Share your Worst Primerica Story.............

[excellent]

The license basically allows me to say that I'm not a complete layman and that I have some sort of non-buffoonery under my belt. I'm not in this business to make money, I'm in this business to help other people save their money. Learning about and then sharing information on LBYM, never being in debt, tax-deferred accounts, low-fee mutual funds and the like are the exact reason that I want to become licensed and then hopefully move on to a more reputable company or something. For right now I would be more than happy to share with families the basic rundown on how to start up a balanced portfolio, take a day of my time doing so, and not making a penny off of it.

[FinanceDude]

Quote:

Originally Posted by kumquat I read your initial post at http://early-retirement.org/forums/i...?topic=10332.0 With all due respect, I'm wondering why you feel that a license makes you qualified to offer financial advice. Most licenses allow you to SELL insurance or mutual funds. Common sense advice like: LBYM, save in tax deferred instruments, save x% of income etc. is easy to provide but hard to charge for. What are you planning to offer?

I don't think he believes it does...........he is looking for help and guidance from folks here. I'll give him credit he has a lot of guts, considering the general consensus folks on here have about financial folks.................

[FinanceDude]

Quote:

Originally Posted by excellent The license basically allows me to say that I'm not a complete layman and that I have some sort of non-buffoonery under my belt. I'm not in this business to make money, I'm in this business to help other people save their money. Learning about and then sharing information on LBYM, never being in debt, tax-deferred accounts, low-fee mutual funds and the like are the exact reason that I want to become licensed and then hopefully move on to a more reputable company or something. For right now I would be more than happy to share with families the basic rundown on how to start up a balanced portfolio, take a day of my time doing so, and not making a penny off of it.

I admire your wish to help others. However, I don't believe Primerica or WFG shares that noble quest............I beleive their emphasis is on recruiting. If you want to help others but are not concerned about compensation, then learn all you can and teach some classes at a local community college about basic finances. You'll get more satisfaction out of it................

[jazz4cash]

excellent
Have you tried contacting any credit unions to inquire about career oppourtunities? I could see you in an outreach type of position providing generalized financial advice or member/employee training (LBYM, DCA, etc). Since the CU's are "non-profit", member owned, thier mission may align better with your objectives. Most of the for profit companies provide member services only as a means to sell thier wares. Vanguard is also claims to be a "mutual" company. The CSRs at Fidelity also seem to be fairly knowledgable, offer low pressure advice, and do minimal selling.