The first time I was ever introduced to the finance world was when I watched The Thomas Crown Affair.
If you've never seen it, it's a story about a "finance geek" who had built an empire worth hundreds of millions of dollars, and was so bored from getting his way all the time that he decided to steal an expensive painting.
Definitely worth a watch.
I immediately fell in love with the lavish lifestyle that he lived in that movie.
He had the gorgeous mansion in Manhattan, he owned a massive skyscraper, personal driver/butler...
the works.
And I knew immediately at that moment that I wanted to be a "finance geek".
I didn't know what they did, and quite frankly, I didn't care.
I just knew that I wanted that lifestyle.
And for me - a balding, Persian Jew - there was very little hope of succeeding in sports or entertainment.
So, naturally I took the business & finance route.
I never thought it would be this easy, though.
When I originally started looking into what is required to become a broker, I learned from many different sources that first, you needed to go to school for either business, finance, or economics.
Then you were supposed to come out of school and either work your way up the ladder at some bank or scrape for scraps as an intern for some big name brokerage with the hope that you'll make the right connections to move up.
And I did just that.
I went to school for business & marketing.
Then came out, and with my fancy degrees, got a job at the bottom of the food chain at a bank.
Fast forward 7 years and $35 million in clients...
and I wasn't anywhere near Thomas Crown.
I had barely gotten a 10% raise.
And, then...
I met my mentor.
Per his request, I cannot disclose his name, but I can tell you what he told me.
He had gotten involved in financial services about 10 years before me.
And he was a millionaire - multiple times over.
He gave me some very simple advice that ended up drastically changing my life for the better.
And ever since then, anyone to whom I've given this advice has had similar success.
The advice was simple...
"You don't need a fancy degree or a position at a fancy firm.
To make money as a broker, you need to first get licensed with the state...
become a broker instead of an employee...
then get more clients than the next guy.
Anyone could do that.
I could teach a high school dropout to do that.
" And that was it.
That message played in my head over and over.
"...
get licensed with the state...
become a broker...
then find more clients than the next guy...
" It was so simple, but it made sense.
So I got the necessary license to become a broker in California, quit my crappy job at the bank, and started hustling.
It definitely took some hard work, long days and long months...
but fast forward a few short years, and the net income from my brokerage is over 7-figures now.
And the awesome thing is...
the timing in the market has never been as sweet as it is now to get into finance.
10,000 members of the baby boomer generation are hitting retirement age every day, and they need someone to help them manage their retirement assets so they don't lose it all to market risk and taxes.
And that's where you come in.
Starting late 2006 - early 2007 - an estimated transfer of $45 TRILLION started.
This is money that is being transferred from risky retirement accounts to fixed and safe retirement accounts.
The average baby boomer lost at least 37% during the crash of 2008 and so they don't want to risk their money anymore.
The only people that can transfer their funds for them from these risky accounts to the safe ones are the people who are licensed with their state to do so.
And for the 76 million baby boomers, there are less than 30,000 licensed agents available.
The timing of the market is impeccable.
We're planning on working even harder during the next 5-10 years so we can get as much of that transfer as possible.
How about you?
If you've never seen it, it's a story about a "finance geek" who had built an empire worth hundreds of millions of dollars, and was so bored from getting his way all the time that he decided to steal an expensive painting.
Definitely worth a watch.
I immediately fell in love with the lavish lifestyle that he lived in that movie.
He had the gorgeous mansion in Manhattan, he owned a massive skyscraper, personal driver/butler...
the works.
And I knew immediately at that moment that I wanted to be a "finance geek".
I didn't know what they did, and quite frankly, I didn't care.
I just knew that I wanted that lifestyle.
And for me - a balding, Persian Jew - there was very little hope of succeeding in sports or entertainment.
So, naturally I took the business & finance route.
I never thought it would be this easy, though.
When I originally started looking into what is required to become a broker, I learned from many different sources that first, you needed to go to school for either business, finance, or economics.
Then you were supposed to come out of school and either work your way up the ladder at some bank or scrape for scraps as an intern for some big name brokerage with the hope that you'll make the right connections to move up.
And I did just that.
I went to school for business & marketing.
Then came out, and with my fancy degrees, got a job at the bottom of the food chain at a bank.
Fast forward 7 years and $35 million in clients...
and I wasn't anywhere near Thomas Crown.
I had barely gotten a 10% raise.
And, then...
I met my mentor.
Per his request, I cannot disclose his name, but I can tell you what he told me.
He had gotten involved in financial services about 10 years before me.
And he was a millionaire - multiple times over.
He gave me some very simple advice that ended up drastically changing my life for the better.
And ever since then, anyone to whom I've given this advice has had similar success.
The advice was simple...
"You don't need a fancy degree or a position at a fancy firm.
To make money as a broker, you need to first get licensed with the state...
become a broker instead of an employee...
then get more clients than the next guy.
Anyone could do that.
I could teach a high school dropout to do that.
" And that was it.
That message played in my head over and over.
"...
get licensed with the state...
become a broker...
then find more clients than the next guy...
" It was so simple, but it made sense.
So I got the necessary license to become a broker in California, quit my crappy job at the bank, and started hustling.
It definitely took some hard work, long days and long months...
but fast forward a few short years, and the net income from my brokerage is over 7-figures now.
And the awesome thing is...
the timing in the market has never been as sweet as it is now to get into finance.
10,000 members of the baby boomer generation are hitting retirement age every day, and they need someone to help them manage their retirement assets so they don't lose it all to market risk and taxes.
And that's where you come in.
Starting late 2006 - early 2007 - an estimated transfer of $45 TRILLION started.
This is money that is being transferred from risky retirement accounts to fixed and safe retirement accounts.
The average baby boomer lost at least 37% during the crash of 2008 and so they don't want to risk their money anymore.
The only people that can transfer their funds for them from these risky accounts to the safe ones are the people who are licensed with their state to do so.
And for the 76 million baby boomers, there are less than 30,000 licensed agents available.
The timing of the market is impeccable.
We're planning on working even harder during the next 5-10 years so we can get as much of that transfer as possible.
How about you?
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