With £0 in May, here’s how I’d build a £10k passive income pot

As we start spring, it can be a great time to start with new financial goals. Even if I had £0 in my savings account to start the month, it’s hardly out of the question to build a passive income portfolio that can help to support me further down the line. Here’s my strategy to achieve this. To begin with, I have to start with changing my habits to leave some funds free each month to invest. It’s not a problem I can put away for another day. I can cut back on my social spending. Alternatively, I can try to find a new side hustle to increase my income. After I’ve figured out exactly how much money I can carve out going forward, the next focus is my end goal. For the purpose of assuming I’m starting from the beginning, a target I’d have is making £10k a year from income. Obviously, the time frame needed to build up to this will depend on how much I can afford to invest, so this might need to be tweaked. One point of the strategy that should remain the same is how I’m going to use stocks to achieve my aim....

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