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.
Yeah I screwed my math up by a factor of 12. I did month instead of year. I'll edit my post. So instead of my 100 Million dolllars my estimate would be 8 Million dollars and that's on the stock I'm holding which is very much a long term stock from a company that really watches it's money. I don't think it has ever even crashed in it's history of over 50 years. I'm not going to reveal the company.