PHOTO: Cam McLellan makes at least $250,000 a year in passive income just from his properties
A Victorian dad-of-four has managed to retire at age 36 after finding a way to make $250,000 every year without doing any work.
Cam McLellan started amassing properties when he was just 20 with the aim of generating enough passive income so that he would never have to work again.
After he hit $250,000 in earnings after tax from renting out his many properties, he decided to enter early retirement.
He has managers in place running his portfolio so essentially no longer has to do anything to lead a more than comfortable lifestyle.
Now 47, the father is sharing his tips for how he went from being poverty-stricken as a teenager on a Victorian farm to a man with more than 100 pieces of real estate to his name.
Mr McLellan’s parents went bankrupt when he was 16 after a small business venture went terribly wrong.
They ended up moving into a “tin shed” on his grandparents’ farm which his mum and dad insisted on calling a “barn” to “sound more affluent”.
“I heard them [my parents] arguing about whether to buy milk or bread and it was a sort of light bulb moment, I didn’t want my kids to go through that,” he recalled, speaking to news.com.au.
The dad can now spend more time with his kids and never has to work again.
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