How I’m targeting $3,000 a month in passive income with just $50 a week
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Most ASX investors buy shares to build wealth as quickly as possible and, hopefully, one day, to establish a stream of passive income large enough to help fund a comfortable retirement.
Receiving $3,000 a month (that’s $36,000 annually) in passive income from dividend shares is obviously a nice end goal. Unfortunately, my own portfolio is not yet at the stage where it can check that box. But, all going well, it will be one day. I’m certainly planning on getting there. Using the 4% rule, a passive income of $3,000 a month would require a portfolio worth $900,000. That’s obviously a tall ask for any Australian.
However, I’m planning on getting there. Remember, the wonders of investing and
