How I’d earn a passive income that covers 100% of an annual wage

first_imgHow I’d earn a passive income that covers 100% of an annual wage “This Stock Could Be Like Buying Amazon in 1997” Peter Stephens | Monday, 21st December, 2020 Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Making a passive income that covers 100% of an annual wage is likely to be a long-term goal for many people. After all, this would mean they no longer need employment to obtain the same level of financial freedom enjoyed while working.Although many UK shares have fallen in value over the past year, they offer a sound means of obtaining a nest egg from which an income can be drawn. With many of them currently trading at cheap prices following the 2020 stock market crash, now could be the right time to start buying them.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Building a portfolio to make a passive incomeWith the median UK salary currently around £31,000, a passive income of a similar figure is likely to provide many people with financial freedom. Assuming they build a nest egg during their lifetime, they would need a lump sum of around £775,000.This is based on the assumption that they withdraw 4% of their capital each year. This has historically been a common amount to withdraw, since it can mean a nest egg retains its value on an after-inflation basis over the long run.Clearly, achieving a £775,000 nest egg sounds like an extremely challenging task at first glance. However, the track record of the stock market shows it may be far more achievable than many realise. For example, the FTSE 100 has delivered an annual total return of 8% since its inception in 1984.Assuming that same percentage return on a £500 monthly investment, it would lead to a portfolio valued at £775,000. And that would provide a £31,000 annual passive income in just over 30 years.Buying cheap UK shares todayOf course, the above example assumes an investor obtains the same annual return as the stock market. However, there are currently many cheap UK shares available to buy that could deliver even higher returns. Not to mention a more attractive passive income. Buying them today could be a sound move, since they appear to offer scope for above-average capital gains in many cases.For example, many high-quality companies are trading at prices that may undervalue their prospects. That’s down to short-term uncertainty caused by political instability or coronavirus. Given their financial strength and market positions, they’re likely to overcome such threats to produce sound share price recoveries over the long run.The result could be a larger portfolio than one which tracks the performance of the FTSE 100. As well as a larger passive income in older age.Understanding risksClearly, it’s important to diversify when building a portfolio and making a passive income. Holding a variety of stocks may lead to higher returns with less risks. This may improve an investor’s capacity to fully replace their hard-earned wage, and enjoy financial freedom in the long run. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address See all posts by Peter Stephens Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.last_img read more

Tipitina’s Foundation Surprises Roots of Music With Over $40K Worth Of Instruments [A Gallery]

first_imgSometimes people do nice things and it makes everyone happy. The non-profit Tipitina’s Foundation presented the non-profit Roots of Music student marching band with more than $40,000 worth of new and refurbished instruments. The student band received the instruments during a surprise donation ceremony following their last practice of 2016, along with a party catered by the Link Restaurant Group.Tipitina’s Foundation is a non-profit foundation that grew out of the legendary New Orleans music venue that remains a cultural icon today and continues to be instrumental in the development and promotion of Louisiana music around the world. Tipitina’s Foundation supports Louisiana and New Orleans’ irreplaceable music community and preserves the state’s unique musical cultures by promoting childhood music education, the professional development of adult musicians, and the increased profile and viability of Louisiana music as a cultural, educational, and economic resource.The Roots of Music provides music history and theory as well as instrumental instruction and ensemble performance preparation to kids ages 9-14 from low-income households. They provide students with hot meals and round-trip transportation to reduce common barriers to participation. Five days a week, 12 months a year, the program delivers over 2,500 hours of music education and other academic tutoring, over 30,400 nutritious hot meals, 1,400 bus journeys, and supplies over 150 instruments for student use. It’s simply beautiful.Both organizations go hand-in-hand in ensuring that the legendary sounds of New Orleans are kept alive through the growing potentials of its youth. Jeff Strout of the Tipitina’s Foundation was on site to capture this thoughtful exchange, which you can see in the photos below.last_img read more

Hoosier dairy farmers could profit from trade agreement

first_imgStatewide—Indiana’s dairy industry needs the United States Mexico Agreement to be profitable after four years of sagging market prices, said Doug Leman, head of the Indiana Dairy Producers. Leman is representing Indiana agriculture on a trip to Mexico with  Lt. Gov. Suzanne Crouch.this week.“Being here in Mexico currently is so interesting, as they’ve already ratified it and their attitude is great about it,” said Leman. “For our dairy producers, it’s so important. We’ve been through four years of extremely low prices and then we’ve had to deal with trade issues and now weather issues.” Leman said he sees the agreement as at least part of the solution.“With Canada and Mexico being our number one trade partners and our neighbors, that’s really where we need to be focusing. As I found out here in Mexico, there is a need for products. We’d love to be able to help out.”Leman said he would encourage Hoosier dairy farmers and anyone interested, to contact their representatives and encourage Congress to ratify the agreement, which would essentially replace NAFTA as a new trade agreement between the three countries.last_img read more

Ranieri sees rotation as the norm

first_img The new Foxes manager believes the nature of the Barclays Premier League has changed in the 11 years he has been away. Ranieri was nicknamed the Tinkerman during his four years with Chelsea and guided them to second in the top flight during Roman Abramovich’s first season at Stamford Bridge in 2004, before being replaced by Jose Mourinho. Leicester boss Claudio Ranieri insists he was ahead of his time when he was branded the ‘Tinkerman’. Redknapp said he was surprised Ranieri could “walk back into the Premier League” after he was sacked by Greece in November. Ranieri said: “I understand but I will work hard to make changes. I respect everybody but now my problem is not Lineker or Redknapp, my focus is on Leicester. “Look, for me work is very important. I love my job, I want to improve all my players, I want to improve everything. “I think it is good when the field speaks – the games, the points we achieve are important. Other things are not important. “Also in Greece I wanted to build something but it’s difficult to build on the sand.” Chief executive Susan Whelan insisted Ranieri was the club’s first choice, despite ex-boss Martin O’Neill being linked with a return to Leicester. “Absolutely,” she said. ” We went through a very extensive process in terms of looking at the managers available. “We made sure it was a very good long-term choice. It became very clear almost immediately that Claudio was our number one target.” The 63-year-old Italian was appointed Leicester manager last week and r eckons many managers follow his rotation policy now, admitting he is not afraid to make the changes at his new club. “Yes. I think everyone now rotates. The Tinkerman was one, now there are a lot of Tinkermen,” he said. “If you know me well, a lot of young players made their debut with me – (Gianfranco) Zola in Naples, John Terry at Chelsea. I’ll look around the academy. “If there is somebody, I pick him and play him. I have no problem. “If you remember I had a couple of centre-backs, one was a Euro and World Cup winner, (Marcel) Desailly and (Frank) Leboeuf, and when I watched John Terry in the second team I picked up on him and I put him in the squad. “If one player is good, he plays.” Ranieri replaced the sacked Nigel Pearson and signed a three-year deal at the King Power Stadium, his ninth job in 11 years. But the response to his appointment has been mixed, with former Leicester striker Gary Lineker questioning the move while Harry Redknapp has also been critical. Press Associationlast_img read more