"Dividend Ninja" has an excellent 2-part interview with Canadian investor Susan Brunner, a lady with over 40 years investing experience. Ms. Brunner has structured her portfolio so that she is able to live off the interest and dividends it generates.
Although she takes a different approach than is recommended by DIY Investor, I believe her experiences and insights are valuable for DIYers.
Ms. Brunner's approach goes into the "more than one way to skin a cat" file. She obviously enjoys the challenge of finding and researching individual stocks that conform to her investment style and is not so enamored of exchange traded funds.
Also, make special note that she has developed a means of dealing with down markets - something all DIYers need to learn.
If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets you have landed at the right spot. I am a fee only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.