Building enough passive income to replace a full-time job typically requires multiple streams producing thousands per month.
5 min read · Jan 2, 2024
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The good news is that with focus and some upfront effort, earning $3,000-$4,000 passively is an very achievable goal.
- Many real estate investors own 500–1,000+ rental units collectively generating over $30,000 daily in cash flow
- Typical monthly rents range from $500 for single family homes to $3,000+ for large multi-unit properties
- After paying 25–35% to property managers, an investor with 20 paid off homes renting for $2,000 per month clears $840,000 annually
- Public companies that consistently pay dividends are considered more financially stable and profitable
- Building a portfolio with blue chip stocks, REITS, ETFs, and bonds yielding 3–5% can reasonably produce $3,000+ monthly income
- For example, a $1,000,000 portfolio yielding 4% returns $40,000 annually or $3,300 per month in dividends
