Good saying I once heard about the brokerage business:

"It's the hardest 40k you'll ever earn and the easiest 200k you'll ever make."

[quote=NASD Newbie][quote=bankrep1]

Back on track:

Sales jobs are one of the highest paid positions in any field.  Brokerage has always revolved around people with money, hence the opportunity to be a person with money.

Like any field there are hurdles to reach the upper ranks.  The medical field it take's education, the insurance or brokerage world, the hurdle is time.

[/quote]

Stunning.  Here we have somebody admitting that they don't have an education, but figure that if they grow old doing this job they will automatically become successful.

Skill is irrelevant, what matters is time.

Education is irrelevant, what matters is time.

Amazing.

[/quote]

Newbie,

Did I say education is irrelevant? No.  I hold many designations and degrees.  I think they are important.  However, how may "smart" people fail out of this business?

I have met plenty of people who scored in the 90's on thier 7 and didn't make it a year.  They were busy trying to figure out what the next "hot" investment idea was or charting stocks for formations.

Fact is there are countless stories of successful brokers who made it with nothing more than a high school education.  I declare that time is the hurdle in our business.  Can you last 5 years? 

You didn't by the way

[quote=wanna_be_FA]

how come financial advisors make so much money???

i know its not an easy job..but lets face it, it aint rocket science or some sh*t like that

i hope this doesnt piss off anyone. im just curious. and honestly money is one of the reasons why i want to become a financial advisor

[/quote]

We don't make money for being financial advisors. We make money for closing business. The more you close, the more you make.

[quote=NASD Newbie]

[quote=Indyone]I'm starting to wonder if a BL fan club could be a lucrative venture...[/quote]

Not as much as a Put Trader fan club.  Did you see that thread two or three weeks ago about him.

He must be a hell of a guy.

[/quote]

Put Trader?  He was an ignorant, self-involved bullsh*t artist, convinvinced of his omniscience, but completely unaware of his enormous lack of intellect and understanding.

You remind me of him quite a bit. 

Errata:  convinced

[quote=The Judge]

Good saying I once heard about the brokerage business:

"It's the hardest 40k you'll ever earn and the easiest 200k you'll ever make."

[/quote]

yeah I heard similar sayings before.

can any experience broker comment on this?

[quote=wanna_be_FA][quote=The Judge]

Good saying I once heard about the brokerage business:

"It's the hardest 40k you'll ever earn and the easiest 200k you'll ever make."

[/quote]

yeah I heard similar sayings before.

can any experience broker comment on this?

[/quote]

success breeds sucess.............