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00:00Here's the simplest way to figure out how much you need to invest in order to have a certain
00:03amount of passive income every single month from your dividend stock. First, you have to figure
00:08out how much you want per month and then just multiply that by 12. So for me, I want $1,000
00:13a month or $12,000 per year. Let's look up AT&T, which has a share price of 1910 and has a dividend
00:20yield of 7.01%. First, you're going to multiply the share price by the dividend yield comes out
00:27to 1.3561. Since we have a goal of $12,000, we're going to divide that by what we just got. And
00:34that comes out to about 8,848 shares needed. So we're going to multiply that by the share price of
00:411910, saying that you need to invest $169,000 in order to make $1,000 a month. You'll know you did
00:48this math equation right if, take that final number and you multiply it by the dividend yield and it
00:53gets you to your goal, which in this case was $12,000.
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