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How to make a yearly income of $60,000 from ASX shares – The Motley Fool Australia
ASX dividend shares can make an annual income of $60,000 over many years, depending on the yield of investments you go for.
It is possible to create a yearly income of $60,000 of dividends from ASX shares, if compound interest can be utilised.
How compounding can help
Albert Einstein once supposedly said about compound interest: “Compound interest is the eight wonder of the world. He who understands it, earns it, he who doesn’t, pays it.”
Compounding in financial terms means when your money earns interest and then that interest earns interest. It builds like a snowball.
With a 5% interest rate, a single $100 investment…
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