I’d buy 9,595 shares of this dividend stock to generate an extra £200 of monthly passive income – Motley Fool UK

I’m considering buying 9,595 shares of a dividend stock to increase my monthly passive income by £200. This decision is based on the potential of the stock to provide consistent returns through dividends. With this investment, I aim to create a reliable source of extra income without having to actively work for it. This strategy aligns with my goal of building a diversified investment portfolio that generates steady cash flow. By carefully selecting dividend-paying stocks, I can make my money work for me and grow my wealth over time. In the long run, this approach can help me achieve financial independence and secure my future.