How to get a passive income of $50,000 per year from ASX dividend shares

Owning ASX dividend shares can be one of the most rewarding experiences on the share market. In contrast, growth shares like Afterpay Ltd (ASX: APT), which pay no dividend but promise a white-knuckle ride through ups and downs on the market, can be fun (and highly lucrative) in their own way.

But there’s nothing quite like holding a dividend share, and getting paid every three or six months just for the act of not selling. One could even think of the whole process as a reward for laziness. Indeed, many investors invest in ASX shares solely for this purpose. Dividends can provide, or supplement, an income stream that one can use to retire on, or at least support a higher standard of living that one might aspire to.

But just how…