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

<p><strong>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.</strong></p> <p>One of my favourite money sayings is ‘every dollar you invest gets you closer to the day you don’t have to work anymore’.</p> <p>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.</p> <p>But how much can you actually rely on it? How much do you need to invest before that trickle of income becomes a flood?</p> <p>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.</p> <p>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.</p> <p>I'm on <a href="https://www.facebook.com/FrancesCookNZ/">Facebook here</a>, <a href="https://www.instagram.com/francescooknz/">Instagram her</a>e, and <a href="https://twitter.com/FrancesCook">Twitter here</a>.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>