My primary financial goal is to get into a position where I can retire early. It's not that I don't want to work; I just don't want the pressure of having to earn income to support my family. My strategy is to grow my passive income to the point where it covers my recurring expenses.

I make strides toward that goal each month by investing in passive income-generating vehicles. High-yield dividend stocks are a big part of that strategy. Two of my favorite income-producing stocks are Enbridge (NYSE: ENB) and Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP). Here's why I bought more of each in July and plan to continue adding to my positions in August.

Enbridge offers a high-octane income stream. The Canadian pipeline and utility company's payout currently yields more than 7%. That's several times higher than the dividend yield of the S 500 of around 1.3%.

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Source Fool.com