Want $1,000 in Annual Passive Income? These 2 Sizzling Stocks Stand Out
Berkshire Hathaway's billionaire chairman and chief executive officer, Warren Buffett, is known for many of his quotes filled with wisdom. One of my favorites is: "If you don't find a way to make money while you sleep, you will work until you die."
Sure, people can lean on income from Social Security in their golden years. But that typically only pays 40% of the average wage earner's pre-retirement income. Overall, investing in some type of asset that will appreciate and/or pay reliable passive income in the form of dividends is the only way to total financial freedom.
There is, of course, no guarantee that companies will pay consistent or growing dividends forever, but some investments have better chances than others. Real estate investment trusts (REITs), for example, are legally obligated to pay out a significant portion of earnings in the form of dividends. As a result, investors with $16,800 available to invest could generate starting annual dividend income of $1,000 by evenly splitting their investments between these two REITs right now. And if you don't have this much starting capital to invest, the good news is that this can scale based on how much you have.
Source Fool.com
