How I’d invest $200 a month to aim for a passive income of $84,567 a year for life
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Gaining a stream of passive income of $84,567 every year would be a dream come true for most Australians.
After all, that stream of income is above the median salary in Australia and orders of magnitude higher than the Age Pension. It would effectively make working optional and give most of us the opportunity to retire whenever we want.
But dreaming of passive income is the easy part. Actually obtaining that level of secondary income is where things get a little tricky.
Here at the Fool, we regularly preach that dividend income from ASX shares is one of the best ways to enjoy passive income. For one, dividend income is truly passive, requiring almost no effort to obtain, aside from the capital…
