January 24, 2012, 5:00 am

I Got The Job!!!

by: The Financial Blogger    Category: Career
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Wow!

 

 

2012 will definitely be a great year!

 

I’ll be a father for the 3rd time!

 

I’m about to pass the ultimate test with my company!

 

I’ve been awarded the Best Financial Planner in Montreal within my company for 2011!

 

And I’ll be working 5 minutes away from my house!

 

Yup, I got the job of my dreams!

 

I know, it’s a funny line coming from a guy who advises to quit the rat race ASAP. But when you do something that you love, don’t have to work ridiculous hours and that brings you a very high level of security, it’s hard to spit on it!

 

Once I go back to work after my paternity leave (which is at the beginning of March), I’ll be starting at my new job.  I had the opportunity to leave for 7 months with 75% of my base income under the paternity and maternity leave program. This was my other plan as I really wanted to see how far I can push my companies. With this promotion, I couldn’t take off for that long but I was able to negotiate 6 weeks of paternity leave prior to starting my new job.

 

The reason why I’m staying in the rat race

 

There are 2 big reasons why I’m voluntarily staying in the rat race (with a smile on top of that!):

1-      I’m scared to leave the comfort of a bi-weekly pay check

2-      The job offered is the most exciting and motivating job I could think of

 

Considering the latter, I’d say that it was a no brainer choice for me. While I’m still in the corporate world where I have to report to a manager, the job itself is made of pure magic! My mandate will be to develop my own book of clients as I’ll be starting from scratch. My main targets are millionaires, which is very interesting as it opens the door to infinite possibilities in terms of financial planning (holding companies, business transfers, estate planning, trust structures, etc.).

 

The job obviously comes with a healthy salary and a generous bonus grid. What I like the most is that my boss will be in different office 50km away from mine. This means that I’m definitely considered as a true professional and that nobody will follow me to see what I am doing on a daily basis. To be honest, I don’t really work well in an army structure with a “general” ;-). I’m better off left alone so I can unleash my talent and start hunting.

 

Better lifestyle, lower expenses and a career for life

 

I’ve made this move for the other 3 reasons mentioned above. The fact that I’ll be working at 5 minutes from my house grants me with a huge improvement in qualify of life. I’ll be able to keep blogging, going to the gym everyday and SLEEP full nights as well! How cool is that?

 

In 2011, my biggest expense was transportation costs. Believe it or not, but it had cost me $10,000 just for me (I’m not including transportation costs related to my Tribute which is driven by my wife). That $10,000 was mainly gasoline, parking, metro tickets and car maintenance. By switching jobs, I’ll be able to cut this expense to almost $0 which will help me achieve my 2012 financial goal of paying down my debts.

 

The third reason I picked this job is because it can be a career for life. If I like what I do, I’ll be able to do this for the next 25 years and retire at 55 J. I know very well in my industry that once your book of clients is built and you do a good job (this takes about 4-5 years), the money comes in while you sleep. It’s almost like another source of passive income ;-).

 

I’m very excited to start this job!

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Comments

That’s awesome! Very exciting! The blogging world better watch out when you get 6 free weeks on your hands, though. 😉

Congrats TFB!

Did you give up all the clients from your old job? I’ve saved a ton on transportation by moving close to work. I can walk there!

When I make my million, I’ll come knocking on your door! lol.

that’s a great news!!! congrats!! way to go Mike!! 2012 will be so memorable!!

Congratulations. The decreased commute time will be well worth it by itself let alone all the other perks.

Congrats! the freedom will be nice. you will be able to customize your schedule and hopefully make it work even better

Wow definitely sounds like 2012 is/will be great for you!

Congratulations. This is awesome!! What a great way to start the year.

Congrats! It’s definitely a huge win to work close to home.

by: The Financial Blogger | January 24th, 2012 (5:13 pm)

thx everybody!

@20’s finance,
I hope my kid will sleep from time to time as I have tons of projects for those 6 weeks 😉

@FB,
I don’t get much money out of my company at the moment due to my high marginal tax rate. I rather keep the money in the company and make it grow. It’s definitely worth it!

Wow! So much blessing has come your way this start of new year, congrats to your new career and your new upcoming baby!

Congrats! How does the pay compare to the old job?

GREAT stuff. Very well done!!!!!!!!!!!!

by: The Financial Blogger | January 28th, 2012 (8:03 am)

@Sam,

There is not a big difference with the base salary. I’m still waiting to see the commission structure. I know it will be better than what I had but I need to bring in the numbers to be paid ;-).

Congratulations on the baby! Third time? Wow! This is huge! I bet you are excited AND a little bit nervous, aren’t you? Keep us all updated. Congrats on the job, too! Seems that 2012 is going to be a great and quite busy year for you. 🙂

by: The Financial Blogger | January 29th, 2012 (5:46 pm)

Hey Aloysa,
yeah we are excited and nervous!!! hahaha! still waiting!