£20,000 in savings? Here’s how it could be used to target a £913 second income each month

£20,000 in savings? Here’s how it could be used to target a £913 second income each month

Money sitting in the bank can earn some more money, depending on interest rates. Over the long term though, my own approach to building a second income is to invest in blue-chip shares of proven companies that I hope can pay me dividends. For the patient investor, such an approach can be lucrative. Here is how £20k could be used to target a £913 second income each month, on average. Sticking to a basic approach I ought to say upfront, by the way…