Retiring Rich: Suburban Millionaire

You can retire a millionaire. Yep, that’s right, a millionaire – without winning the lottery, either. A long time ago this was a dream reserved for the few and the fortunate, but income today is different from what it was 50 years ago. It certainly isn’t a rarity for seasoned veterans to make anywhere from $60,000 to over $100,000.

Of course, not everyone will make this kind of income, and according to a recent survey by the Canadian Payroll Association, 59 per cent of Canadian workers say they would be in financial trouble if they missed even a single paycheque. Such alarming numbers suggest long-term planning and saving is even more crucial for financial security. However, with some careful financial manoeuvering, consistently putting money into savings and avoiding frivolous spending, you too can achieve millionaire status. Read more