Turn $20,000 in Savings into $1000 a Month in Passive Income | by George Schneider, M.A. | Magnetic Newsletter Pro | Nov, 2024
It’s easier than you might think to generate $1,000 a month from just $20,000.
A Warren Buffett investment from 1994 returns 60% each year in dividends. Yes, you read that right. 60% in dividends alone. With enough time and patience, you too can generate that type of return and income from the right type of investments.
Caveat:
There is always this caveat when investing your money:
When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.
That being said, turning $20,000 into $12,000 a year — or $1000 a month — in passive income might seem ambitious. And while it’s not straightforward, it’s absolutely possible in the stock market. It won’t happen overnight. It won’t happen in a week or a month or even a year’s time. But over a few decades, if you invest in the right type of companies that pay dividends, and raise them every year at a good clip, it is a real possibility.
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