Canada’s Youngest Retiree?
Posted on October 5th, 2006
by Moneysense Magazine
I recently had a chance to meet with Derek Foster, author of Stop Working: Here’s How You Can (2005). It was an opportunity to delve more deeply into how Canada’s “youngest retiree” was enjoying retirement and the investment approach that gave him financial independence (He retired at age 34).
First off, the section on Derek in an earlier column, Retire before 40, requires updating. He and his wife have sold the Wasaga Beach home and now live in the Ottawa area. They also have upgraded to a 2005 Toyota Sienna, had a third child, and no longer receive income from part-time work or real-estate rentals.
Their current residence isn’t luxurious, but that was not the goal: it was to be free of “wage slavery” and to have more time for family and activities of their own choosing. So how is Derek doing with his “list of things to do” during retirement (on page 12 of his book)?
He is spending a lot of time seeing his kids grow up, doing things with them like going swimming and taking a trip to Disneyland. His self-published book is also claiming some of his time (responding to orders, arranging reprints, etc.).
The highlight of our meeting was seeing his portfolio. It has no bonds and very little cash:… More Below…
