The average person under 65 needs around $84,000 per year in passive income for financial freedom, according to The Motley Fool. Energy Transfer (NYSE: ET) offers a 7.5% income yield, much higher than the S&P 500’s 1.2%. To cover $84,000 in expenses annually, you’d need about $1.1 million in Energy Transfer, paying $0.335 per unit each quarter. However, relying on a single investment is risky. Energy Transfer’s financial stability and 3-5% annual distribution growth make it a solid part of an income-focused portfolio strategy. The Motley Fool’s Stock Advisor recommends diversifying investments, as Energy Transfer may not guarantee life-long passive income.

Read more at Yahoo Finance: Could Buying Energy Transfer Stock Today Set You Up for Life in Passive Income?