I am considering a career change. Stop reading now if you're tired of this
type of post, and I apologize for posting another instance of this topic.
Ok, here's the setup:
Lots of posts I've seen appear to be from recent grads just entering the
work force. I'm 39 with a family. I am an employee, but with a business
owner mentality (always desired my own, never had the capital, haven't
taken the risk yet). Over the years, several insurance/finance pro's have
suggested I have traits which would translate well into this business. I am
finally now seriously looking. I must admit, I'm interested.
I've been all over this forum for a month - read everything I can find on
Jones. Spoken at length with two happy Jones reps (30 AUM in 3 yrs; 75
AUM in 6 years). I get the impression even though they took it serious
from day one, they are likely the exception. I understand from previous
posts there could be some Jones trade-offs (training/good for newbies
vs. compensation and room to grow). I *think* I may have shot at
qualifying. I plan on submitting the app soon. (Anti-Jones'ers: for the
record, I am meeting with the local AG Ed branch this week too).
(Sorry, question is below - still setting it up)
Here's some background on me:
- Business only, no finance. Most recently 6 years as the national
marketing manager for a custom homes company.
- 4 years (late 20's/early 30's) hardcore Amway sales/recruiting (Didn't
mind rejection, good with people, built a network of 200+, learned a lot,
never made any money).
- Disposition: Professional but affable, passively aggressive, persistent,
independent but teachable.
Here's the two part question:
Assuming reasonable intelligence, a good
work ethic and a good attitude but NO finance background:
A) Through initial training at Jones or Edwards can on actually learn
enough to gain and manage assets properly?
B) Is a 60k income in the first year achievable, or not? (yes, that's the
target I'd need to reach)
I've read the horror stories about downsizing, selling the house, washing
out etc. I've also read posts from some who did better, and that ultimately
'it's up to me'. That said, is it doable, or... ?
Any thoughts? Thanks in advance.