Advisorheads Homepage
Forum Home Forum Home > Introductions > Greenhorn Introductions
  New Posts New Posts RSS Feed - I need to quit my job. I know this is for me.
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

I need to quit my job. I know this is for me.

 Post Reply Post Reply Page  123>
Author
Message
Jake48 View Drop Down
Rookie
Rookie
Avatar

Joined: Nov/03/2020
Location: California
Status: Offline
Points: 8
Post Options Post Options   Thanks (0) Thanks(0)   Quote Jake48 Quote  Post ReplyReply Direct Link To This Post Topic: I need to quit my job. I know this is for me.
    Posted: Nov/03/2020 at 12:42am
I work 35-40 hours a week and make 400k selling door to door. Thing is i have no passion for it and cant take it any more. Ive been doing it since I graduated college in 2012. And im done. I dont care about the money ill do a job for 100k if i can sell something im passionate about and that makes a difference in peoples lives. I want to be in a profession where I feel fulfilled. as soon as my times up im out. I have no problem cold contacting people, its all ive done for years, all day every day mom-saturday. And all Ive heard people complain about in this indistry prospecting and cold calling. i am the best sales person in my industry. Probably sold some of yall lol. I can do it all day rejection doesnt scare me. I know if i took a job as a financial advisor I would start at a fraction but I have NO DOUBT id eventually be making 7 figures. HERES THE PROBLEM. I couldnt tell you the difference between a stock and a bond! Im litterally as green and foreign to the financial world as anyone could be. I’m about as knowledgeable as kindergardner, seriously! And I dont like winging it. I could get a job and sell financial products all day that i kmow nothingh about but i have an ethical issue with that and speaking about something i dont understand is not something im willing to do so please dont talk to me about the jumping and learning to swim philosophy. I know you can never grasp every detail of an industry and im not trying to but i want to at least have some understanding to speak intellegentlu on the subject PRIOR to working in the field. Im a slow learner but once i learn it i excell at it. Im good at studying i just dont know what to study there so much material out there. It crossed my mind taking some night classes maybe get my mba but its too broad i just need a schooling in financial advising, the terminology, ideas, something to wrap my head around and get some grounding in. Im contracted with my current company for 18 more months so I wanted to take this time to study. Can you guys please recommend some books that I could read that would give me knowledge on the subjects that id cover so that I could study and be prepared to speak intelligently on the subject. I dont want sales books or psycology books i know all that. Freaking websites out there telling me to study art of war to be prepared for financial advising haha i get it im a salesmen but again, educational, terminology, definitions, thats what im looking for. if anyone has suggestions it would be EXTRMELY valuable to me thanks!
Back to Top
helado View Drop Down
Gold Member
Gold Member
Avatar
The Resource

Joined: Jun/17/2013
Status: Offline
Points: 21284
Post Options Post Options   Thanks (0) Thanks(0)   Quote helado Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 2:33am
What do you sell now?

By the way, my advice would be to just stay doing what you're doing.  You aren't even 30 and you're making $400K.  It will take you 10 years to be making $400K again. 

Response to your question about books, is fuck books.  Read here.  Read at Bogleheads.org.  Hell, take the CFP courses.  That will teach you everything you need to know about what you'd be selling.  18 months, you've got time.


Edited by helado - Nov/03/2020 at 2:34am
My posts are for abrasive entertainment only. Nothing posted is investment, legal, tax or any type of advice, nor is anything mentioned true or even based on real events. Posts are complete fiction.
Back to Top
Wet_Blanket View Drop Down
Admin Group
Admin Group
Avatar
Team America (not iMo)

Joined: Mar/10/2010
Location: New England
Status: Online
Points: 30879
Post Options Post Options   Thanks (0) Thanks(0)   Quote Wet_Blanket Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 8:08am
Helado - money doesn't matter to him.  If he gets into financial advising, and doesn't like it, do you really think he would have a hard time getting is old job back?

Jake48 - Get a Series 7 study book, read that and take the practice exams.  Once you get the basics down, you can learn the nuance on the job.
September 23, 2020

Moraen: Book it. Trump wins by a huge margin.
Back to Top
WarPig View Drop Down
Senior Member
Senior Member
Avatar

Joined: Dec/12/2019
Status: Online
Points: 2154
Post Options Post Options   Thanks (0) Thanks(0)   Quote WarPig Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 8:29am
Make sure to enter a profession where you don't have to communicate with clients via the written word. Paragraphs bro!
Back to Top
luvindy View Drop Down
Gold Member
Gold Member
Avatar

Joined: May/17/2010
Status: Offline
Points: 18783
Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 10:17am
Originally posted by WarPig WarPig wrote:

Make sure to enter a profession where you don't have to communicate with clients via the written word. Paragraphs bro!

Came here to say this.


8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time."
Dow 13,090 S&P 1406
5/23/13 UC:Dow 20k before 20% crrectn Dow 15,322
Back to Top
bc2051 View Drop Down
Gold Member
Gold Member


Joined: Jun/19/2013
Location: St. Louis
Status: Offline
Points: 21125
Post Options Post Options   Thanks (0) Thanks(0)   Quote bc2051 Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 10:32am
Come to Edward jones.  I usually wouldn’t recommend that, but they will start you from zero. Make a plan to stick with it for 3 yrs and then look at other options. I guess you could work on getting the CFP in your spare time 

Read wolf22’s thread. He is probably making 250-300k and did it from knocking on doors.  He is the exception, however, and you might be as well. 

You may find that this profession is as unethical as yours. I’m going to guess Comcast?


Back to Top
Wet_Blanket View Drop Down
Admin Group
Admin Group
Avatar
Team America (not iMo)

Joined: Mar/10/2010
Location: New England
Status: Online
Points: 30879
Post Options Post Options   Thanks (0) Thanks(0)   Quote Wet_Blanket Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 10:38am
I think his story is fake.  Nathan tells us all the time it is impossible to make money in CA.
September 23, 2020

Moraen: Book it. Trump wins by a huge margin.
Back to Top
WarPig View Drop Down
Senior Member
Senior Member
Avatar

Joined: Dec/12/2019
Status: Online
Points: 2154
Post Options Post Options   Thanks (0) Thanks(0)   Quote WarPig Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 11:01am
Originally posted by Wet_Blanket Wet_Blanket wrote:

I think his story is fake.  Nathan tells us all the time it is impossible to make money in CA.

Are you on vacation this week?
Call me Ike
Back to Top
Jake48 View Drop Down
Rookie
Rookie
Avatar

Joined: Nov/03/2020
Location: California
Status: Offline
Points: 8
Post Options Post Options   Thanks (0) Thanks(0)   Quote Jake48 Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 11:05am
Oops meant to “quote” someone instead of reply i think

Edited by Jake48 - Nov/03/2020 at 11:11am
Back to Top
Jake48 View Drop Down
Rookie
Rookie
Avatar

Joined: Nov/03/2020
Location: California
Status: Offline
Points: 8
Post Options Post Options   Thanks (0) Thanks(0)   Quote Jake48 Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 11:12am
Originally posted by helado helado wrote:

What do you sell now?

By the way, my advice would be to just stay doing what you're doing.  You aren't even 30 and you're making $400K.  It will take you 10 years to be making $400K again. 

Response to your question about books, is fuck books.  Read here.  Read at Bogleheads.org.  Hell, take the CFP courses.  That will teach you everything you need to know about what you'd be selling.  18 months, you've got time.



Cool, thanks. Do those classes expect you to come in with a knowledge of anything before hand? I remember skipping a pre req class in college and it was the longest semester of my life.

I like that idea, but I would really be going in with no knowledge though. If they expect the students to come in not knowing anything then I might go that route
Back to Top
Wet_Blanket View Drop Down
Admin Group
Admin Group
Avatar
Team America (not iMo)

Joined: Mar/10/2010
Location: New England
Status: Online
Points: 30879
Post Options Post Options   Thanks (0) Thanks(0)   Quote Wet_Blanket Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 11:13am
Series 7 practice books/exams will teach you the basics of investing (as in what a stock is, an option, a bond, etc.).
September 23, 2020

Moraen: Book it. Trump wins by a huge margin.
Back to Top
Wet_Blanket View Drop Down
Admin Group
Admin Group
Avatar
Team America (not iMo)

Joined: Mar/10/2010
Location: New England
Status: Online
Points: 30879
Post Options Post Options   Thanks (0) Thanks(0)   Quote Wet_Blanket Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 11:13am
Originally posted by WarPig WarPig wrote:

Originally posted by Wet_Blanket Wet_Blanket wrote:

I think his story is fake.  Nathan tells us all the time it is impossible to make money in CA.

Are you on vacation this week?
Nope. My kids are learning remote this week (from my office) so I am in the office a lot more than usual this week.
September 23, 2020

Moraen: Book it. Trump wins by a huge margin.
Back to Top
Jake48 View Drop Down
Rookie
Rookie
Avatar

Joined: Nov/03/2020
Location: California
Status: Offline
Points: 8
Post Options Post Options   Thanks (0) Thanks(0)   Quote Jake48 Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 11:13am
Originally posted by WarPig WarPig wrote:

Make sure to enter a profession where you don't have to communicate with clients via the written word. Paragraphs bro!


Haha sorry about, I was semi venting on my phone and didn't think to put those in my bad lol
Back to Top
Jake48 View Drop Down
Rookie
Rookie
Avatar

Joined: Nov/03/2020
Location: California
Status: Offline
Points: 8
Post Options Post Options   Thanks (0) Thanks(0)   Quote Jake48 Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 11:16am
Originally posted by Wet_Blanket Wet_Blanket wrote:

Series 7 practice books/exams will teach you the basics of investing (as in what a stock is, an option, a bond, etc.).


Thank you for this man. I think coupling this with the cfp classes would help me a lot, thanks for the idea
Back to Top
Iamlegend View Drop Down
Gold Member
Gold Member
Avatar

Joined: Mar/09/2010
Status: Offline
Points: 17609
Post Options Post Options   Thanks (0) Thanks(0)   Quote Iamlegend Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 11:25am
The CFP classes have no pre-reqs and they are online for the most part. 
Back to Top
Jake48 View Drop Down
Rookie
Rookie
Avatar

Joined: Nov/03/2020
Location: California
Status: Offline
Points: 8
Post Options Post Options   Thanks (0) Thanks(0)   Quote Jake48 Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 11:36am
Originally posted by bc2051 bc2051 wrote:

Come to Edward jones.  I usually wouldn’t recommend that, but they will start you from zero. Make a plan to stick with it for 3 yrs and then look at other options. I guess you could work on getting the CFP in your spare time 

Read wolf22’s thread. He is probably making 250-300k and did it from knocking on doors.  He is the exception, however, and you might be as well. 

You may find that this profession is as unethical as yours. I’m going to guess Comcast?





Ok cool. Seems to be a reoccurring idea to take the CFP classes, thanks bro. As far as Edward Jones goes, why would you typically not recommend it?

I’ve heard their “programs” or whatever that they use to manage clients portfolios isn’t very “advanced” or whatever, that the other companies are more catered to high net worth individuals. Is that true? Does it matter?

Also, if I did three years there and transferred somewhere else wouldn't they give me issues bringing my people to the other place?

Aside from those two issues, I like the idea of them teaching me from nothing, because that’s where I am at. Do the other companies expect you to come in with an existing knowledge of the industry ?

And I like the door knocking approach, would other companies frown on knocking on doors? What about during the pandemic?

I knocked beginning of spring and all summer with the pandemic and had a lot of success.. would the finance companies give me an issue doing that now?

I guess in the next 18 months things would probably be more normal..hopefully.

I sell Alarms for a company Vivint. Just to be clear, I’m in no way unethical.

Apparently I butchered that, what I was trying to say was I find it unethical to sell something I don’t have an understanding off, thanks for helping me clarify that..
Back to Top
Jake48 View Drop Down
Rookie
Rookie
Avatar

Joined: Nov/03/2020
Location: California
Status: Offline
Points: 8
Post Options Post Options   Thanks (0) Thanks(0)   Quote Jake48 Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 11:38am
Originally posted by luvindy luvindy wrote:

Originally posted by WarPig WarPig wrote:

Make sure to enter a profession where you don't have to communicate with clients via the written word. Paragraphs bro!


Came here to say this.




Back to Top
B24 View Drop Down
Moderator
Moderator
Avatar

Joined: Mar/09/2010
Status: Online
Points: 19089
Post Options Post Options   Thanks (0) Thanks(0)   Quote B24 Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 12:27pm
You make 400K selling alarms?

Not for nothing, but I might milk that for a while, spend a few years getting your CFP, reading as much as you can about our business, and spend some time networking with people in our business before you just jump right in cold. You may get lucky and come across someone that is looking to hire a young guy to eventually take over his practice.

Fuck, honestly, if I was making 400K at age 30, I'm not so sure I would be jumping that quickly to leave and get into this business.

Oh, and plow as much money into savings as possible.
"If Bellicheat pulls that rabbit out of his a$$ with this kid at quarterback, I'll personally kiss his ring." - Sporsfreak, 09/20/16

"Jags/Vikes Super Bowl. Write it down" - Sportsfreak 01/19/18
Back to Top
luvindy View Drop Down
Gold Member
Gold Member
Avatar

Joined: May/17/2010
Status: Offline
Points: 18783
Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 12:42pm
Back when I was door knocking, I learned the business by listening to a quality AM radio show. It was just moving to podcast. Listen to the right shit and you can learn a lot. 

I have no idea what is available that's quality anymore, but I would guess something would exist.
8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time."
Dow 13,090 S&P 1406
5/23/13 UC:Dow 20k before 20% crrectn Dow 15,322
Back to Top
newbieRIA View Drop Down
Member
Member


Joined: Jul/27/2020
Status: Offline
Points: 322
Post Options Post Options   Thanks (0) Thanks(0)   Quote newbieRIA Quote  Post ReplyReply Direct Link To This Post Posted: Nov/03/2020 at 12:44pm
I made 873k at 30 years old, it almost killed me.  I think this kid is smart for getting out of a very transactional business and start something reoccuring.  He will be 40 making 500-750k a year reoccuring if he can hustle as much as he said.  Def get into ethic training and learn how to invest a portfolio.  This job is a sale job with knowledge of asset allocation.  Thats all it is if you just want to put people in model portfolios and not do planning work.
Back to Top
 Post Reply Post Reply Page  123>
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.03
Copyright ©2001-2019 Web Wiz Ltd.

This page was generated in 0.203 seconds.