It’s been three months since I gave up my license as a Financial Advisor (insurance agent) from one of the leading insurance companies in our country. Honestly, being part of this institution for more than a year, there are days that I think that letting go of it is actually a wrong decision. Mainly because I kind of loss the opportunity to discuss financial literacy to people. Nevertheless, I believe that letting go of it was one of the best decisions that I did this year.
Wait Jeyps! You say it’s a wrong decision but it’s also the best decision that you did? How can that be? Well, here are 4 things that I realized as I left the industry.
1) The main reason why I wanted to become a Financial Advisor was to simply share financial literacy to people. It was never my intention to sell an insurance product in the first place. I get uncomfortable whenever I hear other advisors talking about commissions and I guess this is the main reason why I did not thrive in this industry before.
I realized that I currently have a different vision than successful advisors and if I wish to become successful the next time I decide to be back in this industry (which I believe will really happen eventually), I need to fully accept the fact it is a sales business and that selling is part of my goal.
2) Trying to make my income as an insurance agent my main source of income kind of affected the way I share financial literacy. I would meet clients and discuss. I would share financial literacy to them. But since selling insurance is the goal of an agent, I would sometimes be distracted because the amount of commission that I could get from selling the product.
I realized that I want to share personal finance in a way that I won’t be thinking about commission anymore and in order to do that, I just know that I need to have another stable source of income first.
3) Letting go of my license actually allowed me to reassess my goals in the future. I got back on track and was able to realize my true vision board in life.
I realized that sharing financial literacy is just part of my goals and my main dream is to actually own different businesses. I won’t ever forget that joyful feeling from our first franchise venture back in 2014. People bought our product, took a photo with it and it gave a smile on their face. My dream is to provide employment to other people. I won’t ever forget that feeling when we first gave our employees their very first salary back then. Seeing them so happy as they got paid for what they worked for was really priceless for me.
4) Since I know that I won’t be earning anymore whenever I talk to people about insurance, I am now able to discuss it wholeheartedly. To be honest, I believe that even if I won’t have life insurance for my kids in the future, they will still become successful. Because I would be raising them in a way that not receiving anything from me and my wife when we’re gone will not hinder them from being the best person that they can ever be.
My mom died 11 years ago without leaving us anything. My father is already 69 years old and is no longer insurable right now. He doesn’t have much retirement funds and he won’t be leaving us much estate when the time comes. But regardless, that is never a hindrance for us (their kids) to be the best version of ourselves. In fact, since I know that I won’t be receiving anything in the end, the more it is that I am really eager to achieve my dreams. Because, I want to let people know that regardless of what handicap or disadvantage that you have in your life, you can always become successful.
Don’t get me wrong, what I’ve written above are only my personal thoughts. I do know a lot of financial advisors who are fully committed to their advocacy and are able to give you the best advice regarding how to handle and manage your finances. (So no bashers pretty please.) ^_^
I myself have a couple of policies under my name and I do believe everyone needs life insurance. There’s even a verse in the bible that talks about it. 1st Timothy 5:8 says, “Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.”
So I do hope that everyone who would be reading this post would realize the importance of life insurance and I encourage you to talk to a trusted Financial Advisor now.
P.S. Don’t know any good Financial Advisor? Send me a personal message or comment below so I refer you to my trustworthy advisor friends.
I hope this article taught you something about how to achieve success.
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I Struggle, I Win!