold the “cash-cows” generating the payout.

An income stream from an asset may require periodic “work” such as maintenance. I guess it could be a BBB or RRRR type… see ##pff complexities]old age . IFF the workload is too demanding, then it would not be nonwork income. Eg: managing a “hotel” of rental properties.

— Components of (usually monthly or quarterly) nonwork net income from asset:

• -ve mortgage + rEstate tax
• -ve HOA — $0 for some SFH or MFH
• -ve other haircuts on GNRY
• -ve holding cost of gold
• -ve trailer fees
• -ve income taxes on realized gains
• cash dividends
• cpf-life payout
• .. CPF interest is not cash payout. Instead, it’s similar to the theoretical accrual of reference value in AllianzIncomeProtector.