Want $10,000 in Passive Income? Buy 3,164 Shares of This Dividend Stock
Generating passive income is a worthwhile endeavor. Without passive income, folks have to work for money. With passive income, money works for you. It also gives people the freedom to choose whether they want to continue working or retire from laboring and live off the income their investments generate.
The benefits of earning passive income are indeed too many to list. That said, one of the best ways to generate passive income is through dividend stocks. If your goal is to earn $10,000 in passive income annually, you can do that by purchasing 3,164 shares of Target (NYSE: TGT), the popular department store chain. Let's look at the details and learn about a bonus feature regarding what could happen to this $10,000 in passive income in future years.
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Source Fool.com
