I worked for this company for about 10 years. The company had achieved a remarkable marketing objective: they branded financial freedom. Known as Freedom 55, London Life successfully brought to market a new way of thinking about financial security planning. Although James MacKinnon, Professor of Econometrics at Queen’s University here in Kingston, had this blunt assessment of Freedom 55:
Freedom 55 is just not going to be feasible, and I’m not convinced it ever was.
Well, some people do get there.
I follow Financial Freedom is a Journey, a blog that highlights the approach that the author had taken to become financially free.
I retired in May 2016 at the age of 56 after a 34 year career in banking. My wife beat me. She retired in 2015 at the age of 52. Who said life is fair?
I have been a relatively conservative investor for over 30 years. While our passive income pales in comparison to that of Warren Buffett and Charlie Munger at Berkshire Hathaway, our annual dividend income and rental income far exceeds that reported in any other “investing” blog I have read to date; as at February 2017 we generate six figures in passive income.
My observations lead me to believe the lack of money creates unnecessary problems. I have, therefore, created this blog in the hopes of being able to impart some of my experiences over the course of my investment career.
What I love about his blog is that he posts his portfolio and provides a summary of his dividend income as well as his overall portfolio. You can find his current portfolio here.
His reported holdings total about 1 million which is a great outcome for someone who retired at 56. Although he claims to generate six figures in passive income, I only get to about $30k or so from his reported portfolio so he must have other holdings contributing the balance. Producing six figures in passive income requires a portfolio in the 2-3 million dollar range.
He shares some great investing ideas and really does some post some helpful research. His post on Enbridge is an example.
As always, I read these types of blogs to gain perspective. I do not use them to make my own investment decisions for me. That said, there is a lot of really good insight on this particular blog. I hope he continues to post!