Millionaire Agents???

[SportsNut]

made millions.

Of course he may have to give some of it back . . .

He No Hab....

Of course here is his latest statement... he seems to be calling a few newspapers and wanting to get his story out there.

"I have no memory of any of it — not going to the airport, being in the air, nothing," the newspaper quoted him as saying. "It's just crazy. I've never even jumped out of a plane before. I sit here and stare at the walls and wonder what happened and say, 'How did I get here?'"

The MSNBC story

 

[ComeCorrect]

Sorry. I like to make my money the honest way. No fraud for me.

 

[TXINSURANCE]

I heard you can make millions placing tiny little ads in thousands and thousands of newspapers.

I can't imagine you would have to work more than 2 hours a day to make 7 figures.

LOL.

 

[russelltw]

Based on the research I have done and from what I have learned here, I would say to start a lead generation business. If you are pretty good with pay per click, you would probably make $1 million much faster there than selling insurance.

Based on what I read on the thread "How Much Does Everyone Spend on Leads$$$", I think this confirms I am on the wrong side of this business.

I think it would be pretty hard to make it without being the agency owner and having many writing agents under you. I work with a captive company and we have a guy in our district that is one of the top producers in our state. I have been told by our district manager that he is making north of $375,000 a year. With that said, he is a workaholic. He works from 6am until 10pm 6 days a week and on Sunday works before church and then back to work after having lunch with the family. He told my district manager he had not seen his lawn in daylight in over 1 year. He says he is craming 25 years of worktime into 10 years and he will retire in another couple of years.

Not for me.

Thanks
Russelltw

 

[somarco]

Mike Levy works 2 days a week, 3 hours each day.

The rest of the time he is on the golf course or sitting in 5 Seasons Brewery as a professional taster.

 

[bluemarlin08]

Many agents working large estate cases and def comp make millions and millions. Just check the stats of the large mutuals top 20 agents in first year commissions.

 

[Paradigm]

To make 1 million a year in individual health you will need to sell 25 sales a week (5 sales a day) @ an avg of 4000 in premium.

100,000 AV a week for 50 weeks is 5M in annual premium

@25% is 1.25M @80% persistency is 1M

Assuming you sold some life as well you would make up the cost of your leads and net out 1M. You will probably spend about 2K in leads a week to acheive this.

It would be difficult to run a business of such magnitude without an assistant at least and some state of the art fulfillment software, and of course giving up your free time.

To make Wallstreet cash will take Wallstreet time start @ 7am and work till nine pm. If you are will to work 14 hours a day it can be done.

 

[TXINSURANCE]

He told my district manager he had not seen his lawn in daylight in over 1 year. He says he is craming 25 years of worktime into 10 years and he will retire in another couple of years.

If he is still alive of course.

 

[somarco]

Mark -

Good to see you back on the forum. Can't believe I was standing beside you at the coffee urn on Friday and could not connect a name with the face. Boy is that embarrassing. Good thing I ran into Carol who put it all together for me.

Let's grab lunch.

 

[retread]

Based on the research I have done and from what I have learned here, I would say to start a lead generation business. If you are pretty good with pay per click, you would probably make $1 million much faster there than selling insurance.

Based on what I read on the thread "How Much Does Everyone Spend on Leads$$$", I think this confirms I am on the wrong side of this business.

I think it would be pretty hard to make it without being the agency owner and having many writing agents under you. I work with a captive company and we have a guy in our district that is one of the top producers in our state. I have been told by our district manager that he is making north of $375,000 a year. With that said, he is a workaholic. He works from 6am until 10pm 6 days a week and on Sunday works before church and then back to work after having lunch with the family. He told my district manager he had not seen his lawn in daylight in over 1 year. He says he is craming 25 years of worktime into 10 years and he will retire in another couple of years.

Not for me.

Thanks
Russelltw

I made a good salary as an airline pilot for many years, and one thing many of us observed: An airport is always pouring concrete. With all the construction going on, we decided that if we ever had the opportunity to do it all over again, we would go into airport construction.

As far as making a million is concerned: No matter how much you make, if you become like most millionaires, it's never enough. BTW: a million is just not what it used to be...!

Secondly, I used to be a millionaire. Honest. Then I got divorced.

I started all over again, and then the dotcom bubble burst, followed on the heels with Wall Street scandals that drove the market even further down, and capped by the 9/11 attack. I lost about 50% of my investments in my 401(k). I will never again put money into one again.

More people are discovering what I learned about 401(k)s with this recent downturn. I am reading about 50% losses every day and I know how they feel (and this is only 9 years later....) Do you know how much it takes in returns to recover a 50% loss? (This is a test!)