I'm a Québécois (French Canadian as one used to say) and I'd like to quit the rat race for good; no more stinking subway, dreadful on-the-go coffee and annoying alarm clock.
I intend to document in this very blog the steps I am taking to never have to cope again with an obnoxious boss, moronic colleagues and excruciating senseless work.
I never want to worry about money in the near future (nor will my relatives and friends). I hope to soon be able to relax at my cottage, travel around the world, hit balls from time to time on my tennis court and do some fly fishing whenever I feel like it. Just that.
This blog is written in English (thanks for noticing!) even though my mother tongue is French. So you might caught some grammar errors along the way. I have decided to do so since most of the blogs on personal finances are written in Shakespeare's tongue. When in Rome...
My road to Financial Freedom
Sometime in 2006 I was 14 K$ under. No budget. No Financial Plan. No idea of how the Market worked. I was clueless like many people you probably know in your immediate circle.
In my own defense, I have to say that I was clever enough to avoid debts such as school loans or, much worse, car loans. I also had the presence of mind to annually purchase Mutual Funds between 2000 and 2007. For a total of approximately 15 K$. (See, I wasn't too dumb after all!)
Like most Mutual Funds with high management fees, my 15K$ didn't grow much. But at least I had save the money.
In the back of my mind, I always had the feeling I would one day own stocks directly. It couldn't be that complicated (what sort of wizardry should I have to pull off to make it happen?)
In 2008, right about the time the Financial Market was about to take a tumbling down, I decided to make a move (a great but totally lucky market timing). I had found the magic formula : opening a brokerage account (duh). It was the first step towards financial independence.
This particular move was very much motivated my the fact that I was no longer happy at my job. In fact, I was miserable. Looking back, I don't know how I managed to pull through (xanax? -lol). Each day that went on, I felt more trapped, more engulfed in between those insane and hideous cubicles.
I wanted out. Badly. But how? Dividend investing and the wizardry of compound interests would provide me with a solution. At last, I had something to look up too. I had a plan.
So I ventured out on my very own camino. I slowly sold out all of my Mutual Funds and began saving and buying stocks directly. This was 8 years ago.
As I write this (updated in January 2017), I can say that I have rightened the ship since my days as a financial clueless tourist :
- My portfolio has reached (or is close to) the 180 K$ milestone (check it out);
- My Passive income is over 5 K$ annually (check it out);
- And my Net Worth is now well over 200 K$ (check it out here).
I could have done better, mind you, but I could have done much worst. I know for a fact I wouldn't have that kind of assets If I wouldn't have done the changes I have made in 2008. No way José!
So I eventually did manage to quit my job (yeah!). I don't mean by that that I have retired, far from it. (I don't think I will ever retire) But I have taken the appropriate steps to work in an environment that I like according to a schedule that I set. I'm a freelancer. Get the gist?
Being Financialy independent for me is not about buying things or showing off. It's about the freedom it provides. This is the sole purpose of my journey: having time to do the things I love.
Welcome aboard my journey to become financially independant!
PS Pour mes amis francophiles, amoureux de la langue de Victor Hugo (comme moi), merci quand même d'être passés voir mon blogue.