Passive income allows you to earn money effortlessly, with dividends being a key source in the stock market. The Vanguard High Dividend Yield ETF (VYM) is a top choice, with $70 billion in assets under management and a diverse portfolio. Investing in VYM can help you reach $10,000 in passive income.

To generate $10,000 in passive income with VYM, you would need around $333,334 invested in the ETF. While this may seem daunting, consistent investments and compound earnings can help you achieve this goal over time. By investing monthly, you can reach the $10,000 mark in a reasonable timeframe.

Consider the top 10 holdings of VYM and the potential for dividend payouts. While past payouts have varied, the ETF’s historical performance indicates a solid track record. With time and consistency, you can leverage the power of compound earnings to grow your passive income over the years.

Read more at Nasdaq: Want $10,000 in Passive Income? This Vanguard ETF Could Be Your Ticket to Making It Happen.