Hi All On the back of the link below shared by @Tim & Chrissy Retired in their early 30's and now travelling the world I too am in the process of building a share based portfolio with a reliable income stream. The primary reason is that whilst property income is brilliant...the income will vary from month to month...mine varies from 6k to 15k positive pm depending expenses. I feel that dividend income is more stable albeit dividends at times will also go down. In the longer term I would like to get say 120k net income based on 60k coming for a share portfolio and the remaining amounts coming from a property. I feel this is easily achievable for me as I could do this if I sold down 30% of my property portfolio but don't want to. Super will also come into play but that has a 10 year time frame..again this should give me another 45-60k. I also note that franking credits and depreciation will also assist with minimising tax but not entirely and assuming the govt does not make significant changes in the future. At this point I have about 110k worth of stock mostly: 1. 4000 Telstra shares bought at $4.15 2. 1000 Woolworths shares bought at $22.16 3. 2000 Westpac shares bought at $23.35 some years ago My strategy is quite simple: 1. Build up to a $1m portfolio outside of Super (also planning on $1m in super by 60) 2. Use Warren Buffets philishophy of only buying stocks with solid track records and needed by consumers. Thus why the above stocks were bought...I also want to concentrate on the top 20 initially to reduce risk 3. I plan to leverage via a margin loan...already have a facility with a $1m limit and have drawn down about 58k. 4. I want use the current market correction to build the portfolio and see if grow over the next few years. I figure if I chucked another 100k in...I should be able to comfortable leverage another 250-300k...thus bringing the portfolio value to 500k 5. I want reasonable dividends as this will be used to pay off the margin loan currently at 6.85%. The average divident is in the order of 6% so on 500k it will bring in 30k. Assuming 350k in borrowings....I will be paying about 24k in interest...but will pay off 6k in capital a year or about 2.2% of debt 6. I am also focusing on buying the shares at near the bottom of the share price over the last 1 year. I figure if I do this...the chances of a significant drop is quite remote. The shares I am now looking at closely are: 1. ANZ 2. SunCorp 3. QBE 4. NAB 5. Bank of Queensland 6. Origin Energy 7. Westfarmers Would love to hear peoples thoughts on my strategy. My plan is to have this up and going and paying say 30-40k in income in the next 3-4 years.