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Considering a career change...
Posted on 3/1/24 at 4:31 pm
Posted on 3/1/24 at 4:31 pm
I have been in the investment industry in one form or another for my entire career - mutual funds, banks, fintech currently and can't imagine doing this for the rest of my life. I make a great living and WFH, but no interest anymore and bored as hell ... I am not complaining because I know am fortunate. I feel like in the second half of my career I need a challenge, do not want a ceiling with salary, and love the idea of building something while helping people.
All that said, I have been investigating insurance sales - primarily life and health. Reasons being is I like the idea of being an independent broker, being able to help people, and earning potential. Early on I had numerous offers to be in investment sales, but one of my early lessons in this industry is very few people need securities sold to them with the emergence of ETFs - the whole setup never felt great to me. Had all my licenses, but decided to work on trading desks and saw how the sausage was really made. Obviously, insurance gets a bad rap, but I would argue needs for those products any day over stock or MF sales.
I know there will be a financial investment and will have to grind, but that is what I want now my children are older. I have the potential to keep my fintech job (WFH and flexible hours) and do this on the side to start - hours would stack up obviously. My personality has always put people at ease and can usually connect to anyone I try with - my background should increase and help add credibility.
Anyone with experience have any advice
All that said, I have been investigating insurance sales - primarily life and health. Reasons being is I like the idea of being an independent broker, being able to help people, and earning potential. Early on I had numerous offers to be in investment sales, but one of my early lessons in this industry is very few people need securities sold to them with the emergence of ETFs - the whole setup never felt great to me. Had all my licenses, but decided to work on trading desks and saw how the sausage was really made. Obviously, insurance gets a bad rap, but I would argue needs for those products any day over stock or MF sales.
I know there will be a financial investment and will have to grind, but that is what I want now my children are older. I have the potential to keep my fintech job (WFH and flexible hours) and do this on the side to start - hours would stack up obviously. My personality has always put people at ease and can usually connect to anyone I try with - my background should increase and help add credibility.
Anyone with experience have any advice
Posted on 3/1/24 at 4:33 pm to geauxdroddz
quote:
I have been investigating insurance sales - primarily life and health. Reasons being is I like the idea of. . . being able to help people
Posted on 3/1/24 at 4:34 pm to geauxdroddz
quote:
I need a challenge
quote:
do not want a ceiling with salary
quote:
love the idea of building something while helping people.
Welding school should be in your future plans.
Posted on 3/1/24 at 4:34 pm to geauxdroddz
quote:
WFH,
You call this a career?
Why don’t you try working for a living instead of drinking hot chocolate and talking about healthcare
Posted on 3/1/24 at 4:34 pm to geauxdroddz
I don’t have any advice because I’ve wanted to change careers for years but haven’t due to the money. Oddly enough, I’m very interested in doing what you know longer want to do.
Posted on 3/1/24 at 4:36 pm to lnomm34
quote:
I have been investigating insurance sales - primarily life and health. Reasons being is I like the idea of. . . being able to help people
I get it, but its all relative...
BIL at the age of 42 dropped dead beginning of Feb, his 4 girls under the age of 18 wish he had some insurance.
Posted on 3/1/24 at 4:36 pm to geauxdroddz
There’s always ditch digging or trash collection
Posted on 3/1/24 at 4:37 pm to Ghost of Colby
once you run out of friends and relatives to sell to , the monthly take is much tougher. Unless you set up the perfect pyramid.
Posted on 3/1/24 at 4:39 pm to Trevaylin
quote:
once you run out of friends and relatives to sell to , the monthly take is much tougher. Unless you set up the perfect pyramid
Id start with buying leads, likely the best I can find.
Posted on 3/1/24 at 4:42 pm to geauxdroddz
Apparently there is great need for Air B&B conflict resolution brokers in Europe. If you can carry 6 pieces of luggage you're golden.
Posted on 3/1/24 at 5:00 pm to SPT
quote:
There’s always ditch digging
Ditch digging made my pawpaw and dad millionaires, and my brother and I are doing pretty damn good ourselves.
Posted on 3/1/24 at 5:08 pm to geauxdroddz
quote:
I have been in the investment industry in one form or another for my entire career - mutual funds, banks, fintech currently and can't imagine doing this for the rest of my life. I make a great living and WFH, but no interest anymore and bored as hell ...
Totally get it. Somewhat same.
quote:
I have been investigating insurance sales - primarily life and health.
Huh, bruh?
Posted on 3/1/24 at 5:11 pm to Mr. Curious
quote:
Can you code??
Some, but thats more boring in my opinion.
Posted on 3/1/24 at 5:25 pm to geauxdroddz
you want to help people so your solution is to get into insurance?
Posted on 3/1/24 at 5:28 pm to hubertcumberdale
quote:
you want to help people so your solution is to get into insurance?
Yep, that is listed as a reason and noted an example in this thread.
Any other questions?
Posted on 3/1/24 at 5:30 pm to geauxdroddz
quote:
I make a great living
How much a year? I’ll determine if it’s a great living or not.
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