Here’s how I’d target a $2,000 second income by investing $35 a week
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The Australian stock market has the potential to generate a second income of $2,000, $10,000 or even more. I believe it’s possible to unlock that investment cash flow by saving a small amount each week.
ASX dividend shares have the capability to provide a good dividend yield, growing dividends and capital growth.
Businesses don’t need to have a dividend payout ratio of 100%, paying out all of their profit, to deliver a good dividend yield. Franking credits can be a big boost to the after-tax dividend yield from Australian companies because of their refundable nature.
If I were trying to deliver a second income of $2,000 by saving $35 a week, I’d pursue one of two strategies.
High-yield ASX dividend shares
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