My long-term financial goal is to generate enough passive income to cover my basic living expenses. Once I reach my target, I won't have to work to pay my bills. I also won't have to sell stock during retirement to fund my financial needs.

My strategy is pretty simple. I invest in income-generating assets each month as a march toward my passive income target. Exchange-traded funds (ETFs) are among the many vehicles I use on my journey to financial independence. Two that I plan to buy more of this June are Vanguard Total Bond Market ETF ( BND 0.01% ) and JPMorgan Nasdaq Equity Premium Income ETF ( JEPQ 0.25% ) . Here's why I'm using these two ETFs to increase my passive income .

An easy way to collect bond interest

Investing in bonds i

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