How investors can turn $20,000 into income that just keeps coming
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Most Australians think about investing in terms of either growth or income. But the smartest investors often combine both. They use growth to build their capital base and then switch to income when the time is right.
Starting with $20,000, it is possible to grow your wealth to a point where it can generate an income stream that not only pays but continues to rise year after year. Here’s how.
Growing your base
The first stage is growth. Let’s assume you invest $20,000 in a mix of quality ASX shares and ETFs and continue contributing regularly. Over time, with an assumed 10% average annual return (not guaranteed, but in line with long-term share market averages), you could build that portfolio to around…
