About 5 years ago I was recruited into a financial services company.This company is out side the traditional corporate structure but It is not a scam. I am licensed for life insurance, mortgage and securities and I help people get out of debt and on track for financial freedom.
the other aspect of the business is an opportunity to recruit people into an opportunity to build biz within the company. It is commision only and most people dont make a lot of money at first because there is a transition that has to happen from being a paid employee to building a business and there is a 6-7 figure income opportunity. In other words there is an aspect of multi level marketing but I don't think that is a bad thing.
Even 5 years in I make real good money and am getting my business built and I still have family members asking me when I'm going to get a real job? Or telling me that I am brain washed and this is a cult . I get so tired of this. What is your take?
2006-12-03 03:28:09 · 5 answers · asked by Anonymous in Social Science ➔ Psychology
if you are happy with your job and believe that you are with a good company then stay. if you see you are making progress with the company and are able to support yourself the way you need to then i don't see the problem. maybe it is because the company is non-traditional that your family worries. ultimately though, the choice is yours.
2006-12-03 03:33:12 · answer #1 · answered by d☻min☺ 5 · 0⤊ 0⤋
If you're talking about Primerica (assume you are) then you should know that they have a horrible reputation in the financial services industry. Part of that reason is that we all remember MILICO, AL Williams, American Can, and the rest of the story until they became Primerica.
Quite frankly, I don't trust anyone who recruits people who don't have the mental capacity to figure IRR's or even know what they are. My local Primerica people do not strike me as anyone that I'd like to trust with my home, my family fortune, or even with the care of my dog. They are a bunch of idiots, talking about things that they don't know anything about, doing tons of damage to people's finances.
The reason why the Series 6, 63, and all of the life licenses, have such stiff CE requirements, and are so tough to pass, is that the industry saw all of the damage that AL Williams / Primerica people were doing to people's finances.
If you are really making "good money" (a veteran Northwestern Mutual Life agent makes $100k a year in renewals alone, so it can be done) then show them your income tax forms to prove it.
Beyond that, stop talking about them becoming agents, and just sell them some securities, life insurance, etc. In other words, GET A LIFE. You don't live to work, you work to live.....
2006-12-03 11:51:10 · answer #2 · answered by geek49203 6 · 0⤊ 1⤋
Sounds to me like your family members are the one trying to brain wash you, not the company you belong to. If you make good money, then they are just jealous at your hard work, and your good payoff.
2006-12-03 11:32:05 · answer #3 · answered by apple 4 · 1⤊ 0⤋
ARe you living on your own? If so--move on and don't worry about it. They are just concerned because maybe you aren't doing as well financially as they see you are capable of and maybe they also see something there that you dont.
2006-12-03 11:31:59 · answer #4 · answered by smeezleme 5 · 1⤊ 0⤋
Be careful sound like a pyramid scheme that will eventually fail.
2006-12-03 11:35:44 · answer #5 · answered by teddybear 3 · 1⤊ 0⤋