Here's how much passive income I get from stocks... about 3 dollars a month on dividends.
I earned that stock as a benefit with an employer.
If you're expecting 6 figures of passive income you better be prepared to invest like 100 Million dollars in dividend stocks.
Now here's the thing, if you had 100 Million dollars you wouldn't be creating this post would you?
This. OP read it.
Earning passively through stocks with dividends requires you huge capital. Six-figure is possible actually but you have to be at the level of richest personalities.
It's ok to aim and have a dream of earning huge figures but start low and be realistic.
You should be able to generate six figures in dividend income with around 3 million dollars. Not to mention if you have millions of dollars, you probably have no debt or mortgage to pay, so you can live quite well on substantially less than six figures. In the US, last I checked, about 7% of households are millionaires. It isn’t unattainable, or even very rare.
Yes, it's true. No obligations and it's hard to achieve especially if you are the bread-winner of the family. You shoulder everything but yeah achievable but it will be a long road and has to build several income sources.
Stocks are also volatile so that could sway from 5 digits worth of dividends.
It's gotta be a dream come true.
Good luck OP with your journey, should you consider bitcoin IMO.