Earning income in a Debt World requires math and forensic reading of the fine print, in order to maintain liquidity, avoid paper losses, and know the real rate of return (after fees and valuation repricing). Meanwhile, the least risk can offer the highest reward, and some alternative investments that offer no income at all can be the best payday. Let's talk about bonds, private credit, REITs, high-yield, alternative strategies and earning income without losing principal.