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Here’s how to target a $50,000 annual second income, starting from zero

Here’s how to target a $50,000 annual second income, starting from zero

Most investors know they can receive passive income in the form of dividends from ASX shares. But most don’t envision that they can build an entire second income from them, particularly one worth $50,000 a year.

Although it is difficult to achieve this and requires a large investment of both money and time, it can most certainly be done. Today, let’s discuss the easiest way I think any Australian can get to $50,000 in passive income from ASX dividend shares.

The first thing you need to do is make sure your budget has enough spare room in it to afford a regular investment plan. To do this, one needs to ensure that they are spending less than they’re earning, and are, apart from mortgages and HECS, debt-free.

Once that’s been…

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