The Toronto Star has an inspiring report about a young man who retired at a ripe old age of 34. The article mentions that he derives most of his income of $34,000 after taxes from his rental property in Ottawa, portfolio of high-yield securities and government tax credits. I am definitely going to check out his self published book, Stop Working: Here’s How You Can!
The retiree is also very lucky. The article points out that at one point, he took his entire portfolio, leveraged it 2-1 and bet it all on one stock, Philip Morris. He might just as easily still be a working stiff, paying off huge amounts of debt.