About «moi»


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 :


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!

Mr D.

PS Pour mes amis francophiles, amoureux de la langue de Victor Hugo (comme moi), merci quand même d'être passés voir mon blogue. 




18 comments:

  1. Sounds like we are in a very similar position.

    I would also like to quit my job as a quebec lawyer and do more fulfilling things. I'm early 30's also and would love to travel (especially in the winters) but also soak in the fun while playing tennis at the jean-mance court or hang out in the laurentians.

    How much do you think you would need from dividends in order to live comfortably in montreal?

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  2. I wish I could do it as well. However, the more I crank the number the more I relaise that it is highly unlikely that I will be able to quite before 60+

    I think it is race which last next 30 years +. and this is after being fortunate to set a side $40K a year towards it.

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  3. Your English is just fine. I think many can relate to your desire to achieve FI. This really struck a cord with me "no more stinking subway, dreadful morning coffee and annoying alarm clock." I think it's awesome that you went from $15k under to a very healthy looking portfolio generating some passive income your way. Look forward to your progress.

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  4. Allo!
    Good to see another Canadian blog and since you said subway in QC, im guessing you are in Montreal :) Looks like we are in similar boats - I am in my early-mid-30s and we started investing in 2007-ish.

    I will be reading thru the rest of your blog and following along your journey. I have just added it to my reading list.

    cheers
    R2R

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  5. Bonjour Monsieur Dividende,
    It seems we share lots of things in common starting from living in the Belle Province! I envy those who already quit working for a corporation and I'm looking to reach this level soon enough.

    Cheers,

    Mike

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  6. Salut Mike! Always glad to stumble upon a fellow Québécois. I accepted a severance pay not long ago and decided to be my own boss from now. It goes well so far. I can't complain. But it's not an easy move. Good luck on your journey and thanks for coming by.

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  7. Hey Monsieur Dividende,

    just found your blog from Dividend Hustler, and glad to be here!

    Going to bookmark your site and learn from another Quebecor! :)

    I've started a blog in french about 1 month ago, if you can take a look and tell me what you think!

    Au plaisir! :)
    Steph

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  8. Salut Stéph!

    Merci d'être passé me voir. I will make sure to come and visit your blog. It's a very good idea to do one in french, Actually, I thought about it for a while. Will let you know what I think about yours.

    Thanks again and good luck on your journey to financial freedom!

    Monsieur Dividende (en personne!)

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  9. Hi MonsieurDividende,

    I'm a french Canadian too and I've been blogging about financial freedom and dividend growth investing in both french and english since 2013. It seems that I missed your blog (there are so many) but I'm glad to see that there are other Quebeckers out there seeking early retirement through dividend growth investing.

    I'll definitely bookmark your website and add it to my Quebecker's personal finance blogroll.

    Keep up the good work

    Cheers,

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  10. Salut Alain! Je suis sur blogger depuis à peu près le même temps que toi.

    I'm glad we found each other. Happy to see there are more Québécois taking care of their finances. I will also make sure to bookmark your site and follow you.

    Merci for coming around. Will keep in touch.

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  11. J'ai ajouté ton blogue a ma page de blogroll.
    Lâche pas !

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  12. Merci LeDividende. Je vais faire de même. Bonne chance dans la poursuite de tes objectifs!

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  13. Bonjour Mr Dividende,
    Dis-moi, je suis curieux et surtout tanné du trafic, de la bullshit corporative, de Montreal en general mais je n'ai pas étudié dans un domaine où être travailleur autonome est évident. Je travaille en finance depuis un bout mais être travailleur autonome dans ce domaine est selon moi pire qu'être salarié dans ce domaine.

    Qu'est-ce que tu fais comme travail autonome de la maison?

    J'ai beau chercher des idées, j'avoue manquer d'imagination à ce niveau. J'ai même pensé devenir barbier (Le barbier riche lol). J'ak quelques sites webs qui tournent et rapportent un peu d'argent pour l'instant mais au rythme où ça avance j'en ai pour 10 ans encore à me construire un revenu décent.

    Des idées? Écrire pour des magazines au Québec à la pige comme ceux qui écrivent pour seekingAlpha... je ne crois pas qu'on air ça ici et mon anglais est bon, mais pas suffisament pour devenir pigiste.

    Merci

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  14. Salut Alain,
    Tu pourrais être conseiller financier indépendant si tu as tes accréditations.
    Moi j'étais effectivement tanné de travailler dans un milieu de travail 9 à 5...
    Travailleur autonome c'est plus difficile que salarié, on se racontera pas d'histoires... La moitié de ton salaire est payée en impôt et autres trucs : RRQ, etc.
    Mais, pour l'instant, je ne changerais pas de situations.
    Si tu m'écris à monsieurdividende@gmail.com je te dirai ce que je fais de manière plus détaillée. J'essaie de me garder une petite gêne sur ce site. On ne sait jamais qui peut le consulter. Cela dit, dès que je suis payé j'investis une portion de cet argent dans des titres à dividende. Le but, comme toi, me verser un salaire de cette façon. Petit à petit le ruisseau fait son lit... ;-)

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  15. Salut fellow Montrealer! I never realized there were so many early-retirees-in-the-making in this city! :D

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  16. Salut MrSLM! Yes, we will have to find people from neighbouring cities to take the job load once we are all gone fishing! ;-)

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  17. Salut Monsieur Dividende! I have been reading your blog for a while, good job on the progress! We share a lot of the same stocks, and the same appetite for these nice dividends. Fellow Montrealer here, same goal. Keep it up :)

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    Replies
    1. Salut PFSurfers, Thanks for the nice comment coming from a fellow Montrealer. ;-) I try to do my best -- I wish it would go faster. But, as you know, it takes time to reach financial independence. But much more time if don't ever start! ;-)

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