Published on 2 Jun 2024 on Motley Fool via Yahoo Finance
I love collecting passive income. It's nice to get paid for work you didn't have to do. I like generating passive income so much that my top financial goal is to eventually make enough each year to cover my recurring expenses. That way, I won't have to work to live.
I've got quite a ways to go. However, I get a little bit closer to my goal each month as I grow my passive income. I focus on investing in companies and funds that offer higher-yielding payments that should steadily rise over time. One of my more recent income-focused additions is the JPMorgan Nasdaq Equity Premium ETF (NASDAQ: JEPQ). I plan to buy more of that high-yielding exchange-traded fund (ETF) in June. Here's why I'm excited to add to my position this month.
A high-yielding income stream