How much do you need to invest to get passive income?

Each week BusinessDesk and the NZ Herald’s Cooking the Books podcast tackles a different money problem. Today, it’s how to work out how much reliable income you can get from investments. Hosted by Frances Cook.

One of my favourite money sayings is ‘every dollar you invest gets you closer to the day you don’t have to work anymore’.

It’s no secret I’m a big fan of investing and the financial security it can bring by adding a stream of income that doesn’t rely on you heading off to work every day.

But how much can you actually rely on it? How much do you need to invest before that trickle of income becomes a flood?

We ran some numbers to test it.For the latest podcast I talked to Will Tieu from Goldsmith Mortgages, also known as Your Financial Engineer.

If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it.

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