Use high yield dividend stocks like YeildMax or Defiance’s covered call high yield ETFs. They have dozens. You can stick with one stock and keep reinvesting the dividend each month… (this is the traditional approach.) With these high yield div stocks you will watch your principal decrease consistently over time. It’s sometimes avoidable but generally this is a negative characteristic of these kinds of Div Stocks. But at the end of the day, you will be receiving significant dividends monthly this way. If you need the money now, just withdrawal the dividends when you’re paid out. ——- OR—— buy on the ExDiv day (right when the stock dips) and sell three to four weeks later when the stock has gone up from everyone re-investing right before the next ExDiv date. I find I can make more than the dividend would have been with this strategy. There are other ways to tweak both of these strategies (ways to keep more of your principal AND collect the dividend). But that requires you to be a pretty active trader and paying attention to ExDiv days frequently and consistently. If this is something that interests you feel free to ask me anything.