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Advice from you animals

Discussion in 'Lounge' started by SICK, Oct 16, 2014.

  1. SICK

    SICK Lounge Moderator

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    This should go..........terrible.


    But seriously, hit me with some advice.

    I am currently working as a Treasury Analyst for a small community bank in Charlotte NC. I am not making a ton, but it's not bad. I have been in banking since 2007. My CEO just took a big dump and up and quit a month ago with NO ONE knowing, and we are all kind of walking around like zombies not know whats happening. We have a great interim-CEO who is also our COO. And things havent changed much, but things are in the air and that terrifies me.

    Fast forward to a week ago, one of our 3rd party financial planners that has an office behind mine pulled me aside and we talked about me moving into the financial planning / Insurance side of the financial industry. I have thought about this before, but never really looked too deep into it. I could and would be great at it. Helping customers, building a relationship, giving advice etc.

    The joys of having my own set hours, and limitless potential in earnings is of course the HUGE pros in the matter. The cons are in a commission job, starting off the bat is tough until you get that book of business grown. I know a real good group of people around me, and I am not afraid to call on them. Leaving to comfort of a steady pay check every 2 weeks to go into the unknown, but potential way bigger income is terrifying yet exciting. I am still young, and doing research....only 5% of financial advisors right now are under 30. For the next 10 years 16000 financial advisors will retire every year. There is a HUGE growth potential and tons of new clients and books of business being passed on every year. Nows the time to do it.

    I have an interview tomorrow, I will ask the big important questions (benefits, base income? ramp-up periods etc)...its a great company to work for, a branch under Mass Mutual.....and its exciting to think of the possibilities.

    I saw a quote that was really cool that made me think of my feelings right now:

    "What if I fall?!........But what if you FLY ?"

    Thanks in advanced for the jokes, .gifs, Barry and Mclovin not being funny or wanted, and the real advice......
     
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  2. GridIronKing34

    GridIronKing34 Silently Judging You

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    I suppose the advice I gave Maynard earlier this week won't apply but I'll say it anyways.

    You need to take a long, hard look at yourself in the mirror tomorrow then wipe the ****ing *** off your lips because you have an interview to go to.
     
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  3. bigbry

    bigbry Huge Member

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    Sick,

    You are facing the question of earning unlimited income???? really unlimited? or doing the weekly grind and a steady paycheck.

    If you really want the big money then prepare to starve initially and then be highly motivated for years on end. So motivated that working any hours day or night 7 days a week will not deter you.

    Some people will come to your office location but you will have to go out and get your own clients. If one of those calls and says they can meet with you at their home at 7AM next Sunday you had better be there. You better show up bright and prepared...top of your game.

    If you at all cannot be honest with yourself and fully understand it will take years, AND understand its all up to you, then don't do it.

    If I were you, go be a fluffer in the gay porn industry like McLovin.
     
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  4. Alex44

    Alex44 Boshosaurus Rex

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    Go for it Sick. Jobs like the one you currently have are great, but you have a chance to take a risk and greatly benefit from the reward. If you don't take this opportunity, will you have other opportunities to advance to other positions? Eventually you will have to go for something bigger anyway, and you may as well take this great chance now.

    If you fail you have a record of positive work in your current position and it's more likely you could get your old job back (or another like it) than that you would be fired or something. Go for it!! It may be a bit rough right away, but all things worth having are worth fighting for.
     
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  5. MikeHoncho

    MikeHoncho -=| Censored |=-

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    Dude, just show her your di- wait, never mind. Wrong thread.
     
  6. Alex44

    Alex44 Boshosaurus Rex

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    Ive had a few beers, but I want to say Im proud of you bro! Grind it out. You're one of the smarter posters here.
     
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  7. unluckyluciano

    unluckyluciano For My Hero JetsSuck

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    do the interview -> continue to research the job further
    When you start you probably will have to work a lot initially to built your base unless they promise to help you with that. Something you might want to ask at the interview.
    As for the transition, I've been through several. Usually it ends not as scary as you think. As long as your company is healthy. Really, the best advice is research both ends and decide from there. Don't choose one because one seems less scary than the other. Choose the one that you want to do and has the greatest potential for whatever will make you happy.
    Oh, and don't tell anyone at work about the interview any subsequent offers till you decide what to do.
    Also, if you want you can explore doing the same thing at yoru current job. Talk to your boss and see what they say. Worst they can say is no.
     
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  8. McLovin

    McLovin Resident Pats fan.

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    you think you're soooo clever, don't you. i hope you eat a bag of ***** and starve and die in your own feces.


    Now, my advice about the job.. Being a recruiter isn't much different. I get a measly base pay, but am very well compensated on new hires. I've gone weeks and even a month without closing a contract. I've also had so many I can't keep up with them all. When a Doc has time to interview, just like Bry said, I have to be ready to go, even if it's Sunday morning and Lmeister's mom still wants round 3. I've been up at 2 am on a weeknight making phone calls into hospitals just to get someone on the phone I have on my radar. Money, success and pride are your motivators, maybe the ability to buy alcohol and pregnancy tests as well, but you know that already.

    Even for a young lamb, I think you have the desire to succeed, and you have the discipline. Just be prepared to lose your social life and spend some more time away from the Mrs and the boy for a bit. Once you build up a good base, referrals will start making their way to you. It took me about 6-7 months after I started before I got my first commission check due to the pre-req's set in place. Get cozy with some one who has been in the business for a long time, 10+ years. Learn from them, stroke them, and convince them to give you their clients when they retire or leave.

    Also, this:

    NSFW strong language

    [video=youtube;VZhPiYA9PNk]http://www.youtube.com/watch?v=VZhPiYA9PNk[/video]
     
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  9. McLovin

    McLovin Resident Pats fan.

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    Oh, and this.



    [​IMG]
     
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  10. Boik14

    Boik14 Season Ticket Holder Club Member

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    To what Lucky said how are you getting new leads? Are they giving you a list of warm list to cold call from? Or are you just going through a rolodex/phone book to call from? Im assuming you have a small clientele list willing to follow you right? If the answer to the last question is no, Im not sure Id do it.

    Working in sales for 9 years and having been successful at it and having an Aunt who is extremely successful with sales over the last 20 years (mostly in pharmaceuticals) you need a customer base willing to follow you. Ask yourself if you have that. I have customers that have traveled 20-30 minutes extra, that wait an hour to deal with me even though there are places they can get the same products I sell closer and quicker.

    Whatever you decide, good luck and I hope it turns up aces for ya bro.
     
  11. McLovin

    McLovin Resident Pats fan.

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    you could always get Cash to be your "closer"
     
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  12. Fin D

    Fin D Sigh

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    Fortune favors the bold.
     
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  13. bigbry

    bigbry Huge Member

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    Great Ben Afflect, Boiler Room.

    Sell or GTFO!
     
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  14. SICK

    SICK Lounge Moderator

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    Yes. My first line of attack is calling my customers I had at a larger bank in customer service in Coulwood, NC. I was the leading Wealth Management referral closer in my region all 2 years I was there. Real big, older market, small town, and they all talk. I had people like you said, waiting an hour to see me, and all they wanted was to talk about their grandkids, or ask me about CD rates. I can call a couple of my real good clients right off the bat, set meetings, and give them cards, tell them to let everyone know at their church, their kids baseball games, their nursing homes, to call me! I have NO FEAR asking for that. The good thing is I signed no compete clause or anything of that nature, and have no worries calling on my old clients from my time in small towns like Belmont and Coulwood.

    I have an extensive social media following, and will utilize that (Don't worry guys I won't hound you.....too much). I also plan to make my rounds to local Chamber events, financial seminars, classes whatever it takes! I would never jump from a cozy comfy job to this if I didn't have a bit of a plan. The only worry is the start up phase.

    I will ask in my interview (in an hour)....about ramp-up period, graveyard business (their adviser retired, or quit the industry) that I can call on, lead generators, bonuses, benefits, commission pay out etc.

    This will be a huge decision my wife and I discuss this weekend. We both know it'll change our day-to-day for the short term, but if it greatly benefits our long-term into the future, it's worth a try!
     
  15. SICK

    SICK Lounge Moderator

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    Interview went awesome! She said I had fantastic questions, and believed I'd do really well in everything. Lots of support available, un-capped company so I can sell outside of Mass Mutual which is great. They pay for all my licensing and trainings. She's sending me more information soon. I'll follow up with everyone soon.
     
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  16. McLovin

    McLovin Resident Pats fan.

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    I'd be happy to come down and pick up Todd and Padre so we can discuss this properly with Astroglide.
     
  17. Unlucky 13

    Unlucky 13 Team Raheem Club Member

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    Depends on who you are of course. Personally, I couldn't ever work that way. I'm the extreme end of risk aversion, and would fail miserably in that enviornment.

    If I was told I had a 99% chance to make 30k a year in a standard hourly job, or a 50% chance at a million dollars in commison, I'm going for the 30k job every time.
     
  18. MikeHoncho

    MikeHoncho -=| Censored |=-

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    Hi, Joe?


    Joe Philbin, is that you?
     
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  19. unluckyluciano

    unluckyluciano For My Hero JetsSuck

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    "On second and 8 I would punt the ball away"
     
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  20. Paul 13

    Paul 13 Chaotic Neutral & Unstable Genius Staff Member

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    You're married with kid(s) right? If you do end up leaving your current job, do it the right way, don't burn any bridges. Keep the relationships you've built with those around you at your job. You never know, you may need them some day.
     
  21. bigbry

    bigbry Huge Member

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    HA Ha You got the brush-off.

    YOU.DIDNT.CLOSE.
     
  22. SICK

    SICK Lounge Moderator

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    Yup. I can sell Metlife, NY Life, Prudential etc.....Not married to just Mass Mutual products which is huge.

    Oh of course not, I love the people I work with here, would never go out like a chump. Always keep em smiling and wanting more, like Maynard.

    Took all the assessments, have an interview with my future boss Wednesday evening at his office.

    Suck it Trebek.
     
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  23. bigbry

    bigbry Huge Member

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    Remember the scene in Fight Club where Norton kicks the **** outta himself in the office of his boss?

    52 paychecks, flight vouchers, office supplies...etc....

    Do it!
     
  24. Stringer Bell

    Stringer Bell Post Hard, Post Often Club Member

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    Great profession to get into, but need to time it right. Your income is directly tied to the performance of the markets. Can you steal clients at the top of the market?

    Sent from my HTC One using Tapatalk
     
  25. CashInFist

    CashInFist Well-Known Member

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    You are 100% correct. If you don't close it when you're right there right now there is almost 100% chance you never will. Honestly SICK, don't do it. Go for something else that has steady pay, IMO.
     
  26. McLovin

    McLovin Resident Pats fan.

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    Yea, then you can pull the WV dimes like cash
     
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  27. Unlucky 13

    Unlucky 13 Team Raheem Club Member

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    LOL, my way has worked for me thus far. I take the long view.

    To further the football analogy, I just try to keep getting first downs and moving the ball down the field, rather than throwing long bombs.
     
  28. unluckyluciano

    unluckyluciano For My Hero JetsSuck

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    "start of the second quarter, down by 7, better take a knee to run down the clock."
     
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  29. Ohio Fanatic

    Ohio Fanatic Twuaddle or bust Club Member

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    Don't do it unless you are the kind of person that works his *** off for the right reasons and can have passion for this new position. Usually, doing something just for more money without passion ends up in failure in the long run.
     
  30. HardKoreXXX

    HardKoreXXX Insensitive to the Touch

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    I'm also in banking, and I've had this same inner struggle.

    The good news is, it takes a while to get your 6, 7 and 63 licenses so you have time to plan out your move.

    Also, if you do decide to go into investment banking, you can go virtually anywhere once you've obtained those licenses.

    No offense to the bank your at, but I'd go somewhere bigger so that it doesn't take so long to build your book.
     

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