Listen up, dividend overachievers! With a mere $2,500 per stock or exchange traded fund (ETF), it's entirely possible to bring in $3,500 worth of passive income per year. To sweeten the deal, we can build out a master plan that will get you paid on a monthly basis and maybe even on a weekly basis. The trick is to look into the realm of real estate, where the stocks can pay surprisingly high yields.
If you have enough time, you can build a well-balanced portfolio of assets that will continue to generate passive income through dividends. The current market is inclined towards exchange-traded funds (ETFs) that carry a strong yield and have a diversified portfolio. They are easy to trade like stocks and have a low cost. While you can generate a significant amount of income through dividends from dividend-paying stocks, ETFs carry lower risk, and some pay monthly dividends.