How much would you need to invest to generate $500 a month in dividend income, and what’s a realistic way to get there?
I’ve been trying to understand what it would actually take to generate $500 a month in dividend income.
That’s $6,000 a year, but I’m curious how much you’d realistically need invested to get there without taking on an unreasonable amount of risk.
For example, would you aim for a portfolio yielding around 3%, 4%, or 5%? And would you focus more on dividend growth over time rather than trying to reach $500/month as quickly as possible?
For people who have actually built up a dividend portfolio, what approach would you take if you were starting from $0 today?
u/Additional-Win-167 — 11 days ago